New Gold starts up New Afton in BC
New Gold (NGD-T, NGD-N) brings online a fourth mine with the timely start up of its New Afton gold-copper mine, near Kamloops, B.C.
Silver
Guatemala proposes 40% stake in mining companies
VANCOUVER — Guatemala could soon take a 40% stake in mining companies in the country if a proposed constitutional amendment goes through.
Alamos makes headway in Turkey
Alamos Gold (AGI-T) outlines a positive mining scenario at its Turkish gold assets, Agi Dagi and Kirazli, and reveals an inferred resource for its Camyurt project, also in Turkey.
Coeur aims to fortifies cash position with senior note offering
VANCOUVER — It has not been a very hospitable market in the silver space over the past four months, with prices for the precious metal dropping from a high of US$37 per oz. in late February to a low of US$27 per oz. by late June. Though…
Mixed results for Ethos Gold’s first pass at Betty
VANCOUVER — The first drill program on Ethos Gold’s (ECC-V) Betty project in the Yukon has yielded both encouraging gold discoveries and numerous blanks.
Yamana ramps up exploration at El Penon
Of Yamana Gold’s (YRI-T, AUY-N) $125-million budgeted for exploration this year — a 10% increase over 2011 — about $29.5 million, or 23%, is earmarked for northern Chile, where it owns 100% of the high-grade El Penon…
Iamgold to sell Quimsacocha
Shares of INV Metals (INV-T) surged 46% to 16¢ on news the Toronto-based company plans to acquire the Quimsacocha gold project in Ecuador from Iamgold (IMT-T) in a move it hopes will take it from a junior exploration company to an…
Silver Predator’s Taylor project doesn’t disappoint
Results from the first fourteen of twenty-five drill holes from its 2012 exploration program at its flagship Taylor project in Nevada sent shares of Silver Predator (SPD-T) up 35% to 25¢ a share on 7,300 shares traded.
Banks Island looks at Red Mountain’s short-term potential
VANCOUVER — Banks Island Gold (BOZ-V) has set out the financial potential of the Red Mountain project in northern British Columbia that it recently optioned into.
McEwen Mining grows El Gallo
The first phase of production at McEwen Mining’s (MAQ-T, MUX-N) El Gallo deposit in Sinaloa, Mexico, is scheduled to start during the third quarter, but in the meantime the Toronto-headquartered company has grown the measured, indicated…
Trevali pushes towards Peruvian production
Trevali Mining (TV-T) is getting ever closer to launching Peru’s next polymetallic mine with a little help from a well known player in the metal game: Glencore International (GLEN-L).
MAG Silver updates Juanicipio PEA
In a conference call earlier today MAG Silver’s (MAG-T, MVG-N, MVG-X) president and chief executive, Dan MacInnis, enthusiastically described the company’s Juanicipio project in Mexico as “bullet-proof” and “one…