Iamgold cuts costs amidst falling profits
It was a mixed bag of news for Iamgold (TSX: IMG; NYSE: IAG) shareholders, as the company released third-quarter results that moved in different directions.
Gold
Sandspring jumps on Silver Wheaton’s streaming deal
Silver Wheaton (TSX: SLW; NYSE: SLW) has given a confidence boost to Sandspring Resources (TSXV: SSP; US-OTC: SSPXF) by signing its first early deposit stream agreement for the junior’s Toroparu gold project in Guyana, a week after…
Copper Mountain sinks on $30M equity raise
Copper Mountain Mining (TSX: CUM) shares have been sliding since the company’s surprise move to raise $30.1 million in a bought deal to fund a secondary crusher and increase throughput at its eponymous copper–gold mine near…
Banro drives towards more production in the DRC
Banro’s (TSX: BAA; NYSE-MKT: BAA) third-quarter results show that the company — with expanding gold operations in the eastern Democratic Republic of the Congo — is tracking in the right direction.
Timmins Gold revamps mine plan at San Francisco
VANCOUVER — The future came into focus for Timmins Gold (TSX: TMM; NYSE-MKT: TGD) in early November, when the company released an updated reserve estimate and mine plan for its wholly owned San Francisco gold operation, 150 km north of…
Plata Latina aims to uncover Mexico’s next silver district
VANCOUVER — Applying new exploration models to established mining jurisdictions has long been a hallmark of junior outfits, and Vancouver-based Plata Latina Minerals (TSXV: PAL) is looking to follow suit in Mexico with its…
Chieftain finds new feeder zone
Parts of the Tulsequah Chief orebody in northwestern B.C., 100 km south of Atlin and 65 km northeast of Juneau, Alaska, were mined by Cominco — now Teck Resources (TSX: TCK.B; NYSE: TCK) — from 1951 to 1957.
Cordoba hits mineralization at San Matias
VANCOUVER — The first four holes into the San Matias project in Colombia all returned significant copper and gold grades over good lengths for owner Cordoba Minerals (TSXV: CDB).
Strathcona’s Farquharson on the problem with Brucejack
VANCOUVER — Strathcona Mineral Services’ resignation from the Brucejack gold project in early October dealt a huge blow to project owner Pretium Resources (TSX: PVG; NYSE: PVG). Upon its departure, Strathcona raised serious concerns…
Little-known Oceanus makes its mark in Mexico
Oceanus Resources (TSXV: OCN) is finding high-grade gold-silver mineralization on its wholly owned La Lajita property in Mexico’s Sierra Madre Occidental region, and says the project has rocks and structures similar to Agnico Eagle…
Hecla sees potential in junior explorers
VANCOUVER — The market landscape has shifted for juniors with exploration-stage assets. And though equity markets remain tough, there are opportunities for producers like U.S.-based Hecla Mining (NYSE: HL) that are looking to get…
Delays force Turquoise Hill into $2.4B rights offering
VANCOUVER — Unresolved ownership issues mean Turquoise Hill Resources (TSX: TRQ; NYSE: TRQ) and the Mongolian government will have to spend more time at the negotiating table before resuming underground expansion at the Oyu Tolgoi…