Cash preservation is the name of the game at Alderon
With iron ore prices off 49% year-on-year at US$71 per tonne, Alderon Iron Ore (TSX: ADV; NYSE-MKT: AXX) says it has no choice but to start a “comprehensive” cash preservation program.
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Despite exceptional stone tenders, Lucara takes conservative stance at Karowe
VANCOUVER — It’s been a two-year run for producer Lucara Diamond (TSX: LUC; US-OTC: LUCRF) at its Karowe mine in Botswana, and the company isn’t showing any signs of slowing down. On Dec. 9 Lucara released its operating…
Editorial: Dick Pearce (1921-2014)
We bid a sad farewell this week to Dick Pearce, former owner of The Northern Miner, who died on Dec. 7 at age 93 (see his obituary as an attached pdf document, as it appears on Page 3 of our Dec. 15 issue). In this age…
China’s biggest gold miner invests $81M in Pretium
While it won’t come close to covering the entire $747-million price tag to build the Brucejack gold mine in northwestern B.C., an $81-million strategic investment by China’s Zijin Mining in project owner Pretium Resources (TSX: PVG;…
Rubicon, Wabauskang First Nation reach settlement at Phoenix
As it nears first production at its Phoenix gold mine, in Red Lake, Ont., Rubicon Minerals (TSX: RMX; NYSE-MKT: RBY) has gained the support of a small First Nation band that has argued that its treaty rights to be consulted about the…
Freeport-McMoRan rejigs property portfolio as oil prices sink
VANCOUVER — It’s been a year of change for miner Freeport-McMoRan (NYSE: FCX) that has included a portfolio shuffle and renewed focus on a strong balance sheet and dividends. The company remains a big player in the…
Vale may sell part of its base metals division
After paying almost US$20 billion for Inco in 2006, Vale (NYSE: VALE) says it may sell part of its base metals division to unlock value.
TSX dragged lower by energy, jobs data, Dec. 1-5
Weaker-than-expected employment numbers showing Canada lost 10,700 jobs in November — which pushed up the unemployment rate to 6.6% from October’s 6.5% — along with disappointing earnings from the big banks and energy stocks…
African Barrick changes name to Acacia, gets busy in Burkina Faso, Tanzania
African Barrick Gold — now called Acacia Mining (LSE: ACA) — has signed an earn-in agreement with Sarama Resources (TSXV: SWA) on its South Houndé project in Burkina Faso and approved an underground mining…
African Gold Group touts low costs for Kobada in Mali
Free-digging saprolite and favourable metallurgy at African Gold Group’s (TSXV: AGG; US-OTC: AGGFF) Kobada open-pit gold project in Mali will help keep a lid on costs, according to an updated preliminary economic assessment, which…
US stock indexes post seventh week of gains, Dec. 1-5
Falling prices for crude oil weighed on energy stocks, but a surprisingly strong jobs report buoyed the Dow Jones Industrial Average and the S&P 500 Index, which posted their seventh weekly advance. November payrolls rose by 321,000 in the…
Chesapeake a good target for Goldcorp: Hallgarten’s Ecclestone
When Christopher Ecclestone says Chesapeake Gold (TSX: CKG; US-OTC: CHPGF) “looks like the turkey all dressed up for Thanksgiving,” readers of his latest research note might want to take his description with a pinch of salt.