TSX Venture posts strong gains, June 6-10
The S&P/TSX Venture Composite Index jumped 3.2%, or 21.87 points, to a 715.59-point close, as gold prices climb towards four-week highs. Spot gold gained 2.4%, or US$30.04, to a US$1,274.24…
South America
Fortuna scooping up Goldrock for US$101M
VANCOUVER — Fortuna Silver Mines (TSX: FVI; NYSE: FSM) has been on the lookout for an acquisition in the Americas, and it found a fit in Goldrock Mines (TSXV: GRM; US-OTC:…
MDN sees future in niobium, acquires Argor
Two of the bigger mining deals in recent memory have a common denominator that might surprise a few people. Was it gold or copper? Neither. It was niobium — a…
Lundin Gold tables feasibility study for Fruta del Norte
VANCOUVER — Lundin Gold (TSX: LUG; US-OTC: FTMNF) has completed a feasibility study that outlines a path to production at its flagship Fruta del Norte (FDN) gold project in southeastern Ecuador….
Pure Energy’s Robinson surveys the world’s lithium deposits
VANCOUVER —While the burgeoning lithium market has sent companies scrambling to secure and advance lithium projects across the globe, anyone new to the scene may be left wondering what the…
Editorial: Northern Andean economies groan as oil revenues dry up
There’s nothing quite like a fall in oil prices to expose the cracks in the economies and politics of countries highly dependent on oil exports. And such is the case…
Zafranal could produce copper for nearly two decades, study says
A positive prefeasibility study on the Zafranal project — an Andean style porphyry copper-gold deposit in southern Peru owned by Teck Resources (TSX: TCK.A; TSX: TCK.B; NYSE: TECK), AQM Copper…
TSX climbs, May 16–20
Canada’s benchmark index advanced ahead of the Victoria Day holiday weekend, rising 171 points, or 1.2%, to 13,919.58, as investors took in higher oil prices and the possibility that the…
Dynacor prepares for maiden resource at Tumipampa
Dynacor Gold Mines (TSX: DNG; US-OTC: DNGDF) is preparing to table the first-ever resource calculation at its Tumipampa gold-copper exploration project, 500 km southeast of Lima, Peru. Jean Martineau, Dynacor’s…
Focus improves phosphate mine plan at Bayovar
VANCOUVER — Focus Ventures (TSXV: FCV) has updated a prefeasibility study at its Bayovar 12 phosphate property, 70 km south of the city of Piura, Peru. It envisages a a US$168-million development…
Silver Standard may use Chinchillas as feed for Pirquitas
VANCOUVER — Silver Standard Resources (TSX: SSO; NASDAQ: SSRI) is moving forward on pre-development studies that may lengthen mine life at its Pirquitas silver mine in northern Argentina’s Jujuy province,…
Argentine tycoon Elsztain bets big on gold
Eduardo Elsztain — one of Argentina’s richest men — has been buying and selling hard assets for the last 35 years. His first real estate deal in 1982, when he…