Wesdome on track to meet guidance, invests in Eagle River and Kiena

Hundreds of feet below thick forest blanketing the Canadian Shield, a squad of near-silent, battery-powered machines are tunneling toward gold in an experiment to ditch diesel.

Petropavlovsk's largest shareholder, who is calling for an overhaul of the board, plans to sell the company's stake in an iron ore unit and draw up gold sector deals.

Shares in the gold miner went ballistic over the news, jumping around 52% in London and more than 59% in Toronto.

First Quantum will invest $1.5 million to advance exploration work at the Orquideas and Cascas assets in the first year, with the option of investing an additional $37 million over the course of the subsequent four years covered by the deal.

The panel reviewed the 27 mines in the world's No. 2 nickel ore supplier that former Environment and Natural Resources Secretary Regina Lopez ordered closed or suspended last year.

Sumitomo’s move comes as Japanese trading companies have been grabbing assets and increasing their stakes on a few of them thanks higher commodities prices, which have boosted their profits.

Rockhaven Resources.

U-S-A!

The country cut its holdings of Treasuries nearly in half in April as Washington slapped the harshest sanctions to date on a selection of Russian companies and individuals.