Belo Sun revises Volta Grande’s mine plan
Belo Sun Mining (TSX: BSX; US-OTC: VNNHF) has gone with a start-small-but-finish-big approach in a preliminary economic assessment (PEA) for its Volta Grande gold project in Brazil’s Para state.
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Capstone misses but analysts remain upbeat
Capstone Mining (TSX: CS; US-OTC: CSFFF) may have missed on earnings, but its operations are performing well, and it expects good things to come from its recently acquired Pinto Valley copper–moly mine in Arizona.
Verde Potash scores major funding from Brazilian government
VANCOUVER — It has been just over five years since Verde Potash (TSX: NPK; US-OTC: AMHPF) staked its Cerrado Verde potash project in western Minas Gerais, Brazil, with the goal of meeting the country’s growing fertilizer demand. And…
Japan sees reactors in future, uranium investors rejoice
It didn’t come as a total surprise, but the Japanese government’s pronouncement that nuclear reactors will be part of its future offered uranium miners and investors alike the shot in the arm that has been so long overdue.
Augusta blasts Hudbay’s ‘lowball’ hostile bid
Augusta Resource’s (TSX: AZC; NYSE-MKT: AZC) board calls the unsolicited takeover offer by Hudbay Minerals (TSX: HBM; NYSE: HBM) “grossly opportunistic” and “lowballed,” and urges shareholders to reject the…
Atacama Pacific Gold grows Cerro Maricunga
Over the last three years, Atacama Pacific Gold (TSXV: ATM; US-OTC: ACPGF) has advanced its Cerro Maricunga gold deposit in northern Chile from a grassroots discovery to one of the largest undeveloped oxide gold deposits in the world, with 3.5…
AuRico cuts costs as Young-Davidson takes the next step
VANCOUVER — As lower realized gold prices become the norm producers have received a clear message from markets: cut the fat and boost the margins. And AuRico Gold (TSX: AUQ; NYSE: AUQ) is aiming to move in that direction as it implements…
Centerra closer to restructuring Kumtor’s ownership
Centerra Gold (TSX: CG; US-OTC: CAGDF) says Kyrgyzstan’s parliament has passed a resolution that appears to support the new ownership structure for the country’s largest gold mine, despite several “materially…
Cliffs puts the brakes on spending, swings to Q4 profit
On his second day on the job at Cliffs Natural Resources (NYSE: CLF) three months ago, newly appointed president and chief operating officer Gary Halverson shelved the company’s $3.3-billion plan to build a chromite mine in the Ring of…
Richmont expects $13.5M writedown at W Zone mine in Val-d’Or
Montreal-based Richmont Mines (TSX: RIC; NYSE-MKT: RIC) anticipates taking a $13.5-million impairment charge at its W Zone underground mine near Val-d’Or, Que., after recalculating the mine’s year-end 2013 reserves using a lower…
Agnico up on strong production, despite huge writedown
Agnico Eagle Mines (TSX: AEM; NYSE: AEM) kept its shares in the green after revealing strong operational results in the fourth quarter and full-year 2013, despite swallowing a huge impairment charge that weighed on earnings.
Correction
The story “Newmont sees rough road this year” (T.N.M., Feb. 10–16/14) incorrectly reported Newmont Mining’s 2014 production guidance as 4.4 to 4.8 million oz. gold. Newmont’s attributable production guidance for…