Randgold beefs up exploration in Cte d’Ivoire
Randgold Resources (NASDAQ: GOLD) is stepping up its exploration in Côte d’Ivoire.
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Short Position Report
Short positions outstanding at July 31/15 (with changes from July 15/15).
Prudence pays off for Atlantic Gold in Nova Scotia
VANCOUVER — Steven Dean, chairman and CEO of Atlantic Gold (TSXV: AGB) says it took the company three years of “wading through the rubble of the gold sector” before it stumbled upon the Moose River gold project, 85 km…
Premier provides initial guidance for South Arturo
Premier Gold Mines (TSX: PG; US-OTC: PIRGF) is nearing producer status at the South Arturo mine in Nevada that it jointly owns with Barrick Gold (TSX: ABX; NYSE: ABX), and Ewan Downie, the junior’s president and CEO, forecasts the mine…
Odds ‘n’ sods: The Toodoggone River Tube Race of 1981
VANCOUVER — On July 31, 1981, nearly 200 geologists and support crews stood speechless along the gravel banks of the remote Toodoggone River in north-central B.C., as a helicopter landed before them alongside the frigid, glacial-fed water.
Gemfields unveils maiden ruby resource
It’s not every day a company in the mining sector say its project can deliver an internal rate of return (IRR) of more than 300%. But that’s what Gemfields (LSE: GEM) expects of its majority-owned Montepuez ruby deposit in…
TSX Venture rises slightly, July 27-31
The S&P/TSX Venture Composite Index remains near historic lows despite bouncing back slightly during trading, as it jumped 1.8 points en route to a 594.31-point close. Canada’s gross domestic product dropped 0.2% in May, which brings…
Wolfden keeps the drills turning in Bathurst camp
VANCOUVER — It may very well be the worst market conditions for explorers, but that hasn’t stopped Wolfden Resources (TSXV: WLF) from mounting a drill campaign across its expansive land position in the heart of…
Barrick sells half of Zaldivar to Antofagasta
VANCOUVER — Barrick Gold (TSX: ABX; NYSE: ABX) is selling a 50% interest in its wholly owned Zaldivar copper mine in northern Chile to Antofagasta (LSE: ANTO; US-OTC: ANFGY) for US$1 billion in cash. The deal will result…
Brazil Resources to buy Whistler project in Alaska
In a letter to shareholders earlier this year, Amir Adnani, chairman of Brazil Resources (TSXV: BRI; US-OTC: BRIZF), stated that the company’s strategy since its initial public offering in 2011 has been “to take advantage…
OceanaGold bids $856M for Romarco Minerals
OceanaGold (TSX: OGC; ASX: OGC) is offering to buy Romarco Minerals (TSX: R) in a friendly all-share, $856-million deal to secure low-cost growth in the form of the junior’s Haile gold mine, which is under construction in South Carolina.
Editorial: US coal miners in crosshairs of Clean Power Plan
U.S. President Barack Obama has unveiled his administration’s sweeping plan to curb carbon emissions from U.S. power plants, and the news has domestic coal miners and coal-consuming states squirming.