TSX climbs, April 18–22
Canada’s benchmark index enjoyed another weekly gain, rising 236.8 points, or 1.7%, to close at 13,874 points, on the back of higher oil prices and…
News
Nevsun trumps Lundin bid for Reservoir
VANCOUVER — There had been ample speculation on when Nevsun Resources (TSX: NSU; NYSE-MKT: NSU) would mobilize its substantial capital position in the mergers and acquisitions…
US markets inch higher, April 18-22
It was a relatively quiet week on the U.S. economic front. The Dow Jones Industrial Average finished at 18,003.75, a 0.6% gain, while the S&P…
Pure Gold sees low costs at Madsen
Pure Gold Mining (TSXV: PGM; US-OTC: LRTNF) has outlined a low-cost development scenario at its Madsen gold project in Ontario’s Red Lake camp, with analysts raising…
The Northern Miner podcast – episode 9: The Far North (and far out) edition
Lesley and Matt dig into the Far North feature with discussion on Seabridge Gold (TSX: SEA; NYSE: SA) and Colorado Resources’ (TSXV: CXO) recent moves…
Newmont has profitable Q1, updates Batu Hijau’s status
VANCOUVER — Newmont Mining (NYSE: NEM) has tabled a first quarter highlighted by adjusted earnings of US34¢ per share and free cash flow of US$227 million. First-quarter…
Cameco cuts 585 jobs at Rabbit Lake, US mines
Cameco (TSX: CCO; NYSE: CCJ) is suspending uranium production at its Rabbit Lake mine in northern Saskatchewan and its two in-situ recovery (ISR) operations in…
Thomas Kaplan fund invests in Victoria Gold
Billionaire Thomas Kaplan has a thing for the Yukon. His Electrum Strategic Opportunities Fund L.P., a mining-focused private equity fund that is one of the…
SnipGold’s Iskut project attracts Seabridge
Seabridge Gold (TSX: SEA; NYSE: SA) plans to enhance its exploration potential in northwestern B.C.’s Golden Triangle by tucking in junior explorer SnipGold (TSXV: SGG)…
MAC supports carbon pricing
In April, the Mining Association of Canada (MAC) released the position paper Principles for Climate Change Policy Design. MAC’s membership includes many of Canada’s prominent…
Roxgold eyes the finish line at Yaramoko
Building a mine on time and within budget is a tough feat to pull off, but it’s something Africa-focused junior Roxgold (TSXV: ROG; US-OTC: ROGFF) is close…
Auryn touts ‘district-scale’ potential at Committee Bay
VANCOUVER — Explorers often opine on district-scale discovery potential. But when it comes to Auryn Resources (TSXV: AUG) same claim for its massive land position on the Committee…