United States

Lundin has consolidation opportunities, Laurentian Bank says

Chris Chang of Laurentian Bank Securities has initiated coverage of Lundin Mining (TSX: LUN) with a buy rating and a target price of $5.50 per share and argues the company is well positioned to capitalize on the weak commodity price environment…


Looking northwest at the Samaniego pit at McEwen Mining's El Gallo 1 gold-silver mine in Sinaloa, Mexico. Source: McEwen Mining

McEwen Mining’s record Q2, new optimism on Argentina

Even with an after-tax, non-cash impairment charge of US$123.6 million related to the decline in metal prices and potential costs associated with a 1% tax on economically viable mineral reserves in Argentina’s Santa Cruz province, McEwen…



Thompson Creek posts solid Q2

Higher-than-expected sales and improved realized prices for molybdenum drove up Thompson Creek Metals’ (TSX: TCM; NYSE: TC) second-quarter results, and the company expects to start up its mill at Mt. Milligan any moment.


A drill rig  at Powertech Uranium's Aladdin project in northeast Wyoming (2007). Source: Powertech Uranium

Azarga takes stake in Powertech

Azarga Resources, a Hong Kong-based private uranium investment firm founded by mining executive Andrew Molyneux, has bought 17.5% of Powertech Uranium’s (TSX: PWE; US-OTC: PWURF) outstanding shares and agreed to take a 60% stake in the…





The exploration camp at International Tower Hill's Livengood project in Alaska. Source: International Tower Hill

ITH’s Livengood struggles at today’s gold price

It doesn’t look like International Tower Hill Mines’ (TSX: ITH; NYSE: THM) huge Livengood gold project in Alaska will be hosting a mine construction crew any time soon. The company has released a feasibility study…


Construction at Barrick's Cortez gold mine in Nevada. Source: Barrick Gold

Barrick takes US$8.7B impairment charge

Barrick Gold (TSX: ABX; NYSE: ABX) is writing down the value of its assets by US$8.7 billion and slashing its quarterly dividend in response to the recent decline in metal prices.  


The view from atop West Kirkland Mining's TUG gold deposit on the Utah-Nevada border. Photo by Matthew Keevil.

West Kirkland’s PEA at TUG hit by lower gold price

VANCOUVER — Nevada-focused gold explorer West Kirkland Mining (TSXV: WKM; US-OTC: WKLDF) has unveiled a preliminary economic assessment (PEA) for its TUG gold-silver deposit on the Long Canyon gold trend along the Utah-Nevada border in…


Ur-Energy shares gain momentum

Ur-Energy (TSX: URE; NYSE-Arca: URG) has seen its shares nearly double in the past year, as it gears to become the next U.S.-based uranium producer.


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