[Update] Brigus turns a corner
Brigus Gold (BRD-T, BRD-X) says it is “just going to keep on improving” to reach a steady annual production rate of 100,000 oz. gold by year end at the Black Fox gold mine in Timmins, Ont.
News
Nothing to fear for copper projects in Argentina
When Lumina Copper (LUM-V) announced earlier this month that it had significantly increased the size of its Taca Taca project in Argentina, mining analyst Adam Low of Raymond James raised his six-to-twelve month target price on the stock by…
Time is not on Baja Mining’s side
There is “substantial doubt” that Baja Mining (BAJ-T, BAJFF-O) will be able to continue as a going concern, the company declared on May 16 in its first-quarter earnings analysis under a section entitled Risk Factors.
Inmet finances Cobre Panama under majority ownership
VANCOUVER — Toronto-based major Inmet Mining (IMN-T) has opted to retain its majority interest in the world-class Cobre Panama copper-gold project through development financing, as the company announced a hybrid plan that would see it…
Editorial: Are gold stocks the new value play?
The game of gold investing never gets dull for investors who get to ponder the delicate interplay of geopolitics, macroeconomics, heavy industry, mineral exploration and fashion trends that gives us our ever-changing prices for gold bullion and…
Canaco dives 66% on resource estimate
Canaco Resources (CAN-V) took a deadly plunge, losing 66% on a maiden resource estimate for the Magambazi area of the Handeni gold project in Tanzania.
Updated: Hana plunges on Ghanzi scoping study
VANCOUVER — Hana Mining’s (HMG-V) share price dropped 68% after the company released a long-awaited first economic study on the Banana Zone and Zone 5 at its 70%-owned Ghanzi project in Botswana.
Xstrata and JX Nippon commit $35M to B.C. coal project
VANCOUVER — Xstrata’s (XTA-L) coal division is wasting little time in advancing its recently secured coal fields in British Columbia’s Peace River region as it and 25% joint venture partner JX Nippon Oil and Energy launch into a…
Copper Mountain’s Q1 results surpass expectations
An impressive ramp up at the Copper Mountain mine in southern British Columbia and higher than anticipated first-quarter revenue suggest that shares of Copper Mountain Mining (CUM-T) represent an attractive risk-reward trade-off, mining analyst…
TSX tumbles during May 7-11
It was all downhill for the Toronto Stock Exchange during the May 7-11 trading week as uncertainty in Europe continued and worries over China’s slowed growth increased, offsetting strong job creation data from Canada.
Venture slides in May 7 to 11 period
VANCOUVER — The S&P TSX Venture Composite Index dropped 4.2% in the May 7 to 11 period, losing 58.72 points to end at 1,346.33 points after three days of losses outweighed two days of gains. Investor caution is clearly taking hold,…
U.S. stocks retreat again, May 7-11
More alarming economic data from China and the European Union, China’s biggest export market, along with political deadlock in Greece, combined to send U.S. equities down sharply during the May 7-11 trading week. China’s industrial…