Asian Minerals says Norilsk hostile offer 'too vague'

Directors of emerging nickel producer Asian Mineral Resources (AMR) on Thursday said a hostile takeover bid by Russia's Norilsk Nickel, the world's biggest nickel and palladium producer, for all the shares of AMR, was “too vague”. In a...

Romarco says Haile EIS decision delayed to 2013

TSX-listed Romarco Minerals on Wednesday said it would now only receive a decision on its Federal 404 Wetlands permit for the Haile gold project, in South Carolina, on August 16, 2013. In February, Romarco said it expected permitting at the end...

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...

Scorched Canadian Malartic mill returns to operation

TSX-listed Osisko’s burnt mill at its Canadian Malartic gold mine had been returned to operations, except for the No 4 cyclone set, which was expected to be back on line within a week. “The mill had been returned to operational status as of...

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...

Brigus Gold reports higher profit, production

Brigus Gold reported a 30% increase in first-quarter profit on the back of higher gold prices, an increase in production and lower costs. Income and comprehensive income rose by 27.9% to $5.5-million, or 3c a share, from $4.3-million, or 2c a...

Trans Hex to return to profit as output rises

Diamond miner Trans Hex said on Tuesday it expected a net profit of about R208-million for the twelve months ended March, compared with a loss of R45.1-million the previous year. The...

Mercator Minerals posts $1.5m profit, Mineral Park improves

Base metals miner Mercator Minerals on Monday reported adjusted first-quarter earnings of $1.5-million, or nil a share, which was largely in line with analyst expectations of a loss of 1c a share. The TSX-listed copper, molybdenum and silver...

B2Gold profit rises on higher gold prices

Canadian miner B2Gold Corp posted a 28% rise in quarterly profit, helped by higher gold prices. First-quarter net income rose to $14.6-million, or 4c per share, from $11.4-million, or 3c a share, a year earlier.

First Quantum buys 19.9% stake in Peru-focused junior

Base metals miner First Quantum on Friday said it bought a 19.9% stake in Zincore Metals, which owns copper and zinc projects in Peru, for a total of C$7.5-million. The TSX-listed junior had said on May 8 First Quantum took up a stake of some 10%...

Azimuth to start trading on TSX

The Toronto Stock Exchange has approved junior gold and uranium explorer Azimuth listing on the exchange. Shares were expected to start trading on the TSX on May 10.