Baomahun closer to reality for Amara
Amara Mining’s (TSX: AMZ; LSE: AMA) Baomahun project in Sierra Leone has moved one step closer to realization.
Gold
Gabriel remains hopeful at Rosia Montana
Gabriel Resources (TSX: GBU; US-OTC) may see a positive development at its delayed Rosia Montana gold-silver deposit in west-central Romania, as the government recently highlighted the asset in its new plan to attract foreign investment,…
Timmins Gold adjusts to lower metal prices
VANCOUVER — Timmins Gold (TSX: TMM; NYSE-Arca: TGD) is striving for operational stability at its San Francisco open-pit gold mine in Sonora state, Mexico. The company announced cost-saving measures in April 2012 and has shown consistent…
Agnico pursues growth amid capital cuts
Despite the weaker gold price, slumping profits and spending cuts, Agnico Eagle Mines (TSX: AEM; NYSE: AEM) says it’s on track to grow its gold production to 1.2 million oz. by 2015.
Goldcorp posts US$1.9B net loss in Q2
Goldcorp (TSX: G; NYSE: GG), the largest gold miner by market value, showed it’s not immune to the falling gold price.
Letter to the editor: Land title issue overblown
Your recent articles on the New Prosperity project contain some significant errors concerning aboriginal rights and title and their potential effect on the federal review panel process.
Iamgold completes maiden resource for Boto
The geological setting of Iamgold’s (TSX: IMG; NYSE: IAG) Boto gold project in eastern Senegal along the West African nation’s border with Mali is underlain by Birimian-aged meta-sedimentary, volcanic and intrusive rocks that the…
Newmont Mining swings to a loss
A combination of lower gold and copper prices along with stockpiles and ore on leach pads contributed to a net loss attributable to shareholders of US$2 billion or US$4.06 per share, compared to a net profit of US$279 million, or US$0.56 per…
Rapier Gold identifies VMS target at Pen Gold
Since listing on the TSX Venture Exchange in March, Rapier Gold (TSXV: RPR) has completed thirteen drill holes on its Pen gold project and believes it has identified a volcanogenic massive sulphide (VMS) exploration target on the property about…
Midas gets a $9.8M infusion from Teck
Midas Gold (TSX: MAX; US-OTC: MDRPF) should have enough cash to advance its Golden Meadows gold-antimony-silver project in Idaho until the end of 2014, thanks to a strong endorsement from Teck Resources (TSX: TCK.B; NYSE: TCK).
Brigus’ Grey Fox scores a higher grade
VANCOUVER — Halifax-based producer Brigus Gold (TSX: BRD; NYSE-Amex: BRD) is expanding the footprint of its Grey Fox gold discovery in northern Ontario, with an updated resource estimate on July 3 pointing to potential for underground…
Barclays: Hard landing in China unavoidable as stimulus deemed unsustainable
In a recent issue of Commodities Weekly, China economists at Barclays argue that slowing growth, waning business confidence and a recent tightening in liquidity conditions have increased the risk of a hard landing in China.