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By: Henry Lazenby Updated 15 minutes ago The world’s largest streaming firm Silver Wheaton has amended and restated its revolving credit facility on Friday, increasing the available credit from $1-billion to $2-billion and extending the term by two-years to February 27, 2020. Silver Wheaton said it used proceeds drawn from this amended... →
By: Reuters Updated 29 minutes ago US Mint American Eagle gold coin sales in February were the weakest for the second month of the year since 2007, and down 77% from January, according to data on Friday, as investors eyed the soaring stock markets. The US Mint sold 18 500 oz of gold bullion coins this month, down from 31 000... →
By: Henry Lazenby Updated 31 minutes ago Canadian gold producer Endeavour Mining has reported a significantly wider net loss for the three months ended December, as notable impairment charges on its Tabakoto mine, in Mali, weighed on financials. The ASX- and TSX-listed company on Thursday reported a net loss attributable to shareholders... →
By: Henry Lazenby Updated 1 hour 22 minutes ago Consumer electronics giant Apple is being sued by lithium-ion battery producer A123 Systems for "systematically" poaching employees to establish a new battery division, expected to power the company’s foray into the electric vehicle (EV) sector. The venture, reportedly named ‘Project Titan,’ has... →
By: Simon Rees Updated 3 hours ago As the industry prepares for the 2015 Prospectors and Developers Association of Canada’s conference, many have written off the past year as another annus horribilis – a horrible year filled with more impairments, fire sales, debt headaches and muted prices. The junior sector has struggled most,... →
Work that formed part of Aim-listed Caledonia Mining Corporation’s revised investment plan for its Blanket gold mine, in Zimbabwe, would be completed by July. As part of its plan the company planned to develop a tramming loop 750 m below surface, which was now at 384 m. →
By: Natasha Odendaal TSX- and NYSE-listed Nevsun Resources posted earnings a share of $0.47 for the 2014 financial year, a rise on the $0.06 reported in the prior period. As the Vancouver-based mining company reported a substantial rise in revenue from $155-million in the 2013 financial year to $555-million in the... →
By: Megan van Wyngaardt Africa-focused Rainbow Rare Earths has been granted a mining licence for its high-grade Gakara rare earths project, in Burundi, by the country’s Ministry of Mines and Energy. Terms for a mining convention had also been negotiated and approved by the government and, once the administration process... →