Roxgold awards underground mining contract
African Underground Mining Services (AUMS) has signed a four-year deal to provide a mining fleet and skilled labour for Roxgold’s (TSXV: ROG; US-OTC: ROGFF) Yaramoko gold project in Burkina Faso.
2014
Jacobs Engineering Group opens Nevada office
With an eye toward Nevada’s mining industry, professional services firm Jacobs Engineering Group (NYSE: JEC) has announced it will open an office in Elko.
Aureus Mining beats the odds in Liberia
Despite two nearly back-to-back civil wars in the 1990s that left Liberia in ruins and over a quarter of a million people dead, and now the Ebola outbreak that has killed 1,830 people in the country already this year, Aureus Mining (TSX: AUE;…
Metals, mining and money markets
Spot pricesCourtesy of ScotiabankTuesday, October 7, 2014Precious MetalsPrice…
Iamgold sells Niobec mine to ex-CEO of Barrick
Former Barrick Gold (TSX: ABX; NYSE: ABX) CEO Aaron Regent is back in action.
East Africa Metals defines Adyabo in Ethiopia
Pleased with results from recent drilling at its Adyabo gold-copper project in Ethiopia, Canaco Resources spinoff East Africa Metals (TSXV: EAM; US-OTC: EFRMF) is starting a 6,000-metre diamond-drilling program to define several mineralized…
Lundin to buy Candelaria from Freeport
VANCOUVER — Rumours had been swirling for months over Lundin Mining’s (TSX: LUN; US-OTC: LUNCF) eyeing of Freeport-McMoRan’s (NYSE: FCX) 80% stake in the Candelaria copper-mining complex in Chile’s Atacama province, and…
Amara Mining boosts Yaoure resource
Amara Mining (TSX: AMZ) has increased the gold ounces and grade at its wholly owned Yaoure project in Côte d’Ivoire based on 70 diamond drill holes and 35 reverse-circulation holes drilled so far this year.
Roxgold finances Yaramoko
Roxgold (TSXV: ROG; US-OTC: ROGFF) has de-risked its Yaramoko project in Burkina Faso with a US$75-million debt-financing package from several European banks, and a US$15-million equity investment from its underground mining contractor in…
Yamana keeps the drills close to home, as it looks for ‘higher-quality ounces’
VANCOUVER — Yamana Gold (TSX: YRI; NYSE: AUY) says the best return on its exploration capital will be realized through brownfield initiatives at its producing mines. The company is in the midst of a $75-million program to “unlock…
US stocks tumble, Sept. 29-Oct. 3
U.S. equities had a rough ride during the trading week. The Dow Jones Industrial Average fell 103 points to 17,009.69, while the S&P 500 Index lost 15 points to end at 1,967.90. The tech-heavy Nasdaq Composite Index tumbled 37 points to…
TSX down again, Sept. 29 – Oct. 3
Canada’s main stock index posted its fifth straight weekly decline despite a positive jobs report in the U.S., weighed down by concerns including whether the central government in Beijing would move against pro-democracy protesters in…