Guyana is open for business
Guyana has issued its first large-scale mining licence in the gold sector since 1991–giving Guyana Goldfields (GUY-T) the permission it needs to build and operate its Aurora project.
News
Molycorp: A Made-in-America solution
In late October Molycorp (MCP-N) bused journalists from Fortune, Wired, Mother Jones and The Northern Miner, among others, down Interstate 15 from Las Vegas to meet president and chief executive Mark Smith and tour the company’s Mountain Pass…
PwC: Exploration spending, costs soar
Exploration spending in the 12 months leading to June 30 increased 115% year-on-year, while total production costs have more than quintupled since 2006, rising more than 23% between 2010 and 2011, consulting firm PwC concludes in its annual…
People
Alcoa – Kelly Pasterick appointed director of investor relations, succeeding Roy Harvey, who was appointed CFO of Global Primary Products; William Oplinger appointed COO of Global Primary Products.
Early but promising results for Ethos
The first trenching results are in from Ethos Capital’s (ECC-V) Mascot Creek gold zone in the Yukon, and they are promising.
Silver Wheaton scores a triple with dividend boost
Silver Wheaton’s (SLW-T, SLW-N) shareholders have something to be happy about: The company has just tripled its dividend after doubling revenue and operating cash flow for the third quarter.
New Gold on track to produce 1M oz. a year
New Gold’s (NGD-T, NGD-X) third-quarter results are in, and they show the company shaping itself into a significant mid-tier gold producer.
Silver Standard slashes Pirquitas’ reserves
Silver Standard Resources (SSO-T, SSRI-Q) hopes it has put an end to lingering troubles at its Pirquitas silver mine in Argentina, with no further plant shutdowns or surprises. The latest surprise was a 52% reduction in the mine’s…
Hammond Reef resource swells to 10.5M oz. gold
The owner of Canada’s largest gold mine has news from the largest drill program being completed at a mining project in the country.
Rodinia shares jump on PEA findings
Shares of Rodinia Lithium (RM-V) surged 42% to close at 30.5¢ on Nov. 8 after the junior exploration and development company released results of a preliminary economic assessment (PEA) of its lithium brine project in northern Argentina’s…
Luna Gold thwarts thieves in Brazil
The second time around wasn’t so lucky for a band of robbers at Luna Gold’s (LGC-V) Aurizona mine in northeastern Brazil.
Argonaut finds its golden fleece in Mexico
October was a busy month in Mexico for new Canadian producer Argonaut Gold (AR-V).