Rye Patch scoops up Florida Canyon gold mine in Nevada
VANCOUVER —Rye Patch Gold (TSXV: RPM; US-OTC: RPMGF) is buying the venerable Florida Canyon heap-leach gold mine in Pershing County, Nev., out of receivership after…
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TSX Venture falls, May 23-27
The S&P/TSX Venture Composite Index fell 2.6%, or 17.6 points, to a 668.54-point close over the trading period. Spot gold hit a three-month low, falling…
Orion to finance Premier Gold
When it comes to financing companies in the mining sector, private equity firms typically call the shots. But in a deal announced on May 31,…
US stocks surge, May 23–27
U.S. indexes gained ahead of the Memorial Day weekend, after U.S. Federal Reserve Chair Janet Yellen hinted at a possible interest rate hike in the…
TSX posts slight gain, May 23-27
The Bank of Canada kept its target for the overnight lending rate at 0.5% and estimated that the wildfires in Alberta would knock 1.25 percentage…
The Northern Miner podcast – episode 14: Lithium 101 and the effects of national wine day
We dig further into the lithium boom in our lead up to an in-paper special on the commodity that’s all abuzz thanks to Elon Musk and…
Hecla bids for Mines Management and its Montanore deposit
VANCOUVER — Hecla Mining (NYSE: HL) is hoping to fortify its silver development portfolio in the U.S. Northwest with a US$37-million, all-share acquisition of Mines Management (TSX: MGT; NYSE-MKT: MGN)…
Canadian mining sector improves in early 2016
The Canadian mining sector got a much-needed boost in the first three months of 2016 thanks to higher gold and base metal prices, according to…
Golden Predator attracts heavy hitters Albert Friedberg, Rob McEwen & Pat DiCapo
Albert Friedberg and his Friedberg Mercantile Group were listed among the top-40, highest-earning hedge fund managers in the world by Forbes magazine in 2011. More…
Centerra to appeal environmental fines
Centerra Gold’s (TSX: CG) subsidiary has been fined US$98 million for environmental damages at the Kumtor gold mine, and faces another US$225 million in environmental…
Cementation sinks deepest shaft in the US
Mining contractor Cementation has sunk the deepest mine shaft in the United States. The record-setting #4 shaft at Hecla Mining’s (NYSE: HL) Lucky Friday silver-lead-zinc…
Zafranal could produce copper for nearly two decades, study says
A positive prefeasibility study on the Zafranal project — an Andean style porphyry copper-gold deposit in southern Peru owned by Teck Resources (TSX: TCK.A; TSX:…