VANCOUVER — Newcrest Mining (NM-T, NCM-A) has reopened its Lihir gold mine in Papua New Guinea (PNG) after a brief suspension of operations, just as it outlines the potential of Golpu, another major PNG project.
CIBC mining analyst Cosmos Chiu, who recently returned from a site visit to Detour Gold’s (DGC-T) gold project in northern Ontario, forecasts first production at the mine in February 2013 with commercial production after the mid-year…
Turquoise Hill Resources (TRQ-T, TRQ-N), formerly known as Ivanhoe Mines, says the first construction phase at its sizeable 66%-held Oyu Tolgoi copper-gold project in Mongolia’s South Gobi desert is wrapping up with initial production…
VANCOUVER — Just three months after finalizing a US$27-million deal with Cluff Gold (CLF-L, CFG-T) for its Sega gold project in Burkina Faso, Ottawa-based explorer Orezone Gold (ORE-T) looks to have another West African success story on…
Medusa Mining’s (MML-L, MML-Z) vein system at its Co-O underground mine in the Philippines — which remains open at depth and in all directions — produced 15,557 ounces of gold in the quarter ended June 30 at cash costs of…
VANCOUVER — With three successful gold operations in China, Vancouver-based producer Eldorado Gold (ELD-T, EGO-N) has established a strong track record in a mining jurisdiction that offers a variety of challenges for international…
Dundee Capital Markets has hiked its twelve-month target price on Keegan Resources (KGN-T) by $1.50 to $5.50 per share after the West Africa-focused junior outlined ways of cutting capital costs by as much as US$246 million at its flagship…
The S&P/TSX Composite Index jumped 199 points, or 1.7% during the trading week, to close at 12,089.89. The boost came in part from positive economic data and Germany’s commitment to save the euro currency union. The S&P/TSX Global…
The S&P/TSX Venture Composite Index rallied to its highest level since July during the period, rising 42 points, or 3.6%, en route to a 1,233.17 weekly close. Spot gold rose to US$1615.80 per oz. to finish the week, and silver continued to…
The Dow Jones Industrial Average and the S&P 500 Index posted gains for the sixth consecutive week, buoyed by comments from German Chancellor Angela Merkel that she supports the European Central Bank’s efforts to fight debt, and…
SPOT PRICESCourtesy of ScotiaBankTuesday, August 7, 2012 Precious MetalsPrice…
TSX Short Positions Short positions outstanding at July 31/12 (with changes from July 15/12). Largest Short Positions…
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