BCSC questions Barkerville’s mega-resource
VANCOUVER — The British Columbia Securities Commission (BCSC) has raised numerous concerns about a 10.6-million-oz.-gold resource Barkerville Gold Mines (BGM-V) released on June 28.
News
Semafo drops the ball on West African project update
VANCOUVER — Quebec-based gold producer Semafo Inc. (SMF-T) found out just how punishing markets can be these days when the company released long-awaited exploration results at its Mana gold mine 200 kilometers west of Ouagadougou, Burkina…
Roxgold and Maudore the latest of many hit with proxy battles
VANCOUVER — Frustrated investors are increasingly resorting to proxy battles as share prices languish, with Maudore Minerals (MAO-V) and Roxgold (ROG-V) two of the latest to see a shareholder revolt.
Cobriza hits new porphyry in Peru
The latest drill results from Cobriza Metals (CZA-T) Arikepay project in Peru have the company confident it has made a new porphyry discovery.
Avalon updates Nechalacho resource
Exploration drilling completed last year has lifted indicated resources at its flagship Nechalacho rare earth deposit by 73% to 152.3 million tonnes grading 1.32% total rare earth oxides (TREO) and produced the deposit’s first measured…
Cline hit hard by falling coal demand, suspends New Elk ops
VANCOUVER — Global economic woes stemming from the Euro crisis and slowing industrial activity in some of the world’s largest economies continue to take a toll on coal producers, as Toronto-based developer Cline Mining (CMK-T) opted…
Goldcorp falls on forecasted production reduction
A day after Goldcorp cut its 2012 production guidance the company saw its share price drop significantly.
Golden Arrow gets lift from drill results
Step-out drilling at Golden Arrow Resources Corp.’s (GRG-V) Chinchillas silver project in Argentina’s Jujuy province has returned several long intercepts including 29 metres grading 631 grams silver per tonne, the company reports.
Northern Graphite falls on Bissett Creek feasibility study
VANCOUVER — A race is on amongst prospective graphite producers and Ottawa-based Northern Graphite (NGC-V) has been one of the favourites with its advanced-stage Bissett Creek property 100 km east of North Bay, Ont. The company released a…
Red Eagle hits 7 metres grading 41.53 grams gold at Santa Rosa
VANCOUVER — Red Eagle Mining (RD-V) continues to report encouraging infill gold hits from its Santa Rosa project in Colombia.
What next for South American Silver
The release yesterday of South American Silver’s (SAC-T, SOHAF-O) remaining employees and a police officer taken hostage earlier this month by opponents to its Malku Khota project in Bolivia marks a new phase in the Vancouver-based…
U.S. equities move lower, July 2-6
U.S. markets were in positive territory before closing mid-week for the July 4 Independence Day holiday, but moved into negative territory again after disappointing jobs data demonstrated that nonfarm payrolls added just 80,000 jobs in…