Colombian Mines buoyed by assets
VANCOUVER — Colombian Mines (TSXV: CMJ; US-OTC: CMBPF) has remained active on the exploration front through a hybrid strategy of project generation and organic discovery.
South America
Trevali transitions from developer to producer in Peru
It took Trevali Mining (TSX: TV; US-OTC: TREVF) just six months to move its Santander zinc–lead–silver mine in Peru from commissioning to commercial production, and now the Vancouver-based company says it’s ready to develop…
TSX stays up, Feb. 18-21
The S&P/TSX Composite rose 150.96 points during the week to end at 14,205.72. The spot price for gold rose US$7 per oz. to $1,326.10, pushing up the gold miners. The S&P/TSX Global Gold Index added 4.03 points to 204.82, while the…
Panoro looks forward to ‘transformational year’
Luquman Shaheen, the CEO of Panoro Minerals (TSXV: PML; US-OTC: POROF), remains upbeat and optimistic about the prospects of the company’s Cotabambas copper–gold–silver–molybdenum project and Antilla…
Minera IRL eyes near-term growth
Lima-based Minera IRL (TSX: IRL; LSE: MIRL) has exited 2013 on an upbeat note, and says it is on track to grow its gold production over the next two years.
Yamana takes US$536M impairment charge in Q4
Yamana Gold (TSX: YRI; NYSE: AUY) saw its fourth-quarter earnings diminish after several of its exploration projects and operations took impairment charges partly due to the decline in metal prices.
Belo Sun revises Volta Grande’s mine plan
Belo Sun Mining (TSX: BSX; US-OTC: VNNHF) has gone with a start-small-but-finish-big approach in a preliminary economic assessment (PEA) for its Volta Grande gold project in Brazil’s Para state.
Verde Potash scores major funding from Brazilian government
VANCOUVER — It has been just over five years since Verde Potash (TSX: NPK; US-OTC: AMHPF) staked its Cerrado Verde potash project in western Minas Gerais, Brazil, with the goal of meeting the country’s growing fertilizer demand. And…
Augusta blasts Hudbay’s ‘lowball’ hostile bid
Augusta Resource’s (TSX: AZC; NYSE-MKT: AZC) board calls the unsolicited takeover offer by Hudbay Minerals (TSX: HBM; NYSE: HBM) “grossly opportunistic” and “lowballed,” and urges shareholders to reject the…
Atacama Pacific Gold grows Cerro Maricunga
Over the last three years, Atacama Pacific Gold (TSXV: ATM; US-OTC: ACPGF) has advanced its Cerro Maricunga gold deposit in northern Chile from a grassroots discovery to one of the largest undeveloped oxide gold deposits in the world, with 3.5…
Carpathian’s RDM mine remains closed, CEO resigns
Shares of Carpathian Gold (TSX: CPN; US-OTC: CPNFF) sank 22% to 7¢ apiece after the Toronto-based miner shuffled its management, including axing its CEO, weeks after it was forced to shutter its newly producing Riacho dos Machados…
PotashCorp’s Q4 earnings fall 46%
Potash Corp. of Saskatchewan (TSX: POT; NYSE: POT) has posted a 46% drop in its fourth-quarter 2013 earnings and a weaker-than-expected 2014 guidance, as tough market conditions linger for crop nutrients.