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Henry Lazenby

Henry Lazenby

Henry Lazenby is Creamer Media Deputy Editor: North America for Mining Weekly.

Tel: +27 11 622 3744 / +1 647 352 1305

Email: newsdesk@engineeringnews.co.za / henry@miningweekly.com

 

Alamos expands revolver by $250m

22nd September 2017 TSX- and NYSE-listed miner Alamos Gold has reached agreement with its syndicate of lenders to increase its undrawn existing $150-million revolving credit facility by $250-million to $400-million on more favourable terms the company announced on Thursday. Based in Canada’s financial capital... 

Primero’s fall from grace accelerates on San Dimas ramp-up delay

22nd September 2017 Precious metals producer Primero Mining’s proverbial fall from grace is near complete with the company once more trading in penny stock territory since early September – a level last seen in 2009 and a far cry from its peak at C$8.89 a share in July 2014. The Toronto-based company’s NYSE- and... 

Zinc darling Trevali poised for further organic, M&A growth as prices climb

22nd September 2017 Following the recent $400-million acquisition of a portfolio of zinc assets from mining major Glencore, Vancouver-headquartered Trevali Mining has become the go-to investment vehicle for investors keen to get in on rising zinc prices. Supported by strong fundamentals, including a growing supply... 

Eldorado calls off threat to shutter Greek development projects as relations thaw

21st September 2017 Canadian gold producer Eldorado Gold reports that icy relations with the leftist Greek government is on the mend, and it has temporarily postponed its threats to mothball development of the Kasandra Mines assets in Halkidiki, Northern Greece. The Vancouver-based company said on Thursday that it... 

Roxgold lifts FY guidance 9%

21st September 2017 TSX-listed issuer Roxgold has increased its full-year guidance by nearly 9% to a range of between 115 000 oz and 125 000 oz of gold, compared with the previous guidance of 105 000 oz to 115 000 oz. The Toronto-based company, which operates its flagship Yaramoko gold mine, in the Houndé greenstone... 

PotashRidge to spin out Quebec assets; Encanto secures C$100m for Muskowekwan work

21st September 2017 Despite a potash glut, junior project developers are making steady progress developing the next generation of mines that will provide plant nutrients needed to cater for exploding food demand across the globe. TSX-listed PotashRidge announced on Wednesday that it would spin out its Quebec assets... 

Angkor, Renaissance get Cambodian approval to proceed with Koan Nheak exploration

20th September 2017 TSX-V-listed Angkor Gold has, together with its joint venture partner Renaissance Minerals, received approval from the Cambodian Ministry of Mines and Energy to proceed with their joint exploration plans of Koan Nheak under a definitive earn-in agreement signed in July. Renaissance is a Cambodian... 

PotashCorp curtails some capacity; Mosaic flags Irma disruption

20th September 2017 Canada’s largest potash producer PotashCorp of Saskatchewan said on Wednesday it would curtail some capacity to balance its supply with market demand. Saskatoon, Saskatchewan-based PotashCorp said it would fully rely on its lowest-cost Rocanville operations, while the Allan operation would... 

Integra seizes precious metals opportunity in Idaho

20th September 2017 Mere months after Integra Gold was bought out in a deal worth about C$590-million by Eldorado Gold, essentially the same team – reincarnated as Integra Resources – has reached agreement with major Kinross Gold to buy the DeLamar gold/silver mine, in Southern Idaho. The C$7.5-million... 

H1 2017 shows world refined copper deficit of 75 000 t

20th September 2017 The world’s refined copper balance for the first half of 2017 indicates a deficit of around 75 000 t, including revisions to data previously presented, the Lisbon-based International Copper Study Group revealed on Wednesday. This is mainly owing to stagnant growth in the world refined copper... 

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