Breakwater Struggles To Stay Afloat
Breakwater Resources (BWR-T, BWLRF-O) posted a net loss of $88.3 million or 20¢ per share in 2008 compared with net earnings of $23.4 million or 6¢ per share in 2007.
Gold
Kinross Takes Writedown, Boosts Gold Production
Score it another writedown for the big boys.
SRM And Palmiere Go Head To Head
The week leading up to the Prospectors and Developers Association of Canada, the eighth trading week of the year, continued to see fallout from HudBay Minerals’ failed takeover of Lundin Mining,
DRC Government Confirms Banro’s Holdings
Banro (BAA-T, BAA-X) says it had received official confirmation that its mining convention and mining licences in the Democratic Republic of the Congo (DRC) “are in accordance with Congolese law.”
Firstgold ready to pour at Relief Canyon
Vancouver – After spending two years and $16 million on a new processing facility for old ore, Firstgold (FGD-V) …
Much of Lamaque gold production will come from new zones
More than half of the gold mined from Century Mining’s (CMM-V) Lamaque underground gold mine near Val d’Or, Que., o…
Redcorp enters creditor protection as Tulsequah costs escalate
Vancouver – Redcorp Ventures (RDV-T) has filed for creditor protection, a few weeks after suspending development …
$96 million writedown strikes Quadra
Vancouver – Painful pricing adjustments and a hefty writedown have claimed another victim in Quadra Mining (QUA-T…
Japanese state-owned company to finance Platinum Group Metals
The global economic rout is sending more and more mining companies on a hunt for long-term mining investments from …
Jaguar Mining closes C$86 million offering
Jaguar Mining (JAG-T) has raised C$86 million through an offering of 13.9 million shares at C$6.20 per share to fun…
New Gold to merge with Western Goldfields
New Gold (NGD-T) and Western Goldfields (WGI-T) are joining forces to create a diversified gold production base fro…
US Gold reports strong results from El Gallo, Mexico
Rob McEwen, the man who founded Goldcorp (G-T, GG-N) and discovered one of the world’s richest gold mines at Red La…