Latin American Minerals dreams big in Paraguay
One of South America’s most isolated countries — ruled by a series of authoritarian governments for most of the twentieth century — has seen virtually no modern mineral exploration.
News
TSX Venture has a rough week, May 5-9
The S&P/TSX Venture Composite Index racked up a week of straight losses totalling 2.3%, or 23.4 points, before closing at 991.1. Statsistics Canada reported that the country lost 28,900 jobs in April. Meanwhile, commodity futures were…
Cliffs hit by falling prices, cold weather
A harsh winter and low iron-ore and coal prices ensured that Cliffs Natural Resources (NYSE: CLF) would disappoint on its first-quarter earnings.
TSX falls with miners and gold, May 5-9
The S&P/TSX Composite Index was down 223 points to 14,534.06 for the period, as the loonie fell on weak jobs numbers and worries that sluggish economic growth could persist.
Metals, mining and money markets
Spot pricesCourtesy of ScotiabankTuesday, May 13 2014 Precious MetalsPrice…
Fortune to buy Revenue mine in Colorado
Fortune Minerals (TSX: FT; US-OTC: FTMDF) is buying 100% of the Revenue polymetallic mine in southwestern Colorado in a staged transaction, putting it a step closer to becoming a junior producer.
Midway Gold pushing Pan towards production in Nevada
Midway Gold (TSX: MDW; NYSE-MKT: MDW) has a lot on its plate — it’s almost a wonder it finds the time to release its first-quarter financials.
Meadowbank improvements lift Agnico’s profits
Agnico Eagle Mines (TSX: AEM; NYSE: AEM) wrapped up a strong first quarter, with profits of US$109 million, ahead of the US$24 million earned in the same period last year.
Goro suspension pushes rising nickel price to two-year high
VANCOUVER — With nickel prices up almost 40% so far in 2014, a suspension at Vale’s (NYSE: VALE) Goro nickel–laterite mine in New Caledonia has pushed the price to a two-year high.
Low costs at Tenke Fungurume bolster Lundin
Lundin Mining (TSX: LUN; US-OTC: LUNMF) continues to be a market darling, largely because of its position in the world-class Tenke Fungurume copper mine in the Democratic Republic of the Congo.
Mongolian gov’t looks to end dispute with miners
VANCOUVER — Reports have surfaced that discussions within the Mongolian parliament may end a stalemate between the central government and international mining companies active in the country.
Klondex outlines low capex mine at Fire Creek
VANCOUVER — For a capital investment of US$50 million, Klondex Mines (TSX: KDX) could turn its Fire Creek project into an underground mine churning out 56,000 oz. gold annually at an all-in cost of US$636 per oz., according to…