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…
South America
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…
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…