A US District Court judge had on Tuesday dismissed a consolidated putative securities class action lawsuit that had been filed in the Southern District of New York against Rio Tinto subsidiary Turquoise Hill Resources and certain of its officers and directors, in December last year.
TSX- and NYSE-listed Kinross Gold on Wednesday said it had completed the divestment of all of its interest in Aurelian Resources and the Fruta del Norte project, in Ecuador, to Fortress Minerals, a member of the Lundin Group of Companies, for $240-million.
Payment consisted of $150-million in... →
Diversified Canadian miner Teck Resources on Wednesday reported that it had made the first shipment of zinc and lead ore in concentrate from its restarted Pend Oreille operations, in north-eastern Washington State, across the border to its nearby Trail operations, in British Columbia, for... →
US gold mine output during the first nine months had slid 7% year-over-year, hurt in part by lower production from the world’s two largest gold miners by output, Toronto-based Barrick Gold and Denver-headquartered Newmont Mining.
In its latest ‘Mineral Industry Surveys’ report, the US Geological... →
The US’s largest primary silver producer Coeur Mining on Wednesday announced that it had agreed to buy Paramount Gold and Silver for $146-million in scrip, giving Coeur control over Paramount’s San Miguel project that covers about 121 000 ha surrounding Coeur’s Palmarejo mine, in Chihuahua,... →
An unprecedented 40% dive in crude oil prices in the last four months would impact the Canadian economy much more severely than previously thought, a recent study by analysts at Canadian Imperial Bank of Commerce (CIBC) had found.
In their report ‘No barrel of fun: What weaker crude means for... →
Gold-focused royalty and stream company Osisko Gold Royalties on Tuesday said it had agreed to give Canadian explorer Highland Copper Company a C$10-million secured loan in exchange for, among other things, a 3% sliding-scale net smelter return (NSR) royalty on all metals produced from the White... →
US coal miner Patriot Coal on Tuesday reported a fatality at its Highland mine, located near Henderson, Kentucky.
Patriot said 34-year old Eli Eldridge was fatally injured on Tuesday when he was struck by a coal hauler while working underground. →
Two significant near-term catalysts were shaping up to keep Integra Gold Corp investors intrigued and would contribute to help differentiate the Canadian project developer from its peers, who are competing for capital in a tough junior market environment.
Speaking to Mining Weekly Online from... →
A new report released on Tuesday by Societe Generale and Thompson Reuters GFMS had found that net gold hedging had declined by a net 200 000 oz in the third quarter.
This was the result of a slowdown in the volume of hedging, which meant that the delivery into and the maturity of pre-existing... →