News

Minera IRL's Don Nicolas gold project in southern Argentina. Source: Minera IRL

Minera IRL raises US$80M for Don Nicolas mine construction

Minera IRL (TSX: IRL; LSE-AIM: MIRL) has struck a US$80-million debt and equity deal with private Argentine business interests that will allow the Lima-based gold miner to go ahead with mine construction at its advanced Don Nicolas gold project…




BHP Billiton's Jansen operation in Saskatchewan, Canada. Source: BHP Billiton

Cartel break-up raises doubts about BHP’s Jansen project

The break-up of one of the world’s two big potash cartels has spawned much speculation about the future of BHP Billiton’s (NYSE: BHP) Jansen project in Saskatchewan, with a report from analysts at Bank of America Merrill Lynch…


Probe Mines CEO David Palmer (far right) leads a tour of the Borden gold project in northern Ontario. Source: Probe Mines

Probing Chapleau for more than just timber

CHAPLEAU, ONT. — Play the game of word association with anyone who has heard of the small town of Chapleau, located west of Timmins in northern Ontario, and lumber, wildlife and railcars are bound to come up.


Charles F. Barber

US National Mining Hall of Fame’s five new inductees

The National Mining Hall of Fame (NMHF) in the U.S. has announced five new inductees representing a cross section of the U.S. mining industry, coming from the domestic and worldwide metal production, education and health and safety…



Employees pose for a picture at Teranga's Sabodala gold project in Senegal (2013). Source: Teranga Gold

Oromin turns friendly to Teranga offer

Teranga Gold (TSX: TGZ; US-OTC: TGCDF; ASX: TGZ) and Oromin Explorations (TSX: OLE) have found an amicable way for Teranga to acquire whatever Oromin equity it doesn’t already own.


The exploration camp at International Tower Hill's Livengood project in Alaska. Source: International Tower Hill

ITH’s Livengood struggles at today’s gold price

It doesn’t look like International Tower Hill Mines’ (TSX: ITH; NYSE: THM) huge Livengood gold project in Alaska will be hosting a mine construction crew any time soon. The company has released a feasibility study…


The construction camp at Sherritt's Ambatovy joint venture project in Madagascar (2009). Source: Sherritt

Sherritt lands in the red in Q2

Sherritt International (TSX: S; US-OTC: SHERF) reported a second-quarter net loss of $10.7 million, or 4¢ a share, falling below earnings of $40.8 million, or 14¢ a share, a year ago.


Mining engineers make plans at African Barrick's Buzwagi mine in Tanzania. Source: African Barrick

African Barrick hit with US$543M writedown at Buzwagi

VANCOUVER — Based on production metrics, Tanzania-focused African Barrick Gold (LSE: ABG; US-OTC: ABGLF) is having a relatively good start to 2013. Over the past six months the company has beaten analysts’ earnings…


Construction at Barrick's Cortez gold mine in Nevada. Source: Barrick Gold

Barrick takes US$8.7B impairment charge

Barrick Gold (TSX: ABX; NYSE: ABX) is writing down the value of its assets by US$8.7 billion and slashing its quarterly dividend in response to the recent decline in metal prices.  


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