Higher costs, lower silver prices drag on Hecla profit

Hecla Mining, the No 2 US silver miner by output, cut its capital spending plan for the year by 5% and said it expects metal prices to extend their decline in the second quarter. The company said first-quarter sales fell 16% to $76.5-million,...

Mine software provided for Mongolian mine engineering students

Mining technology developer Maptek reports that it has given fourth-year mine engineering students at the Mongolian University of Science and Technology (MUST) in Ulaanbaatar, Mongolia, access to opencut and underground mine design, pit...

Kinross adjusted earnings fall; production jumps

Canada's Kinross Gold reported slightly lower adjusted first quarter earnings on Tuesday as its margins slipped, even as revenue edged higher. Gold production from continuing operations rose 10$ to 648 897 oz, boosted by increases at the Tasiast...

MMG zinc output down 26% as big Century mine nears end

Chinese miner MMG Ltd said its first-quarter zinc production fell 26 percent on the previous quarter due to the advancing depletion of Australia's Century zinc mine, the world's second largest. The Century mine, which is closely watched by zinc...

Revised draft EPA report for Alaska project ‘fatally flawed’ – Northern Dynasty

Toronto- and New York-listed Northern Dynasty Minerals recently again criticised the US Environmental Protection Agency's (EPA’s) release of a revised draft of the Bristol Bay Watershed Assessment (BBWA) report originally released last spring,...

Pebble copper/gold/molybdenum project, US

The Pebble Limited Partnership has approved a budget of about $80-million to advance the Pebble project.

ITH prepared for sustained lower gold price, optimising Alaska project

Vancouver-based International Tower Hill Mines (ITH) this week said it was prepared for the potential of a continuing lower gold price. ITH said it had developed an alternate work programme under which it would continue to fund its corporate...

Pebble Partnership approves $80m to advance significant Alaska project

The Pebble Limited Partnership (PLP) has approved a budget of about $80-million to advance the world-class Pebble project, located in south-west Alaska, this year, with the goal of starting permitting under the National Environmental Policy Act...

Coeur d'Alene Mines Q1 gold production rises, silver down

Idaho-based precious metals miner Coeur d'Alene Mines on Monday said gold production for the first quarter ended March 31 had risen by 30% to 56 913 oz, mainly owing to significantly higher production from the company's Kensington mine in Alaska,...

BC Coastal First Nations air anti-oil commercial

The Coastal First Nations alliance last week aired a television commercial warning British Columbians of the dangers and costs of bringing oil tankers to British Columbia's (BC's) pristine coastal waters. The commercial opened with the original...

Kinross Gold takes multibillion-dollar net loss on mine write-down

Canadian gold miner Kinross Gold on Wednesday reported a multibillion-dollar net loss for the fourth quarter after taking a $3.2-billion impairment charge mostly related to its Tasiast mine, in Mauritania, which outweighed an increase in revenue....

Alaska’s Pebble partnership appoints VP for environment

TSX-listed Northern Dynasty Minerals on Tuesday said the Pebble Limited Partnership (PLP) had appointed Dan Easton as VP of environment to lead the Pebble copper/gold/molybdenum project's environmental programme, including permitting and...