Cliffs may idle Pinnacle coal mine
Cliffs Natural Resources (NYSE: CLF) is warning that it may temporarily idle its Pinnacle coal mine in Pineville, W.Va., if market conditions do not improve.
United States
Antofagasta’s cooling stokes uncertainty for Duluth’s Twin Metals
Antofagasta (LSE: ANTO) has decided not to increase its ownership in the Twin Metals joint-venture project with Duluth Metals (TSX: DM; US-OTC: DULMF), just weeks before the scheduled completion of a prefeasibility study on the large…
US stocks drop, June 23-27
U.S. equities had a lacklustre trading week. The Dow Jones Industrial Average fell 95 points from the week before to 16,851.84, while the broader S&P 500 Index slipped nearly 2 points to 1,960.96. Bucking the downward trend was the…
Coeur rejigs stream agreement with Franco-Nevada
An amended royalty agreement with Franco-Nevada (TSX: FNV; NYSE: FNV) has given Coeur Mining (NYSE: CDE) the breathing room it needs to consider completing the Guadalupe underground mine at its Palmarejo silver–gold complex in…
World Gold Council spearheads review of London gold fix
VANCOUVER — The gold industry appears to be reacting to growing scrutiny over the century-old method that determines the daily spot price of gold. On June 18 the World Gold Council — a market-development organization composed of top…
Augusta says yes to sweetened Hudbay takeover
VANCOUVER — After a drawn-out takeover battle that tested proposed new regulations on the tenure of shareholder rights plans in B.C., Augusta Resource (TSX: AZC; NYSE-MKT: AZC) has agreed to a sweetened takeover bid from Hudbay Minerals…
Pilot hits oxide gold at Kinsley, pursues Cadillac
VANCOUVER — With just a few holes Pilot Gold (TSX: PLG; US-OTC: PLGTF) has defined another gold zone at its Kinsley Mountain gold project in Nevada, just a kilometre away from the high-grade Western Flank zone it discovered less than a…
TSX surges, June 2-6
The Toronto stock market had a strong run during the trading week, with the S&P/TSX Composite Index gaining 234.74 points to 14,838.90, as investors digested the positive U.S. employment data while shrugging off the lacklustre Canadian jobs…
Cove makes the grade for Premier
It may have made its name on its Hardrock gold project in Ontario but Premier Gold Mines (TSX: PG; US-OTC: PIRGF) is bolstering its project pipeline in Nevada.
Wildcat spotting delays Augusta’s permit at Rosemont
A recent sighting of an ocelot wildcat near Augusta Resource’s (TSX: AZC; NYSE-MKT: AZC) Rosemont copper project near Tucson, Ariz., has triggered U.S. environmental authorities to believe further consultation is needed before the company…
Victory Nickel has the frac sand plan
Victory Nickel (TSX: NI; US-OTC: VNCKF) didn’t set out to be part of the premium frac sand business.
US gov’t targets coal-fired power plants to cut CO2 emissions
VANCOUVER — In a move billed by proponents as ambitious step to address climate change and by opponents as a grand scheme destined to fail before it starts, the U.S. government has proposed a rule to cut carbon dioxide (CO2) emissions…