Hochschild boosts mine life of Inmaculada
During a presentation at its Capital Markets Day in London, Hochschild Mining (LON: HOC) announced that brownfield drilling this year at its Inmaculada underground mine in Peru has added inferred…
South America
TSX posts gains, Oct. 29-Nov. 2
After falling as low as 14,639.70 in October 2018, Canada’s benchmark index rebounded to end the trading week up 1.55% to 15,119.28. The S&P/TSX Global Mining Index rose 5.9% to…
Regulus spin-out Aldebaran Resources starts trading
Regulus Resources (TSXV: REG) spin-out Aldebaran Resources (TSXV: ALDE) debuted on the Toronto Venture Exchange at 90¢ before tumbling to 59¢ in mid-afternoon trading. Aldebaran shares the same core management…
Aurania’s Lost Cities project shows strong copper grades
Reconnaissance exploration at the Kirus and Jempe targets at Aurania Resources’ (TSXV: ARU); US-OTC: AUIAF) Lost Cities – Cutucu project in Ecuador has returned grab samples of rock with copper…
Guyana Goldfields cuts production guidance at Aurora
Shares of Guyana Goldfields (TSX: GUY; US-OTC: GUYFF) plunged 46% to $1.62, on news that the company has cut its 2018 production guidance and launched a review of the underlying…
Horizonte completes feasibility on Araguaia nickel project in Brazil
Araguaia, one of the largest undeveloped ferro-nickel projects in the world, could produce about 52,000 tonnes of ferronickel a year over a mine life of 28 years, Horizonte Minerals (TSX:…
US markets end in positive territory, Oct. 15-19
The Dow Jones Industrial Average rose 0.41% to 25,444.34, while the S&P 500 Index rose 0.02% to 2,767.78. Spot gold rose 0.74% to US$1,226.50 per oz. gold. Coal producers in…
Newmont’s Merian mine hits 1 million ounce milestone
Two years after commercial production began in October 2016, Newmont Mining’s (NYSE: NEM) Merian mine in Suriname has poured one million ounces of gold. Newmont Suriname — a subsidiary of…
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…
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…