Lago Dourado lured by Brazilian gold
Forbes Gemmell, 34, is likely one of the younger chief executives of a publicly listed mining company. Six months ago he abandoned his career as a research analyst and took…
South America
Fortuna Silver boosts reserves, earnings
Fortuna Silver Mines (FVI-T) has added significant tonnage to its overall resource holdings and plans more exploration for the year ahead.
Greystar shuffles management
After being forced back to the drawing board in March in the face of major environmental opposition to its proposed heap-leach open-pit Angostura gold mine in Colombia, Vancouver-based Greystar Resources (GSL-T, GSL-L) has agreed to change its…
Trevali hits thick mineralization at Halfmile (April 29, 2011)
Vancouver – Trevali Mining (TV-T) has hit the thickest mineralized intercept yet at its polymetallic Halfmile project in New Brunswick.
Belo Sun adds lustre to Volta Grande (April 28, 2011)
Belo Sun (BSX-V) is beefing up resources at its Volta Grande gold project in Brazil’s Para state, with plans of completing a feasibility study by year-end.
China Minmetals walks from Equinox; Chinalco signs copper JV with Rio Tinto
As China Minmetals turns its back on Equinox Minerals (EQN-T, EQN-A) saying Barrick Gold’s (ABX-T, ABX-N) $7.3 billion offer for the copper producer is above its “most optimistic assessment of value,” another Chinese state-owned company has…
Colossus pulls monster intercept from Serra Pelada
Vancouver – Colossus Minerals (CSI-T) has followed up earlier high-grade hits with a monster intercept from its 75%-owned Serra Pelada project in Brazil’s Para state.
Barrick bids for Equinox (April 25, 2011)
The board of Equinox Minerals (eqn-t, eqn-a) is withdrawing its bid for Lundin Mining (lun-t) and endorsing instead an all-cash takeover bid of $8.15 per share from Barrick Gold (abx-t, abx-n), which values the company at about $7.3 billon. The…
Peregrine Metals is on the move
With the war for talent heating up in the mining industry, it was something of a coup for junior Peregrine Metals (PGM-T) to snag as its new president Richard Leclerc – a seasoned mining veteran who, over his 29-year career, has been a key…
Reunion gets cash, moves ahead at Matthews Ridge
Some big resource investment houses have signaled their faith in Reunion Gold’s (RGD-V) Matthews Ridge manganese project in Guyana, and market participants took their cue.
Capstone bids $725M for Far West, partners with KORES
Capstone Mining (CS-T) has made a $725-million bid for Far West Mining (FWM-T) for its Chilean copper project while bringing on South Korean partner – Korea Resources Corp. (KORES) – to front the cash.
Goldcorp doubles gold reserves at Cerro Negro (April 25, 2011)
The world’s second-largest gold producer by market value, Vancouver-based Goldcorp (G-T, GG-N), has announced a major update for its promising Cerro Negro gold project in Argentina.