2013

An aerial shot of AuRico's El Chanate mine in Sonora, Mexico. Source: AuRico Gold

El Chanate write-down surprises AuRico shareholders

Despite a $127 million write-down of the El Chanate mine in Sonora, Mexico, Canaccord Genuity analyst Rahul Paul says he isn’t changing his investment thesis on AuRico Gold (AUQ-T, AUQ-N) and is maintaining his US$11 price target on the stock….


Newstrike outlines maiden resource at Ana Paula

VANCOUVER — It has been a wild ride for Vancouver-based explorer Newstrike Capital (NES-V) at its flagship Ana Paula gold-silver project along the emerging gold belt in Guerrero State, Mexico. After acquiring the project roughly three…



Patterson Lake discovery triggers junior uranium frenzy

VANCOUVER — Nothing draws Canadian explorers quite like an emerging mineral discovery that looks to have district-scale potential, and that is proving to be the case with Fission Energy (FIS-V) and Alpha Minerals (AMW-V) Patterson Lake…


Barno's Twangiza project in the Democratic Republic of Congo. Source: Banro

Banro eyes US$100M financing to get back on track

Banro (BAA-T, BAA-X) intends to secure a larger financing package of up to US$100 million to get its delayed Namoya gold project in the Maniema province of the Democratic Republic of the Congo (DRC) into production by year end.   




Workers oversee development at the Baomahun project in Sierra Leone. Source: Amara Mining

Amara delivers on promise

In an interview in Toronto with The Northern Miner last year, Amara Mining (AMZ-T, AMA-L) chief executive Peter Spivey predicted the company would release an updated resource estimate defining a large mineralized sulphide deposit underlying…



The landscape at Silver Bull Resources' Sierra Mojada silver project in Coahuila, Mexico. Source: Silver Bull Resources

Silver Bull doubles Sierra Mojada silver count

VANCOUVER — Eight months, 16,700 metres of drilling and 400 channel samples later, Silver Bull Resources (SVB-T) has doubled the silver resource at its Sierra Mojada project in Coahuila, Mexico.


Gold is poured at Crocodile Gold's Union Reefs mill in Australia's Northern Territory, 185 km southeast of Darwin. Source: Crocodile Gold

Crocodile uses debt to fund growth in Oz

Australia-focused Crocodile Gold (CRK-T) is looking to fund development through debt. The company is issuing $30 million in convertible debt that would pay interest at a 5% rate.


Labrador Iron Mines to get $30M from Tata subsidiary

Labrador Iron Mines (LIM-T) is expecting to receive $30 million from a subsidiary of India’s Tata Steel, as part of an alliance it recently entered to create cost synergies in the Labrador Trough region, where the two companies operate…


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