First Majestic hits fresh silver production record, revenue jumps 78 pct
Output of the precious metal in the three months to Sep. 30 increased 20% to 3.1 million ounces — a new quarterly record.
Cecilia Jamasmie , Editor-in-Chief
Posts by Cecilia Jamasmie:
Rio Tinto energy and minerals chief suspended over Simandou bribery claims
Alan Davies suspended after miner found payments made to consultant in 2011, when he was in charge of the iron ore project.
Former Canadian Mint employee guilty of smuggling $165K of gold
Leston Lawrence, 35, stole 22 gold pucks by carrying them in his rectum to evade metal detectors.
Major Aussie miners BHP, Hancock to mine in Ecuador — report
Ecuador began last month granting licences for new exploration areas, with over 300 of them to be awarded by the year-end.
Dominion moves headquarters to Calgary in cost-cutting effort
The move comes on the heels of a similar decision by De Beers Canada, which moved its headquarters from Toronto to Calgary in July.
Gold demand plummets as central banks, consumers hold off — WGC
Consumer demand for jewellery, coins and bars, dropped by a quarter as high prices slowed down acquisitions from top consumers China and India. Investments, however, were up by 44%.
Japex postpones oil sands expansion project to mid-2017
Move will push up costs by Cdn$250 million ($187M).
Canada’s Quebec injects $130M into Tata Steel Quebec-Labrador iron ore project
Financing consisted of a loan of $50 million from Investissement Quebec along with $125 million for an 18% equity stake in TSMC through Ressources Quebec.
Chinese coking coal futures hit the roof
The most-traded coking coal for January delivery on the Dalian Commodity Exchange soared 10% to 1,516 yuan ($224) a tonne, a record high.
World’s largest gold project just got rather expensive
Updated study shows it would cost $5 billion, or over 20% of Barrick Gold's current market value.
Newmont eyes 5M-ounce boost from Lihir gold mine
Management noted progress in growth projects, including regulatory approvals for Red Chris, and Cadia resuming production.