News

Change the only constant for Ivanhoe

VANCOUVER — Change and progress are the name of the game for Vancouver-based Ivanhoe Mines (IVN-T, IVN-N) as the company adjusts to a takeover by Rio Tinto (RIO-N, RIO-L, RIO-A) and approaches first production at its world-class Oyu…


[Update] Brigus turns a corner

Brigus Gold (BRD-T, BRD-X) says it is “just going to keep on improving” to reach a steady annual production rate of 100,000 oz. gold by year end at the Black Fox gold mine in Timmins, Ont.  


Nothing to fear for copper projects in Argentina

When Lumina Copper (LUM-V) announced earlier this month that it had significantly increased the size of its Taca Taca project in Argentina, mining analyst Adam Low of Raymond James raised his six-to-twelve month target price on the stock by…


Time is not on Baja Mining’s side

There is “substantial doubt” that Baja Mining (BAJ-T, BAJFF-O) will be able to continue as a going concern, the company declared on May 16 in its first-quarter earnings analysis under a section entitled Risk Factors.


Inmet finances Cobre Panama under majority ownership

VANCOUVER — Toronto-based major Inmet Mining (IMN-T) has opted to retain its majority interest in the world-class Cobre Panama copper-gold project through development financing, as the company announced a hybrid plan that would see it…


Canaco dives 66% on resource estimate

Canaco Resources (CAN-V) took a deadly plunge, losing 66% on a maiden resource estimate for the Magambazi area of the Handeni gold project in Tanzania.


Updated: Hana plunges on Ghanzi scoping study

VANCOUVER — Hana Mining’s (HMG-V) share price dropped 68% after the company released a long-awaited first economic study on the Banana Zone and Zone 5 at its 70%-owned Ghanzi project in Botswana.


Xstrata and JX Nippon commit $35M to B.C. coal project

VANCOUVER — Xstrata’s (XTA-L) coal division is wasting little time in advancing its recently secured coal fields in British Columbia’s Peace River region as it and 25% joint venture partner JX Nippon Oil and Energy launch into a…


Copper Mountain’s Q1 results surpass expectations

An impressive ramp up at the Copper Mountain mine in southern British Columbia and higher than anticipated first-quarter revenue suggest that shares of Copper Mountain Mining (CUM-T) represent an attractive risk-reward trade-off, mining analyst…


The core shack at Moneta Porcupine Mines' Golden Highway project, 100 km east of Timmins, Ont., holds more than 250 km of historical core. Photo by Moneta Porcupine mines

Moneta Porcupine boosts Golden Highway

Just four months after reporting a 3.1-million-oz. gold resource from three open-pit zones at its flagship Golden Highway project 100 km east of Timmins, Moneta Porcupine Mines (ME-T) is back in the news with drill results from a fourth zone…


Freeport in eye of Indonesia’s nationalization storm

 The world’s largest, publicly traded copper producer, Phoenix-based Freeport-McMoRan Copper & Gold (FCX-N), is standing tough in the face of simmering labour turmoil and nationalization overtures aimed at its Grasberg…



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