Balmoral delivers more high-grade nickel-PGMs at Grasset
Balmoral Resources’ (TSX: BAR) latest drill results provide further confirmation of new high-grade discovery at its Grasset nickel-copper-PGM project in Quebec, 600 km northwest of Montreal.
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All systems go for Roxgold’s Yaramoko mine
It took just three months for authorities in Burkina Faso to approve the environmental and social impact assessment Roxgold (TSX: ROG; US-OTC: ROG) submitted for its Yaramoko gold project in the country’s Houndé greenstone belt,…
Price tag for Duluth’s Twin Metals nears US$3B
The release of a prefeasibility study estimating that its Twin Metals copper-nickel-platinum group metals joint-venture project would cost US$2.8 billion to build sent Duluth Metals (TSX: DM; USOTC: DULMF) shares tumbling by more than 25%.
Banro finds ‘relief’ in new financing plan
Banro (TSX: BAA; NYSE-MKT: BAA) has crafted a large financing plan to improve its liquidity and ability to bring Namoya, its second gold mine in the Democratic Republic of the Congo (DRC), to full production. The plan includes a US$35.5…
Cliffs to buy back shares
A month after activist hedge fund Casablanca Capital succeeded in gaining control of the board at Cliffs Natural Resources (NYSE: CLF), the troubled iron ore and metallurgical coal miner says it plans to buy back US$200 million worth of its own…
Ian Ball jumps into the void, lands at Abitibi Royalties
When McEwen Mining (TSX: MUX; NYSE-MUX) announced in May that its president Ian Ball was resigning after nine years with the company, the news caught many people in Toronto’s tightly knit mining circles by surprise.
Rio Tinto’s profits improve as hard-won cost savings take hold
VANCOUVER — Cost cutting by the majors has been a painful necessity over the past few years, and Rio Tinto (NYSE: RIO; LSE: RIO) is no exception. But based on the results from the first half of 2014, the mega-miner’s focus on…
Semafo benefits from high-grade pits at Mana
VANCOUVER — When West Africa-focused Semafo (TSX: SMF; US-OTC: SEMFF) relocated most of the mining fleet to new mining ares at its flagship Mana gold mine, the company knew it would have to weather a less-productive transition…
True Gold’s Karma gold mine fully funded to production
Over the last year True Gold Mining (TSXV: TGM; US-OTC: RVREF) has reviewed and negotiated more than a dozen term sheets from traditional and alternative funding sources for its Karma gold project in Burkina Faso.
Endeavour Silver’s cost cutting boosts balance sheet
VANCOUVER — Glancing at Endeavour Silver’s (TSX: EDR; NYSE: EXK) production and earnings numbers for the second quarter, it doesn’t appear a lot has changed over the past year.
Bre-X film gains traction in Hollywood
The producer/director of an upcoming major motion picture based on the Bre-X Minerals fraud is in the final stages of financing and confirms he is in negotiations with an A-list Hollywood actor to play a lead role.
Stillwater keeps its PGM costs down
Stillwater Mining (TSX: SWC.U; NYSE: SWC) has gone back to the basics and is refocused on its platinum group metals (PGM) assets in Montana, under the direction of its relatively new board, with noticeably good results.