News
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GOLD: Hope Bay gives TMAC better quarter
NUNAVUT: Toronto-based TMAC Resources experienced less red ink in the second quarter of this year than it did in the first. The comprehensive loss for Q2 was $10.3 million, compared to $15.0 million in Q1. Better yet, the Hope Bay…
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GOLD: Wallbridge cuts more high grades at Fenelon
QUEBEC – Wallbridge Mining Company of Toronto continues to drill high grades at its Fenelon gold property 75 km northwest of Matagami. So far, 41 drill holes have been completed and visible gold was observed in 27 of them. Here…
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FINANCING: MineSense raises $18M to drive commercialization
VANCOUVER – MineSense Technologies, a pioneer in industrial IoT providing real-time, sensor-based ore data and sorting solutions for large scale mines, has closed a US$18 million equity financing to position itself for full commercial launch. Led by Prelude Ventures, the…
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Condor receives La India permit in Nicaragua
Condor Gold (TSX: COG; LON: CNR) has received an environmental permit to build and operate a 2,800 tonnes per day processing plant at its 100% owned La India gold project in Nicaragua. The news comes after what company CEO Mark Child…
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EDITORIAL: Expect copper price rise
Recent events are conspiring to push up the price of copper significantly. Lack of new discoveries and labour action at the world’s largest copper mine make both the short and long term outlook for copper prices rosy. First is the…
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GOLD-SILVER: Braveheart tries ore sorting of Alpine material
BRITISH COLUMBIA – In an effort to boost gold and silver grades ahead of toll milling, Braveheart Resources of Calgary has tested ore sorting of quartz-bearing vein material from its Alpine property near Nelson. The tests were carried out by…
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COPPER: Ivanhoe reviews Kamoa-Kakula development
DEMOCRATIC REPUBLIC OF CONGO – Toronto-based Ivanhoe Mines says a pre-feasibility study for phase one of the Kamoa-Kakula copper project is underway and due to be completed by the end of 2018. Ivanhoe is planning a US$1.2 billion project including…
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MERGER: Metal 7 acquires maker of shovel lifting equipment
SEPT-ILES, Que. – To broaden its range of highly specialized products and solutions for the mining industry, Metal 7 Inc. announces the acquisition of the manufacturer Megatraction Equipment, which is headquartered in Quebec City. Megatraction designs and builds the Megalifter,…
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Franco-Nevada teams with oil firm Continental Resources to buy mineral rights
Franco-Nevada (TSX: FNV; NYSE: FNV) and Continental Resources (NYSE: CLR) have struck a strategic relationship to jointly buy mineral rights in the Scoop and Stack oil & gas plays in Oklahoma. Franco-Nevada says it will contribute about US$220 million for the acquisition of…
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GOLD: Rubicon is bulk sampling at Phoenix
ONTARIO – Rubicon Minerals Corp. of Toronto has begun processing the bulk sample from test mining at the F2 deposit at the Phoenix gold project in the Red Lake district. Between 25,000 and 30,000 tonnes of material will be processed…
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PHOSPHATE: Arianne, New Brunswick team up to review phosphoric acid plant
QUEBEC – Arianne Phosphate of Saguenay, Que., and the New Brunswick government to study the possibility of building a phosphoric acid plant in Belledune, N.B. Through the Opportunities New Brunswick program, the province will contribute to the cost of a…
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SILVER: Alexco drills 12 metres at 1,019 g/t true width
YUKON – The initial results from the 2018 drilling program at the Bermingham silver deposit in the Keno Hill silver district are in. Owner Alexco Resource Corp. of Vancouver said results from 14 of the 26 surface and underground holes…
