Before listing on the Canadian Securities Exchange in June, the small corporate team at GoviEx Uranium (CSE: GXU) raised over $100 million privately to advance their Madaouela uranium project in Niger.
VANCOUVER — Rough commodity markets are forcing miners to make tough decisions, and Colorado-based Thompson Creek Metals (TSX: TCM; NYSE: TC) is the most recent operator driven to place a struggling asset on temporary care and maintenance…
The S&P/TSX Venture Composite Index finished in the red after losing 6.9%, or 48.21 points, en route to a 653.78-point weekly close. Energy stocks floundered during a freefall in crude oil prices, as the International Energy Agency slashed…
VANCOUVER — It’s all about boosting near-term liquidity for silver producer Aurcana (TSXV: AUN; US-OTC: AUNFF) as it grapples with a high debt load and falling metal prices. On Dec. 1 the company released its…
Thermal coal prices recently touched a five-and-a-half-year low of US$62.25 per tonne, and the market has seen several mining companies announce plans to sell coal assets or take on partners to weather the downturn.
Canada’s benchmark index fell during the trading week as investors fretted over plunging oil prices and weaker-than-expected economic data from China. The S&P/TSX Composite Index lost 742.65 points, or 5%, to end at 13,731.05. The…
VANCOUVER — It’s been a long journey for Asian Mineral Resources (TSXV: ASN; US-OTC: AIERF) at its Ban Phuc nickel-sulphide project, 160 km west of Hanoi in Vietnam’s Son La province, but the company’s patience is about…
One recent resource development story in B.C. shows how the ground rules for project developers are changing forever in the province after the Supreme Court of Canada’s precedent-setting Tsilhqot’in decision in June and Imperial…
VANCOUVER — Cost optimization has been an underlying theme for gold miners over the past few years. Falling metal prices and frugal capital markets have made it hard to balance sustainable production growth and strong profit margins. In…
With iron ore prices off 49% year-on-year at US$71 per tonne, Alderon Iron Ore (TSX: ADV; NYSE-MKT: AXX) says it has no choice but to start a “comprehensive” cash preservation program.
VANCOUVER — It’s been a two-year run for producer Lucara Diamond (TSX: LUC; US-OTC: LUCRF) at its Karowe mine in Botswana, and the company isn’t showing any signs of slowing down. On Dec. 9 Lucara released its operating…
As it nears first production at its Phoenix gold mine, in Red Lake, Ont., Rubicon Minerals (TSX: RMX; NYSE-MKT: RBY) has gained the support of a small First Nation band that has argued that its treaty rights to be consulted about the…
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