Exploding Costs: An analysis of Galore Creek
The mining industry is fraught with capital cost overruns — a quick internet search will turn up many examples. The results quickly highlight that as many as two-thirds of mining…
Gold
The Northern Miner Podcast – episode 181: Mining in the age of the coronavirus, ft Kinross Gold
This episode features a fireside chat with senior executives from Kinross Gold, including president and CEO Paul Rollinson, Chief Financial Officer Andrea Freeborough, Chief Technology Officer Paul Tomory, Corporate Development,…
Hudbay boosts gold reserves, production forecast in Manitoba
In its recent annual mineral reserve and resource update, mid-tier copper producer Hudbay Minerals (TSX: HBM; NYSE: HBM) provided some market optimism in the form of a major boost in…
TSX inches higher, March 30-April 3: Agnico, Aura Minerals, Newmont, NovaGold
The S&P/TSX Composite Index rose 1.98%, or 250.56 points, to finish the trading week at 12,938.30. The S&P/TSX Global Mining Index rose 3.61% to 66.80, while the S&P/TSX Global Base…
US markets drop, March 30-April 3: Consol Energy, Cameco, Rio Tinto, Kirkland Lake, Wheaton Precious Metals, Fortuna
The Dow Jones Industrial Average fell 2.70%, or 584.25 points, to 21,052.53 and the S&P 500 dropped 2.08%, or 52.82 points, to 2,488.65. Spot gold fell finished the week at…
TSX Venture falls, March 30-April 3: Gold X, Meridian, Revelo, Morien
The S&P/TSX Venture Composite Index lost 1.19% to finish the trading week at 383.94. Gold X Mining’s shares rose 20¢ to $1.53. The junior, which is advancing its Toroparu project…
Freeport ramps up security after attack kills employee near Grasberg mine
Freeport-McMoRan (NYSE: FCX) confirmed that one employee was killed and another employee and contractor were seriously injured in a shooting in Papua, Indonesia, near the company’s administrative offices in Kuala…
New Gold closes US$300M partnership with Ontario Teacher’s Pension Plan
New Gold (TSX: NGD; NYSE-AM: NGD) has closed a strategic partnership with the Ontario Teachers’ Pension Plan (OTPP) to acquire a 46% free cash flow interest in the company’s New…
Executive chairman John Thornton sells 50% of his shares in Barrick
John Thornton, Barrick Gold’s (TSX: ABX; NYSE: GOLD) executive chairman, has sold half his stake in the company “due to personal portfolio considerations.” Thornton sold 2.63 million shares following the…
Orla Mining advances Camino Rojo project in Mexico
Over the last month, Orla Mining (TSX: OLA) has completed two deals that help pave the way for developing its Camino Rojo gold project in Mexico’s Zacatecas state, 50 km…
The Northern Miner Podcast – episode 180: The story of Pretium’s Brucejack mine, ft Joe Ovsenek at PDAC
This episode features a keynote speech by Pretium Resources president and CEO Joe Ovsenek at the Prospectors and Developers Association of Canada (PDAC) conference in Toronto. Ovsenek discusses the history…
TMAC releases Hope Bay study
TMAC Resources (TSX: TMR) has released key results from a prefeasibility study completed for its wholly owned Hope Bay gold project in Nunavut. This latest study envisions a new 4,000…