Guyana Goldfields nears production at Aurora
Guyana Goldfields (TSX: GUY) is gearing up for production at its Aurora gold mine in Guyana this August, which will make it the newest gold producer in the South American nation.
2015
Wall Street tumbles, July 20-24
Weak corporate earnings and lower prices for commodities pushed down all three major U.S. indexes. The S&P 500 Index fell 2.2% to close at 2,079.65. The Dow Jones Industrial Average lost 2.9% to finish at 17,568.53, while the Nasdaq dropped…
NWT’s Ramsay stays upbeat as Canada’s energy and mine ministers meet
VANCOUVER — On July 20 Canadian federal, provincial and territorial energy and mines ministers gathered in Halifax, N.S., for the 72nd annual Energy and Mines Ministers’ Conference. The event comes at a time that the mining…
‘Smart money’ still in gold, Red Eagle CEO says
VANCOUVER — Red Eagle Mining (TSXV: RD; US-OTC: RDEMF) looks poised to pour its first gold in 2016 following a $19-million private placement that CEO Ian Slater calls one of the “toughest” he’s ever done.
Correction
In the story “Taranis hopes to take Thor to the max” (T.N.M., July 20–26/15), FortyTwo Metals — a subsidary of Roca Mines — had its debt incorrectly stated as $200 million, when in fact it is estimated…
Vale, partners to study mental health in mining
Mining giant Vale has partnered with Laurentian University and the United Steelworkers (USW) to conduct a $400,000, three-year research project focused on the mental health of miners.
Silver Institute: Demand perks up in first half 2015
The following is an edited version of a report by The Silver Institute. For more information please visit www.silverinstitute.org
TSX Venture falls below 600, July 20-24
The S&P/TSX Venture Composite Index declined for a fifth week, closing down 5.8% — or 36.3 points to 592.48 points — while markets weathered declining commodity prices.
Editorial: Commodities rout tests miners’ pain threshold
July has been such a brutal month for commodities producers that even last year’s prices are looking pretty good now. The rout in commodities prices in recent weeks has been unrelenting, wide-ranging and driven by macroeconomic factors…
Teck chugs along, amid plunging coal prices
Teck Resources (TSX: TCK.B and NYSE: TCK) has posted decent second quarter results. But analysts remain cautious about the diversified miner’s path forward, amid weakening coal markets.
Calibre makes progress in Nicaragua
By trish Saywell
Gold price fall may trigger another round of writedowns
Data recently published by Wood Mackenzie illustrates that at US$1,100 per oz. gold, about 10% of current gold mine production is uneconomic on a total cash cost plus sustaining capex basis.