Almadex taps into Mexico’s overlooked porphyry potential
VANCOUVER — Prospect generator Almadex Minerals (TSXV: AMZ; US-OTC: AXDDF) has pulled the best drill hole to date at its El Cobre gold-copper property, 75 km south of the port…
Gold
US markets post marginal gains, Aug. 21-25
The Dow Jones Industrial Average advanced 0.64% to 21,813.67 and the S&P 500 Index rose 0.72% to 2,443.05. The Philadelphia Gold & Silver Index increased 2.29% to 85.82. Freeport-McMoRan was…
TSX breaks 15,000 level, Aug. 21-25
The S&P/TSX Composite Index broke the 15,000 level, finishing 0.69% higher at 15,055.99. Base metal prices — copper climbed above US$3 per lb. for the first time since 2011, while…
TSX Venture slips, Aug. 21-25
The S&P/TSX Venture Composite Index dipped 29 points to a 769.47-point close, as spot gold prices rose US$7.5 to US$1,291.35 per oz., and Comex copper prices gained US10¢ to US$3.06…
Vangold to mine historic stockpiles at El Pinguico
Vangold Mining (TSXV: VAN; US-OTC: VGLDF) hopes to reactivate production at the historic El Pinguico gold mine, which operated more than a hundred years ago outside Guanajuato City, Mexico. The…
Minera Alamos reels in Osisko Gold Royalties
Throughout his career, and as a founder of Castle Gold, Darren Koningen brought two profitable heap-leach gold mines into production on time and under budget: El Sastre in Guatemala and…
Primero’s future uncertain after strike at San Dimas
VANCOUVER — Primero Mining’s (TSX: P) future hangs in the balance after 18 months of operational inefficiencies and labour-related work stoppages at its flagship San Dimas gold-silver operation, 125 km northeast…
Leagold off to strong start at Los Filos mine
Leagold Mining (TSXV: LMC) is navigating a six-month transition period at the Los Filos heap-leach gold mine in Mexico. The company acquired the asset from Goldcorp (TSX: G; NYSE: GG)…
Goldcorp to pay $7.3M for stake in Colorado Resources
VANCOUVER — Goldcorp (TSX: G; NYSE: GG) is finding a foothold in northwestern B.C.’s historic Golden Triangle region with a plan to inject $7.3 million into Colorado Resources (TSXV: CXO)…
Probe Metals identifies shallow discoveries
Probe Metals (TSXV: PRB; US-OTC: PROBF) has found shallow gold mineralization at its Val-d’Or East project in northern Quebec. The junior explorer reported to the market in August that expansion…
TMAC tackles gold recovery issues at Hope Bay
VANCOUVER — TMAC Resources (TSX: TMR; US-OTC: TMMFF) has slashed annual production estimates and suspended cost guidance at its wholly owned Hope Bay gold project in Nunavut due to “processing issues”…
Nevsun halves Bisha mine life, revises Timok study plans
Newly appointed CEO Peter Kukielski hasn’t wasted time putting his imprint on Nevsun Resources (TSX: NSU; NYSE-MKT: NSU). The Stanford University-educated civil engineer, who joined the company in May, is…