Guyana Goldfields reports significant intercepts at greenfield targets

TSX-listed Guyana Goldfields has reported "significant intercepts" following a 2 500 m reconnaissance-style drill campaign at its Iroma and Wynamu prospects, in Guyana, the company reported on... 

Chevron slips on Q4 earnings miss; lifts dividend

Oil giant Chevron saw its NYSE-listed equity slip more than 6% on Friday after it reported disappointing fourth-quarter earnings. The San Ramon, California-based energy company reported earnings of... 

Southern Copper closes lower on surprise loss

Base metals miner Southern Copper has reported a surprise loss of $287.5-million in the fourth quarter ended December 31, saying a $743.3-million one-time payment related to US tax reforms weighed... 

Centerra approves further funding for European JV partner on 2017 success; gets more credit

Canadian miner Centerra Gold has approved expenditures of $1.85-million for this year to fund exploration campaigns in Sweden by its joint venture partner (JV) Erris Resources, following... 

Two miners die at Yamana's Gualcamayo mine, Argentina

Canadian gold producer Yamana Gold has reported the death of two contractors at its Gualcamayo mine, in Argentina, the company said on Friday. The dual-listed miner reported that the two employees... 

Seabridge mulls mining Iron Cap deposit sooner

Continuous successful exploration drilling over the past two years has prompted TSX- and NYSE-listed precious metals explorer Seabridge Gold to re-evaluate its approach to mining at the flagship... 

Prestea starts to commercial production – Golden Star

Africa-focused miner Golden Star Resources has achieved commercial production at its Prestea Underground gold mine, in Ghana, the company announced on Thursday. Project construction of Prestea... 

Goldsource expands strategic Guyana landholdings; appoints exec chair

Junior gold producer Goldsource Mines has entered into an option to acquire the Bishop Growler property located about 3 km from its operating Eagle Mountain gold project, in Guyana. The... 

British Columbia further hamstrings oil pipeline development

The coalition British Columbia provincial government has moved the goal post for crude oil pipeline operator Kinder Morgan yet again, adding another hurdle to the seemingly insurmountable legal... 

Premier earmarks $83m for 2018 exploration, development initiatives

Canadian precious metals miner Premier Gold Mines has approved a 2018 exploration and development budget of $38.8-million, the company announced on Tuesday. The budget will be supplemented by a... 

Gold juniors Minera Alamos, Corex Gold to merge

Junior mining companies Minera Alamos and Corex Gold have announced a merger of the two TSX-V-listed companies on Tuesday. The merger is expected to create a new entity with a market capitalisation... 

Arizona Mining finds new quality zinc zones at Hermosa; enhanced PEA lifts project to global Top 5

The TSX-listed stock of Vancouver-based base metals explorer Arizona Mining has gained more than 25% since the start of the year, boosted by the release of an updated preliminary economic... 

Brazil, Peru to lead LatAm mineral project development to 2020

Boosted by higher commodity prices in general, miners are increasingly focusing on project development as healthier balance sheets allow them the opportunity to return to their long-term growth... 

NexGen embarks on winter exploration programme for Rook I

Uranium explorer NexGen Energy has started work on its winter 2018 drill programme at the fully owned Rook I property, in the Athabasca Basin of Saskatchewan. The winter 2018 programme will... 

Nautilus production equipment exceeding design specs

Testing of the fleet of underwater machines that marine mining pioneer Nautilus Minerals will use to mine the Solwara 1 gold/copper project, offshore Papua New Guinea (PNG), has so far delivered... 

Mountain Province to buy exploration-spinout Kennady Diamonds for C$176m

TSX- and Nasdaq-listed diamond producer Mountain Province Diamonds has signed a definitive arrangement agreement whereby it will buy its exploration spinout Kennady Diamonds in an all-scrip deal... 

Fort Hills Energy LP reports first oil

Lead shareholder and operator of Canada's newest oil sands mine Suncor announced on Monday that the new C$13.5-billion Fort Hills oil sands project, in Alberta, had started secondary extraction on... 

Zinc, lead outlook bright but analysts expect peak pricing as soon as this year

High commodity prices in 2018 are expected to sustain robust margins for zinc and lead miners this year, as supplies of both metals remain constrained. According to market research and consultancy... 

Cameco's JV Inkai lifts 2018 guidance 25%

Despite lacklustre uranium spot and contract prices, Canadian producer Cameco announced on Thursday that its joint venture (JV) over the Inkai in situ recovery uranium mine, in south Kazakhstan,... 

WGC bashes cryptocurrency as 'no substitute for gold'

In the wake of cryptocurrencies last year emerging as a market darling, delivering extreme gains to risk-tolerant investors, the World Gold Council (WGC) has come out in defence of gold, saying... 

Elkview dryer incident to cost Teck 200 000 t of coal output

Canadian diversified miner Teck Resources said on Thursday that a "significant pressure event" that had interrupted operations in the coal dryer at its Elkview mine, in British Columbia, will cost... 

Codelco gets approval for revised El Teniente buildout

Chilean State-owned copper miner Codelco has received environmental approval to implement a revised expansion plan at its El Teniente mine, which contributes the most copper to the miner's... 

PTM widens Q4 loss as accounts due mount

Precious metals project developer Platinum Group Metals (PTM) has widened its net loss for the first fiscal quarter ended November 30 to $12.44-million, or $0.08 a share, compared with a net loss... 

Cliffs delivers second consecutive year of +25% Ebitda growth

US iron-ore company Cleveland-Cliffs has delivered on promises to aggressively drive up growth in its earnings before interest, tax, depreciation and amortisation (Ebitda) metric, reporting growth... 

Freeport rises on Q4 earnings beat

The world's largest publicly listed copper producer Freeport-McMoRan has reported a better-than-expected headline profit for the three months ended December, as its focus on productivity, cost and... 

Royal Road Minerals jumps on endorsement from Barrick

The TSX-V-listed stock of Royal Road Minerals jumped more than 25% on Wednesday following a major endorsement from miner Barrick Gold, which has signed a subscription agreement to increase its... 

Benchmark downplays investor fears of looming lithium oversupply, subsequent price crash

London-based Benchmark Mineral Intelligence has downplayed top-level investor fears this week regarding the potential for lithium market oversupply and an inevitable price crash to follow. The... 

Lydian International obtains cyanide permit for Amulsar

Lydian Armernia, the local subsidiary of Canadian project developer Lydian International has received a certificate of compliance with the International Cyanide Management Code (ICMC) for its... 

ArcelorMittal to spend C$70m to upgrade Quebec-based Contrecoeur mill

Multinational steel producer ArcelorMittal will spend C$70-million to 2020 to upgrade its Contrecoeur steel mill, in Quebec. The upgrade plans include expanding rolling capacity by 100 000 t/y by... 

Antofagasta takes a hit on lower output, higher cost outlook

London-listed and Chile-focused base metals miner Antofagasta has reported lower-than expected copper output for the fourth quarter, as lower output at Centinela offset higher production at Los... 

BC energy junior fined C$235 000 under the Migratory Birds Convention Act

Environment and Climate Change Canada announced on Tuesday that British Columbia-based energy junior Painted Pony Energy (formerly Painted Pony Petroleum) has been fined C$235 000 under the... 

Canadian miners welcome agreement on Trans-Pacific Partnership

Canada has agreed to a revised Trans-Pacific Partnership deal that excludes the US. "We are happy to confirm the achievement of a significant outcome on culture as well as an improved arrangement... 

Brio jumps 50% on friendly $264m Leagold takeover bid

The TSX-listed equity of Brio Gold jumped 50% on Tuesday following rising precious metals producer Leagold Mining's announcement of its intention to make a friendly $264-million all-scrip offer for... 

Revamped Barrick harkens back to founding principles as 'new generation' of discovery, partnerships beckon

The world's largest gold producer by output Barrick Gold is looking towards a more sustainable future based on a leaner, more tightly owned portfolio, with future growth increasingly hinging on... 

'There has never been a bigger disconnect between price and value' – VRIC 2018

"The disconnect between price and value is as stunning as I've ever seen," founder of The Stock Catalyst Report Michael Alkin told attendees at the Vancouver Resource Investment Conference (VRIC)... 

2018 minerals-focused financings off to slow start

In the wake of a slow start to mineral-focused financing activity, analysts are predicting more of the same for at least the first four months of 2018. This year is also not expected to surpass... 

Policy advocacy, tech innovation and fact-based talks key 2018 AME BC objectives

Government policy advocacy and fostering genuine fact-based conversations among all stakeholders in the minerals exploration and mining industries are main priorities for the Association for... 

Senator, uranium producers urge US govt to investigate reliance on Russian imports

US Republican senator for Wyoming John Barrasso has called on the Commerce Department to launch an investigation into the effects of uranium imports on US national security. "For years,... 

Nevsun discovers new high-grade copper/gold deposit east of Timok Upper Zone

Base metals producer Nevsun Resources announced this week that it has discovered a new high-grade copper/gold deposit about 500 m east of the Timok Upper Zone, in Serbia. Ongoing drilling has... 

China's proposed dual-credit scheme can reshape the EV market – WoodMac

China's electric vehicles (EV) market has grown exponentially to overtake the US as the world's largest EV market, thanks to heavy government subsidies to spur growth in the emerging automotive...