News

A drill rig at Gold Canyon Resources' Springpole gold project in northwestern Ontario. Source: Gold Canyon Resources

Positive economics for Gold Canyon’s Springpole

VANCOUVER — For US$438 million, Gold Canyon Resources (GCU-V) could transform its Springpole project in northern Ontario into profitable gold-silver mine, according to a new preliminary economic assessment (PEA).


Banro's Twangiza gold mine in the Democratic Republic of the Congo's South Kivu province. 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.   




The surface of Labrador Iron Mines' Redmond iron ore deposit in the Labrador Trough. Source: Labrador Iron Mines

Iron ore outlooks turn gloomy

VANCOUVER — Goldman Sachs has cut its iron ore price forecasts and downgraded its Rio Tinto (RIO-N, RIO-L) recommendation from “neutral” to “sell.” The reason? More than 90% of the company’s 2012 earnings…


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

El Chanate writedown surprises AuRico shareholders

Despite a $127-million writedown 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…



Endeavour works to win market favour

Endeavour Mining (EDV-T) has its own way of dealing with recent stingy market valuations for gold companies: the company puts its head down and digs.



Grey Fox grows for Brigus

Brigus Gold (BRD-T, BRD-X) looks to have a bigger gold property on its hands than it anticipated.




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