Goldcorp posts US$1.9B net loss in Q2
Goldcorp (TSX: G; NYSE: GG), the largest gold miner by market value, showed it’s not immune to the falling gold price.
South America
MBAC Fertilizer’s production milestone
MBAC Fertilizer (TSX: MBC; US-OTC: MBCFF) has started producing single super phosphate (SSP) powder at its Itafos Arraias project in central-northern Brazil — an area the government is calling the country’s new agricultural frontier.
Eldorado hits the brakes on expansion, shares rises 23%
VANCOUVER — Eldorado Gold (TSX: ELD; NYSE: EGO; US-OTC: ELDXF) has joined a growing list of miners opting to cut back on exploration and development expenditures in the face of struggling commodities markets. The company announced on…
Bellhaven drills into third porphyry at La Mina
VANCOUVER — Patience is paying off for Bellhaven Copper & Gold (TSXV: BHV).
Guatemala to ban new mining, exploration licences
Guatemala’s president Otto Perez Molina plans to place a two-year moratorium on issuing new mining and exploration licences, giving the nation time to reform its mining law, says Tahoe Resources (TSX: THO; NYSE: TAHO).
Continental pushes ahead at Buritica despite share price slide
VANCOUVER — The nine drills turning at Continental Gold’s (TSX: CNL) Buritica project in Colombia are returning high-grade gold-silver intercepts from within and outside the defined resource, positioning the project for a resource…
Anfield receives first exploitation licence for Mayaniquel
Shares of Anfield Nickel (TSX: ANF) jumped 12% to $2.91 after Guatemala’s Ministry of Energy and Mines approved the first of three exploitation licences the junior has submitted for its Mayaniquel nickel laterite project.
Atico completes El Roble resource
When it comes to pedigree in South America’s mining industry, it doesn’t get much better than the storied Ganoza family of Peru, which has owned and operated underground gold, silver and base metal mines in both their homeland and…
Toronto Stock Exchange, June 24-28
The Toronto Stock Exchange closed trading in positive territory, with the S&P/TSX Composite Index gaining 133 points, or 1.11%, to 12,129.11. Despite the boost, the index is down 2.45% year to date.
Barrick puts Pascua-Lama on slow track, eyes US$5B writedown, job cuts
When you’re in trouble, by all means keep digging, but just slow down the pace a bit. At least that is the solution Barrick Gold (ABX-T, ABX-N) has devised for its bloated Pascua-Lama gold mine project under construction in Chile and…
Pacific Potash keeps climbing
VANCOUVER — Brazil is the fastest growing potash market in the world, and Vancouver-based Pacific Potash (PP-V) is hoping it can help the country sate some of its potash hunger domestically.
Touchstone looks to score in Colombia
MEDELLÍN, COLOMBIA — Junior explorer Touchstone Gold (TCH-T, TGL-L) believes its Segovia high-grade gold project in northwestern Colombia is one of the more exciting mining stories coming out of the country, which over the…