Another hill to climb for Copper Mountain
Operational issues at the Copper Mountain mine in B.C. are hounding Copper Mountain Mining (CUM-T).
Copper
Nevsun optimistic about new zone near Bisha
VANCOUVER — Drills probing the Northwest zone, a satellite zone 1.2 km from Nevsun Resources’ (NSU-T, NSU-N) operating Bisha gold mine in Eritrea, are finding high-grade gold, copper and zinc — just not all in the same place.
UPDATE2: Grasberg tunnel collapse kills 28
Twenty-eight workers have died at Freeport-McMoRan Copper & Gold’s (FCX-N) Grasberg mining complex in Indonesia after the roof of an underground training facility collapsed on May 14. Ten others have been rescued.
Juniors like Coro face tough choices
Difficult markets and strained balance sheets are dogging junior mining companies across the industry, forcing them to make some hard decisions about how to manage their assets.
Sunridge brightens Asmara’s economics
Sunridge Gold (SGC-V) has outlined stronger economics for its prized Asmara copper-zinc-gold project in Eritrea in a feasibility study that outshines last year’s prefeasibility study.
JV partners grow resource at Woodjam
In a little over a year, partners Consolidated Woodjam Copper (WCC-V) and Gold Fields (GFI-N) have grown the inferred resource at the Southeast zone on their Woodjam property in the Cariboo region of central British Columbia from 146.5 million…
Lundin on track despite first-quarter zinc setback
VANCOUVER — Diversified base metal producer Lundin Mining (LUN-T) is on target to meet its guidance this year despite lower-than-anticipated production during the first quarter at its wholly owned Zinkgruvan zinc-lead-copper mine, 200 km…
Thompson Creek sees its future in copper and gold
Thompson Creek Metals (TCM-T, TC-N) is a go-to name in the molybdenum space, largely thanks to its namesake mine, which is the fourth-largest moly mine in the world.
Cheap coal hits Teck’s bottom line
Teck Resources’ (TCK-T, TCK-N) first-quarter performance beat analyst expectations but came in lower compared to a year ago, owing to global economic uncertainty and weaker commodity prices.
Healthy operating cash flow in Q1, Barrick says
Barrick Gold (ABX-T, ABX-N) has reported operating cash flow in the first quarter of 2013 at US$1.1 billion, down from US$1.4 billion in the first quarter of 2012, while net earnings totalled US$847 million, or US85¢ per share, down from…
Colorado Resources’ shares septuple on BC porphyry hit
VANCOUVER — When the first hole ever drilled at a property returns 333 metres grading 0.51% copper and 0.67 gram gold per tonne from surface, resource investors sit up and take notice.
Yamana’s Q1 profits plunge as costs rise
Despite producing more gold than a year ago, Toronto-based Yamana Gold (YRI-T, AUY-N) wasn’t able to buck the trend of miners posting shrinking first-quarter profits amidst dipping metal prices. Profit for the first quarter of…