2014

Cliffs Natural Resources'  Koolyanobbing iron ore mine in Australia. Credit:  Cliffs Natural Resources

Iron ore price collapse claims more victims

Cliffs Natural Resources (NYSE: CLF) and London Mining (US-OTC: LIIGF; LSE: LOND) have become the latest casualties of falling iron ore prices, with Cliffs warning that it expects to record a US$6-billion non-cash impairment charge in the third…


TSX clings to tiny gain, Oct. 14-17

After six straight weekly declines, Canada’s main stock exchange ended the trading week in positive territory — but just barely. The S&P/TSX Composite Index rose 0.32 of a point to 14,227.68, while the S&P/TSX Capped…


Trenching at Puma Exploration's Brunswick North gold-silver-lead-zinc project in New Brunswick. Credit: Puma Exploration

Puma on the prowl near historic Brunswick mine

Shares of Puma Exploration (TSXV: PUM; US-OTC: PUXPF) traded higher after the junior announced it  has acquired a 6.5 sq. km property with a newly discovered volcanogenic massive sulphide (VMS) zone just 6 km north of the No. 12 orebody at…



Allied Nevada Gold's Hycroft gold mine, 87 km west of Winnemucca, Nevada.  Credit: Allied Nevada Gold

Allied Nevada advances US$1.4B Hycroft plan

VANCOUVER — It’s been a tough year for producer Allied Nevada Gold (TSX: ANV; NYSE-MKT: ANV) as it has moved through lower-grade areas at its flagship Hycroft mine, 87 km west of Winnemucca, Nev. The company is hoping an…


TSX Venture trends downward, Oct. 14-17

The S&P/TSX Venture Composite couldn’t break out of its funk during the shortened trading week, as it dropped 2.1%, or 17 points, en route to an 810.13-point close. Commodity futures rallied slightly, though energy prices continue to…



Drillers at an Orbis Gold drill site in Burkina Faso. Credit: Orbis Gold

Semafo amends bid for Orbis Gold

Semafo (TSX: SMF) has amended its bid for 100% of Orbis Gold (ASX: OBS) to A$0.65 per share from its proposal on Oct. 12 of between A$0.62 and A$0.65 per share in a deal now worth A$163.9 million (US$143 million).


ICSG forecasts copper surplus in 2015

After five years in a row of deficits, the copper market should show a production surplus in 2015, according to The International Copper Study Group.


Clarification

The story “Probe Mines brings ex-Barrick CEO on board” (T.N.M., Sept. 29-Oct. 5/14),  included analysis of Probe Mines’  (TSXV:PRB)Borden gold project by Mike Hocking, a mining analyst at Scotia Capital. The story…




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