Carpathian suspends new RDM gold mine
Carpathian Gold (TSX: CPN; US-OTC: CPNFF) has temporarily halted production at its new Riacho dos Machados (RDM) gold mine in Brazil, a day after pouring its first doré gold bar.
News
Goldcorp nails 2013 guidance, predicts falling cash costs
VANCOUVER — Prominent Canadian gold miner Goldcorp (TSX: G; NYSE: GG) has proven to be more resilient in the face of falling precious metal prices than many of its peers. And if the company’s production guidance for 2014 is any…
U.S. markets, Jan. 6-10
The first trading week of 2014 saw the Dow Jones Industrial Average slide 0.02% to 16,437.05, the S&P 500 inch up 0.60% to 1,842.37 and the Philadelphia Gold & Silver Index rise 0.49% to 87.05. Weaker-than-expected jobs data dampened…
Commentary: Strong headwinds for gold in 2014
Challenging macroeconomic conditions are likely to drive gold prices lower in 2014, commodity specialists at Bank of America Merrill Lynch and Credit Suisse say, and both banks agree the precious metal could test the US$1,000 per oz. level…
GoGold ups offer, bids for all of Animas
GoGold Resources (TSX: GGD; TSXV: GGD) has upped the ante for Animas Resources (TSXV: ANI) by intending to make a friendly bid to buy the Vancouver-based firm, and not just its Santa Gertrudis gold project in Mexico,…
Toronto Stock Exchange, Jan. 6-10
Canada’s benchmark index gained during the week, as prices of gold and other commodities rose following poor North American jobs data.
Goldcorp offers $2.6B in cash and shares for Osisko
Goldcorp (TSX: G; NYSE: GG) is launching a hostile $2.6-billion takeover bid for Osisko Mining (TSX: OSK; US-OTC: OSKFF) to acquire the smaller rival’s Canadian Malartic gold mine in Quebec, with many analysts arguing the…
Lucara reports major increase in Karowe resource valuation
VANCOUVER — Lucara Diamond (TSX: LUC; TSXV: LUC; US-OTC: LUCRF) has made headlines over the past year with the size and quality of stones it has unearthed at its Karowe mine in Botswana’s Orapa–Letlhakane kimberlite…
Golden Star disappoints with fourth-quarter results
Golden Star Resources (TSX: GSC; NYSE-MKT: GSS) has stayed within its guidance, but the market still took a harsh view of fourth-quarter production results.
OceanaGold sees a strong 2014 at Didipio
OceanaGold (TSX: OGC; US-OTC: OGDCF; ASX: OGC) has reduced the mine life for its Macraes gold mine in New Zealand, but expects a strong production year at its new Didipio copper–gold mine in the Philippines, leaving many investors…
Rio Alto gets an environmental nod to expand mine at La Arena
Rio Alto Mining (TSX: RIO; TSXV: RIO; NYSE: RIOM) is inching closer to producing copper from its La Arena project in northern Peru, with a recent environmental approval for an 18,000-tonne-per-day, open-pit sulphide operation.
Pan American Silver commits to US$80M expansion at La Colorada
VANCOUVER — Pan American Silver (TSX: PAA; NASDAQ: PAAS) is ready to take its La Colorada polymetallic mine in the Chalchihuites district in Mexico’s Zacatecas State to the next level, after a preliminary economic assessment…