Rio Tinto green-lights A-21 pipe at Diavik
Rio Tinto (NYSE: RIO; LSE: RIO) has approved the development of a US$350-million A-21 kimberlite pipe at its 60%-owned Diavik mine, 300 km northeast of Yellowknife.
Canada
TSX Venture loses ground, Nov. 24-28
After a two-week rally, the S&P/TSX Venture Composite index plunged 6%, or 47.26 points over the trading period, en route to a 741.87-point close. Losses were largely driven by a sell-off in energy stocks, as crude oil spot prices and…
Goldspike drills high-grade zinc at Lone Mountain in Nevada
Bruce Durham initially set up Goldspike Exploration (TSXV: GSE) to focus on early stage projects in the Yukon’s White Gold district, and the company went public in August 2011.
Eastmain teams with Darnley Bay at Lac Lessard
Last year Eastmain Resources (TSX: ER; US-OTC: EANRF) surveyed its wholly owned Lac Lessard property in the James Bay region of northern Quebec using a combined airborne magnetic and electromagnetic VTEM system that identified 10 highly…
Visible Gold follows the yellow brick road
Sometimes the cleverest path is to follow someone else’s road.
Fission’s McElroy discusses 2014 progress at PLS
VANCOUVER — Explorer Fission Uranium (TSX: FCU; US-OTC: FCUUF) has been one of the few juniors that has kept a steady drilling rate over the past two years despite tough capital markets. The company’s Patterson Lake South (PLS)…
Trevali finds more mineralization at Stratmat
Trevali Mining (TSX: TV; US-OTC: TREVF) has found a mineralized body outside of the 2009 resource at its Stratmat zinc-lead-silver-copper-gold project in New Brunswick.
Copper miners hold up under BMO forecast
Copper prices have dipped below US$3 per lb. several times this year — in March, briefly in October, and then in November — for the first time since mid-2010.
Cree Nation on board for Nemaska’s Whabouchi lithium mine
THE CREE NATION OF NEMASKA, QUEBEC — It took five years and more than 40 meetings, but Nemaska Lithium (TSXV: NMX; US-OTC: NMKEF) and the Cree Nation of Nemaska have signed an impact benefits agreement (IBA) that paves the way…
Canadian gov’t bankrolls Women in Mining initiative
Status of Women Canada has pledged $250,000 to fund a new project designed to get more women employed in the mining industry.
Iamgold tackles costs, cuts 45 head office jobs
Iamgold (TSX: IMG; NYSE: IAG) is trimming the fat on its balance sheet, with hopes of returning to a cash flow positive position next year.
Imperial balances start-up and cleanup
Imperial Metals (TSX: III; US-OTC: IPMLF) has estimated cleanup costs related to the early August tailings dam failure at its Mount Polley mine at $67.4 million — less than many analysts had expected.