Volume 100 Number 14 May 19 - 25, 2014

Low costs at Tenke Fungurume bolster Lundin

Lundin Mining (TSX: LUN; US-OTC: LUNMF) continues to be a market darling, largely because of its position in the world-class Tenke Fungurume copper mine in the Democratic Republic of the Congo.

The Bokan peak at Ucore Rare Metals' Bokan-Dotson Ridge rare earth element project on Alaska's Prince of Wales Island. Credit: Ucore Rare Metals

Ucore scores major victory in Alaska

The Alaska State Legislature has unanimously passed a bill that authorizes the Alaska Industrial Development and Export Authority (AIDEA) to issue bonds of up to US$145 million to finance some of the infrastructure costs of Ucore Rare…

Ximen sizes up gold, silver potential in southern BC

VANCOUVER — It’s early days for the team at Ximen Mining (TSXV: XIM; US-OTC: XXMMF), but president and CEO Christopher Anderson has big plans for its historic gold and silver projects in southern B.C. Ximen has locked down a pair of…

Klondex Mines' Fire Creek gold project near Elko, Nevada. Credit: Klondex Mines

Klondex outlines low capex mine at Fire Creek

VANCOUVER — For a capital investment of US$50 million,  Klondex Mines (TSX: KDX) could turn its Fire Creek project into an underground mine churning out 56,000 oz. gold annually at an all-in cost of US$636 per oz., according to…

A mixed bag for U.S. equities, May 5-9

The Dow Jones Industrial Average ended the week 0.43% higher at 16,583.34, on the back of remarks by U.S. Federal Reserve Chair Janet Yellen that the U.S. economy needs support, and that the central bank would keep monetary policy…

TSX Venture has a rough week, May 5-9

The S&P/TSX Venture Composite Index racked up a week of straight losses totalling 2.3%, or 23.4 points, before closing at 991.1. Statsistics Canada reported that the country lost 28,900 jobs in April. Meanwhile, commodity futures were…

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