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Gold Fields spins out two mines in SA

Gold Fields (GFI-N) is lowering its South African risk by spinning out a wholly owned subsidiary — which holds the country’s KDC and Beatrix gold mines — into a new firm called Sibanye Gold. While this may sound like a…


Drill rigs, with the Salton Sea in the background, at Teras Resources' Cahuilla gold-silver project in Imperial County, southern California. Source: Teras Resources

Teras top 1M oz. gold at Cahuilla in Cali

Calgary-based explorer Teras Resources (TRA-V) accomplished its first goal at its flagship Cahuilla gold-silver project in northwest Imperial County, California. On Nov. 30, the company pulled together historic data and results from a two-year…


A view of the creek running through Brixton Metals' Thorn property. Source: Brixton Metals

Brixton cuts high grades at Oban in 2012

VANCOUVER — Vancouver-based explorer Brixton Metals (BBB-V) cannot help but be excited by the silver-equivalent grades it has been cutting at its Thorn pollymetallic project 130km southwest of Atlin in northwestern British Columbia….


Workers at Stonegate Agricom's Montaro storage facility. Source: Stonegate Agricom

Paris Hills gets bigger, better for Stonegate

Stonegate Agricom (ST-T) has stepped closer to bringing its Paris Hills phosphate project in Idaho on-stream, potentially by late 2014, with a positive feasibility study outlining a bigger and better project than previously thought.


Heavy machinery at Semafo's Mana mine. Source: SEMAFO Inc

Semafo rights the ship

Semafo (SMF-T) is bouncing back from a tough third quarter which saw production dip at its key mine in West Africa.


Goliad is good to go

Uranium Energy Corp.’s (UEC-X) Goliad in-situ recovery (ISR) project in the uranium belt of southern Texas has received its final permit and is now fully authorized for production, which Haywood Securities analyst Colin Healey expects…


Lundin's Neves-Corvo copper-zinc mine in Portugal. Source: Lundin Mining

Lundin slips on three-year output guidance

Toronto-based Lundin Mining (LUN-T) dropped slightly after publishing its three-year production outlook for 2013 to 2015, as it lowered its estimates for copper, zinc and nickel from its previous guidance, but managed to keep them above 2012…


First Quantum's Kansanshi open pit copper mine. Source: First Quantum

First Quantum adds heft to two Zambian projects

Proving that it isn’t entirely pre-occupied with a potential merger with Inmet Mining (IMN-T), First Quantum Minerals (FM-T) found the time to deliver some serious tonnage from two of its projects in Zambia.


Corvus considers two-stage development at Bullfrog

VANCOUVER — Vancouver-based explorer Corvus Gold (KOR-T) has released an amended preliminary economic assessment (PEA) on its wholly-owned North Bullfrog gold project in southern Nevada that models a heap-leach operation averaging 74,800…


Workers at Western Potash's Milestone Project. Source: Western Potash

Western Potash up on positive Milestone feasibility

Western Potash (WPX-T) gained nearly 7% after publishing a positive feasibility study that showed the proposed Milestone potash solution mine near Regina, Sask., could produce 2.8 million tonnes of potassium chloride (KCl) a year for 40…


Dolly Varden hopes to find the next Eskay Creek

VANCOUVER — The management team at Vancouver-based Dolly Varden Silver (DV-V) had been keeping its eye on an intriguing piece of mining history in northwestern British Columbia’s Stewart complex for quite some time. Both Chairman…


An eastward view towards the Minapampa orebody (centre, in flat, grassy area) at Minera IRL's Ollachea gold project in late 2011. Artisanal miners' structures can be seen at the valley bottom, and hidden even deeper in the valley in the distance is the village of Ollachea. The tunnel portal is in the adjacent valley to the left. Photo by John Cumming

Ollachea delivers for Minera IRL in Peru

Lima-based gold miner Minera IRL (IRL-T, MIRL-L) has completed a definitive feasibility study on its wholly owned Ollachea gold project in southeastern Peru that shows strong potential for a robust underground mine that could produce 113,000…


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