Carpathian sinks on financing
Carpathian Gold’s shares (TSX: CPN; US-OTC: CPNFF) fell 26% after the company announced a bought-deal financing to finish developing its Riacho dos Machados (RDM) gold project in Minas Gerais, Brazil.
South America
Sierra Metals keeps faith in exploration
There are two ways to look at the current rough conditions in the mining equity markets: investors can believe in the “sky is falling” scenario and stay clear for an indeterminate period of time, or they can see present conditions…
McEwen Mining’s record Q2, new optimism on Argentina
Even with an after-tax, non-cash impairment charge of US$123.6 million related to the decline in metal prices and potential costs associated with a 1% tax on economically viable mineral reserves in Argentina’s Santa Cruz province, McEwen…
Tahoe’s Escobal silver mine poised for start-up
With US$99.2 million in cash on its balance sheet, including proceeds from a US$50-million loan received in June, Tahoe Resources (TSX: THO; NYSE: TAHO) says it is all cashed up to start full production at its Escobal silver mine in…
Minera IRL raises US$80M for Don Nicolas mine construction
Minera IRL (TSX: IRL; LSE-AIM: MIRL) has struck a US$80-million debt and equity deal with private Argentine business interests that will allow the Lima-based gold miner to go ahead with mine construction at its advanced Don Nicolas gold project…
Macusani multiplies resource count at Peruvian uranium properties
VANCOUVER – A new estimate for Macusani Yellowcake’s (TSXV: YEL) suite of uranium properties on the Macusani Plateau in southeastern Peru has boosted the resource count by 167% in advance of a preliminary economic assessment (PEA) due out…
Barrick takes US$8.7B impairment charge
Barrick Gold (TSX: ABX; NYSE: ABX) is writing down the value of its assets by US$8.7 billion and slashing its quarterly dividend in response to the recent decline in metal prices.
Colossus falls on delay at Serra Pelada
Colossus Minerals’ (TSX: CSI; US-OTC: COLUF) shares fell hard after the company announced that it needs more dewatering capacity at its Serra Pelada polymetallic development project in Brazil.
Candente eyes Cobriza to boost opportunities
The whole appears greater than the sum of its parts for Candente Copper (TSX: DNT), which is acquiring Cobriza Metals (TSXV: CZA; US-OTC: CBZMF) — a company it spun out in late 2011 — to survive and hopefully thrive in a harsh…
Amerigo extends tailings deal until 2037
The El Teniente mine in the Chilean Andes has been producing copper since 1904, and Codelco believes the underground copper mine — the world’s largest, with more than 2,400 km of subterranean tunnels — has many more decades to…
Long hit stokes optimism at Cotabambas
VANCOUVER — A long copper-gold intercept suggests that the Ccalla deposit has more mineralization to offer Panoro Minerals (TSXV: PML; US-OTC: POROF), as the company gets set to update the resource estimate at its Cotabambas project in…
Agnico pursues growth amid capital cuts
Despite the weaker gold price, slumping profits and spending cuts, Agnico Eagle Mines (TSX: AEM; NYSE: AEM) says it’s on track to grow its gold production to 1.2 million oz. by 2015.