Pilot Gold lifts off on Turkey play
A small market cap can be a wonderful thing as evidenced by the market action of two different companies in early May.
Gold
Agnico-Eagle buys 18.6% of Mexico-focused Colibri
Major Canadian gold miner Agnico-Eagle Mines (AEM-T, AEM-N) has acquired six million shares and four million share purchase warrants of Nanaimo-based Colibri Resources (CBI-V), exploring for gold and polymetallic mineralization in northwestern…
Orvana gets its gold-copper mine rolling in Spain
Orvana Minerals (orv-t) got its northern Spanish El Valle-Boinas/Carles gold-copper mine and plant off the ground on May 31, and expects first shipment in June.
Inmet Mining’s Balboa zone excites the market
A high-grade intercept of 124 metres of 2.32% copper and 2.28 grams gold per tonne in the Balboa zone at Inmet Mining’s (IMN-T) Cobre Panama project is making Balboa a “contender” UBS Investment Research associate analyst Matt Murphy wrote…
Fortuna Silver Mines ahead of schedule at San Jose, Mexico
Fortuna Silver Mines (FVI-T) started building its San Jose underground mine in southern Mexico in the second quarter of 2010 and now says it can increase its start-up production rate from 750 tonnes per day to 1,000 tonnes per day.
Mahdia successfully bids for historic Omai gold mine
Mahdia Gold (MGD-C) has won the bid for Guyana’s famed Omai gold mine, which under operators Cambior Resources and Golden Star Resources (GSC-T, GSS-N) produced nearly 4 million gold oz. over 13 years starting from 1993.
Monterde shows promise for Kimber Resources
Shares of Kimber Resources (KBR-T, KBX-X) jumped 9.2% or 15¢ to $1.78 today following news of the latest two assay results from the Carmen deposit at its Monterde project in Mexico.
Andina Minerals goes after the good stuff in Maricunga (May 30, 2011)
Copiapo, Chile – Andina Minerals (ADM-V) hopes to supercharge its promising Volcan gold project as it explores a number of high-grade targets around its initial Dorado deposit, situated 120 km east of this mining centre in Chile’s Atacama…
Capstone adds copper resources at Minto (May 30, 2011)
Capstone Mining (cs-t) bulked up measured and indicated resources by 219 million lbs. at its wholly owned Minto copper-gold mine in the Yukon. The miner also combined two deposits at the project, which were once thought to be separate, into…
Global mining giants eye Quesnel Trough
British Columbia’s Quesnel Trough could see heightened exploration this year now that several international majors have taken an interest.
Southern Arc outlines wide zone
On one a tough day on the market for miners, Southern Arc Minerals (SA-V) defied the trend and made a solid gain on the back of its latest drill results.
More violence at Barrick’s North Mara
The problems continue for Barrick Gold (ABX-T, ABX-N) in Tanzania, only now the Toronto-based miner is slightly shielded by the company it spun the assets into – African Barrick Gold (ABG-L).