Newmont’s Hope Bay nears construction decision
When you’re 685 km northeast of Yellowknife, or 160 km above the Arctic Circle, just about everything costs more than it does down south.
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Xstrata funds Raglan expansion
Raglan at Quebec’s northern limit in Nunavik is one of the world’s highest grading nickel mines. In August, Xstrata Nickel, one of Xstrata’s (XTA-L) global business units, approved a US$530-million extension project at that will develop the…
The Red Back team returns at Atacama
The former Red Back Mining team led by Richard Clark has returned to advance Atacama Minerals (AAM-V), using the same strategies they used to build Red Back from a junior with a $50-million market cap into a West African gold producer…
De Beers sale to shake up industry
Anglo American’s (AAL-L) agreement to pay $5.1 billion in cash for the Oppenheimer family’s 40% stake in De Beers will have a profound impact on the diamond industry, executives and analysts say.
Western Potash passes another milestone
Western Potash (WPX-T) has put a spotlight on its Milestone potash project in Saskatchewan with a positive prefeasibility study (PFS) estimating annual production at 2.8 million tonnes for at least 40 years. This has some analysts speculating…
Fronteer spin-off Pilot Gold busy with the drill
Just six months into its new corporate life, Vancouver-based gold explorer Pilot Gold (PLG-T) has already drilled 60,000 metres at nine projects on two continents.
Ghana yields the gold for Abzu
Initial drill results from Abzu Gold’s (ABS-V, ABZUF-O) Nangodi Project in Ghana show that the Bole-Nangodi Gold belt in the north of the country still has plenty of gold to give.
PwC releases report on junior miners
Exploration spending in the twelve months ended June 30 increased 115% year-on-year while total production costs have more than quintupled since 2006, rising more than 23% between 2010 and 2011, PwC concludes in its annual study of the top 100…
Peregrine preps Chidliak for bulk sampling
The year 2010 would have been tough for Peregrine Diamonds (PGD-T) to top, even in the best of markets. The company made 34 new kimberlite discoveries at its 49%-owned Chidliak…
Northern Iron makes a splash
If recent drill results and an historic resource estimate are any indication, Northern Iron Corp (NFE-V, N8I-F) could turn some heads when it releases an initial resource estimate on its Karas property in the Red Lake mining district before the…
Rainy River PEA outlines 329,000-oz.-per-year gold mine
Rainy River Resources (RR-T) has a positive preliminary economic assessment for its flagship Rainy River gold project (RRGP) in Northwestern Ontario. In a combined open-pit and underground operation, the Rainy River project could produce…
Bear Creek releases Corani feasibility study
Vancouver – A feasibility study on Bear Creek Mining’s (BCM-V) flagship Corani project in southern Peru has added slightly to silver reserves while capital costs have increased 70%.