Yamana takes US$536M impairment charge in Q4
Yamana Gold (TSX: YRI; NYSE: AUY) saw its fourth-quarter earnings diminish after several of its exploration projects and operations took impairment charges partly due to the decline in metal prices.
Copper
Prosper Gold thinking big at Sheslay copper project
VANCOUVER — There is a lack of early stage copper deposits in B.C. boasting economic grades under prevailing metal prices, and the team at Prosper Gold (TSXV: PGX) is hoping its Sheslay property — located 105 km southwest of…
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.
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…
Virginia Mines funds Coulon exploration
Virginia Mines (TSX: VGQ; US-OTC: VGMNF) has sealed a deal with three institutional funds in Quebec that will help finance a $28-million accelerated exploration program on its Coulon project, a…
Excelsior’s strong economics at Gunnison create market stir
VANCOUVER — Excelsior Mining (TSXV: MIN) took its time with a prefeasibility study (PFS) at its Gunnison copper project in southern Arizona, but when the company finally unveiled its results on Jan. 17, the market took notice. Excelsior…
First Quantum expands on Inmet’s vision at Cobre Panama
In an era when investors are demanding leaner budgets and more efficient projects, First Quantum Minerals (TSX: FM, LSE: FQM) is going old school. The company says the economics of the recently acquired Cobre Panama copper project in…
Augusta takes Rosemont to the next level
It only took a letter from a non-governmental organization (NGO) to cut deep into the equity value of Augusta Resource (TSX: AZC; NYSE-MKT: AZC) late last year, but since then the company has been building back value while securing…
Sunridge gets cash and government on board in Eritrea
Sunridge Gold (TSXV: SGC; US-OTC: SGCNF) says it’s the biggest milestone achieved to date at its Asmara copper–zinc–gold project in Eritrea. In one broad stroke the company has cemented its position in the country and…
Highland Copper buys Copperwood, builds ‘critical mass’ in Michigan
Just three months after Highland Copper (TSXV: HI; US-OTC: HDRSF) worked out a deal to buy the White Pine copper project in northern Michigan from a subsidiary of First Quantum Minerals (TSX: FM; US-OTC: FQVLF), the Quebec-based company is back…
New Gold finishes 2013 strong on back of New Afton
VANCOUVER — It’s been a rough ride for precious metal producers over the past twelve months, but New Gold (TSX: NGD; NYSE-MKT: NGD) executive chairman Randall Oliphant counselled investors to focus on gold’s upside during a presentation…
Pilot Gold uncovers porphyry potential at TV Tower
VANCOUVER — With a 4,900-metre, four-month drill program, Pilot Gold (TSX: PLG; US-OTC: PLGTF) has transformed the potential at its TV Tower project in Turkey from an interesting oxide gold target to a possible porphyry district.