Imperial opens Red Chris in BC
VANCOUVER — Imperial Metals (TSX: III; US-OTC: IPMLF) celebrated the first production of copper concentrate on Feb. 17 at its newly built Red Chris copper-gold mine, 80 km south of Dease Lake in northwestern B.C.
Copper
Lateral thinking pays off for Ivanhoe at Kamoa
VANCOUVER — For the second time in just over a decade, Ivanhoe Mines (TSX: IVN; US-OTC: IVPAF) is taking home the Thayer Lindsley Award, presented by the Prospectors & Developers Association of Canada at their conference in Toronto in…
North American Nickel gears up for work at Maniitsoq
VANCOUVER — North American Nickel (TSX-V: NAN; US-OTC: WSCRF) is making headway advancing its Maniitsoq nickel-copper-cobalt-platinum group metals property on the coast of southwestern Greenland, 85 km north of the capital Nuuk.
Southern Copper’s 2014 profit hit by lower copper prices
Southern Copper (NYSE: SCCO), controlled by Grupo Mexico, reported weak fourth quarter and full year 2014 earnings, largely due to a 7% drop in copper prices since 2013.
Kaizen sizes up Tower Resources
Since its reverse takeover in December 2013, junior explorer Kaizen Discovery (TSXV: KZD; US-OTC: CCNCF) has closed two acquisitions and is zeroing in on a third.
U.S. stocks show strength, Feb. 2-6
U.S. equities got off to a good start in February, helped by a positive jobs report and higher oil prices. The S&P 500 Index rose 60.48 points, or 3%, to 2,055.47, while the Dow Jones Industrial Average soared 659.34 points, or 3.8%, to…
Aquila closes in on US$21M financing with Orion
If a proposed US$20.8-million capital injection from Orion Mine Finance goes ahead, Aquila Resources (TSX: AQA; US-OTC: AQARF) could get its Back Forty project — a zinc- and gold-rich volcanogenic massive sulphide deposit in…
Eldorado falls on Greek opposition, weak outlook
Eldorado Gold (TSX: ELD; NYSE: EGO) shares have plunged after two events: Greece’s new left-wing government’s opposition to the company building a gold mine in the country, and a weaker-than-expected 2015 guidance. Eldorado recently…
Editorial: Where to next for copper?
One of the more sobering aspects of the New Year for miners was the rather swift tumble in copper prices, which blew through the long-standing US$3 per lb. support level to hit 6-year lows below US$2.50 per lb., with the spot price having…
Baja Mining’s Boleo produces first copper
When Tom Ogryzlo replaced John Greenslade as head of Baja Mining (TSXV: BAJ) in May 2012, the company and its then 70%-owned copper-cobalt-zinc Boleo project in Mexico were in freefall — reeling from hundreds of millions of dollars in…
Rio Tinto’s McIntosh: ‘Exploration in our DNA’
VANCOUVER — There’s likely not an exploration manager with a bigger technical team or budget than Rio Tinto’s (NYSE: RIO; LSE: RIO) Stephen McIntosh, who serves as the mega miner’s global head of exploration and has…
Flawed dam design caused Mount Polley spill, panel says
An independent investigation into the tailings pond spill at Imperial Metals’ (TSX: III; US-OTC: IPMLF) Mount Polley gold-copper mine near Likely, B.C., found that a flaw in the dam’s design caused the breach last summer.