Europe

TSX closes in the red, May 25-29

Concerns of a shrinking economy drove Canada’s main stock index down 1.2% to close at 15,014.09. The S&P/TSX Capped Diversified Metals & Mining Index decreased 2.7% to 727.52, and the S&P/TSX Global Mining Index retreated 1.7%…


Simon Houlding (middle) accepts the 2015 Vale Medal for Meritorious Contributions to Mining from the Canadian Institute of Mining, Metallurgy and Petroleum in May. Credit: EduMine

EduMine’s Simon Houlding wins Vale medal

Growing up in Zimbabwe after World War II, completing an engineering degree at the University of Witswatersrand in Johannesburg, and working at Jones & Wagener, a specialist firm of consulting engineers and scientists based in South Africa,…


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.


Workers at a drill site in the Artavasdes zone, part of Lydian International's Amulsar gold project in Armenia. Credit: Lydian International

New Armenian legislation is a plus for Lydian

Lydian International (TSX: LYD; US-OTC: LYDIF) says new mine ramp gradients will help it save up to $100 million in operating costs, and trim total cash costs to US$600 per oz. from US$642 per oz. at its Amulsar gold project in southern Armenia.


The central zone at Orex Minerals' Barsele gold-base metal project in Sweden, 600 km north of Stockholm. Photo by Ben Whiting.

Orex welcomes Agnico to Barsele in Sweden

VANCOUVER — Orex Minerals (TSXV: REX; US-OTC: ORXIF) has struck a letter of intent (LOI) with Agnico Eagle Mines (TSX: AEM; NYSE: AEM) on the junior’s Barsele gold and base-metal property in Sweden’s prolific Skelleftea mining…


View of the open pit at Almonty Industries' Los Santos tungsten mine 50 km from Salamanca in western Spain. Credit: Almonty Industries

Almonty voices interest in Ormonde

Almonty Industries (TSXV: ALL), a Toronto-headquartered company that describes itself as a specialist in acquiring distressed and underperforming tungsten assets, is turning its sights on Dublin-based Ormonde Mining (LSE: ORM).



Loading rock into a haul truck at Mandalay Resources' Bjorkdal gold mine in northern Sweden. Credit: Mandalay Resources

Mandalay shines in tough markets

It’s no surprise analysts have been praising Mandalay Resources (TSX: MND; US-OTC: MNDJF) for meeting its production guidance and paying dividends, which many competing juniors are struggling to do in the bleak commodity price environment.



Westcore Drilling's Hector Hewlin plies his trade at North American Nickel's Maniitsoq polymetallic project in southwestern Greenland. Credit: North American Nickel

North American Nickel gears up for work at Maniitsoq

VANCOUVER — North American Nickel (TSX-V: NAN; US-OTC: WSCRF) is making headway advancing its Maniitsoq nickel-copper-cobalt-platinum group metals property on the coast of southwestern Greenland, 85 km north of the capital Nuuk.


A SAG mill at Eldorado Gold's Skouries gold-copper project under construction in northern Greece. Credit: Eldorado Gold

Eldorado falls on Greek opposition, weak outlook

Eldorado Gold (TSX: ELD; NYSE: EGO) shares have plunged after two events: Greece’s new left-wing government’s opposition to the company building a gold mine in the country, and a weaker-than-expected 2015 guidance. Eldorado recently…


A historic headframe at Premier Gold Mines' Hardrock gold project in Ontario. Centerra Gold can earn a 50% stake in the project by investing up to $300 million. Credit: Premier Gold Mines

Centerra joins Premier Gold at Trans-Canada

Premier Gold Mines (TSX: PG; US-OTC: PIRGF) has brought in Centerra Gold (TSX: CG; US-OTC: CAGDF) as its joint-venture partner for its flagship Trans-Canada property, including its advanced Hardrock gold project, in the Geraldton-Beardmore…


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