Volume 100 Number 41 Nov 24 - 30, 2014

A truck at Teck Resources Fording River metallurgical coal project in southeastern B.C. Credit: Teck Resources

Met coal producers prepare for long price weakness

The benchmark price for metallurgical coal has dropped to a multi-year low of US$119 per tonne, and Moody’s Investors Service doesn’t see much relief for met coal producers until the second half of 2016. In the meantime, it warns,…

Jeffrey Christian, managing partner of the CPM Group.

CPM Group’s Jeffrey Christian on gold’s future

Jeffrey Christian, managing director of the CPM Group, a New York-based research consulting firm, took time out to talk to The Northern Miner about the gold price and the state of the gold mining sector.

The historic MacLellan headframe at Carlisle Goldfields' Lynn Lake gold project in Manitoba.  Credit: Carlisle Goldfields

Two suitors court Carlisle

Just two days after the ink dried on a binding joint-venture agreement between Canadian gold miner AuRico Gold (TSX: AUQ; NYSE: AUQ; CGJ) and Carlisle Goldfields (TSX: CGJ; US-OTC: CGJCF) on the junior’s Lynn Lake project in Manitoba,…

At Pure Gold Mining's historic Madsen gold property in northwestern Ontario, from left: Darin Labrenz, president and CEO; Blaine Monaghan, director of investor relations; Phil Smerchanski, director of geoscience; Sean Tetzlaff, CFO; Lenard Boggio, director; and Darren O'Brien, vice-president of exploration.  Photo by Matthew Keevil.

Pure Gold joins Red Lake’s ‘exploration renaissance’

RED LAKE, ONTARIO — For the management team at newly minted Pure Gold Mining (TSXV: PGM; US-OTC: LRTNF), picking up the past-producing Madsen gold project marked a return to a gold camp that has played a formative role in their…

Trucks hauling material at Thompson Creek Metals' Mt. Milligan copper-gold mine in northern B.C. Photo by The Northern Miner

Thompson Creek piles up cash in Q3

Thompson Creek Metals (TSX: TCM; NYSE: TC) is improving its operations and balance sheet, despite ending the third quarter in the red.

Drill core from Foran Mining's flagship McIlvenna Bay polymetallic project.  Credit: Foran Mining

Foran’s positive PEA at McIlvenna Bay

Foran Mining (TSXV: FOM) has touched a milestone at its flagship McIlvenna Bay project in east-central Saskatchewan, with the completion of a promising preliminary economic assessment (PEA) on the zinc-copper-gold-silver volcanogenic massive…

TSX Venture rebounds, Nov. 10-14

The S&P/TSX Venture Composite Index squeaked out a gain due to a late-week surge during the trading period, closing up 6.37 points at 776.63 points. Gains were underpinned by stronger metal futures despite China’s slower industrial…

TSX posts gains, Nov. 10-14

The S&P/TSX Composite Index posted its fifth straight week of gains, buoyed in part by strong economic data showing manufacturing sales in Canada climbed 2.1% to $53 billion in September, compared with a 3.5% drop in August. The S&P/TSX…

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