Volume 101 Number 16 June 1 - 7, 2015

The processing plant at Imperial Metals' Red Chris copper-gold mine in northwestern British Columbia, 80 km south of Dease Lake. Credit: Imperial Metals.

Red Chris delay sends Imperial back to the market

In danger of breaking a loan covenant because of a slow ramp-up at its Red Chris copper-gold mine in northwestern B.C., Imperial Metals (TSX: III; US-OTC: IPMLF) is turning once again to its largest shareholders for financial help.

U.S. stocks end mixed, May 18-22

Wall Street closed mixed ahead of the Memorial Day holiday, as the Federal Reserve said it would likely raise interest rates this year, if the economy continued to improve. The Dow Jones Industrial Average dipped 0.2% to 18,232.02, while the…

Workers at Torex Gold's core shack at the El Limon Guajes project in Mexico. Credit: Torex Gold

Kidnappings highlight miners’ security risks

In the first four months of this year alone, kidnapping incidents have touched Torex Gold Resources (TSX: TGX; US-OTC: TORXF) and Goldcorp (TSX: G; NYSE: GG) in Mexico’s Guerrero state, and Pan African Minerals’ Tambao manganese…

Midway Gold's Pan gold mine in White Pine County, 29 km southeast of Eureka, Nevada.  Credit: Midway Gold

Midway runs into trouble at Pan mine

Midway Gold (TSX: MDW; NYSE-MKT: MDW) has hit a rough patch, less than two months after it initiated production at its Pan gold heap-leach mine in Nevada.

First Quantum Minerals' Cobre Panama copper project in Panama, 120 km west of Panama city. Credit: First Quantum Minerals

First Quantum unveils US$1.4B equity raise

First Quantum Minerals (TSX: FM; US-OTC: FQVLF) plans to raise US$1.4 billion through a public offering — increasing the company’s outstanding shares to 689 million.

Sabina Gold & Silver's Back River gold project is near Bathurst Inlet in Nunavut. Credit: Sabina Gold & Silver

Sabina focuses on optionality at Back River

A feasibility study for Sabina Gold & Silver’s (TSX: SBB; US-OTC: SGSVF) Back River gold project in Nunavut shows the project could be a large, low-cost producer that could be scaled down in order to lower capital requirements.

TSX ekes out small gain, May 19-22

Statistics Canada reported higher demand for cars, food and alcohol, which drove up retail sales 0.7% in March, after a 1.5% gain in February. Markets were closed May 18 to celebrate Victoria Day, but when they reopened, Canada’s main…

A box cut under construction for the first access declines to the planned underground copper mine at Kamoa in the Democratic Republic of the Congo. Ivanhoe Mines has sold almost half its stake in the project to Zijin Mining Group. Credit: Ivanhoe Mines

China’s Zijin Mining buys into Barrick, Ivanhoe assets

Just a week after Vale (NYSE: VALE) unveiled a memorandum of understanding with one of China’s largest commercial banks for financing arrangements worth up to US$4 billion, Zijin Mining Group of southern Fujian province has agreed to…

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