Volume 101 Number 45 Dec 21 - 27, 2015

Northquest CEO Jon North (second from left) with colleagues at the Pistol Bay gold project, near the town of Whale Cove in eastern Nunavut. Credit: Northquest

Nordgold raises stake in Northquest

As Canadian mining companies look inward, licking their wounds from the prolonged rout in commodity markets, a Russian gold producer with nine operating mines and heaps of cash has exercised warrants above market price to take a majority stake…

Processing facilities at Anglo American's Los Bronces copper mine in Chile. Credit: Anglo American

Anglo American’s radical rethink

VANCOUVER — Anglo American (US-OTC: AAUKY; LSE: AAL) intends to shrink the number of its employees by 63%, suspend its dividend, and close, sell or mothball its cash-flow negative assets to adapt to deteriorating market conditions.

TSX dips below 13,000 mark, Dec. 4-10

Tumbling oil prices sent the energy-heavy S&P/TSX Composite Index below 13,000 for the first time since 2013, before finishing at 13,016.59, down 2.3%. Brent crude closed at US$39.73 per barrel on Dec. 10 — less than half of the…

The concentrator building at the now-shuttered Bloom Lake iron ore mine, photographed in 2010 when it was in operation. Credit: Consolidated Thompson Iron Mines

Champion Iron buys Bloom Lake for $10.5M

Champion Iron (TSX: CIA; ASX: CIA) is taking advantage of the commodities crash to snatch the shuttered Bloom Lake iron ore mine in the Labrador Trough for a fraction of its previous purchase price.

Drillers at work during Pilot Gold's 2015 drilling campaign in the historic Hamburg Pit area at the Goldstrike gold project, 56 km northwest of St. George, Utah. Credit: Pilot Gold

Pilot rediscovers a Carlin-style gold trend in Utah

It’s not every day that a junior exploration company takes a step outside the well-trodden Carlin and Cortez districts of Nevada to look for Carlin-style gold deposits, but Pilot Gold (TSX: PLG; US-OTC: PLGTF) is proving to be the…

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