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First Nickel trims 2014 FY net loss

By: Henry Lazenby     Updated 11 minutes ago Ontario-based nickel producer First Nickel has reported a narrower net loss for full-year 2014, as higher nickel prices and improved sales volumes boosted the bottom line. The company, which operates the Lockerby mine, in the Sudbury Basin, on Thursday reported a net loss of $20.7-million for the... 

Silvercrest swings to Q4 adjusted loss on higher costs

By: Henry Lazenby     Updated 1 hour 20 minutes ago Canadian precious metals producer SilverCrest Mines this week reported a higher headline loss for the three months ended December 31, as costs rose mainly as a result of added direct production costs after the company transitioned the Santa Elena mine from an openpit heap-leach operation to an... 

Golden Star Resources reports strong ROI for underground Ghanaian gold project

By: Henry Lazenby     Updated 2 hours 13 minutes ago Ghana-focused gold miner Golden Star Resources has reported a strong return on investment (ROI) for its brownfields Wassa underground gold project at its currently operating Wassa openpit mine in the country, and expected the development to transform the company into a lower-cost gold producer.... 

Pretium’s Brucejack project gets BC’s environmental nod, bar 15 conditions

By: Henry Lazenby     Updated 3 hours ago British Columbia’s Environment Minister Mary Polak and Energy and Mines Minister Bill Bennett have issued an environmental assessment certificate to Pretium Resources for the Brucejack gold mine, located about 65 km northwest of Stewart. The ministers had issued the certificate with 15 legally... 

Pretium’s Brucejack project gets BC’s environmental nod, bar 15 conditions
Photo by Pretium Resources
Pretium Resources' Brucejack mine, BC.

Brazil gov't names Vale CEO Ferreira to head Petrobras board

By: Reuters     Updated 5 hours ago Brazil's government has selected Murilo Ferreira, the CEO of miner Vale, to head the board of embattled state-run Petroleo Brasileiro, according to a filing from the oil company on Friday. The other nominations for the board responsible for steering Petrobras through a massive corruption probe... 

Brazil gov't names Vale CEO Ferreira to head Petrobras board
Photo by Bloomberg
Vale CEO Murilo Ferreira

Miners' gold forward sales surged 103t last year, most since 1999 – report

By: Reuters     Updated 6 hours ago The volume of gold sold forward by mining companies rose by 103 t last year, the biggest annual increase since 1999, an industry report showed on Friday. That far outstrips an estimate given late last year of 42 t to 52 t, after Mexican gold and silver miner Fresnillo said it was hedging 47... 

Israel Chemicals to acquire Allana Potash in C$137m deal

By: Megan van Wyngaardt     Updated 7 hours ago Dual-listed agriculture, processed food and engineered materials manufacturer Israel Chemicals (ICL) will acquire all shares it does not already own in TSX-listed Allana Potash, which owns a potash mine in Ethiopia, for C$137-million. ICL already held a 16.36% stake in the potash company and... 

Bauba makes first chrome shipment in platinum exploration funding move

By: Martin Creamer The JSE-listed Bauba Platinum, which is mining and selling chrome ore to fund its platinum exploration, this week shipped the first run-of-mine output from its maiden chrome horizon blast at the Moeijelik operation. Bauba last year entered into a two-year chrome-ore supply agreement with ASA... 

Bauba makes first chrome shipment in platinum exploration funding move
Photo by Duane Daws
Syd Caddy


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