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Canada presses Greece on 'troublesome' Eldorado Gold delays – Minister

By: Reuters     13th September 2017 Canada's Trade Minister flagged "troublesome" permit delays for Eldorado Gold in a letter to the Greek Minister of Mines and Energy earlier this year, Francois-Philippe Champagne told Reuters on Wednesday. After meeting with the company at the Toronto mining conference in March, Champagne wrote... 

From Yukon to Patagonia, gold explorers stir after sleep

By: Bloomberg     19th May 2017 From Canada’s Yukon to southern Patagonia, outbreaks of gold-rush fever are popping up as bullion markets stage a tentative recovery. The number of holes drilled at gold deposits has been rising steadily for more than a year, according to S&P Global Market Intelligence. 

Namibia Rare Earths files mining licence application for Lofdal

By: Henry Lazenby     30th November 2016 Heavy rare earth elements project developer Namibia Rare Earths has filed an application with the Namibian Mines and Energy Ministry for a mining licence for its Lofdal project, the company reported Wednesday. Since releasing its preliminary economic assessment (PEA) in November 2014, the company... 

Zephyr Minerals to start mine planning at Colorado flagship

By: Henry Lazenby     8th April 2015 Halifax-based explorer and development firm Zephyr Minerals has contracted consulting engineering firm MineTech International to complete a mine plan for the company’s flagship Dawson gold project, in Colorado. The Dawson deposit comprised three mineralised areas, including the main Dawson... 

Western Canada expected to lead economic growth in 2014

By: Henry Lazenby     18th June 2014 Western Canada can expect the fastest growing provincial economies in the country this year and again in 2015, with Alberta resuming its customary place at the top of the list. The near-term outlook is looking increasingly positive for Manitoba and British Columbia, while Saskatchewan's growth... 

Namibia Rare Earths starts PEA on Lofdal project

By: Henry Lazenby     21st May 2014 TSX-listed Namibia Rare Earths (NRE) has started work on a preliminary economic assessment (PEA) on the Area 4 heavy rare earth deposit at it flagship Lofdal project, located in north-western Namibia. South Africa-based MDM Engineering is the main consultant, tasked with compiling the report... 

Sherritt International swings to Q1 loss

By: Henry Lazenby     30th April 2014 Diversified Canadian miner Sherritt International on Wednesday reported a first-quarter net loss, as a charge at its new Ambatovy nickel mine, in Madagascar, and financing costs related to a weakening Canadian currency impacted on its results. The Toronto-based miner, which specialises in mining... 

Dissident shareholder has not made a compelling case to change Sherritt - ISS

By: Henry Lazenby     21st April 2014 Corporate governance analysis and proxy voting firm Institutional Shareholder Services (ISS) has concluded that dissident Sherritt International shareholder, Halifax-based investment firm Clarke Inc, has not made a compelling case for change, recommending that shareholders vote for Sherritt’s... 

Clarke Inc proposes three Sherritt board nominees

By: Henry Lazenby     3rd April 2014 In its attempt to shake up the board of diversified miner Sherritt International, Halifax-based investment firm Clarke Inc on Thursday named its three nominees for election to the Sherritt board at the Toronto-based mining company’s annual and special meeting on May 6. Under the leadership of... 

Sherritt files proxy, advises shareholders to reject dissident’s board nominees

By: Henry Lazenby     31st March 2014 Diversified miner Sherritt International Corp has filed with Canadian securities regulators a proxy circular and a letter to investors urging shareholders to support its bill of nominated directors and reject nominees put forward by dissident shareholder George Armoyan. Armoyan, through a variety... 

Copper Mountain’s secondary crusher on schedule, lifts 2014 guidance

By: Henry Lazenby     21st February 2014 TSX-listed Copper Mountain Mining reported on Friday that it was installing a new secondary crusher, which was scheduled for a mid-summer start-up. This C$40-million crusher would be the largest cone crusher installed in western Canada and initial foundation work was well under way, with the... 

Brigus Gold lifts output from Ontario mine

By: Henry Lazenby     9th October 2013 Halifax, Nova Scotia-based Brigus Gold has lifted its third-quarter gold output from the Black Fox mine in Timmins, Ontario, 17% quarter-on-quarter, placing the company on track to achieve its full-year guidance. During the quarter ended September 30, Brigus produced 27 174 oz of gold, bringing... 

Gold remains top investment choice – Brigus

By: Natasha Odendaal     28th August 2013 Despite volatility in the gold sector over the past few months, gold remained – and would for the next few years remain – a worthwhile investment, NYSE- and TSX-listed Brigus Gold chairperson and CEO Wade Dawe averred on Tuesday. In a letter to shareholders, he stated that investor sentiment for... 

Despite rising output, Brigus Gold posts Q2 loss

By: Henry Lazenby     13th August 2013 NYSE- and TSX-listed Brigus Gold this week posted a net loss of $4.74-million for the second quarter, despite selling 22% more ounces of gold, as a lower realised gold price and higher production costs per ounce sold hurt earnings. The company, which owns and operates the Black Fox gold mine in... 

Orbite Aluminae granted option to acquire Nova Scotia clay property

By: Henry Lazenby     16th November 2012 TSX-listed Orbite Aluminae has entered into an agreement with a private company for an exclusive three-year option to acquire mineral claims and exploration rights of the Chaswood kaolin clay and sand property located in Halifax, Nova Scotia. Orbite said the Chaswood property consists of 163... 

Namibia Rare Earths files maiden Lofdal resource, confirms HREE

By: Henry Lazenby     26th September 2012 Namibia Rare Earths (NRE) had filed a maiden resource for its Lofdal rare-earth-elements project, confirming the presence of high levels of heavy rare-earth enrichment (HREE) in certain areas of the project. The National Instrument 43-101-compliant resource estimate, covering Area 4 of the... 

Acadian Mining sells Nova Scotia gold assets

By: Henry Lazenby     25th September 2012 Toronto-listed exploration company Acadian Mining on Tuesday said it planned to sell two of its noncore gold assets in Nova Scotia for $700 000 to a private firm that intended to develop the projects. Acadian was paid $500 000 when the accord was penned, and under terms of the agreement, would... 

Gold debt funding soared in March, April – MEG

By: Matthew Hill     22nd May 2012 While junior and intermediate mining companies raised 17% more capital in March and April compared with the first two months of the year, increasingly tough markets will likely choke off some exploration work, Halifax, Nova Scotia-based Metals Economics Group MEG) said on Tuesday. “Drilling... 

Ontario junior gets C$3.5m settlement to cede controversial claims

By: Matthew Hill     30th March 2012 Against a backdrop of simmering tensions between aboriginal communities and exploration companies in Ontario, the government announced on Thursday it reached a C$3.5-million settlement with God’s Lake Resources, whereby the company agreed to cede its claims over a contentious area. The move... 

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