Kinross Gold (K-T, KGC-N) fell more than 20% after it said it is reviewing its three major advanced gold projects to improve economics, likely causing months of delay and a goodwill write down of the Tasiast gold project in Mauritania.
When Rob McEwen first proposed the combination of US Gold (UXG-T, UXG-N) and Minera Andes (MAI-T, MNEAF-O) in June 2011, the chairman, chief executive and largest shareholder of both companies thought the deal easily could be completed by early…
Rio Tinto (RIO-N, RIO-L) is moving ever closer to increasing its stake in the Oyu Tolgoi copper-gold deposit in Mongolia through Ivanhoe Mines’ (IVN-T, IVN-N) equity.
A report by Thomson Reuters-owned metal market analysis firm GFMS predicts the price of gold will rally to all-time highs later this year before reaching the closing stages of its decade-long bull run sometime in 2013.
Northern Freegold Resources (NFR-V) has added significantly to the overall resource at its Freegold Mountain project in Yukon thanks to an initial resource on its Revenue deposit.
Robert Quartermain’s Pretium Resources (PVG-T, PVG-N) has started the new year with a bang, announcing plans on Jan. 19 to raise $18.5-million in flow-through funds at $18.50 a share. The bought-deal financing led by Salman Partners represents…
Infill drilling at Quadra FNX Mining’s (QUX-T) polymetallic Victoria project in Sudbury, Ont., has increased inferred resource tonnage by 16% and raised by 32%, 26% and 4% its contained nickel, copper and total precious metals, respectively,…
The Caspiche gold-copper project in northern Chile’s Maricunga gold district has a US$2.8-billion pre-tax net present value at a 5% discount rate and a pre-tax internal rate of return of 11.5%, according to Exeter Resource’s (XRC-T, XRA-X) new…
Vancouver – Having just completed a merger with Adamus Resources in December, Australia-based Endeavour Mining (EDV-T, EVR-A) now has a two producing mines in West Africa with several advanced projects in the pipeline.
With Kinross Gold’s (K-T, KGC-N) Tasiast project generating some negative headlines lately – to say nothing of the negative momentum of its share price – investors may be thinking that the shine is off the Tasiast gold project and gold mining…
At least 14 Canaccord Genuity brokers have picked up shares in Nunavut-focused gold explorer North Country Gold (NCG-V) in a recent private placement. North Country raised $12 million in late December by issuing 10.2 million flow-through shares…
Trying to build a gold mine in a sub-Saharan African country that has never had a modern mine is never an easy task. But the process seems to have been particularly arduous on Axmin (AXM-V).
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