Iamgold sells Niobec mine to ex-CEO of Barrick
Former Barrick Gold (TSX: ABX; NYSE: ABX) CEO Aaron Regent is back in action.
Volume 100 Number 35 Oct 13 - 19, 2014
TSX down again, Sept. 29 – Oct. 3
Canada’s main stock index posted its fifth straight weekly decline despite a positive jobs report in the U.S., weighed down by concerns including whether the central government in Beijing would move against pro-democracy protesters in…
Yamana keeps the drills close to home, as it looks for ‘higher-quality ounces’
VANCOUVER — Yamana Gold (TSX: YRI; NYSE: AUY) says the best return on its exploration capital will be realized through brownfield initiatives at its producing mines. The company is in the midst of a $75-million program to “unlock…
Amara Mining boosts Yaoure resource
Amara Mining (TSX: AMZ) has increased the gold ounces and grade at its wholly owned Yaoure project in Côte d’Ivoire based on 70 diamond drill holes and 35 reverse-circulation holes drilled so far this year.
East Africa Metals defines Adyabo in Ethiopia
Pleased with results from recent drilling at its Adyabo gold-copper project in Ethiopia, Canaco Resources spinoff East Africa Metals (TSXV: EAM; US-OTC: EFRMF) is starting a 6,000-metre diamond-drilling program to define several mineralized…
Ross Middleton on boosting productivity, returns
“Productivity is the prime imperative for the mining industry of the decade or decades to come,” Ross Middleton, a partner with the Boston Consulting Group (BCG), told attendees at Mining Magazine’s “Optimizing Mine…
Balmoral expands Grasset nickel-copper-PGM discovery
Balmoral Resources (TSX: BAR; US-OTC: BALMF) has more than doubled the strike length and depth of the high-grade Horizon 3 zone at its Grasset nickel-copper-platinum group metals (PGM) project in Quebec. Grasset is about 200 km north of…
Roxgold finances Yaramoko
Roxgold (TSXV: ROG; US-OTC: ROGFF) has de-risked its Yaramoko project in Burkina Faso with a US$75-million debt-financing package from several European banks, and a US$15-million equity investment from its underground mining contractor in…
Agnico Eagle’s ‘exciting’ Amaruq discovery in Nunavut
VANCOUVER — It’s not a market where producers discuss exploration-stage plays often, but Agnico Eagle Mines (TSX: AEM; NYSE: AEM) can’t contain its excitement over the Amaruq gold prospect, 50 km northwest of its Meadowbank…
De Beers the jewel of Anglo American as iron-ore price drops
Other diversified mining giants have had second thoughts about diamonds, but Anglo American (US-OTC: AAUKY; LSE: AAL) never seemed in doubt about its interest in De Beers — the world’s largest diamond miner by value.