News

Eastern Platinum's Mareesburg platinum project in South Africa, where development has been suspended. Photo by Eastern Platinum

Eastplats stung by platinum price drop

A softening platinum market is taking a bite out of miners as companies face shrinking margins and production challenges, especially in South Africa’s prolific Bushveld complex, which accounts for 72% of global platinum output.The…


Panoro Mineralspersonnel and visitors at the Cotabambas copper-gold project in Peru, 48 km southwest of Cuzco. Photo by Ian Bickis

Panoro shows promise in Peru

Panoro Minerals (PML-V) has over a dozen properties in Peru, but is focusing on developing its two advanced-stage projects in the country’s southeastern region.Its top priority is the wholly owned Cotabambas copper-gold project,…


Workers install a pebble crusher at Xstata's Antapaccay copper project in Peru. Photo by Xstrata

Xstrata copes with civil unrest in Peru

As with many resource-rich developing countries,   there can be tensions in Peru between pro-mining interests and affected local communities. Switzerland-based Xstrata (XTA-L) is stuck in the middle of such a dispute as regional…


A mill at Yamana Gold's El Penon gold-silver mine, 160 km southeast of Antofagasta, Chile. Photo by Yamana Gold

Yamana ramps up exploration at El Penon

Of Yamana Gold’s (YRI-T, AUY-N) $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 Penon…


Banro faces delay during Twangiza ramp-up

VANCOUVER — Just days after taking the keys from mine developer Banlaw Afrique, Canadian gold outfit Banro Corp. (BAA-T, BAA-X) has run into delays during the comissioning of its 100%-owned Twangiza open-pit mine 45 km southwest of Bukavu…


Centerra drops as Kyrgyz gov’t reviews Kumtor

Centerra Gold (CG-T) plunged more than 30% as the Kyrgyz parliament debated the fate of the company’s Kumtor gold project in Kyrgyzstan on Friday, while investors worried about the possibility of Centerra losing its mining licence.



Uranerz discovers new uranium trend

Uranerz Energy Corp. (URZ-T, URZ-X, URZ-N) says it has discovered a new uranium trend on its Monument project, just 24 kilometres southeast of where the company is building its first in-situ recovery uranium mine at the Nichols Ranch project in…



NGEx hits big copper strikes at Josemaria, Los Helados

VANCOUVER — Vancouver-based copper explorer NGEx Resources (NGQ-T) is enjoying a June comeback, as the company benefits from drill results on promising targets at its land package on the established Region III corridor along the…


Gran Colombia builds up Marmato

Gran Colombia Gold (GCM-T) has made a significant boost to its resources at its Marmato project in Colombia, even if it did cost a bit of grade to do so.


Iamgold to sell Quimsacocha

Shares of INV Metals (INV-T) surged 46% to 16¢ on news the Toronto-based company plans to acquire the Quimsacocha gold project in Ecuador from Iamgold (IMT-T) in a move it hopes will take it from a junior exploration company to an…


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