Miedzi Copper loses Poland concessions
Ross Beaty isn’t the type of businessman who normally airs his grievances in public. But when two of his copper concessions in Poland were apparently revoked by the Polish government, he felt he had no choice.
Europe
Eric Roth’s Aegean Metals sees upside in Turkey
VANCOUVER — It was a quiet couple of years for Eric Roth after Yamana Gold (TSX: YRI; NYSE: AUY) snapped up his Extorre Gold Mines and its Cerro Moro project in Argentina for US$400 million in mid-2012. But now as president…
New management at Anglo Pacific shifts focus to royalties
After graduating with a BA from Harvard University and an MBA from Harvard Business School, Julian Treger launched his career working for Lord Rothschild as an in-house corporate financier managing a portfolio of public and private equity…
Alacer plans sulphide expansion at Copler
VANCOUVER — For US$660 million Alacer Gold (TSX: ASR; US-OTC: ALIAF) could add a sulphide circuit to its heap-leach Copler (“Çöpler” in Turkish) gold mine in Turkey, an expansion that should pay for itself in the…
World Gold Council spearheads review of London gold fix
VANCOUVER — The gold industry appears to be reacting to growing scrutiny over the century-old method that determines the daily spot price of gold. On June 18 the World Gold Council — a market-development organization composed of top…
Avala’s open-pit mine plan for Timok in Serbia
VANCOUVER — Serbia has received attention lately as an under-explored jurisdiction for copper porphyry targets, but for junior Avala Resources (TSXV: AVZ) the story is all about gold. To this end, the company has just tabled an…
Euromax set to build Macedonia’s first ‘modern mine’
VANCOUVER — London-based Euromax Resources (TSXV: EOX) is on the verge of making history by building the first modern-day mine in Macedonia. The company has tabled a prefeasibility study on its Ilovitza gold–copper…
Another Turkish porphyry for Pilot and Teck
VANCOUVER — With its first hole into a new target, Pilot Gold (TSX: PLG; US-OTC: PLGTF) has found a copper–gold porphyry at its TV Tower project in Turkey, reinforcing the district-scale potential of the large land package.
Mandalay acquiring Elgin for $70M
VANCOUVER — Toronto-based gold miner Mandalay Resources (TSX: MND; US-OTC: MNDJF) had been on the lookout for an acquisition to boost its near-term production profile, and it has apparently found a fit in Elgin Mining (TSX: ELG,…
Glencore Xstrata set to take 20% stake in Solid Resources’ Cehegin
For the last seven months, Canadian junior Solid Resources (TSXV: SRW) and diversified mining heavyweight Glencore Xstrata (LSE: GLEN) have been completing due diligence on a group of sixty-two iron ore concessions in southeastern Spain known…
Dalradian boosts Curraghinalt in Northern Ireland
VANCOUVER — According to CEO Patrick Anderson, explorer Dalradian Resources (TSX: DNA) has developed a “superior geological model” at its Curraghinalt lode-gold deposit 127 km west of Belfast, Northern Ireland, that is…
Eldorado’s Certej could be ‘platform’ into Eastern Europe
VANCOUVER — On April 7 producer Eldorado Gold (TSX: ELD; NYSE: EGO) unveiled an updated prefeasibility study (PFS) on its 80%-owned Certej gold–silver project in the Apuseni Mountains in western Romania. And though Eldorado…