Volume 100 Number 29 Sep 1 - 7, 2014

Eagle Mountain geologists working on core from the 2011-2012 drilling campaign. Credit: Goldsource Mines

Goldsource keeping it simple with Eagle Mountain PEA

VANCOUVER — When Goldsource Mines (TSXV: GXS; US-OTC: GXSFF) picked up the Eagle Mountain gold property in Guyana in May, chief operating officer Eric Fier and CEO Scott Drever highlighted that the project’s saprolite…

Ousted Cliffs CEO to receive US$11M payment

Struggling iron ore and coal miner Cliffs Natural Resources (NYSE: CLF) will have to make close to $28 million in severance payments to executives and other key staff that have been turfed following a proxy battle.

A closeup of the terrain at Roxgold's Yaramoko gold project in Burkina Faso. Credit: Roxgold

All systems go for Roxgold’s Yaramoko mine

It took just three months for authorities in Burkina Faso to approve the environmental and social impact assessment Roxgold (TSX: ROG; US-OTC: ROG) submitted for its Yaramoko gold project in the country’s Houndé greenstone belt,…

A worker handles drill rods at Duluth Metals and Antofagasta's Twin Metals copper-nickel-PGM project in Minnesota. Credit: Duluth Metals

Price tag for Duluth’s Twin Metals nears US$3B

The release of a prefeasibility study estimating that its Twin Metals copper-nickel-platinum group metals joint-venture project would cost US$2.8 billion to build sent Duluth Metals (TSX: DM; USOTC: DULMF) shares tumbling by more than 25%.

Banro's Twangiza gold mine in the Democratic Republic of the Congo. Credit: Banro

Banro finds ‘relief’ in new financing plan

Banro (TSX: BAA; NYSE-MKT: BAA) has crafted a large financing plan to improve its liquidity and ability to bring Namoya, its second gold mine in the Democratic Republic of the Congo (DRC), to full production. The plan includes a US$35.5…

A drill rig in 2006 at the Hatu gold project in China's Xinjiang province. Credit: Dynasty Gold

Dynasty Gold fights to retain assets in China

Vancouver-based Dynasty Gold (TSXV: DYG) was one of the first Canadian juniors to explore for gold in China. It entered into a cooperative joint-venture in December 2003 with a Chinese state-owned enterprise to explore for gold…

US stocks advance, Aug. 18-22

U.S. equities had a strong run during the Aug. 18–22 week. The Dow Jones Industrial Average jumped 338 points to 17,001.22. The S&P 500 Index rose 33 points to 1,988.40, while the tech-heavy Nasdaq Composite Index climbed 74 points to…

TSX posts small increase, Aug. 18-22

The S&P/TSX Composite Index rose 1.51% to 15,535.55 while the S&P/TSX Capped Metals & Mining Index advanced 0.63% to 890.66. The S&P/TSX Global Gold Index fell 2.76% to 198.41 and the gold spot price fell 1.8% or US$23.70 per…

TSX Venture bounces back, Aug. 18-22

VANCOUVER — The S&P/TSX Venture Composite returned to the black after three consecutive weeks in the red during the Aug. 18-22 trading period, as it gained 9.7 points to 1,005.58. Precious metal and energy futures retreated during the…

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