Low costs at Tenke Fungurume bolster Lundin
Lundin Mining (TSX: LUN; US-OTC: LUNMF) continues to be a market darling, largely because of its position in the world-class Tenke Fungurume copper mine in the Democratic Republic of the Congo.
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Ucore scores major victory in Alaska
The Alaska State Legislature has unanimously passed a bill that authorizes the Alaska Industrial Development and Export Authority (AIDEA) to issue bonds of up to US$145 million to finance some of the infrastructure costs of Ucore Rare…
Cliffs hit by falling prices, cold weather
A harsh winter and low iron-ore and coal prices ensured that Cliffs Natural Resources (NYSE: CLF) would disappoint on its first-quarter earnings.
Klondex outlines low capex mine at Fire Creek
VANCOUVER — For a capital investment of US$50 million, Klondex Mines (TSX: KDX) could turn its Fire Creek project into an underground mine churning out 56,000 oz. gold annually at an all-in cost of US$636 per oz., according to…
Meadowbank improvements lift Agnico’s profits
Agnico Eagle Mines (TSX: AEM; NYSE: AEM) wrapped up a strong first quarter, with profits of US$109 million, ahead of the US$24 million earned in the same period last year.
Nevsun’s coffers swell as it shifts Bisha to copper
VANCOUVER — In its first full quarter operating Bisha as a copper mine, owner Nevsun Resources (TSX: NSU; NYSE-MKT: NSU) encountered some commissioning challenges, like higher-than-expected grades and a trucking bottleneck that filled the…
Midway Gold pushing Pan towards production in Nevada
Midway Gold (TSX: MDW; NYSE-MKT: MDW) has a lot on its plate — it’s almost a wonder it finds the time to release its first-quarter financials.
Angkor Gold presses ahead in Cambodia
A prospect Angkor Gold (TSXV: ANK; US-OTC: ANKOF) picked up in northeastern Cambodia in 2012 may soon become the country’s first modern, commercial gold mine, president and CEO Mike Weeks says.
Goro suspension pushes rising nickel price to two-year high
VANCOUVER — With nickel prices up almost 40% so far in 2014, a suspension at Vale’s (NYSE: VALE) Goro nickel–laterite mine in New Caledonia has pushed the price to a two-year high.
Metals Commentary: Indonesia export ban crimps China’s bauxite supply: Wood Mackenzie
The following is an edited commentary by U.K.-based metals and energy analysts Wood Mackenzie.
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.
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.