Fortune to buy Revenue mine in Colorado
Fortune Minerals (TSX: FT; US-OTC: FTMDF) is buying 100% of the Revenue polymetallic mine in southwestern Colorado in a staged transaction, putting it a step closer to becoming a junior producer.
News
Editorial: Turkey in mourning
Outside of the all-too regular horrors of China’s underground mines, the coal mine explosion on May 13 at Soma, 250 km south of Istanbul in western Turkey, is the worst mine disaster in recent memory.
Virginia flexes exploration muscle at Wabamisk
Virginia Mines (TSX: VGQ) made its name, and a fortune, with its Eleonore discovery Quebec’s James Bay territory, but that doesn’t mean that it is done with the region yet.
Glencore Xstrata set to take 20% stake in Solid Resources’ Cehegin
For the last seven months, Canadian junior Solid Resources (TSXV: SRW) and diversified mining heavyweight Glencore Xstrata (LSE: GLEN) have been completing due diligence on a group of sixty-two iron ore concessions in southeastern Spain known…
[Update] Two drillers dead at First Nickel’s Lockerby mine
At First Nickel’s (TSX:FNI) underground Lockerby nickel-copper mine southwest of Sudbury, Ont., seismic activity that apparently preceded a fall in ground claimed the lives of two contract drillers: Marc Methe, 34, and Norm Bissaillon, 49.
Roxgold completes Yaramoko feasibility study
A feasibility study on the 55 Zone of Roxgold’s (TSXV: ROG; US-OTC: ROGFF) Yaramoko gold project located 200 km southwest of Ouagadougou in Burkina Faso improves on the results of a preliminary economic assessment delivered late last year…
Site visit: Mega Precious goes monumental
MONUMENT BAY, MANITOBA — Make no mistake about it, Mega Precious Metals’ (TSXV: MGP) Monument Bay project is a serious gold play. With 3.6 million global ounces of gold already outlined, this property in northeastern Manitoba has…
Water issues arise as Ur-Energy ramps up Lost Creek
Ur-Energy (TSX: URE; NYSE-MKT: URG) is getting the production numbers it expected as it ramps up its Lost Creek uranium project towards commercial production, but water issues at the facility have caused concern.
Allied Nevada plans major Hycroft expansion
VANCOUVER — With a prefeasibility study outlining how to boost gold and silver production from the Hycroft mine in Nevada, Allied Nevada Gold (TSX: ANV; NYSE-MKT: ANV) now just needs the money to make it happen.
Castle Mountain Mining completes PEA milestone
In one short year as a public company, Castle Mountain Mining (TSXV: CMM) has delivered a resource estimate on the past-producing Castle Mountain mine project, 112 km from Las Vegas in San Bernardino County, Calif., and completed a preliminary…
PotashCorp beats Q1 earnings estimates
Potash Corp. of Saskatchewan (TSX: POT; NYSE: POT) is off to a good start, as it has reported strong first-quarter 2014 earnings, beating the company’s guidance and analyst expectations and bumping up its full-year forecast.
Rockcliff builds critical mass in Flin Flon-Snow Lake
During his 30 years as a field geologist, Kenneth Lapierre worked on grassroots exploration projects across North and South America and as an underground production geologist in precious and base-metal mines in Canada. His work over those…