Orbit Garant buys Burkina Faso drilling company
Orbit Garant Drilling (TSX: OGD), one of Canada’s largest drilling companies, took advantage of the last downturn to make a strategic move into Chile, and now hopes to repeat that…
South America
Amarillo improves economics of Mara Rosa in Brazil
Amarillo Gold (TSXV: AGC; US-OTC: AGCBF) recently tabled an updated prefeasibility study (PFS) for the Posse gold deposit on its 100%-owned Mara Rosa gold project in Goias state, Brazil. The…
TSX posts mixed results, Oct. 1-5
Canada’s benchmark index fell 0.9% to 15,946.17 and the S&P/TSX Global Mining Index fell 0.39% to 65.54. Gold performed better, however, as the S&P/TSX Global Gold Index rose 2% to…
New Dimension boosts indicated resources 22% at Las Calandrias
New Dimension Resources (TSXV: NDR; US-OTC: NWDMF) has increased the indicated gold resource by 22% or 69,000 oz. gold at its Las Calandrias gold-silver project in Santa Cruz, Argentina. The updated…
Ero Copper finds zone near Vermelhos mine
Since listing on the Toronto Stock Exchange in October 2017, shares of Ero Copper (TSX: ERO; US-OTC: ERRPF) have soared from their initial public offering price of $4.75 to $12.30….
Blockade halts Trevali’s Santander mine
Operations at Trevali Mining’s (TTSX: TV; US-OTC: TREVF) Santander zinc mine in Peru were temporarily halted after a “small group of community members and other persons not affiliated with the…
TSX posts solid gains, Sept. 17-21
Canada’s benchmark index rose 1.31% to 16,224.13 during an improved trading week. The S&P/TSX Global Mining Index rose 5.4% to 66.73 and the S&P/TSX Global Gold Index rose 2.7% to…
Barrick and Randgold to merge in US$18B deal
Barrick Gold (TSX: ABX; NYSE: ABX) and Randgold Resources (LON: RRS; NASDAQ: GOLD) have agreed to a share-for-share merger to create the New Barrick Group in a deal valued at…
Three Continental Gold geologists killed in Colombia
Three exploration geologists working on Continental Gold’s (TSX: CNL; US-OTC: CGOOF) Berlin project in Colombia were killed during an attack on their residence in the middle of the night. The…
Palamina expands gold footprint at Veta
Palamina (TSXV: PA; US-OTC: PLMNF) is continuing to expand the Veta gold zone at its Coasa gold project in south eastern Peru. The company discovered high-grade gold at surface at…
TSX falls, Sept. 3-7
Canada’s benchmark index fell 1.06% to 16,090.27 during a shortened trading week. The S&P/TSX Global Mining Index fell 4.3% to 62.70 and the S&P/TSX Global Gold Index fell 2.9% to…
CIBC initiates coverage of Equinox Gold
CIBC has launched coverage of junior developer Equinox Gold (TSXV: EQX) with an outperform rating and a 12-18 month target price of $1.30 per share. The stock is currently trading…