Goldcorp posts US$1.9B net loss in Q2
Goldcorp (TSX: G; NYSE: GG), the largest gold miner by market value, showed it’s not immune to the falling gold price.
Silver
La Preciosa PEA provides no relief for Coeur’s share price
VANCOUVER — Coeur Mining (TSX: CDM; NYSE: CDE) has completed a preliminary economic assessment (PEA) of its La Preciosa silver mine project in Mexico. However, any future development likely hinges on whether Coeur can improve…
Midas gets a $9.8M infusion from Teck
Midas Gold (TSX: MAX; US-OTC: MDRPF) should have enough cash to advance its Golden Meadows gold-antimony-silver project in Idaho until the end of 2014, thanks to a strong endorsement from Teck Resources (TSX: TCK.B; NYSE: TCK).
First Majestic’s ‘bittersweet’ second quarter
VANCOUVER — Based on pure production metrics, First Majestic Silver (TSX: FR; NYSE: AG) has a lot to celebrate about its second quarter. But the significant drop in silver prices during the period put a damper on the miner’s…
Sabina keeps finding high-grade gold at Back River
Sabina Gold & Silver (TSX: SBB) is pulling strong grades from its Back River gold-silver project in Nunavut. The latest results come from the Umwelt and Llama deposits, two of the project’s four main deposits.
Sierra ups resource and throughput at Cusi but falls to 52-week low
VANCOUVER – With a new estimate that quintuples the silver resource at its Cusihuiriachic project, Sierra Metals (TSX: SMT) is making good on its plan to gradually ramp up production at the historic Chihuahua state property.
Alexco plans potential shutdown at Bellekeno
VANCOUVER — Vancouver-based producer Alexco Resources (TSX: AXR; NYSE: AXU) is struggling with declining margins at its wholly-owned Bellekeno underground silver mine in the central Yukon. A recent and steep drop in silver prices has…
Canadian Zinc two permits closer to production
Canadian Zinc (TSX: CZN) is progressing down the road to production at its Prairie Creek zinc-lead-silver mine in the Northwest Territories.
Mercator lowers Mineral Park’s copper-moly reserves
Mercator Minerals (TSX: ML; US-OTC: MLKKF) has updated the resource and reserve estimate for its Mineral Park copper-molybdenum mine in Arizona, noting that while reserves have decreased, the open-pit operation still has a promising life ahead.
Aurcana shares pop on Red Kite loan proposal
VANCOUVER — Shareholders of Vancouver-based silver producer Aurcana (TSXV: AUN; US-OTC: AUNFF) received some good news at the end of June, as the company released details of a terms sheet from U.K.-based metal merchant RK Mine Finance…
Guatemala to ban new mining, exploration licences
Guatemala’s president Otto Perez Molina plans to place a two-year moratorium on issuing new mining and exploration licences, giving the nation time to reform its mining law, says Tahoe Resources (TSX: THO; NYSE: TAHO).
Alamos bids $69M for Esperanza Resources
VANCOUVER — Toronto-based producer Alamos Gold (TSX: AGI; NYSE: AGI) looks to have finally nailed down an acquisition in the form of junior explorer Esperanza Resources (TSXV: EPZ) and its wholly owned Esperanza gold-silver project…