Volume 100 Number 42 Dec 1 - 7, 2014

Sealing the deal, from left: Grand Chief Matthew Coon Come, Grand Council of Crees; Chief Matthew Wapachee, Cree Nation of Nemaska; and Guy Bourassa, Nemaska Minerals president and CEO. Photo by Trish Saywell.

Cree Nation on board for Nemaska’s Whabouchi lithium mine

THE CREE NATION OF NEMASKA, QUEBEC — It took five years and more than 40 meetings, but Nemaska Lithium (TSXV: NMX; US-OTC: NMKEF) and the Cree Nation of Nemaska have signed an impact benefits agreement (IBA) that paves the way…

The Higabra Valley access tunnel at Continental Gold's Buritica gold project in Colombia. Credit: Continental Gold

Continental Gold beats the odds in Colombia

Toronto-based explorer Continental Gold (TSX: CNL; US-OTC: CGOOF) is closer to developing a commercial-scale underground gold-silver mine in northwestern Colombia, with at least one analyst cheering on the progress.

Diamonds from Dominion Diamond's Ekati mine. Credit: Dominion Diamond

Dominion Diamond hits its stride

Boding well for its upcoming quarterly financial results, Dominion Diamond’s (TSX: DDC; NYSE: DDC) third-quarter production and sales figures beat market expectations, sending its share price up $1.35, or more than 8%, to $17.73.

Cliffs’ Bloom Lake faces uncertain future

Struggling U.S.-based iron ore and coal miner Cliffs Natural Resources (NYSE: CLF) may close its Bloom Lake iron ore mine in eastern Quebec, as it bids farewell to Canada.

Workers on a jumbo in Scorpio Mining's Nuestra Senora silver-zinc-copper-lead mine in Sinaloa, Mexico.  Credit: Scorpio Mining

Scorpio and US Silver & Gold prepare to merge

VANCOUVER — Scorpio Mining (TSX: SPM; US-OTC: SMNPF) and U.S. Silver & Gold (TSX: USA; US-OTC: USGIF) plan to join their businesses in a merger of equals that could create a leading junior silver producer in the Americas.

TSX stays strong, Nov. 17-21

The S&P/TSX Composite Index gained for the sixth straight week, moving up 286.03 points to 15,111.13. The S&P/TSX Global Gold Index added 5.67 points to 153.41, while the S&P/TSX Capped Diversified Metals & Mining Index climbed…

TSX Venture gains ground, Nov. 17-21

The S&P/TSX Venture Composite closed in the green for a second week after it gained 1.6%, or 12.5 points, en route to a 789.13-point close. Gains were driven by rising precious metal futures, while the energy sectors traded relatively flat….

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