Barrick stung by higher costs
Higher costs are pushing capital expenditure estimates higher for Barrick Gold’s (ABX-T, ABX-N) major growth projects at Pueblo Viejo, Pascua-Lama and Cerro Casale, the company reports.
Volume 97 Number 27 Aug 22 - 28, 2011
Golden Star looks to get back on track
Golden Star Resources (GSC-T, GSS-X) recently reported an initial resource estimate for its new Buesichem South deposit in Ghana, days after posting lower preliminary operating results for the second quarter.
Great Western to build REE plant with Chinese partner
Great Western Minerals (GWG-V) plans to set up a joint venture with a Chinese company to build a rare earth (RE) separation plant in South Africa.
New Mexico junior makes math gaffe, retracts high-grade REE assays
A little-known junior explorer based in Elephant Butte, New Mexico (population: 1,500), surprised investors twice last month, first by releasing spectacular rare-earth-element (REE) assays from its Warm Springs beryllium project in Sierra…
Frontier cuts deal with Koreans to advance Zandkopsdrift
In the race to bring the world new sources of rare earths from places other than China, Frontier Rare Earths (FRO-T) has put itself in a solid position, thanks to a deal with a deep-pocketed Korean consortium.
Puget Ventures set to become Global Cobalt
Within weeks, Puget Ventures (PVS-V) expects to complete a fundamental transformation from a modest Ontario-focused cobalt explorer into a global player, with a new name, new financing and a new focus on the Altai Republic in southern Russia.
Positive economics for Brazilian Gold’s Sao Jorge
Brazilian Gold (BGC-V) has taken a step forward with the release of a positive preliminary economic assessment (PEA) for its Sao Jorge gold project in the Tapajos region of northern Brazil.
Lydian outlines potential Armenian mine
Armenia-focused Lydian International (LYD-T) has outlined the potential to produce 1.6 million oz. gold from its Amulsar project in a preliminary economic assessment.
Richmont’s lacklustre Q2 results
Richmont Mines (RIC-T, RIC-X) had a difficult second quarter, posting a net loss of $30.9 million, or 92¢ per share, which included the previously released $28-million after-tax writedown on its Francoeur mine in Quebec.“The…