Volume 99 Number 27 Aug 19 - 25, 2013

Employees pose for a picture at Teranga's Sabodala gold project in Senegal (2013). Source: Teranga Gold

Oromin turns friendly to Teranga offer

Teranga Gold (TSX: TGZ; US-OTC: TGCDF; ASX: TGZ) and Oromin Explorations (TSX: OLE) have found an amicable way for Teranga to acquire whatever Oromin equity it doesn’t already own.

The exploration camp at International Tower Hill's Livengood project in Alaska. Source: International Tower Hill

ITH’s Livengood struggles at today’s gold price

It doesn’t look like International Tower Hill Mines’ (TSX: ITH; NYSE: THM) huge Livengood gold project in Alaska will be hosting a mine construction crew any time soon. The company has released a feasibility study…

BHP Billiton's Jansen operation in Saskatchewan, Canada. Source: BHP Billiton

Cartel break-up raises doubts about BHP’s Jansen project

The break-up of one of the world’s two big potash cartels has spawned much speculation about the future of BHP Billiton’s (NYSE: BHP) Jansen project in Saskatchewan, with a report from analysts at Bank of America Merrill Lynch…

Probe Mines CEO David Palmer (far right) leads a tour of the Borden gold project in northern Ontario. Source: Probe Mines

Probing Chapleau for more than just timber

CHAPLEAU, ONT. — Play the game of word association with anyone who has heard of the small town of Chapleau, located west of Timmins in northern Ontario, and lumber, wildlife and railcars are bound to come up.

U.S. markets, Aug. 5-9

U.S. stocks ended the Aug. 5–9 trading week lower with the Dow Jones Industrial Average slipping 1.5% or 232.85 points to 15,425.51 amid ongoing speculation about when the Federal Reserve will start tapering off its stimulus program. 

Toronto Stock Exchange, Aug. 6-9

The holiday-shortened trading period wasn’t a typical one for the S&P/TSX Composite Index. While often the index will trend in line with the resource sector that makes up a large part of it, for this period the two moved in opposite…

TSX Venture Exchange, Aug. 6-9

The S&P/TSX Venture Composite Index continued to lose ground during the period, dropping roughly 3.47 points en route to close at 920.09. The Venture struggled mid-week over growing concerns over the expiry date of the U.S. Federal…

Charles F. Barber

US National Mining Hall of Fame’s five new inductees

The National Mining Hall of Fame (NMHF) in the U.S. has announced five new inductees representing a cross section of the U.S. mining industry, coming from the domestic and worldwide metal production, education and health and safety…

The construction camp at Sherritt's Ambatovy joint venture project in Madagascar (2009). Source: Sherritt

Sherritt lands in the red in Q2

Sherritt International (TSX: S; US-OTC: SHERF) reported a second-quarter net loss of $10.7 million, or 4¢ a share, falling below earnings of $40.8 million, or 14¢ a share, a year ago.

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