Alexco receives amended water-use licence for Yukon mines

Vancouver-based Alexco Resource Corp on Monday said it had received a water-use licence amendment from the Yukon Water Board, which allowed the company to process mill feed from its Onek and Lucky Queen mines, in the Keno Hill silver district, in...

Construction proceeding apace at Trevali’s Peruvian Santander project

The construction and initial commissioning of TSX-listed Trevali Mining’s Santander zinc/lead/silver mine, in west-central Peru, was proceeding apace after the delays encountered in April. Vancouver-based Trevali last month reported that the...

Copper Mountain production grinds to halt on transformer failure

Vancouver-based Copper Mountain Mining on Thursday said production had ground to a halt after one of two transformers powering the motors of the semi-autogenous grinding (SAG) mill failed. Copper Mountain said it expected production to restart on...

First Majestic Silver cuts capital spending as silver price freefalls

Mexico-focused miner First Majestic Silver has cut its capital budget by 18% as a result of the drop in the silver price, adding it could revise its capital budget again later this year should the price continue to slide. On Wednesday, spot...

Eastplats reports quarterly loss as production winds down

South Africa-focused platinum miner Eastern Platinum (Eastplats) reported another first-quarter net loss as platinum group metals (PGMs) output fell by more than half, owing to the company winding down operations in an effort to weather the...

SouthGobi reports minimal Q1 revenue, production restarts

Mongolia-focused SouthGobi Resources on Monday reported minimal revenue of $3.3-million for the first quarter ended March 31, as most of its operations were shuttered during the period. Operations at its flagship Ovoot Tolgoi mine restarted in...

Eldorado swings to loss on Greek tax adjustment

New York- and Toronto-listed midtier miner Eldorado Gold this week reported a net loss of $45.4-million or $0.06 a share for the first quarter ended March 31, compared with profit of $67.9-million or $0.11 a share in the same quarter of 2012, as a...

South American Silver files proceedings against Bolivia government

Vancouver-based South American Silver (SAS) this week filed international arbitration proceedings against the Bolivian government after the company’s subsidiaries lost mineral tenements in that country in 2012. SAS said the international...

Endako mine, Canada

A molybdenum mine situated in Canada.

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...

Nevsun Q1 production in line with guidance

Vancouver-based gold miner Nevsun Resources on Tuesday said the 42 000 oz of gold it had produced at its flagship Bisha mine, in Eritrea, was in line with expectations as it was preparing to switch from processing gold-bearing oxides to copper ore...