Update: Keegan and PMI to become Asanko Gold
With capital being hard to come by, miners are turning to more creative ways to finance production.
Gold
Keegan and PMI merge to form Asanko Gold
Keegan Resources (KGN-T) and PMI Gold (PMV-T), who share a property boundary in Ghana, are tying the knot to form Asanko Gold.
Ollachea delivers for Minera IRL in Peru
Lima-based gold miner Minera IRL (IRL-T, MIRL-L) has completed a definitive feasibility study on its wholly owned Ollachea gold project in southeastern Peru that shows strong potential for a robust underground mine that could produce 113,000…
Amara hedges its bets, not its gold
When Rand Merchant Bank contacted Peter Spivey three years ago about meeting with the legendary founder of Cluff Gold, now known as Amara Mining (AMZ-T, AMA-L), to see whether he could help the company with its troubled assets in West Africa,…
Scotia’s Mohr sees a ‘middling’ year ahead
While 2011 was a “spectacular year” for base metals and featured a big rally in gold to an all-time nominal high over US$1,920 per oz., 2012, in contrast, has seen commodity prices sink.
Goldquest sinks 37% on drill results
Shares of Goldquest Mining (GQC-V) have dropped every time the company has published new holes from its ongoing drill program at the Romero gold-copper target.
Astur gets positive EIS in Spain
Shares of Astur Gold (AST-V) jumped 50% to $1.08 on news that the Asturian government had issued a positive environmental impact statement (EIS) on its 100%-owned Salave gold project in Spain, which the junior describes as one of the largest…
Signs of life in the junior market
After surviving a moribund market, junior miners can look forward to a less stressful 2013, says John Gravelle, mining leader for the Americas at PwC.
El Nino sees progress at Murray Brook
It has been a busy year for Vancouver-based El Nino Ventures (ELN-V). The company released results from a US$3-million, 18,500-metre drill program on its Murray Brook polymetallic massive sulphide project, 60 km outside of Bathurst, N.B., with…
Turkish assays delight Pilot Gold
Drill results from Pilot Gold’s (PLG-T) early stage joint-venture project with a Turkish subsidiary of Teck Resources (TCK.A-T, TCK.B-T, TCK-N) sent the junior explorer’s shares up 3.4% to $1.87 with 1.8 million…
Sunridge adds deposit to Asmara
Controlling a district rich with volcanic massive sulphides (VMS) has its advantages.
Richmont delivers double whammy in Quebec
Richmont Mines (RIC-T, RIC-X) has found itself in a tough spot, with its shares sinking to a new 52-week low, after taking the Francoeur gold mine offline and scrapping its exploration efforts on the Wasamac gold property, both near…