Of Yamana Gold’s (YRI-T, AUY-N, YAU-L) $125 million budgeted for exploration this year (a 10% increase over 2011), about $29.5 million or 23% is earmarked for northern Chile, where it owns 100% of the high-grade El Peñón…
Investors are hardly in the mood for risk.
Harry Winston Diamond’s (HW-T, HWD-N) earnings for the first quarter of fiscal 2013 tripled to US$11.6 million on higher rough diamond sales and stronger retail performance, but missed analysts’ expectations.
The discovery of two new zones of copper mineralization at the Taca Taca project failed to lift the share price of Lumina Copper (LCC-V) largely due to widespread anti-Argentina sentiment in the wake of President Cristina Fernandez’s…
VANCOUVER — Recently-listed Atico Mining (ATY-V) has joined the many new companies exploring for gold in Colombia, but the company plans to set itself apart with its management team and strategy.
Barrick Gold (ABX-T, ABX-N) took a mild beating after it named a new chief executive in a move to bolster its share price, leaving some analysts wondering if turbulent waters lie ahead.
VANCOUVER — Cashed-up gold producer Aurizon Mines (AKZ-T, AZK-X) has taken a step-back from the development threshold on its Joanna gold property 20-km-east of Rouyn-Noranda, Quebec. The company made the decision following the release of…
Chief investment strategist Dale Choi of Frontier Securities in Ulaanbaatar reported today that Mongolia’s Ministry of Mineral Resources and Energy is proposing measures that would designate at least 30% of the country’s…
Unpopular mergers were behind some tough news for two of Canada’s largest gold miners on Wednesday.
The first phase of production at McEwen Mining’s (MUX-T, MUX-N) El Gallo deposit in Sinaloa, Mexico is scheduled to start during the third quarter, but in the meantime the Toronto-headquartered company has grown the measured and indicated…
VANCOUVER — Kivalliq Energy (KIV-V) is cashed-up and moving forward with an ambitious exploration program on its 1,000-sq.-km Angilak property in Nunavut.
VANCOUVER — As with many developing countries, there is a natural resource duality in Peru that can trigger tension between pro-mining interests and local communities. Switzerland-based mega-miner Xstrata PLC (XTA-L) is stuck in the…
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