ZAMBIA – Following the passage of legislation that raises the royalty rate on open pit mines in Zambia to 20% from 6%, Barrick Gold of Toronto has announced the closing of its Lumwana copper mine in that country. The new law eliminates...
Dec 18, 2014 4:07PM
ONTARIO – Rubicon Minerals of Toronto has begun stockpiling ore at the Phoenix gold project near Red Lake. Ore is being accumulated ahead of mill commissioning in the middle of next year.
Dec 18, 2014 4:06PM
NEW BRUNSWICK – Vancouver-based Trevali Mining is preparing the Caribou zinc-lead mine and mill in the Bathurst Mining Camp for a restart by mid-2015.
Dec 18, 2014 4:05PM
Montreal-based Canada Strategic Metals has a new president, Christophe Romary. He has more than 20 years of experience in the financial industry.
Dec 18, 2014 4:02PM
U.S. President Barack Obama's call for a "new approach" in Washington's relationship with Cuba, including the establishment of diplomatic relations and an easing of economic and travel restrictions, lifted the shares of Sherritt...
Dec 18, 2014 4:00PM
WASHINGTON – Teck Resources of Vancouver made the first shipment of zinc and lead in concentrate from the restarted Pend Oreille project in the northeast part of the state to Teck's Trail operation in British Columbia for processing.
Dec 17, 2014 4:06PM
TORONTO – Lake Shore Gold will repay the $20-million balance on its standby line of credit on Dec. 31, 2014. The payment will include the balance plus $1.4 million in fees. The company says the early repayment will save it $2.4 million in...
Dec 17, 2014 4:05PM
MEXICO – Fortuna Silver Mines of Vancouver, operator of the San Jose underground silver mine 47 km south of Oaxaca, plans to increase mill throughput by 50% – to 3,000 from 2,000 t/d. The expansion will be accompanied by...
Dec 17, 2014 4:04PM
GREENLAND – Vancouver-based True North Gems started construction of the Aappaluttoq ruby mine 150 km south of Nuuk in September 2014, despite the early cold. The pre-fabricated mine camp is on its way from Nuuk and foundation work for the...
Dec 17, 2014 4:02PM
TONOPAH, Nevada — There’s a wealth of history in the ground at West Kirkland Mining’s (TSXV: WKM; US-OTC: WKLDF) recently acquired Hasbrouck and Three Hills gold properties in Esmeralda county, NV, but new ideas are what...
Dec 17, 2014 4:00PM