Oyu Tolgoi’s feasibility study delayed
Turquoise Hill Resources (TRQ-T, TRQ-N) updated the market with good and bad news about its 66%-held Oyu Tolgoi copper-gold project in Mongolia’s South Gobi desert.
Silver
HSBC’s sunny silver outlook
James Steel of HSBC in New York is raising his average price forecast for silver to US$33 per oz. for 2013 and to US$31 per oz. for 2014, up from US$32 per oz. and US$28 per oz. owing to improving industrial demand and investor appetite, and a…
Sona signs MOU with Chinese contractor
Executive chairman Nick Ferris of Sona Resources (SYS-V) had been trying to source financing for some time to advance the junior’s Blackdome-Elizabeth gold project in the Clinton and Lillooet mining districts of British Columbia, about…
HSBC talks silver
James Steel of HSBC in New York is raising his average price forecast for silver to US$33 per oz. for 2013 and to US$31 per oz. for 2014, up from US$32 per oz. and US$28 per oz., respectively, due to a combination of improving industrial demand…
Altan on the trail for Nevada’s next gold discovery
CARSON CITY, NEVADA — Driving along a broad stretch of freeway on the outskirts of Reno, it is obvious that Altan Nevada’s (ANE-V) director of exploration Kelly Cluer calls Nevada home. He spent the first 10 years of his career here…
Back Forty gains grade but work still suspended
VANCOUVER — A new resource estimate for the Back Forty poly-metallic project in Michigan’s Upper Peninsula has boosted the deposit’s metal grades. But despite the improvement, no work is underway at the site because project…
Costs creep up for Chesapeake’s Metates project, but analyst remains optimistic
Chesapeake Gold (CKG-V) has completed a prefeasibility study (PFS) on its Metates gold-silver project in Mexico’s Durango state, showing it could annually produce 954,000 oz. gold equivalent and 143 million lb. zinc for 25 years.
Colombian violence hurts Continental even as Buritica drills find new high grade
VANCOUVER – Drills at Continental Gold’s (CNL-T) Buritica project in Colombia keep hitting new areas of high-grade gold and silver but a resurgence of violence in the country following the end of a two-month FARC ceasefire is making…
US stocks post first weekly loss in 2013
U.S. equities ended the Feb. 4–8 trading week down with the Dow Jones Industrial Average slipping 0.1% or 16.82 points to 13,992.97, putting an end to five weeks of gains.
Getting it right at Comstock
Struggling with broken balance sheets and non-progressive management philosophies is part of his DNA, Corrado DeGasperis says.
Yukon exploration slow but steady in 2012
VANCOUVER — Depressed equity markets, a cool spring that kept snow on the ground and floods in June that washed out major roads meant 2012 was much quieter in the Yukon than it was in 2011.
Back Forty gains grade but HudBay keeps project suspended
VANCOUVER – A new resource estimate for the Back Forty project in Michigan has boosted the deposit’s metal grades, but despite the improvement there is no work underway at the site because project operator HudBay Minerals (HBM-T)…