Teck Resources received regulatory approval for its Quebrada Blanca Phase 2 project in the Tarapac?? Region in northern Chile.Yesterday, Teck said that the regional Environmental Committee of Tarapac?? voted to approve the project's Environmental Impact Assessment.The mine is expected to generate 300,000 tonnes of copper equivalent production per year for the first five years of mine life.Teck est...Read More
Mr. Walter Coles Jr. reportsSKEENA INTERSECTS 10.52 G/T GOLD OVER 4.10 METRES AT SNIPSkeena Resources Ltd. has provided additional assay results for six drill holes from the phase II underground drilling program at the company's 100-per-cent-owned Snip gold project located in the Golden Triangle of British Columbia.The phase II drilling program is now complete. A total of 9,583 metres were drilled...Read More
Teck Resources received regulatory approval for its Quebrada Blanca Phase 2 project in the Tarapac?? Region in northern Chile.Yesterday, Teck said that the regional Environmental Committee of Tarapac?? voted to approve the project's Environmental Impact Assessment.The mine is expected to generate 300,000 tonnes of copper equivalent production per year for the first five years of mine life.Teck est...Read More
Mr. Curt Hogge reportsMINERAL MOUNTAIN INTERSECTS 2.12 GPT OVER 20.0 METRES EXTENDS STEEPLY PLUNGING HIGH GRADE SHOOT TO 230 METRES DOWN PLUNGEMineral Mountain Resources Ltd. and its subsidiary Mineral Mountain Resources (SD) Inc. have completed a total of six of the planned 12 NQ diamond drill holes, totalling 2,155 metres,on the company's Standby mine target in the Rochford district in the Black...Read More
"Harte #Gold says its ambitious production schedule at Sugar Zone in Ontario has been pushed back because ofRead full newsRead More
Glencore Plc's poor performance in agriculture shows exactly why the company still needs a big deal to compete on the international stage.Read full newsRead More
Company Website: http://www.hecla-mining.comCOEUR D'ALENE, Idaho -- (Business Wire)Hecla Mining Company (NYSE:HL) today announced second quarter 2018 financial and operating results.HIGHLIGHTSNet income applicable to common shareholders of $11.9 million, or $0.03 per share.Adjusted net income applicable to common shareholders of $3.0 million, or $0.01 per share. 1Sales of $147.3 million.Adjusted E...Read More
Aben Resources (TSX-V:ABN) said its first drill hole at its Forrest Kerr project showed multiple high-grade zones including 62.4 g/t gold over 6.0m within 38.7 g/t gold over 10.0m.The junior was up 50 percent today to 30.5 cents."The high-grade gold and base metal values in the first hole of the 2018 drill program have far exceeded our expectations and confirm the presence of a robust and strong m...Read More
Aben Resources (TSX-V:ABN) said its first drill hole at its Forrest Kerr project showed multiple high-grade zones including 62.4 g/t gold over 6.0m within 38.7 g/t gold over 10.0m.The junior was up 50 percent today to 30.5 cents."The high-grade gold and base metal values in the first hole of the 2018 drill program have far exceeded our expectations and confirm the presence of a robust and strong m...Read More
Lucapa recovered several coloured diamonds from its Mothae diamond mine operations in Lesotho, the company announced yesterday.During a bulk sampling program, the company found the following:A 28 carat stone from the North zone of the Mothae kimberlite pipe89 carat yellow from the South-East zone25 carat yellow from the Neck zone12 carat white from the North zone and 2 light pink diamondsThe Motha...Read More
Given that most of the highly economic diamond deposits in the world have already been put into production, diluted via expansion or depleted, going forward the economics of diamond mines will inevitably gravitate towards higher-cost, lower-value operations.Miners are left with a fairly limited decision to replenish their declining resource bases by either discovering or buying greenfield projects...Read More
The last few years have been painful for investors in silver. The white metal has failed to keep pace with gold and performed poorly, recently sliding under US$15.40 per ounce as a less-than-optimistic outlook weighs on the metal.Nonetheless, this has created an opportunity for contrarian investors seeking to bolster their exposure to silver. One of the best ways to gain considerable levered expos...Read More
Gold miners have long held a very unique status among investors. First, there's the long-held belief that gold is a safe store of wealth that will only appreciate in value over time owing to its scarcity and high demand. Then there are the efforts by gold miners over the past few years to become increasingly more efficient, which, by extension, results in higher margins and better returns.But does...Read More
One of the biggest one-time factors in a stock surge, or plunge, is acquisition news. Companies that are getting acquired tend to see significant gains, as investors are offered a premium to current market prices.At times, a company's share price can be bid up above the offer price in anticipation of a competing bid or a higher bid by the same company. On the flip side, if no competing bid materi...Read More
There are strange things done in the midnight sun / By the men who moil for gold; / The Arctic trails have their secret tales / That would make your blood run cold; / The Northern Lights have seen queer sights, / But the queerest they ever did see / Was that night on the marge of Lake Lebarge / I cremated Sam McGee. (by Robert W. Service; published in 1907)About 10 years ago, a century after poor...Read More
* all assay values are uncut and intervals reflect drilled interceptstrue thicknesses and orientations of the various zones is currently not knownAnalytical and QA/QC Description:All 1 or 2 metre drill core samples were delivered to ALS Global prep facility in Terrace, British Columbia where they were crushed until 70% passed a 2mm sieve, then a 250g split was pulverized until better than 85% pass...Read More
Bisha open pit mine, EritreaNevsun Resources Ltd. [NSU-TSX; NYSE AMERICAN] said Thursday it has formally rejected a $1.4 billion all-cash takeover bid from Lundin Mining Corp. [LUN-TSX; LUMI-Sweden] worth $4.75 a shares.The company said the decision was reached after careful consideration and the receipt of the recommendation of a special committee of independent directors. Nevsun also said it rej...Read More
TORONTO - Canada's main stock index closed higher in a broad advance as tensions with Saudi Arabia appeared to ease, while U.S. markets were mixed.The Toronto Stock Exchange's S&P/TSX composite index closed up 101.90 points at 16,416.98 as information technology, financials, and materials gained.In New York, the Dow Jones industrial average closed down 74.52 points at 25,509.23. The S&P 500...Read More
TORONTO - Nevsun Resources Ltd. says it has rejected a $1.4-billion hostile takeover bid from Lundin Mining Corp. as too low.The Vancouver based company says its board of directors is recommending shareholders reject the bid because it undervalues the company, is lower than previous proposals from Lundin, and is lower than other expected offers.Nevsun says it has launched a strategic review to...Read More
CALGARY - Oilsands producer MEG Energy Corp. says it has selected veteran oilman Derek Evans to replace interim CEO Harvey Doerr.The appointment comes less than five months after Evans' retirement from Pengrowth Energy Corp., where he had been CEO for nine years.At the time, 61-year-old Evans said he would take a few months off but planned to assume an undefined advocacy role for the oil and gas...Read More