Allied Nevada closes C$400m senior notes offering

TSX-listed Allied Nevada on Friday said it had successfully closed a senior unsecured notes offering totalling about C$400-million, carrying a coupon of 8.75% and due by 2019. At the same time the company entered into a cross-currency interest...

Company Announcement: Drilling returns high-grade graphite at Madagascar JV

Malagasy Minerals Limited advises that its Joint Venture Partner and operator in the Madagascar graphite project, Energizer Resources Inc, has reported outstanding drilling results from the flagship Molo prospect.

EPA report ‘pure hubris’, says Northern Dynasty CEO as shares capitulate

Shares in Northern Dynasty dropped like a stone on Tuesday, after a US government draft environmental report raised concerns about the contentious Pebble copper project in Alaska, which it owns half of. The Pebble project, which the...

Prefeas gives First Majestic's Del Toro a $147m NPV

First Majestic Silver, in the process of buying peer Silvermex Resources for C$175.4-million, on Tuesday said the measured and indicated resources at its Del Toro mine in Mexico grew 186% to 74.5-million silver equivalent ounces. According to the...

Rambler seeks Aim listing, China’s Tinma boosts stake to 16%

TSX-V-listed Rambler Metals on Friday said it agreed to sell an additional C$4.13-million stake to 11.5% shareholder Tinma International. The aspiring mid-tier miner, which owns the Ming copper/gold mine in Baie Verte, Newfoundland and Labrador,...

Yellowcake to top $80/lb by ’14 – Forsys boss

Namibia-focused uranium junior Forsys Metals on Thursday said it was rapidly advancing studies to consolidate its Valencia and Namibplaas landholdings to potentially develop the world’s next significant uranium mine. The Toronto-, Frankfurt-...

IMX gains full ownership of Tanzania project as it takes over partner

ASX-listed IMX Resources and TSX-listed Continental Nickel have entered into an agreement to consolidate the ownership of the Nachingwea nickel project, in Tanzania. Under the terms of the agreement, IMX has agreed to acquire all of the issued...

Canadian Zinc raises capex estimate for Prairie Creek mine

Canadian Zinc said it expects capital spending at its main project, the Prairie Creek Mine in the Northwest Territories, to be more than expected due to the addition of more features and an increase in costs. It now expects to spend C$150-million...

Allied Nevada announces C$400.4m senior note offering

Amex- and TSX-listed Allied Nevada Gold on Tuesday announced it had entered into a bought deal agreement for senior unsecured notes to the value of C$400.4-million. The notes agreement is with Scotia Capital and GMP Securities and includes a...

Copper miner KGHM's profit falls on forex loss

Europe's No 2 copper producer KGHM, which recently bought Canadian rival Quadra, posted a 29% drop in first-quarter net profit, hit by exchange losses from the strength of the zloty. The result was in line with analysts' expectations, with...

Osisko says to restart production in 'near term' after fire

Osisko Mining, which suffered a fire at its flagship Canadian Malarctic in Quebec last week, said on Monday it would resume production at reduced levels “in the near term”. The part of the mill the conflagration mainly damaged, the No 4...

SouthGobi posts profit, says Mongolia mines open

SouthGobi Resources, a coal miner with operations in Mongolia, reported a first-quarter profit on Monday, as its sales nearly doubled and its average selling price rose. The Toronto-listed miner said its coal mines in Mongolia were still...