Aurcana tumbles as it closes the Shafter mine
Aurcana (TSXV: AUN; OTCQX: AUNFF) is taking its Shafter silver mine in Texas immediately offline due to declining silver prices.
Silver
U.S. markets, Dec. 9-13
U.S. markets took a hit during the week, with the Dow Jones Industrial Average falling 264.84 points, or 1.6% to 15,755.36. The broader S&P 500 Index tumbled nearly 30 points to 1,775.32. The Nasdaq Composite Index slipped 61.54 points to…
Coeur commits to royalty business
In an attempt to generate a higher margin, less volatile free cash flow and diversify its metal exposure and future avenues for growth, Coeur Mining (TSX: CDM; NYSE: CDE) is acquiring privately held Global Royalty Corp., which has interests in…
Yellowhead lines up $8M for Harper Creek
Yellowhead Mining (TSX: YMI; TSXV: YMI) has announced an $8-million convertible debt financing with Calgary-based private firm Matco Investments to continue working on its flagship Harper Creek copper–gold–silver project in southern…
Detour sinks on CEO’s exit
Detour Gold’s (TSX: DGC; US-OTC: DRGDF) CEO and founder Gerald Panneton has resigned without the company providing an explanation for his sudden departure, sending shares spiralling amid speculation that it may need more funds to ramp up…
Aurcana slides on suboptimal Q3 results
The third quarter wasn’t kind to Aurcana (TSXV: AUN; US-OTC: AUNFF), and the market took notice.
Capstone’s Pinto Valley ‘doing better than expected’
Capstone Mining (TSX: CS; US-OTC: CSFFF) shares got a boost after the Vancouver-based firm said its recently acquired Pinto Valley copper–molybdenum mine in Arizona could produce more than the targeted 22 million to 27 million lb. copper…
Primero bids for Brigus Gold
VANCOUVER — It’s been just over two years since gold producer Primero Mining (TSX: P; NYSE: PPP) was outbid for the Young–Davidson gold mine in Ontario by AuRico Gold (TSX: AUG, NYSE: AUQ), but the company…
Second Keno Hill mine is key to Alexco’s plan
VANCOUVER — There are over 40 million oz. of indicated silver resource sitting alongside a modern mill at Alexco Resource’s (TSX: AXR; NYSE-MKT: AXU) historic Keno Hill property in the Yukon, but, with the price of silver struggling…
Hudbay to triple copper-equivalent production by 2016
Hudbay Minerals’ (TSX: HBM; NYSE: HBM) CEO David Garofalo says the company is more focused on the bigger growth picture than what will happen in the next quarter.
Tahoe builds on success
The Escobal silver project in Guatemala produced its first metals concentrate on Sept. 30, shipped its first concentrate to smelters on Oct. 15 and is on track to hit full production at the 3,500-tonne-per-day level by the first quarter of…
Searching for a silver lining
Thomson Reuters GFMS presented their Interim Silver Market Review at the Annual Silver Industry Dinner, in New York on November 12, and while the report points to some distinct advantages that the metal has when compared to the other hard-luck…