BHP scraps US$2.5B Olympic Dam expansion plan
Mining giant BHP (NYSE: BHP; LSE: BHP) has shelved a planned US$2.5 billion expansion of its Olympic Dam copper, gold and uranium mine in South Australia, after studies of the…
Gold
Kirkland Lake Gold reports ‘exceptional’ grades at Macassa
The latest drill results from Kirkland Lake Gold’s (TSX: KL; NYSE: KL) Macassa mine in Ontario include ‘exceptional’ gold grades and suggest potential for resource and reserve additions in three…
Lundin Mining to halt Candelaria after union talks fail
Lundin Mining (TSX: LUN) will suspend operations at its Candelaria copper mine in Chile after failing to reach a deal with a second union, representing about 550 workers, which will…
Kinross Gold mulls sale of Americas mines
Canadian miner Kinross Gold (TSX: K; NYSE: KGC) is said to be studying a sale of its gold mines in North and South America and moving its primary stock listing…
TSX Venture falls, Oct. 12-16
The S&P/TSX Venture Composite Index fell 0.95%, or 6.94 points, to finish the Oct. 12-16 trading week at 725.31. Spot gold dropped US$30.90 per oz., or 1.60%, to US$1,899.70 per…
US markets climb, Oct. 12-16
The Dow Jones Industrial Average rose 0.07% to finish the week at 28,606.31, and the S&P 500 climbed 0.19% to 3,483.81. Spot gold dropped US$30.90 per oz., or 1.60%, to…
TSX down, Oct. 12-16
The S&P/TSX Composite Index fell 0.75% to 16,438.75 during the Oct. 12-16 trading week. The S&P/TSX Global Mining Index declined by 1.61% to 96.52, and the S&P/TSX Global Base Metals…
Gold price range-bound near US$1900 per oz.
Gold prices steadied in a tight range around the US$1,900 level on Friday, but fading chances of a stimulus agreement before the U.S. presidential election kept bullion on track for…
Northern Vertex extends gold-silver mineralization at Moss in Arizona
Northern Vertex Mining (TSXV: NEE; US-OTC: NHVCF) has reported high-grade gold and silver drill results from a resource expansion drill program on the Ruth vein at its wholly owned Moss gold-silver…
HighGold drills Johnson Tract polymetallic project in Alaska
HighGold Mining (TSXV: HIGH; US-OTC: HGGOF) has reported additional drill results from its 15,000-metre drill program on its flagship Johnson Tract polymetallic project in southcentral Alaska, 15km west of Tuxedni Bay…
Canadian gov’t orders national security review of Shandong-TMAC deal
Months after shareholders of TMAC Resources (TSX: TMR) approved a takeover of the company by China’s Shandong Gold Mining, the federal government has ordered a national security review of the…
Endeavour Mining restarts security-challenged Boungou mine in Burkina Faso
Endeavour Mining (TSX: EDV), West Africa’s top gold producer, has resumed operations at its Boungou mine in Burkina Faso, a year after previous owner Semafo decided to shut it down…