NovaGold suspends Rock Creek production, short on cash for loan
Vancouver – The share price of NovaGold Resources (NG-T) plunged $1.48 to close at 72¢ after the company annou…
United States
Freeport axes moly jobs and production
Vancouver — With the molybdenum price crashing, Freeport-Mc- MoRan Copper & Gold (FCX-n), the world’s largest moly producer, is slashing more than a hundred moly-related jobs, cutting production …
Romarco doubles extent of North zone at Haile
Vancouver – As Romarco Minerals (R-V) progresses towards a feasibility study of the past-producing Haile gold…
Exploration adit proving its worth at Niblack
Vancouver – The first underground drilling program at Committee Bay’s (CBR-V) Niblack project on Prince on Wa…
Livengood keeps growing for International Tower Hill
Vancouver – International Tower Hill’s (ITH-V) resource expansion program at the Livengood gold project near …
Thompson Creek boasts stellar Q3
A sudden drop in molybdenum demand over the last few weeks has prompted Thompson Creek Metals (TCM-T, TC-n) to batten down the hatches.
Editorial: Moly meltdown shakes things up
The spectre of a global recession continued to grow and shape-shift during the week ended Nov. 8, the 45th trading week of 2008, laying its dead hand onto more industrial players, including automakers…
Rye Patch cuts more Nevada gold
Rye Patch Gold (RPM-V, RPMGF-o) has intersected gold mineralization in drilling on two of its Nevada projects, Wilco and Jessup.
Cliffs curtails production at two mines
Declining demand for steel has prompted major iron ore producer Cliffs Natural Resources (CLF-n) to stop production at two mines in Minnesota.
Early winter hits Teck’s Red Dog (November 10, 2008)
Teck (TCK. B-T, TCK-t) says that “adverse weather conditions” have forced it to send off its final container ship early and without a full load from its Red Dog zinc-lead mine in Alaska, easily the wo…
Long Canyon drilling delivers for Fronteer and AuEx
Vancouver — Joint-venture partners Fronteer Development Group (FRG-T, FRG-x) and AuEx Ventures (XAU-T, AUXVF-o) are hitting long gold intercepts at the Long Canyon project in Elko Cty., Nev.
Editorial: Vale goes easy on Canadian mines
The week ended Nov. 1, the 44th trading week of 2008, was characterized by some relative calm in the global financial markets after seven weeks of incredible turmoil.