Stornoway adds three years to mine life at Renard
A new mine plan that incorporates revisions to mineral resource estimates completed in 2013 and 2015 adds three additional years of production to Stornoway Diamond’s (TSX: SWY) Renard project, which…
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Rock Hounds
Diamonds in Canada’s annual roundup of Canadian-listed producers, developers and active juniors Alto Ventures Alto Ventures (TSXV: ATV) has negotiated more time to earn a 60% stake in the GEFA…
Brazil Resources works fast in Alaska
Just one month after releasing its first resource on the Island Mountain gold-copper porphyry at its Whistler project in central Alaska, Brazil Resources (TSXV: BRI; US-OTC: BRIZF) has completed a…
Focus improves phosphate mine plan at Bayovar
VANCOUVER — Focus Ventures (TSXV: FCV) has updated a prefeasibility study at its Bayovar 12 phosphate property, 70 km south of the city of Piura, Peru. It envisages a a US$168-million development…
Silver Standard may use Chinchillas as feed for Pirquitas
VANCOUVER — Silver Standard Resources (TSX: SSO; NASDAQ: SSRI) is moving forward on pre-development studies that may lengthen mine life at its Pirquitas silver mine in northern Argentina’s Jujuy province,…
Argentine tycoon Elsztain bets big on gold
Eduardo Elsztain — one of Argentina’s richest men — has been buying and selling hard assets for the last 35 years. His first real estate deal in 1982, when he…
TSX Venture marches upwards, May 9-13
The S&P/TSX Venture Composite Index advanced towards one-year highs, up 1.6%, or 10.71 points, en route to a 679.68-point weekly close. Spot gold dropped 1.21%, or US$15.54, to US$1,273.45 per…
Guyana Goldfields off to a strong start at Aurora
VANCOUVER — Guyana Goldfields (TSX: GUY; US-OTC: GUYFF) has wrapped up its first commercial quarter at the Aurora open-pit gold mine in Guyana, and the results hint at an operation that’s…
Hunt Mining acquires Martha mine in Argentina
Matthew Hughes found the Martha silver deposit while looking out the window of his pick-up truck. It had just rained and a red line streaked across the dirt road in…
Eldorado exits China with US$900-million in asset sales
VANCOUVER — It took two years, but mid-tier gold miner Eldorado Gold (TSX: ELD; NYSE: EGO) is finally divesting all of its development and production assets in China with the…
US markets end in the red, May 9-13
Concern about domestic and global growth sent the Dow Jones Industrial Average and the S&P 500 Index into the red for the third straight week. The Dow fell 1.12% to…
TSX ekes out slim gain, May 9-13
The ferocious wildfires in Alberta’s oil patch around Fort McMurray knocked an estimated 1 million barrels a day offline, prompting many economists to lower their 2016 gross domestic product growth…