Gold price fall may trigger another round of writedowns
Data recently published by Wood Mackenzie illustrates that at US$1,100 per oz. gold, about 10% of current gold mine production is uneconomic on a total cash cost plus sustaining capex basis.
News
Correction
In the story “Taranis hopes to take Thor to the max” (T.N.M., July 20–26/15), FortyTwo Metals — a subsidary of Roca Mines — had its debt incorrectly stated as $200 million, when in fact it is estimated…
Vale, partners to study mental health in mining
Mining giant Vale has partnered with Laurentian University and the United Steelworkers (USW) to conduct a $400,000, three-year research project focused on the mental health of miners.
NioCorp CEO provides cash to company
For the second time in less than two months, Mark Smith of NioCorp Developments (TSX: NB; US-OTC: NIOBF) has dug into his own pockets for loans to the company he leads.
Defiance Silver hits high grades at San Acacio
Defiance Silver (TSXV: DEF; US-OTC: DNCVF) is having drilling success at its past-producing San Acacio silver mine in Zacatecas, Mexico.
Gold stocks that soared in 2015’s H1
Several gold producers have registered strong share price gains during the first half of 2015, despite price pressure on the yellow metal. The spot gold price dipped 0.7% from last year’s close to end June 30 at US$1,174 per oz. It has…
Callinex Mines attracts Resource Capital Funds
Max Porterfield, president and CEO of Callinex Mines (TSXV: CNX; US-OTC: CLLXF) thinks he’s got the projects, the people and soon, some of the money, to have a decent shot at making the next meaningful discovery in…
Sugar Zone could be even sweeter, Harte Gold’s Roman says
Development is picking up speed at Harte Gold’s (TSX: HRT; US-OTC: HRTFF) Sugar Zone deposit, 60 km east of the Hemlo gold camp near Wawa, Ont., with a major financing, recent bulk sampling and toll-milling deals.
Editorial: Mitsubishi comes clean on WWII slave labour
Japan’s Mitsubishi Materials Corp. is showing corporate courage by formally apologizing for using American prisoners of war as forced labour at its mines and industrial complexes during World War II — the first Japanese company to…
Stars to realign for Largo in Brazil
Largo Resources (TSXV: LGO; US-OTC: LGORF) is keeping its 2015 guidance at the Maracas Menchen vanadium mine in Bahia, Brazil, despite the slower-than-expected ramp up.
Capstone gets positive EIA, mulls new plan at Santo Domingo
With iron ore prices down by 31% in the last year, Capstone Mining (TSX: CS) is contemplating a different development plan for its 70%-owned Santo Domingo copper-iron project in Chile.
Aston CEO outlines potential at Storm copper project
Despite an uphill battle in raising funds, Aston Bay Holdings’ (TSXV: BAY) founder and CEO Benjamin Cox remains upbeat on the copper potential at the junior’s Aston Bay property in Somerset Island, Nunavut.