A growing Mandalay remains Desjardins’ top pick
Mandalay Resources (TSX: MND; US-OTC: MNDJF) has bumped up its full-year production guidance after reporting solid third-quarter numbers.
South America
Editorial: Some satisfaction for Gold Reserve and Kinross
“Never, never, never give up.” More often than not in mining, this proves to be great advice.
Argentex grows Pinguino, looks for partners
Argentex Mining (TSXV: ATX; US-OTC: AGXMF) believes its Pinguino project is the largest undeveloped silver-gold vein field in the Patagonia region of Argentina.
TSX sinks on global economic fears, Oct. 6-10
Canada’s main stock index posted its biggest loss in more than a year as investors fretted about the state of the global economy, despite robust employment data.
Chilean court suspends El Morro project, again
Goldcorp (TSX: G; NYSE: GG) and New Gold (TSX: NGD; NYSE-MKT: NGD) are having an unlucky streak at their El Morro gold-copper project in northern Chile, where local officials have temporarily suspended development for the third time in three…
A leaner Coeur Mining boosts returns
Coeur Mining (TSX: CDM; NYSE: CDE) is steadily turning the corporate ship back towards profitability. The largest U.S.-based primary silver producer has spent nearly three years in transition — navigating choppy metal prices and financial…
Yamana keeps the drills close to home, as it looks for ‘higher-quality ounces’
VANCOUVER — Yamana Gold (TSX: YRI; NYSE: AUY) says the best return on its exploration capital will be realized through brownfield initiatives at its producing mines. The company is in the midst of a $75-million program to “unlock…
Lundin to buy Candelaria from Freeport
VANCOUVER — Rumours had been swirling for months over Lundin Mining’s (TSX: LUN; US-OTC: LUNCF) eyeing of Freeport-McMoRan’s (NYSE: FCX) 80% stake in the Candelaria copper-mining complex in Chile’s Atacama province, and…
TSX declines, Sept. 22-26
The S&P/TSX Composite Index lost 238.58 points during the trading week to end at 15,026.77. The S&P/TSX Global Gold Index stayed relatively flat at 170.72 points, while the spot price for gold added US$3.20 per oz. to US$1,219.40. The…
China moves to restrict imports of low-quality coal
A week before the United Nations Climate Summit kicked off in New York, China’s National Development and Reform Commission (NDRC) released a directive on coal stating that the country would restrict imports of low-quality coal in certain…
RB Energy proposes sale of iodine mine, $80M financing
At press time in late September, shares in fledgling lithium miner RB Energy (TSX: RBI; US-OTC: RBEIF) had fallen by half since it proposed a $78-million to $88-million financing in mid-September.
Drilling prices ‘not sustainable’: Major Drilling
Prices for drilling services have reached levels that are too low to be viable in the long term, said Francis McGuire, president and CEO of Major Drilling Group International (TSX: MDI), in the company’s most recent financial statements…