Atico looks to repeat Fortuna’s success
VANCOUVER — Recently-listed Atico Mining (ATY-V) has joined the many new companies exploring for gold in Colombia, but the company plans to set itself apart with its management team and strategy.
News
Barrick slides on management changes
Barrick Gold (ABX-T, ABX-N) took a mild beating after it named a new chief executive in a move to bolster its share price, leaving some analysts wondering if turbulent waters lie ahead.
Aurizon stresses patience with Joanna development
VANCOUVER — Cashed-up gold producer Aurizon Mines (AKZ-T, AZK-X) has taken a step-back from the development threshold on its Joanna gold property 20-km-east of Rouyn-Noranda, Quebec. The company made the decision following the release of…
Mongolia to increase lands reserved for state
Chief investment strategist Dale Choi of Frontier Securities in Ulaanbaatar reported today that Mongolia’s Ministry of Mineral Resources and Energy is proposing measures that would designate at least 30% of the country’s…
Kinross continues to grapple with Tasiast
Unpopular mergers were behind some tough news for two of Canada’s largest gold miners on Wednesday.
McEwen grows El Gallo resource
The first phase of production at McEwen Mining’s (MUX-T, MUX-N) El Gallo deposit in Sinaloa, Mexico is scheduled to start during the third quarter, but in the meantime the Toronto-headquartered company has grown the measured and indicated…
Kivalliq looking to establish uranium district in Nunavut
VANCOUVER — Kivalliq Energy (KIV-V) is cashed-up and moving forward with an ambitious exploration program on its 1,000-sq.-km Angilak property in Nunavut.
Xstrata copes with civil unrest in Peru
VANCOUVER — As with many developing countries, there is a natural resource duality in Peru that can trigger tension between pro-mining interests and local communities. Switzerland-based mega-miner Xstrata PLC (XTA-L) is stuck in the…
[Update] Positive PEA for Sabina’s Back River
A recent preliminary economic assessment (PEA) for Sabina Gold & Silver’s (SBB-T) Back River has sketched a favourable prospect, highlighting high grades and lower-than-expected start-up costs for the gold project in…
Drill results lift Continental Gold
Strong drill results from nine diamond drill holes at the Buritica gold project in Colombia sent shares of Continental Gold (CNL-T) up 28¢ or 3.9% to $7.38 apiece on June 4.
Short Position Report
TSX Short Positions Short positions outstanding at May 31/12 (with changes from May…
Venture slides in May 28 – June 1 period
VANCOUVER — The S&P TSX Venture Composite Index swung back into the red in the May 28 to June 1 period, dropping 17.68 points to end at 1,291.59 on three days of gains and two days of losses. Volume kept in line with the week before…