TSX inches higher while gold dips, June 11-15
Canada’s benchmark index rose 0.68% to 16,314.42 during a mixed week. The S&P/TSX Global Mining Index fell 1.9% to 75.17. The S&P/TSX Global Gold Index rose 1.3% to 191.66, while…
Glencore
South32 offers US$1.3B for Arizona Mining
After taking an initial 15% stake in junior zinc developer Arizona Mining (TSX: AZ) in April 2017 for US$81 million and boosting it to 17% over the next year for…
Connemara completes maiden zinc resource in Ireland
The Republic of Ireland is one of the largest zinc producers in Europe and its base metal deposits have drawn some of the biggest names in the mining business —…
First Cobalt to acquire US Cobalt and its Iron Creek project in Idaho
The proposed acquisition of a junior explorer with a cobalt project in Idaho will give Canada-focused First Cobalt (TSXV: FCC; US-OTC: FTSSF) a footprint in the U.S. and burnish its…
New DRC mining code upsets miners
A new mining code in the Democratic Republic of the Congo that would raise royalties on metal production and eliminate a stability clause enshrined in the previous 2002 charter that…
China’s Zhaojin becomes cornerstone investor in Sabina
One of China’s largest gold companies has invested $66 million for a 9.9% stake in Canada’s Sabina Gold & Silver (TSX: SBB), a junior that is advancing its wholly owned…
Osisko Metals consolidates Bathurst camp
In the last year, newly minted Osisko Metals (TSXV: OM; US-OTC: BWMXF) has picked up over 500 sq. km in New Brunswick’s Bathurst mining camp, the third-largest volcanogenic massive sulphide…
Falco Resources completes feasibility study on Horne 5
A new feasibility study of the Horne 5 gold project in Rouyn-Noranda, Que., estimates it could cost C$1 billion to build, Falco Resources (TSXV: FPC; US-OTC: FPRGF) says. Preproduction construction costs for…
Quebec’s Orbit Garant drills most since 2012
After a lengthy downturn across the industry, Orbit Garant Drilling (TSX: OGD) drilled more metres in fiscal 2017 than during any other year since the peak of the last cycle…
McEwen to proceed with Los Azules permitting and prefeasibility study
Reforms introduced by the Argentine government to encourage mining investment by eliminating taxes on exported mineral concentrates prompted McEwen Mining (TSX: MUX; NYSE: MUX) to revise a 2013 preliminary economic…
Puma beats staking rush in NB
Puma Exploration (TSXV: PUM) has been active in northern New Brunswick’s Bathurst mining camp for more than a decade, but stepped up its involvement last year with agreements to acquire…
TNM Data Miner: Largest global cobalt reserves in 2016
Using the IntelligenceMine database of our sister company Infomine, The Northern Miner compiled a list of the world’s five largest cobalt deposits in 2016, based on reserves. 1. Mutanda, DRC…