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Osisko Gold Royalties buys into NioGold for C$4.9m

The TSX-V-listed stock of junior exploration firm NioGold Mining on Friday soared by as much as two-thirds after announcing a C$4.9-million private-placement financing with Osisko Gold Royalties. Vancouver-based NioGold said Osisko would buy...
25th July 2014

Teck Resources' profit falls as coal prices remain weak

Canadian diversified miner Teck Resources reported a 44% drop in quarterly earnings, mainly due to "significantly" lower coal prices. Teck said coal prices fell to $111/t in the second quarter from $156/t a year earlier. The company said it sold...
24th July 2014

Freegold Ventures to apply ounce-finding aptitude to new Alaska project

Alaska-focused Freegold Ventures on Thursday announced that it had acquired the Shorty Creek copper/gold porphyry target, located about 100 km north-west of Fairbanks, Alaska, where it would apply its ounce-finding prowess over the next decade....
17th July 2014

Lucara reports $40m from the year’s 2nd large-stone tender

Canadian precious gem producer Lucara Diamond Corp on Wednesday said its second exceptional stone tender for the year had raked in $40.12-million. The Vancouver-based miner, which mines for diamonds at the flagship Karowe mine, in Botswana, sold...
16th July 2014

On back of Midas acquisition, Klondex sharply lifts Q2 output

Nevada-focused narrow-vein gold miner Klondex Mines on Wednesday for the second quarter reported a sharp sequential rise in gold output, as it accounted for the first full quarter of production from the Midas gold mine it acquired in February....
16th July 2014

Mercator in danger of failing with no extension to deal deadline

Mineral Park, Arizona Vancouver-based base metals miner Mercator Minerals is in danger of failing as a going concern after this week reporting that diversified Russian mineral resources company Intergeo did not expect to further extend a business combination deal...
16th July 2014

Barrick does not plan to appoint new CEO, chairperson Thornton says

Barrick Gold Corporation chairperson John Thornton (R) speaks during a news conference as Barrick founder and ex-chairperson Peter Munk (L) looks on in Toronto Barrick Gold has no plans to appoint a new chief executive, its chairperson John Thornton said on Wednesday after the world's biggest gold producer announced that CEO Jamie Sokalsky would step down in September. Thornton told Reuters in an...
16th July 2014
Mining Personality

Richard Whittall

Position: President and CEO of Newstrike Capital Inc Main Activity of the Company: Precious Metals Exploration in Mexico Date and Place of Birth: January 13, 1959 – Vancouver, B.C. Canada Education: BA (UBC) MA (Cambridge) First Job: Mail...
11th July 2014

Fortuna Silver Mines’ Q2 output in line with expectations

TSX- and NYSE-listed Fortuna Mines on Thursday said it had lifted its total second-quarter silver output by 52% year-on-year, while gold output rose 64%. Vancouver-based Fortuna, which owns and operates the San Jose mine, in Mexico, and the...
10th July 2014

Capstone Mining posts strong H1 output

Copper producer Capstone Mining on Thursday reported strong results for the second quarter and six months ended June, as all three of its North American mines were firing on all cylinders. The TSX-listed miner reported concentrate and cathode...
10th July 2014

Copper Mountain reports record Q2 output

The TSX-listed stock of Copper Mountain Mining was on Wednesday trading higher after the company reported record second-quarter output from its eponymous mine in British Columbia. For the three months ended June, the Vancouver-headquartered miner,...
9th July 2014

Taseko lifts Q2 base metals output, optimistic after New Prosperity ruling

Base metals producer Taseko Mines this week reported that it had lifted copper output by 37% year-on-year and doubled molybdenum output during the three months ended June from its flagship 75%-owned Gibraltar mine, in British Columbia. The...
8th July 2014
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