GOLD 1286.26 $/ozChange: 3.46
PLATINUM 1422.00 $/ozChange: 2.50
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EXPLORATION

Endeavour Silver continues to follow Terronera high-grade vein

TSX- and NYSE-listed Endeavour Silver on Wednesday announced that exploration drilling continued to intersect high-grade silver/gold mineralisation in the Terronera vein system, at the San Sebastián project in Jalisco State, Mexico. The...
27th August 2014
 
PEOPLE

Barrick scraps corporate development team – sources

Outgoing Barrick CEO Jamie Sokalsky Barrick Gold is eliminating its corporate development team and more cuts are in the works as the world's top gold miner looks to reduce costs, three sources familiar with the situation said on Tuesday. The sources, who asked not to be named as...
26th August 2014
 
IRON-ORE

Alderon stock trends lower after changing financing strategy

The TSX-listed stock of direct shipping iron-ore project developer Alderon Iron Ore on Thursday traded lower after the company announced late on Wednesday that lead debt financing arranger BNP Paribas had terminated its involvement, allowing the...
21st August 2014
 
M&A

Starcore to buy American Consolidated Minerals in all-scrip deal

The TSX-listed stock of precious metals producer Starcore International on Wednesday closed up 22.58% after the company announced that it would buy explorer American Consolidated Minerals in an all-scrip deal. Starcore explores, extracts and...
20th August 2014
 
GOLD

Beleaguered Veris Gold reports Q2 loss despite higher sales, revenue

Canadian gold producer Veris Gold, which is currently operating under protection of the Companies' Creditors Arrangement Act (CCAA), late on Friday reported a net loss was $8.1-million, or $0.05 a share, in the three months ended June, despite...
18th August 2014
 
COPPER

Turquoise Hill aims to end Mongolia tax dispute before deadline

Oyu Tolgoi, Mongolia Turquoise Hill Resources is working to resolve a tax dispute with the Mongolian government before an extension runs out on funding commitments for the underground expansion of its Oyu Tolgoi gold and copper mine, the company's chief executive...
13th August 2014
 
ENVIRONMENT

Massive Canada mine-waste spill casts doubt on resource projects

A massive waste spill at a gold and copper mine in British Columbia could delay, or even derail, other energy and mining projects planned in the famously "green" West Coast Canadian province. The breach of a dam holding back a huge pond of...
9th August 2014
 
CORPORATE RESPONSIBILITY

Silver Wheaton gets involved in Barrick, Primero CSR projects

The world’s largest precious metals streamlining firm Silver Wheaton this week announced that it had recently committed to provide financial support for corporate social responsibility (CSR) programmes in mining communities where Silver Wheaton...
8th August 2014
 
RARE EARTHS

Rare earths producer Molycorp's stock jumps on financing

Molycorp reported a bigger loss on Wednesday but its shares rose more than 12% in after-hours trading after the cash-strapped rare earths producer announced a long-awaited financing. Denver area-based Molycorp said it has secured a commitment for...
7th August 2014
 
PLATINUM

Diesel-like hydrogen breakthrough rekindles platinum fuel-cell excitement

A breakthrough that gives stored hydrogen diesel-like characteristics for safe and efficient long-term energy storage is rekindling excitement that the introduction of new clean energy from platinum-based hydrogen fuel cells may be close at hand....
4th August 2014
 
GOLD

Goldcorp positioned for 'prolonged' period of production growth

Canadian gold producer Goldcorp on Thursday said it was positioned for a “prolonged” period of production growth as three significant construction projects would be completed by 2015. Three new gold projects under construction underpinned...
31st July 2014
 
MINERAL EXPORTS

Newmont to use dual approach to restart Indonesia mine exports - CEO

Newmont Mining will stick to a "parallel path" of arbitration and negotiation with the government of Indonesia in an attempt to resolve an impasse over copper concentrate exports, the company's chief executive said on Wednesday. The US-based...
31st July 2014
 
 
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