Batero drops 50% on resource estimate
Shares of Batero Gold (BAT-V) took a deadly plunge after disappointing the market with its initial resource estimate at the Batero-Quinchia project in Risaralda, Colombia.
Copper
MAX hopes to find ‘silver lining’ in Majuba Hill
MAX Resource (MXR-V) continues to search for a copper-silver porphyry system at its Majuba Hill property in Pershing County, Nev. Assays were released in early February from a second quarter 2011 drill campaign at the property.
Copper market more balanced in 2013-2014
Copper could see above-trend production increases in 2012, Bank of America Merrill Lynch asserts in a Jan. 24 report on base metals. The bank’s global commodity research team forecasts a more balanced market by 2013, “which could…
BHP and Rio double down on copper
BHP Billiton (BHP-N) and Rio Tinto (RIO-N) are feeling optimistic about copper. Six weeks into the first quarter of 2012, the two mining giants have unveiled plans to commit over US$4 billion to expand copper production at operations in Chile…
Yamana ups yearly profits by 17%
Yamana Gold (YRI-T, AUY-N) reported a US$89.5-million profit for the fourth quarter of 2011, a 28% decrease from the same period a year ago, thanks to a one-time US$81-million impairment loss on investments.
New Brunswick: top spot for mining
The international mining industry has ranked New Brunswick as the world’s most attractive jurisdiction for exploration and development, unseating last year’s winner Alberta which fell to third place behind Finland, according to the…
Doubling of resource creates buzz about La Mancha
Visual outcrops of sulphide can be seen at the bottom of twelve of the sixteen oxide pits that make up La Mancha Resources’ (LMA-T) Hassai mining complex in the remote desert of northern Sudan. And a new resource estimate based on…
BHP and Rio double-down on copper
Vancouver — BHP Billiton (BHP-N, BHP-L, BHP-A) and Rio Tinto (RIO-N, RIO-L, RIO-A) are feeling optimistic about copper. Six weeks into the first quarter of 2012, the two mining giants unveiled plans to commit over U$4 billion to expand…
Best intercept yet for Bellhaven in Colombia
Bellhaven Copper & Gold (BHV-V) hit its best intercept yet at its La Mina gold-copper project in Colombia, and the good news came out of an emerging zone on the property.
JV partners Regulus and Pachamama to merge
Already equal partners in the headline-grabbing Rio Grande copper-gold project in Argentina, Regulus Resources (REG-V) and Pachamama Resources (PMA-V) are making the arrangement formal and merging into one company.
Panoramic launches hostile bid for Magma Metals
An unfriendly takeover bid of Magma Metals (MMW-T, MMW-A) by Australia’s Panoramic Resources (PAN-A) sent Magma’s shares in Toronto up 77% to close at 15¢ on Feb. 3 with nearly 3 million shares changing hands.
Zambian copper mine yields lower-than-expected margins for Barrick
Half a year in, Barrick Gold’s (ABX-T, ABX-N) newly purchased Lumwana copper mine in Zambia has done little to rebut the critics who denounced Barrick’s contentious and expensive move into copper through its June 2011 takeover of…