2012

Earnings miss for Cliffs Natural Resources

A severe 36% year-on-year drop in prices for seaborne iron ore during the third quarter torpedoed earnings for Cliffs Natural Resources (CLF-N). The iron ore and metallurgical coal producer’s consolidated revenues fell 26% to US$1.5…


Hana sells its Banana

Hana Mining (HMG-V) has managed to recoup some of recent losses for its shareholders thanks to, well, one of its shareholders.


Forsys Metals to combine Namibian projects

Forsys Metals (FSY-T) has updated the resource estimate for its Namibplaas uranium deposit and says it is now certain that it makes sense to combine its Namibplaas and nearby Valencia deposit 7 km to the southwest as a single feed to an…


Agnico-Eagle soars on strong Q3 results

Agnico-Eagle Mines (AEM-T, AEM-N) has bulked up its full-year production guidance following a solid third quarter, where both the Meadowbank and Kittila gold mines reported record quarterly output and improved costs.


Goldcorp beats expectations during Q3

VANCOUVER — Vancouver-based major Goldcorp (G-T, GG-N) staged a big comeback in the third quarter after being plagued by a series of operational problems at its two largest mines during the first half of 2012.


Teck wobbles in the third quarter

Teck Resources (TCK.B-T, TCK-N) produced a record 99,000 tonnes of copper in the third quarter, up 29%-year-on-year, but lower commodity prices and sales volumes for its steelmaking coal sent the miner’s adjusted net earnings down to $349…




Platinum Group thinking big on the Bushveld

VANCOUVER — With first phase construction well underway at Vancouver-based Platinum Group Metals (PTM-T, PLG-X) Western Bushveld joint-venture project 1 (WBJV 1), the company is now pushing forward at its promising Waterberg…


PEA lifts Entre Gold, but Mongolian risk remains

Entrée Gold’s (ETG-T) shares rebounded after outlining encouraging economics at the Ann Manson copper-molybdenum porphyry deposit in Nevada, following a recent slump that the company attributed mostly to “current political…


Red Eagle gets the cash to push ahead

Red Eagle Mining (RD-V) now has some deep pocketed investors believing in its ability to fast track its Santa Rosa gold project in Colombia into production.


Frontier Rare Earths inks new deal with KORES

A little under a year ago, Korea’s government-owned mining and natural resources investment company signed a deal with Frontier Rare Earths (FRO-T) to take a 10% interest and get the rights to an equal percentage of future production from…


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