Fortuna sees a reversal of fortunes
Fortuna Silver Mines(FVI-T, FSM-N) is the latest company to get hammered for cost escalations after missing 2011 projections and forecasting higher costs for 2012.
News
Rockex advances island iron ore deposits in Ontario
The iron ore deposits on Eagle Island, Fish Island and Wolf Island at the southwestern end of Lake St. Joseph in northwestern Ontario were first detected at the turn of the century by employees of the Hudson’s Bay Company, long before…
Miner killed at Lake Shore’s Timmins West mine
Lake Shore Gold’s (LSG-T, LSG-X) share price continued to slide following the death of a miner at its newly producing Timmins West gold mine in Ontario on April 2.
African Gold extends mineralization at Kobada
Northern stepout holes drilled at the Kobada gold project in southern Mali will have a positive impact on a revised resource estimate due later this year, African Gold Group(AGG-V) says.
Rio may sell its diamond assets
Rio Tinto (RIO-N) is pondering whether its diamond assets have lost their sparkle. The world’s third-largest miner has launched a strategic review of three diamond mines and one advanced diamond project to determine if they fit its…
Rambler firing up production at Ming
Hard work appears to be paying off for London-based Rambler Metals and Mining (RAB-V). The company has reported three-month operational highlights, including maiden gold production details from its Ming gold-copper mine on Newfoundland’s…
Silver Wheaton rises on record 2011 revenues
Silver Wheaton (SLW-T, SLW-N) is the reigning king of silver-stream financing, and saw notable growth in 2011.
Jaguar Mining licks its wounds
Jaguar Mining (JAG-T, JAG-N) saw costs rise and profits fall in 2011 despite an increase in gold production and gold prices.
Allied Nevada to benefit from economies of scale with Hycroft-Hasbrouck plan
VANCOUVER — It’s looking like a big year for Reno-based Allied Nevada Gold (AVN-T, AVN-X), with an US$1.2-billion expansion plan underway at its wholly-owned Hycroft gold-silver mine in Humboldt County and a proposed US$78-million…
Mega keeps the ball rolling at Monument Bay
Mega Precious Metals’ (MGP-V) president and chief executive James Rogers has lofty plans for the company’s Monument Bay gold project in northeast Manitoba, which was previously drilled by past operators as a potential high-grade…
Alderon signs hybrid joint-venture, off-take agreement with Chinese steel leader
VANCOUVER — Vancouver-based Alderon Iron Ore (ADV-T, AXX-X) took a big step towards putting its Kamistiatusset (Kami) iron-ore project on the Labrador-Quebec border on the development track by entering into an US$195 million…
Montero proves up phosphate play to develop rare earths
Montero Mining and Exploration (MON-V) has proven up an asset that it will likely never develop.