Thompson Creek unveils debt, equity funding, shares dip

Shares in Thompson Creek Metals, the Denver, Colorado-based molybdenum producer, slid nearly 10% in early Toronto trade on Monday, after the company said it would sell $200-million in secured debt, as well as eight-million tangible equity units...

Quarter horribilis for Thompson Creek as earnings dwindle to $1.1m

If it has been a rough ride in recent months for Thompson Creek, the Denver-based molybdenum producer, 2012’s first quarter was a bus-sized pothole. A halving of sales to 4.9-million pounds, lower prices and soaring cash costs all conspired to...

Newmont posts 9% rise in profit, Peru project remains suspended

NYSE- and TSX-listed Newmont Mining on Friday reported a 9% increase in first-quarter profit to $561-million, or $1.13 a share, keeping within its expectation for the year. The multinational gold miner lifted revenue for the quarter by 9%, to...

Newmont Mining profit rises on higher gold prices

Newmont Mining Corp, the world's second-largest gold producer, said its quarterly profit rose as gold prices outpaced higher labor and power costs at its mines. First-quarter earnings were $561-million, or $1.13 per share, compared with...

Ghana-focused gold miner to expand international footprint

Denver, Colorado-based Golden Star Resources was looking to expand its African and international portfolio, the Ghana-focused company says.

Golden Star to expand international footprint

Denver, Colorado-based Golden Star Resources was looking to expand its African and international portfolio, the Ghana-focused company said on Thursday. Speaking at the Investing in African Mining Indaba, in Cape Town, exploration VP Mitchel Wasel...

Oskar Steffen travels world as specialist

SRK co-founder Dr Oskar Steffen travels the world as a specialist. At one stage he did so with such frequency that it was said of him that, “if it was Tuesday, Oskar was in Australia, and if it was Wednesday, he was in Chile”. Mining Weekly...

Company Announcement: Independent NI 43-101 finalised for Rio Puerco uranium project

The Directors of Australian-American Mining Corporation Limited are pleased to announce that an Independent NI 43-101 technical report for the company’s Rio Puerco uranium project located in Grants Mineral belt in New Mexico in the United States...

Thompson Creek 'negotiating hard' on gold-linked funding

Molybdenum producer Thompson Creek Metals fell 3% on Tuesday after it confirmed it needed to raise more cash to fund growth and said third-quarter adjusted profit plunged 93% to $3.6-million. The Denver-based firm said lower molybdenum prices...

High-level SA delegation to tour US mine-water treatment sites

The US Trade and Development Agency (USTDA) is organising a high-level reverse trade mission of South Africans to the US in early November, during which delegates would be exposed to the policy, funding and technology solutions available for...

China Gold International bumps up Tibetan resouces

TSX- and Hong Kong-listed China Gold International on Thursday reported a 443% increase in resource tonnage at its Jiama copper-gold project in Tibet to one-billion tons averaging 0.41 percent copper, and containing four- million tons of the red...

Molycorp backer Resource Capital Funds hunts for mining deals in Canada

Resource Capital Funds, the private equity group that backed Molycorp to great success, is actively scouring for new mining deals in Toronto, where it recently set up shop. And the Denver-based firm expects floundering equity markets to steer...