Orsu Metals encounters gold in Siberia
Orsu Metals (TSXV: OSU) has identified a 200 metre-wide, steeply-dipping gold stockwork in the Klyuchi West zone at its Sergeevskoe gold project in Russia. Drill results from that zone are…
News
Editorial: Gold, copper declines start to bite
The dog days of summer are upon us in North America, and this year for the mining industry the biggest dogs are gold and copper — the two leading precious…
Gold Fields faces restructuring after losses and impairment charge
Gold Fields (NYSE: GFI) has posted an impairment charge of US$359 million in the first half of the year at its troubled South Deep mine in South Africa, which has…
TMAC posts mixed Q2 results
TMAC Resources (TSX: TMR) posted a net loss of $10.3 million (11¢ per share) in the second quarter and warned there might be a risk of breaching certain debt covenants…
American Pacific Mining drills gold in Elko
Vancouver-based American Pacific Mining (CSE: USGD; US-OTC: USGDF) has reported encouraging results from its first phase drilling program at the Turscarora gold project in Elko, Nevada. The results are highlighted…
Top 10 US-based mining companies
The Northern Miner presents its top-10 list of the largest U.S.-headquartered mining companies. 1. SOUTHERN COPPER Market cap: US$35 billion Southern Copper (NYSE: SCCO), an 88%-owned subsidiary of the conglomerate…
Osisko Mining to acquire Beaufield Resources
Osisko Mining (TSX:OSK) is stitching together a larger land package around its Windfall project in northern Quebec with its proposed $17.5 million all-share acquisition of Beaufield Resources (TSXV: BFD). Beaufield’s…
Sokoman Iron sparks gold fever in Newfoundland
VANCOUVER — Sokoman Iron (TSXV: SIC; US-OTC: GDNDF) has struck gold with the first hole in drilling at its Moosehead gold project in central Newfoundland, 20 km west of the…
Malian gov’t to double stake in B2Gold’s Fekola mine
B2Gold (TSX: BTO; NYSE-AM: BTG) is reporting the Malian government intends to buy an additional 10% stake in B2Gold’s Fekola gold mine in western Mali. Pursuant to Malian mining law,…
Top 10 US developers and explorers
The Northern Miner presents its top-10 list of the largest U.S. developers and explorers (with no production). 1. GOLD RESERVE Market cap: US$237 million Spokane-based Gold Reserve (TSXV: GRZ; US-OTC:…
Barrick and NovaGold’s Donlin project receives federal permits
The Donlin gold project — one of the largest and highest grade undeveloped open-pit gold endowments in the world — has received a record of decision and federal permits, its…
AngloGold terminates JV with Equinox
AngloGold Ashanti (NYSE: AU) has terminated the earn-in joint venture at Equinox Gold’s (TSXV: EQX; US-OTC: EQXGF) Aurizona gold mine project in northeastern Brazil. Equinox now has a 100% interest…