Richmont goes deep at Island Gold mine
At a time when many companies are putting exploration plans on hold to weather the downturn in metals markets, Richmont Mines (TSX: RIC; NYSE-MKT: RIC) is doing exactly the opposite.
Canada
Capstone cuts spending, suspends work at Santo Domingo in Chile
VANCOUVER — Capstone Mining (TSX: CS; US-OTC: CSFFF) is the latest copper producer to announce spending cutbacks and strategy shifts in light of weakening metal prices. It now plans to slash capital expenses at its operating mines in the…
TSX Venture moves lower, Sept. 8-11
The S&P/TSX Venture Composite Index closed in the red for the second week after a loss of 1%, or 5.41 points, en route to a 547.20-point close. Falling energy futures drove losses , while the U.S. Federal Reserve and the Bank of England…
Goldstrike strikes again at Plateau South in Yukon
VANCOUVER — Goldstrike Resources (TSXV: GSR) is gaining traction over a new gold district at its Plateau South project, 300 km east of Dawson City, Yukon, as recent drilling has expanded its high-grade gold targets.
Premier’s Downie bullish on Hasaga in Red Lake
VANCOUVER — Premier Gold Mines (TSX: PG; US-OTC: PIRGF) is taking a new approach to exploration at its past-producing Hasaga gold property in the prolific Red Lake mining district of northwestern Ontario, and Ewan Downie, president and…
Sabina gets ‘more realistic’ at Back River in Nunavut
VANCOUVER — Sabina Gold & Silver (TSX: SBB; US-OTC: SGSVF) is working hard to outline a development scenario at its Back River gold project in Nunavut that is viable in light of challenging capital markets. On Sept. 13 the company…
Kirkland Lake benefits from high grades at SMC
VANCOUVER — Kirkland Lake Gold’s (TSX: KGI; LSE: KGI; US-OTC: KGILF) quarterly results reveal that it has two advantages at its Macassa gold complex in northeastern Ontario: higher grades at its South Mine Complex (SMC), and a…
Detour Gold surmounting weak gold prices, CEO says
VANCOUVER — Detour Gold (TSX: DGC; US-OTC: DRGDF) is picking up momentum at its Detour Lake gold mine, 300 km northeast of Timmins, as the company anticipates first-ever positive cash flows since the operation reached commercial…
Treasury Metals upgrades Goliath resource
Ahead of a feasibility study due before year-end, Treasury Metals (TSX: TML; US-OTC: TSRMF) has increased by 44% the measured and indicated resources of its Goliath gold project near Dryden in northern Ontario.
Woodjam property reverts to Cons. Woodjam Copper
VANCOUVER — It’s been a journey of discovery and growth for partners Consolidated Woodjam Copper (TSXV: WCC) and Gold Fields (NYSE: GFI) at their Woodjam copper-gold-molybdenum porphyry deposit, 45 km east of Williams Lake, B.C.,…
Outotec acquires Sudbury’s Kovit, Biomin’s bioleaching technology
In two separate deals, Finnish mining services provider Outotec (HEL: OTE1V) is buying Sudbury-based tailings management specialist Kovit Engineering and Biomin South Aftica for its gold processing technology.
Salt picks up slack from coal, iron ore on St. Lawrence Seaway
High demand pushed 1.4 million tonnes of road salt through the St. Lawrence Seaway between April 2 and July 31. That figure represents a 3% rise from 2014, which was an exceptional year for salt, according to the St. Lawrence Seaway Management…