Oyu Tolgoi’s feasibility study gets delayed
Turquoise Hill Resources (TRQ-T, TRQ-N) updated the market on its 66%-held Oyu Tolgoi copper-gold project in Mongolia’s South Gobi desert with a mix of potentially good and bad news.
News
Sona signs MOU with Chinese contractor
Executive chairman Nick Ferris of Sona Resources (SYS-V) had been trying to source financing for some time to advance the junior’s Blackdome-Elizabeth gold project in the Clinton and Lillooet mining districts of British Columbia, about…
Kinross results weighed down by Tasiast write-down
Kinross Gold (K-T, KGC-N) will have to take the bad with the good.
Barrick takes US$3.8B hit on Lumwana copper mine
VANCOUVER – Copper isn’t turning out to be the growth avenue Barrick Gold (ABX-X) hoped it would be.
Florence prefeasibility lifts Curis to 52-week high
VANCOUVER – Curis Resources (CUV-T) managed to buck two of the mining sector’s most persistent problems – creeping capital costs and rising operating expenses – with a prefeasibility study for its Florence copper project in…
HSBC talks silver
James Steel of HSBC in New York is raising his average price forecast for silver to US$33 per oz. for 2013 and to US$31 per oz. for 2014, up from US$32 per oz. and US$28 per oz., respectively, due to a combination of improving industrial demand…
Market news: U.S. Markets
U.S. equities ended the trading week down with the Dow Jones Industrial Average slipping 0.1%, or 16.82 points, to 13,992.97, putting an end to its five weeks of gains.
McEwen grows Los Azules copper count
VANCOUVER — With 10 drill holes, McEwen Mining (MUX-T, MUX-N) has boosted the copper resource at its Los Azules project in Argentina by 20% compared to the last estimate just eight months ago, and the huge deposit remains open in every…
Deeper insights into economic geology
Ever get that lost feeling when geologists start talking about the rocks at your favourite mining project?
Quest fires up mini-pilot plant for Strange Lake
Quest Rare Minerals (QRM-T, QRM-X), which owns the Strange Lake rare earth deposit in northern Quebec, recently held a tour of its mini-pilot plant at Process Research Ortech in Mississauga, Ont., where it’s testing the…
Costs creep up for Chesapeake’s Metates project, but analyst remains optimistic
Chesapeake Gold (CKG-V) has completed a prefeasibility study (PFS) on its Metates gold-silver project in Mexico’s Durango state, showing it could annually produce 954,000 oz. gold equivalent and 143 million lb. zinc for 25 years.
Getting it right at Comstock
Struggling with broken balance sheets and non-progressive management philosophies is part of his DNA, Corrado DeGasperis says.