Montreal-based gold producer Semafo (SMF-T) found out how punishing markets can be these days when the company released long-awaited exploration results at its Mana gold mine 200 km west of Ouagadougou, Burkina Faso. Originally expected early…
Life is full of ebbs and flows, expansions and contractions, and the mining industry is part of that cyclical stream. Right now Canada’s intrepid mining industry and its breathtaking, optimism-fuelled expansion into most of the…
The British Columbia Securities Commission has raised concerns about a 10.6-million-oz. gold resource estimate that Barkerville Gold Mines (BGM-V) released on June 28.The concerns, based on a draft technical report supplied to the BCSC,…
Spanish coal miners protested their industry’s “disappearance” at the Ministry of Industry in Madrid after a month-long, almost 500-km Marcha Negra, or “Black March.” The march was initiated on foot by 80 miners…
The S&P/TSX Composite Index rallied late in the period but finished lower than where it began, shedding 145 points to 11,514.53. After a six-day losing streak the index rebounded on July 13 owing to speculation that China would stimulate…
After enjoying a brief early week rally during the trading period, The S&P/TSX Venture Composite Index pared gains, closing down 2%, or 24.4 points, at 1,184.25. Uncertainty surrounding the eurozone crisis and weak jobs data in the U.S….
The S&P 500 and Dow Jones Industrial Average erased losses for the week in the last hour of trading as better-than-expected economic data from China lifted investor sentiment. The country clocked year-on-year growth of 7.6% during the…
Canadian explorer Avala Resources (AVZ-V) is making strides towards establishing a multi-million ounce, near-surface gold deposit in the historic mining region of Timok in eastern Serbia. Avala released the first of three scheduled resource…
Alamos Gold (AGI-T) has outlined a positive mining scenario at its Turkish gold assets, Kirazli and Agi Dagi, and revealed an inferred resource for its Camyurt project, also in Turkey’s northwest. A new prefeasibility study shows…
A deal that would be a defining transaction in the natural resource sector is facing pointed criticism from a group of activist investors. Prominent shareholders of mega-miner Xstrata (XTA-L) are questioning the inherent value in a…
The Aluminum Corp. of China (Chalco) and Ivanhoe Mines (IVN-T, IVN-N) have agreed to wait a month before Chalco makes an official offer to buy Ivanhoe’s stake in SouthGobi Resources (SGQ-V), as doubts remain as to whether the Mongolian…
VANCOUVER — With big mineral deposits becoming harder to find and even harder to put into production thanks to social and political hurdles, a small but growing group of companies are looking to the sea floor as their next source of…
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