Rio Alto keeps its profit and cuts costs
Rio Alto Mining (TSX: RIO; NYSE: RIOM) may have missed its earnings estimate, but it still showed the market it could turn a profit in a lean gold-price environment.
News
Namoya boosts Banro’s gold reserves 53%
Toronto-based Banro (TSX: BAA; NYSE-MKT: BAA) has published an initial reserve estimate for its new Namoya gold mine in the Democratic Republic of the Congo, pushing up company-wide reserves by 53% to 2.36 million oz.
New Millennium, Tata Steel show Taconite is feasible
VANCOUVER — The Taconite project feasibility study is complete, which means that in four months project-owner New Millennium Iron (TSX: NML) should know whether joint-venture partner Tata Steel will turn the Labrador Trough iron-ore…
Tesla drives momentum for Western Lithium
When electric-carmaker Tesla Motors (NASDAQ: TSLA) announced on Feb. 26 that it would build the world’s largest lithium-ion battery factory in the U.S., Western Lithium (TSX: WLC; US-OTC: WLCDF) surged 36% to 72¢ per share, with…
CB Gold clears up concession concerns, releases Vetas resource
VANCOUVER — It’s been a tumultuous six months for Colombia-focused explorer CB Gold (TSXV: CBJ; US-OTC: CBHDF) and its Vetas gold project, 325 km northeast of Bogota. The company saw former president and director Giles Baynham…
Golden Star’s drills hit at Wassa ahead of PEA for underground mine
VANCOUVER — West Africa-focused gold producer Golden Star Resources (TSX: GSC; NYSE-MKT: GSS) is defining the economics of mining an underground extension to its open-pit Wassa gold mine in southwestern Ghana.
Rio Tinto gives its Northern Dynasty stake to Alaskan charities
In yet another apparent setback for Northern Dynasty Minerals (TSX: MDM; NYSE-MKT: NAK) and its controversial Pebble copper-gold-molybdenum project in Alaska, Rio Tinto (NYSE: RIO; LSE: RIO) is giving its 19.1% stake in the company to two local…
HSBC’s bullish bias on platinum
Strikes at South Africa’s three largest platinum producers, robust global demand from the auto sector, and strong jewelry demand in China, will push the average price of platinum this year to US$1,595 per oz., James Steel and Howard Wen of HSBC…
CB Gold outlines small gold-silver resource at Vetas
It’s been a tumultuous six months for Colombia-focused explorer CB Gold (TSX: CBJ; US-OTC: CBHDF) and its Vetas gold project 325 km due northeast of Bogotá. The company saw former president and director Giles Baynham depart in late…
Bullman Minerals completes first resource in Guinea
Bullman Minerals (TSXV: FUL) believes it’s off to a good start in West Africa where it has two projects on the Birimian Gold Belt in northeastern Guinea.
Excellon CEO on Mexico, taxes and trust
Excellon Resources’ (TSX: EXN; US-OTC: EXLLF) La Platosa Mine in Durango is one of the world’s highest-grade silver mines. The mine also boasts lead and zinc by-products that make it one of the lowest cash-cost silver mines in…
Victoria Gold’s mission: Build Yukon’s first major gold mine
MAYO, YUKON — To prospectors, Yukon and gold are almost synonymous, an equivalence the territory earned by churning out 20 million oz. placer gold. It is odd to think, then, that Yukon has never been home to a significant hard-rock gold…