News

TSX surges, June 2-6

The Toronto stock market had a strong run during the trading week, with the S&P/TSX Composite Index gaining 234.74 points to 14,838.90, as investors digested the positive U.S. employment data while shrugging off the lacklustre Canadian jobs…


An aerial view of Total's Joslyn North Mine oilsands project in Alberta. Credit: Total E&P Canada

Total suspends $11B Joslyn oilsands project

In November 2013, Total E&P Canada submitted applications to the relevant regulatory agencies in Alberta to increase the mine pit size and boost production capacity to 157,000 barrels a day at its Joslyn North mine project, 65 km northwest…



Roughrider rises again

VANCOUVER — “We were shocked the land was available,” says Dale Wallster, a director of Kivalliq Energy (TSXV: KIV), in an interview. “So we staked it — but when you stake land in Saskatchewan, other interested…


The crushing facility at Sierra Metals' Yauricocha mine in Peru.

Sierra Metals unleashes Yauricocha’s full potential

LIMA, PERU — Sierra Metals (TSX: SMT; BVL: SMT) is proving up the underground potential of its Yauricocha silver–lead–copper–zinc–gold mine in west-central Peru. The low-cost underground mine is the company’s…


Trevali Mining's Santander zinc-lead-silver mine in Peru, 200 km northeast of Lima.  Credit: Trevali Mining

Trevali finds two new zones at Santander

Shares in Trevali Mining (TSX: TV; US-OTC: TREVF) got a little boost after the Vancouver-based firm reported two new zones of high-grade polymetallic mineralization at its Santander zinc–lead–silver underground mine in Peru.


Workers at a drill site at GoldQuest Mining's Romero gold-copper project in the Dominican Republic. Credit: Gold Quest Mining

GoldQuest’s PEA on Romero a ‘good start’

GoldQuest Mining (TSXV: GQC; US-OTC: GDQMF) has tabled a positive preliminary economic assessment (PEA) for its flagship project, consisting of the Romero and Romero South gold–copper deposits, two years after discovering the main deposit…


Cameco puts Millennium on ice

Poor economic conditions in world uranium markets are forcing many uranium companies to postpone projects or scale back operations.



The Cerro Pelon deposit, 3 km from Alamos Gold's Mulatos gold mine in northwestern Mexico's Sonora state. Credit: Alamos Gold

Alamos adding Cerro Pelon and La Yaqui to the mix

Alamos Gold (TSX: AGI; NYSE: AGI) has scored a major victory at its Mulatos gold mine operation in Mexico with the acquisition of surface rights for two satellite gold deposits that could add low-cost production growth as early as 2016.


Calibre Mining president and CEO Greg Smith (left) and senior geologist Marc Cianci at the Eastern Borosi gold-silver project in northeast Nicaragua. Credit: Calibre Mining

Iamgold becomes Calibre’s third partner in Nicaragua

Calibre Mining (TSXV: CXB; US-OTC: CXBMF) saw its shares surge 43% after reporting that Iamgold (TSX: IMG; NYSE: IAG) had signed an option to spend US$10.9 million to earn up to 70% of the junior’s Eastern Borosi gold–silver project…


Midway expands Gold Rock resource

Midway Gold (TSX: MDW; NYSE: MDW) may be in the thick of building its first gold mine at the Pan project in Nevada — with the first gold pour expected in the fourth quarter — but that hasn’t stopped the junior developer from…


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