Gold

Machine operators move material at Yamana Gold's Gualcamayo gold mine in Argentina. Photo by Yamana Gold

Yamana grows yearly profits by 17%

Yamana Gold (YRI-T, AUY-N) has reported a US$89.5-million profit for the fourth quarter of 2011.  It’s a 28% decrease from the same period a year ago, following a one-time, US$81-million impairment loss on investments. 


A view of Geologix's Tepal gold-copper project in Michoacan State, Mexico. Photo by The Northern Miner

Geologix looks at the bigger picture at Tepal

While largely focused on advancing its Tepal gold-copper project in Western Mexico towards production, Geologix Explorations (GIX-T) has also been busy with regional exploration to improve the project’s long-term potential.



At Rainy River Resources' Rainy River gold project, from left: vice-president of environment and sustainability Kyle Stanfield, COO Michael Mutchler and vice-president of operations Garett Macdonald. Photo by Rainy River Resources

Here comes the sun for Rainy River

An updated resource estimate based on 394 new core holes from 170,000 metres of drilling in 2011 — bringing the total to 1,279 drill holes, or 578,000 metres — has lifted the spirits and shares of Rainy River Resources (RR-T, RR-V).


Drillers active at Avino Silver & Gold Mines'Avino copper-silver-gold project in Mexico's north-central Sierra Madre silver belt. Photo by Avino Silver & Gold Mines

Avino inches closer to production

Avino is an old name in Mexican mining for a couple of reasons. Most prominently, it is the name of a legendary silver and copper vein 1.6 km long and 182 metres wide at the surface. The vein’s scale helped make it the first mine in the…


At El Nino Ventures' Murray Brook polymetallic project in New Brunswick, from left: executive vice-president of exploration Bill Stone; chairman and CEO Harry Barr; and vice-president of exploration Ali Alizadeh. Photo by El Nino Ventures

El Nino Ventures posts new resource in New Brunswick

An initial resource estimate for the Murray Brook polymetallic massive sulphide deposit in New Brunswick’s Bathurst mining camp has confirmed the property’s historical resource — but with better grades — and confirms…


Machines moving earth at Lachlan Star's CMD gold mine in Andacollo, Chile, 350 km north of Santiago. Photo by Lachlan Star

Lachlan finds its gold star in Chile

In December 2010 Perth-based Lachlan Star (LSA-T, LSA-A) went from exploring in Australia and Africa, straight into producing gold in the Americas after buying the CMD gold mine in Andacollo, Chile.  



First Uranium to sell South African assets

First Uranium (FIU-T) said it would be selling its chief assets – the Mine Waste Solutions tailings recovery project and the Ezulwini gold-uranium mine, both in South Africa – for US$405 million as the underperforming junior…




Local opposition to Caballo Blanco spooks Goldgroup investors

Vancouver — Facing rumours of permitting problems at its Caballo Blanco project in Mexico, Goldgroup Mining (GGA-T) was compelled to issue a press release on February 28 stating that its environmental permitting remains on track despite…


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