Minera IRL (TSX: IRL; LSE-AIM: MIRL) has struck a US$80-million debt and equity deal with private Argentine business interests that will allow the Lima-based gold miner to go ahead with mine construction at its advanced Don Nicolas gold project…
Sometimes working with minority shareholders in joint-venture partnerships in Southeast Asia can present unusual challenges—a lesson St. Augustine Gold and Copper (TSX: SAU) is learning all too well at its enormous…
VANCOUVER – A new estimate for Macusani Yellowcake’s (TSXV: YEL) suite of uranium properties on the Macusani Plateau in southeastern Peru has boosted the resource count by 167% in advance of a preliminary economic assessment (PEA) due out…
Sherritt International (TSX: S; US-OTC: SHERF) reported a second-quarter net loss of $10.7 million, or 4¢ a share, falling below earnings of $40.8 million, or 14¢ a share, a year ago.
The S&P/TSX Venture Composite Index continued to lose ground during the period, dropping roughly 3.47 points en route to close at 920.09. The Venture struggled mid-week over growing concerns over the expiry date of the U.S. Federal…
VANCOUVER — Rio Tinto (NYSE: RIO; LSE: RIO) has taken another step in its effort to sell non-core assets and reduce its debt with a deal to sell its 80% stake in the Northparkes copper mine in Australia to China Molybdenum (US-OTC: CMCLF)…
U.S. stocks ended the Aug. 5–9 trading week lower with the Dow Jones Industrial Average slipping 1.5% or 232.85 points to 15,425.51 amid ongoing speculation about when the Federal Reserve will start tapering off its stimulus program.
“Pink Sheets” aren’t nearly as much fun as they sound, at least in the world of penny stock investing. Mid-August saw the U.S. Federal Bureau of Investigation and the Royal Canadian Mounted Police team up to make seven arrests in New…
Barrick Gold (TSX: ABX; NYSE: ABX) is writing down the value of its assets by US$8.7 billion and slashing its quarterly dividend in response to the recent decline in metal prices.
CHAPLEAU, ONT. — Play the game of word association with anyone who has heard of the small town of Chapleau, located west of Timmins in northern Ontario, and lumber, wildlife and railcars are bound to come up.
The holiday-shortened trading period wasn’t a typical one for the S&P/TSX Composite Index. While often the index will trend in line with the resource sector that makes up a large part of it, for this period the two moved in opposite…
VANCOUVER — Based on production metrics, Tanzania-focused African Barrick Gold (LSE: ABG; US-OTC: ABGLF) is having a relatively good start to 2013. Over the past six months the company has beaten analysts’ earnings…
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