Questions, but no answers (yet)
These are interesting times for an industry that is still recovering from the Great Recession. BHP Billiton and Rio Tinto announced in recent months that they’re looking to leave the…
Canada
Diamonds: as good as gold for investors?
The financial crisis of 2008 was the first time that many investors experienced first-hand the worst-case scenarios of investing. In response to that frightening experience, and the ongoing global financial…
Peregrine ready to dance with a new partner at Chidliak
When Peregrine Diamonds (PGD-T) lost BHP Billiton (BHP-N, BLT-L) as a 51% partner at Chidliak late last year, it didn’t look good for the junior. BHP’s withdrawal from the project…
Mountain Province Diamonds raising $47M for Gahcho Kué
To pay its share of initial capital costs at the $550-million Gahcho Kué diamond project, in the Northwest Territories, Mountain Province Diamonds (MPV-T, MDM-X) is planning a $47-million rights issue….
Goldcorp’s growth profile could eclipse Red Lake fumble
VANCOUVER — Vancouver-based major Goldcorp Inc. (G-T, GG-N) stumbled out of the gate to start the year, as adverse-ground conditions and grade variability at its flagship Red Lake gold mine 230-km-northwest of Dryden, On….
Venture returns to gains in April 23-27 period
VANCOUVER — The final week of April brought a hint of relief to the S&P TSX Venture Composite Index with a 14.81-point climb to 1,412.76 points after three weeks of significant losses. The slight turnaround came after the index hit a…
First Nickel aims to use revived Lockerby mine as a launching pad
It’s been a long haul for Toronto-based developer First Nickel (FNI-T) as it strives to revive commercial production at its Lockerby nickel-copper mine outside of Sudbury, Ont.
Correction
The article “Augusta moves Rosemont forward” (TNM, April 23–29/12) incorrectly stated that Goldman Sachs owns 9.28% of Augusta. In fact, Goodman and Company owns 9% of the company.
Pretium sees greater high-grade potential at Brucejack
Pretium Resources (PVG-T, PVG-N) has added almost 9 million oz. gold to its high-grade Brucejack resource without any extra information.
Mitsubishi takes stake in Marathon PGM project
Japan’s Mitsubishi will invest US$94.9 million for a 25% stake in Stillwater Mining’s (SWC.U-T, SWC-N) Marathon project, a platinum group metal (PGM) and copper deposit near the north shore of Lake Superior, 10 km north of the town…
Richmont drops on Wasamac’s PEA
Richmont Mines (RIC-T, RIC-X) saw it shares tumble after publishing a preliminary economic assessment (PEA) for its Wasamac gold project in Rouyn-Noranda, Que.
Xstrata Coal seeks buyer for Donkin stake
Joining a growing list of mining companies that are reassessing their business strategies and core assets, Xstrata Coal, a subsidiary of diversified miner Xstrata (XTA-L, XSRAF-O), says it is looking to sell its 75% stake in the Donkin coal…