Moody’s downgrades its outlook on Eldorado Gold
Eldorado Gold’s (TSX: ELD; NYSE: EGO) troubles in Greece and Turkey have prompted Moody’s Investors Service to downgrade its rating outlook for the gold producer from stable to negative. “The…
Europe
Black Iron restarts in Ukraine three years after Russian invasion
In the three years leading up to Russia’s invasion of the Ukraine in 2014, Black Iron (TSX: BKI) was making headway at its flagship Shymanivske iron ore project, 330 km…
Dalradian on path to production at Curraghinalt
BEAVER CREEK, COLORADO — A mineral-processing technology commonly used in the diamond mining industry may improve the economics for Dalradian Resources’ (TSX: DNA; US-OTC: DRLDF) Curraghinalt gold project, 127 km…
Seven questions investors should ask about geophysical anomalies
VANCOUVER — Geophysical surveys are frequently used by the mining and exploration industry to detect potential mineral deposits hidden beneath the subsurface. However, the results of geophysical surveys can be…
Eldorado withdraws threat to suspend investment in Greece
Eldorado Gold (TSX: ELD; NYSE: EGO) will “temporarily postpone” a decision it made earlier this month to suspend its investments in Greece on Sept. 22 due to permitting delays and…
Eldorado threatens to suspend investments in Greece
Eldorado Gold (TSX: ELD; NYSE: EGO) will suspend all investment at its operating mines, development projects and exploration assets in Greece due to chronic delays in permits and licences that…
Nevsun halves Bisha mine life, revises Timok study plans
Newly appointed CEO Peter Kukielski hasn’t wasted time putting his imprint on Nevsun Resources (TSX: NSU; NYSE-MKT: NSU). The Stanford University-educated civil engineer, who joined the company in May, is…
Sandstorm CEO sets the record straight on Mariana deal
VANCOUVER — Sandstorm Gold (TSX: SSL; NYSE-MKT: SAND) made headlines in April when it bid US$175 million in cash and shares for explorer Mariana Resources and its 30% stake in the…
LME and World Gold Council launch LMEprecious
The following is an edited amalgam of statements by the London Metal Exchange on the LME and World Gold Council’s launch of the LMEprecious trading platform on July 10 in…
TSX Venture falls, June 26-30
The S&P/TSX Venture Composite Index lost 1.4%, or 10.51 points, to a 766.74-point close, as spot gold prices hit eight-week lows, falling US$15.10 to US$1,241.61 per oz., . More demand…
Pasinex shines at Pinargozu mine in Turkey
Pasinex Resources — the 50%-owner of the high-grade Pinargozu zinc mine in southern Turkey — has seen its shares climb more than 300% over the past year. Driving the share-price…
Sandstorm bids for Mariana
Streaming and royalty firm Sandstorm Gold (TSX: SSL; NYSE-MKT: SAND) is buying Mariana Resources (TSX: MRY; LON: MARL) at an 84% premium to get its hands on the high-grade Hot…