CuOro makes the copper grade in Colombia
CuOro Resources’ (CUA-V) goal of becoming Colombia’s first copper producer received a shot in the arm in the form of its latest drill results.
Copper
Goldquest rises with another Romero hit
VANCOUVER — Goldquest Mining’s (GQC-V) new Romero discovery in the Dominican Republic has yielded another rich intercept, leading to another major spike in the company’s stock price.
[Update] Barrick unveils setbacks, cost hikes, output revisions
Barrick Gold (ABX-T, ABX-N) packed its much anticipated second-quarter financials with quite a few punches, causing analysts to cut their price targets.
The DR delivers for Goldquest and Unigold
Dominican Republic-focused explorers Goldquest Mining (GQC-V) and Unigold (UGD-V) both announced sizeable stepout gold-copper hits at their nearby properties in the northeast corner of the country near Haiti on July 18.For Goldquest, the…
[Update]Seabridge stays hopeful at Courageous Lake
A recent prefeasibility study (PFS) on Seabridge Gold’s (SEA-T, SA-X) Courageous Lake project in Canada’s far north suggests the project is viable at current gold prices, but notes more work can be done to lift prospects.
Teck falls with lower commodity prices
The global economic downturn is hitting Teck Resources (TCK.B-T, TCK-N). Canada’s biggest diversified miner is suffering from weaker coal and copper prices as the Chinese growth story loses steam.
Panoro’s Cotabambas project could be target
Christopher Chang of Laurentian Bank Securities believes Panoro Minerals’ (PML-V) Cotabambas project in Peru could become an acquisition target and has initiatied coverage of the junior with a buy rating and a one-year target price of…
[Update] Intrepid frustrated at Tujuh Bukit
VANCOUVER — Toronto-listed explorer Intrepid Mines (IAU-T) is the latest victim in an ongoing nationalization saga in the South Pacific. On June 28 an unknown entity seized control of its Indonesian joint-venture partner, Indo Multi Niaga…
Rosemont will cost more, Augusta says
Shares of Augusta Resource Corp. (AZC-T) closed 7.8% lower at $1.66 per share following the release of an updated feasibility study that estimates higher capital and operating costs for its Rosemont copper project near Tucson, Arizona.
Papua New Guinea scaring off miners
Aldridge Minerals (AGM-V) has added its name to a growing list of mining companies leaving or looking to leave Papua New Guinea (PNG).The company will abandon its Kili Teke gold-copper property in the country now that its licence renewal…
Search for sunken treasure intensifying
VANCOUVER — With big mineral deposits becoming harder to find and even harder to put into production thanks to social and political hurdles, a small but growing group of companies are looking to the sea floor as their next source of…
Intrepid frustrated by Indonesian shadow interests at Tujuh Bukit
VANCOUVER — Toronto-listed explorer Intrepid Mines (IAU-T, IAU-A) is the latest victim in an ongoing nationalization saga in the South Pacific. On June 28 an unknown entity seized control of its Indonesian joint-venture partner, Indo…