Condor to start drilling La India
Shares of Condor Resources (CN-L) leapt 30% to close at £6.50 apiece with 8.7 million shares changing hands on news the London-headquartered company was starting to drill its La India concession in Nicaragua.
2011
Ventana likes EBX’s new offer price
A hostile takeover bid turned friendlier on Feb. 13 when Ventana Gold (VEN-T) verbally agreed to a new takeover price of $13.06 in cash per share from EBX Group, up 43¢ from the latter’s initial offer of $12.63 per share last…
Paramount finds more gold in waste dumps
The Sleeper gold mine in Nevada operated as a high-grade open pit from 1986 to 1996, and according to operations reports by its then-owner, Amax Gold, about 54 million tonnes of waste were cast off in dumps over the mine life.
New play on Brazilian potash set to arrive
For investors hungry for a new way to play rising food prices through potash juniors, a new avenue with experienced management should soon be arriving in Toronto.
Alamos provides update on projects in Turkey
Alamos Gold (AGI-T) expects to release a resource estimate in March and a prefeasibility study at the end of the second quarter for its projects in Turkey, Agi Dagi and Kirazli.
Goldcorp on the cusp of announcing details of updated study for lonore
When Goldcorp (G-T, GG-N) acquired Éléonore in March 2006 from what is now Virginia Mines (VGQ-T) in a US$425-million deal, the project had no reserve or resource estimate, just a lot of speculation on how big it was going to get…
Fire River Gold completes PEA on Nixon Fork gold mine
Capital costs to resume production at Fire River Gold’s (FAU-V, FVGCF-O) flagship Nixon Fork underground gold mine in Alaska are estimated at US$6.3 million with a projected payback of three months according to a preliminary economic assessment.
Baja finally gets to build Boleo mine (February 17, 2011)
Vancouver – After a false start in 2008, Baja Mining (BAJ-T) now has funding fully secured and is moving ahead with construction of its 70%-owned Boleo copper-cobalt-zinc project in Mexico’s Baja State.
Long intercepts send Batero higher
Batero Gold (BAT-V) released the best drill results yet from its Batero-Quinchia project in Colombia and the news took the company’s shares for a wild ride. In Toronto on Feb. 17, Batero shares shot-up 35% or $1.02 to finish the day trading for…
Endeavour Mining adds resources at Youga gold mine
In a bid to extend the lifespan of its Youga gold mine in Burkina Faso, which produced 82,400 oz. gold in 2010, West Africa-focused gold producer Endeavour Mining (EDV-T) is adding resources at three deposits within 3 km of the Youga plant.
Taseko to add capacity at Gibraltar mine
Taseko Mines (TKO-T, TGB-X) wants to take advantage of robust copper prices and expand capacity at its 75%-owned Gibraltar mine in the Cariboo region of British Columbia and Williams Lake.
Astur releases Salave PEA
Vancouver – Astur Gold (AST-V) has released a preliminary economic assessment on its Salave gold project in Spain that shows the potential for an open pit, underground or a combined operation.