Daily News

COPPER: Tax changes force Barrick to shut down Lumwana

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

GOLD: Rubicon stockpiling mill feed for mid-2015 start

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

ZINC-LEAD: Trevali to restart Caribou mine and mill in mid-2015

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

MINING PEOPLE: Canada Strategic Metals, Claude Resources, Klondex Mines, Lake Shore Gold, North American Nickel, and SouthGobi

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

Sherritt surges as Obama ends US isolation of Cuba

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

ZINC: Teck makes first concentrate shipment from restarted Pend Oreille operations

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

GOLD: Lake Shore repays $20M loan early

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

SILVER: Fortuna to expand San Jose mill to 3,000 t/d

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

RUBY: True North Gems updates progress at Aappaluttoq

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

West Kirkland brings new life to Hasbrouck, Three Hills

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

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