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METALS STREAMING

Silver Wheaton reports weaker earnings on lower precious metals prices

The world’s largest precious metals streaming firm Silver Wheaton on Wednesday after market close reported weaker second-quarter earnings as lower precious metals prices impacted the bottom line. For the three months ended June 30, the NYSE- and...
14th August 2014
 
GOLD

Moons align for Richmont Mines as Island discovery triggers step change

Island Gold Mine, Ontario Having produced more than 1.4-million ounces from 1991, TSX- and NYSE MKT-listed Richmont Mines is undergoing a step change after discovering a 1.1-million ounce gold deposit beneath its operating Island Gold mine near Wawa, in Ontario. This new...
14th August 2014
 
CLAIMS DISPUTE

KWG subsidiary to appeal court order waiving its consent for land easement

Staked land for railway. Ontario-focused explorer KWG Resources on Wednesday announced that subsidiary Canada Chrome Corp (CCC) would seek permission from the Ontario Court of Appeal to overturn the July 30 ruling of the Divisional Court of the Ontario Superior Court of...
14th August 2014
 
GOLD

Aurico Gold Q2 earnings disappoint as high costs offset record output

Despite TSX- and NYSE-listed AuRico Gold reporting its eighth consecutive quarter of record output, the miner posted a net loss of $16.8-million, or $0.07 a share, for the three months ended June 30. This compared with a net loss of $103-million,...
8th August 2014
 
PRECIOUS METALS

Primero to expand San Dimas to 3 000 t/d, Q2 earnings disappoint

Precious Metals producer Primero on Thursday announced that it had approved the second-phase expansion of its San Dimas gold/silver mine, in Mexico, that would raise mine output to between 210 000 oz and 220 000 oz of gold equivalent in 2016. The...
7th August 2014
 
All

Bissett Creek graphite project, Canada Restricted

An updated preliminary economic study indicates that the Bissett Creek project has very attractive economics even at or below current depressed graphite price levels.
1st August 2014
 
PMG EXPLORATION

Rio and Panoramic consolidate Thunder Bay PGM exploration efforts

ASX-listed Panoramic Resources has signed a consolidation agreement with the Canadian exploration arm of mining major Rio Tinto over platinum-group metal (PGM) assets, in Ontario, Canada. The consolidation would include Panoramic’s Thunder Bay...
30th July 2014
 
SILVER

Fortune Minerals reports attractive metrics for Colorado silver mine

TSX-listed Fortune Minerals this week reported attractive financial indicators resulting from a preliminary economic assessment (PEA) undertaken on its recently acquired Revenue silver mine, in south-west Colorado. The London, Ontario-based...
25th July 2014
 
RING OF FIRE

Noront appeals Ontario Mining Recorder ruling

KWG's staked claims for a proposed railway corridor. Noront Resources, the proponent of what could possibly be one of the first projects to get off the ground in Ontario’s prospective Ring of Fire mining district, has launched an appeal to the province’s Mining and Lands Commissioner to set...
24th July 2014
 
PROJECT DEVELOPMENT

Fortune Receives final Nico water licence

The developer of the Nico gold/cobalt/bismuth/copper mine and concentrator in Canada’s Northwest Territories, Fortune Metals, on Wednesday reported that the Northwest Territories Environment and Natural Resources Minister Michael Miltenberger...
23rd July 2014
 
M&A

Chalice Gold Mines acquires Ontario’s Dubenski gold deposit

Australian gold explorer Chalice Gold Mines on Wednesday reported that it had acquired the Dubenski gold deposit, in Ontario, for C$700 000 after successfully renegotiating an existing option agreement. The TSX- and ASX-listed company said the...
23rd July 2014
 
GOLD

San Gold to add Kerr Mines to portfolio

Canadian gold producer San Gold this week signed a nonbinding letter of intent to buy TSX-listed Kerr Mines in an all-scrip deal that would see San Gold take control of the Copperstone gold mine, in Arizona. San Gold president and VP of finance...
23rd July 2014
 
 
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