Banks Island hits commercial production at Yellow Giant
Banks Island Gold’s (TSXV: BOZ) Yellow Giant gold-silver project is the latest mine to achieve commercial production in northwestern B.C.
News
Coeur buys Goldcorp’s Wharf mine for US$105M
VANCOUVER — U.S.-based gold and silver producer Coeur Mining (TSX: CDM; NYSE: CDE) is wading into the acquisition pool for the second time in as many months with an all-cash deal for Goldcorp’s (TSX: G; NYSE: GG) Wharf heap-leach…
Rockwell Diamonds expands footprint with new acquisition
Johannesburg-based alluvial miner Rockwell Diamonds (TSX: RDI; US-OTC: RDIAF), which owns three diamond mines near the midpoint of South Africa’s Orange River, is buying assets close to its operations that will enlarge its resource base…
Argonaut Gold advances San Agustin
Argonaut Gold (TSX: AR; US-OTC: ARNGF) bought the San Agustin project, 10 km west of its producing El Castillo open-pit mine in Durango, Mexico, for $75 million in cash and shares in December 2013, and a recent preliminary economic assessment…
Ivanhoe tables prefeasibility study on Platreef PGM project
In Ivanhoe Mines’ (TSX: IVN; US-OTC: IVPAF) first-ever conference call on its massive Platreef project in South Africa, executive chairman and company founder Robert Friedland declared that the orebody “is destined to change the…
TSX falls 2.5%, Jan. 5-9
Oil prices were down for a seventh straight week, dipping below US$50 per barrel, while Statistics Canada reported job losses for the second month in a row. The unemployment rate in December remained unchanged at 6.6%, with full-time employment…
Suppliers news: Amec Foster, Cons. Mining & Civil, DOWL, Argus
Amec Foster Wheeler to work on expanding Copler
Goldcorp gets in the Christmas spirit
General manager of Goldcorp’s Musselwhite gold mine, Bill Gascon (Santa costume), and his team spread holiday cheer in December 2014 to the five remote Northern Ontario First Nations communities of Cat Lake, North Caribou, Wunnumin,…
Stepout exploration yields riches for Richmont
In the first full week of January, Richmont Mines (TSX: RIC; NYSE: RIC) released high-grade intercepts at significant depths from stepout exploration beneath its Island gold mine in northwestern Ontario. It prompted analysts at Macquarie Bank…
Rubicon boosts grade confidence with Phoenix drill program
VANCOUVER — Shares of Rubicon Minerals (TSX: RMX; NYSE-MKT: RBY) have been on the rise since the new year, as the company advances towards production at its Phoenix gold property in Ontario’s prolific Red Lake camp.
Petaquilla could lose Molejon mine
Vancouver-based Petaquilla Minerals (TSX: PTQ; OTCBB: PTQMF), operator of the Molejon open-pit gold mine in Panama, is facing scrutiny from Canadian and Panamanian regulators, leading to a possible cancellation of its mining concession.
U.S. equities slip, Jan.5-9
The U.S. market fell during the week amid lower oil prices. The S&P 500 Index slipped 13.39 points to 2,044.81, while the Dow Jones Industrial Average fell 95.62 points to 17,737.37. The Nasdaq Composite closed down 22.74 points at…