Sandstorm buys Diavik diamond mine royalty
Gold-focused royalty and streaming company Sandstorm Gold (TSX: SSL; NYSE: SAND) has branched out into diamonds.
Financial Matters, M&A
Noront goes all in on the Ring of Fire
VANCOUVER — Toronto-based junior Noront Resources (TSX: NOT; US-OTC: NOSOF) has emerged as a leader in Ontario’s controversial Ring of Fire mineral belt over the past eight years, and on March 23 the company solidified itself as the…
Red Eagle poised to build Colombia’s next gold mine
VANCOUVER — It’s been a rapid race to production for junior Red Eagle Mining (TSXV: RD; US-OTC: RDEMF) at its Santa Rosa gold project, 70 km north of Medellin, Colombia. On March 10 the company received an environmental licence for…
Allied Nevada seeks bankruptcy protection
VANCOUVER — It’s been a bleak few years for Allied Nevada Gold (TSX: ANV; US-OTC: ANVGQ) and its employees and shareholders, as falling gold prices and operational difficulties combined to put the company in dire financial straits….
Kirkland Lake Gold mounts a comeback in the Southern Abitibi
VANCOUVER — The past two years have been a story of redemption for producer Kirkland Lake Gold (TSX: KGI; US-OTC: KGILF) at its Macassa mine and South Mine Complex in the prolific the Southern Abitibi gold belt, 46 km southeast of…
Calibre gears up for a big year in Nicaragua
VANCOUVER — Explorer Calibre Mining (TSXV: CXB; US-OTC: CXBMF) is preparing for a busy field season across three gold-silver projects, and that’s become a rarity in a junior sector that’s finding it difficult to keep the…
Decline in exploration spending continued in 2014
The following is an edited excerpt from SNL Metals & Mining’s 2015 World Exploration Trends report. For more information, please visit www.snl.com.
Mick Davis’ X2poised for launch after US$5.6B raise
VANCOUVER — A dearth in the availability of traditional equity financing has led to the rise of specialist, mining-related investment funds, and another major player is taking the field. In early March, new private mining venture X2…
First Quantum slows pace at Cobre Panama
VANCOUVER — Development is continuing at First Quantum Minerals’ (TSX: FM; US-OTC: FQVLF) Cobre Panama copper-gold project in Panama, despite concerns of softer metal prices and a tightening of the company’s purse…
Chinese firm Novel to buy stake in SouthGobi
A privately held company in China called Novel Sunrise Investments will become the largest shareholder in SouthGobi Resources (TSX: SGQ; US-OTC: SGQRF; HK: 1878) after it acquires shares from Turquoise Hill Resources (TSX: TRQ; NYSE: TRQ), and…
Buyer emerges for Coalspur Mines
When The Northern Miner visited Coalspur Mines’ (TSX: CPT; ASX: CPL) Vista coal project on the eastern edge of the Rocky Mountains in late 2010, seaborne thermal coal prices were trading at US$120 per tonne.
Great Panther to snatch Cangold for $1.7M
Mexican-focused producer Great Panther Silver (TSX: GPR) is buying Cangold (TSXV: CLD; US-OTC: CGLJF) primarily to get its paws on the Guadalupe de los Reyes (GDLR) gold-silver project in Sinaloa state, in an all-share deal worth $1.7 million.