Endeavour Silver’s cost cutting boosts balance sheet
VANCOUVER — Glancing at Endeavour Silver’s (TSX: EDR; NYSE: EXK) production and earnings numbers for the second quarter, it doesn’t appear a lot has changed over the past year.
Gold
Bre-X film gains traction in Hollywood
The producer/director of an upcoming major motion picture based on the Bre-X Minerals fraud is in the final stages of financing and confirms he is in negotiations with an A-list Hollywood actor to play a lead role.
OceanaGold to optimize Didipio mine plan
OceanaGold’s (TSX: OGC; ASX: OGC) Didipio gold–copper mine in the Philippines entered production in April 2013 and is on track this year to produce between 85,000 and 95,000 oz. gold and 21,000 to 24,000 tonnes copper, at…
Mabilo drilling delivers strong results for RTG Mining
Drill results from RTG Mining’s (TSX: RTG) flagship Mabilo gold–copper project in the Philippines sent the company’s shares up 2.78% to $1.11 per share on Aug. 13, and another 24.32% to $1.38 on Aug. 14.
Tax dispute adds doubt to Oyu Tolgoi’s UG expansion
Turquoise Hill Resources’ (TSX: TRQ; NYSE: TRQ) second-quarter results were overshadowed by a tax dispute with the Mongolian government, among other concerns, relating to its Oyu Tolgoi gold–copper mine in the country’s South…
Eric Roth’s Aegean Metals sees upside in Turkey
VANCOUVER — It was a quiet couple of years for Eric Roth after Yamana Gold (TSX: YRI; NYSE: AUY) snapped up his Extorre Gold Mines and its Cerro Moro project in Argentina for US$400 million in mid-2012. But now as president…
Ana Paula will be profitable, Newstrike’s Whittall says
Newstrike Capital (TSXV: NES; US-OTC: NWSKF) president and CEO Richard Whittall is certain the upcoming preliminary economic assessment (PEA) on the company’s 2.25 million oz. Ana Paula gold project will prove it’s a…
Questions remain after Mount Polley spill
There have been several developments in the days since Imperial Metals (TSX: III; US-OTC: IPMLF) reported a disastrous tailings spill at its Mount Polley gold–copper mine, near the town of Likely, B.C., which sent nearly 15 million…
TSX ends in negative territory, Aug. 5-8
The S&P/TSX Composite Index tumbled during the shortened trading week, losing nearly 19 points to 15,196.31. The S&P/TSX Capped Diversified Metals & Mining Index fell 15.57 points to 903.70. But gold miners stayed strong, with the…
Commentary: Why Colombia hasn’t lived up to its mining promise
Mining in Latin America has had an outstanding period of growth in the last two decades, but is now facing many challenges. These challenges vary from country to country, as well as region to region within each country.
Aquila rises on positive PEA for Back Forty
Shares of Aquila Resources (TSX: AQA; US-OTC: AQARF) rose 15% after the Toronto-based firm published an updated preliminary economic assessment (PEA) for its gold- and zinc-rich Back Forty project in Michigan’s Upper Peninsula.
Timmins Gold doubles Q2 profits
Timmins Gold (TSX: TMM; NYSE-MKT: TGD) has reported a second-quarter profit of US$3.2 million, or US2¢ per share, which is double the amount earned a year ago, but below the consensus estimate of US4¢ per share.