Barrick slides on management changes
Barrick Gold (ABX-T, ABX-N) took a mild beating after it named a new chief executive in a move to bolster its share price, leaving some analysts wondering if turbulent waters lie ahead.
South America
Xstrata copes with civil unrest in Peru
VANCOUVER — As with many developing countries, there is a natural resource duality in Peru that can trigger tension between pro-mining interests and local communities. Switzerland-based mega-miner Xstrata PLC (XTA-L) is stuck in the…
Drill results lift Continental Gold
Strong drill results from nine diamond drill holes at the Buritica gold project in Colombia sent shares of Continental Gold (CNL-T) up 28¢ or 3.9% to $7.38 apiece on June 4.
Sunward grows the resource in Colombia
Sunward Resources (SWD-T) believes it could be sitting on top of Colombia’s next gold district and its latest resource estimate lends some credit to the notion.
GoldQuest soars 613% on new discovery
GoldQuest Mining (GQC-V) shares have taken flight after the company revealed a monster gold intercept from its 15-hole program at the Las Tres Palmas project in the northest Dominican Republic, around 40 km east-southeast from the border with…
Kinross unloads stake in Crixas for US$220 million
VANCOUVER — Canada’s third-largest gold producer Kinross Gold (K-T, KGC-N) has divested its 50% stake in the Crixas gold operation in central Brazil to South African partner AngloGold Ashanti (AU-N, AGG-A) in a cash deal worth…
Taca Taca won’t be taken, analysts say
When Lumina Copper (LCC-V) announced in early May that it had increased the size of its Taca Taca copper project in northwestern Argentina, mining analyst Adam Low of Raymond James raised his six- to 12-month target price on the stock by $2.50,…
Rio Verde to secure $15M for key projects
Rio Verde Minerals (RVD-T) aims to add $15 million to its coffers to help fund exploration and development at its key potash and phosphate projects in northern Brazil, by selling its shares at a premium.
McEwen comments on uncertainty in Argentina
When mining entrepreneur Rob McEwen put US Gold and Minera Andes together to create McEwen Mining (MUX-T, MUX-N) he was working on the model that you could take one company that had cash flow and another company that had development…
Seafield shores up Miraflores
Seafield Resources (SFF-V) gave the market something to chew on after releasing a preliminary economic assessment on its Miraflores project in Colombia.
Nothing to fear for copper projects in Argentina
When Lumina Copper (LUM-V) announced earlier this month that it had significantly increased the size of its Taca Taca project in Argentina, mining analyst Adam Low of Raymond James raised his six-to-twelve month target price on the stock by…
B2 Gold shows faith in Calibre
B2Gold (BTO)-T will help finance Calibre Mining’s (CXB-V) exploration activities in Nicaragua by purchasing 20 million Calibre units for $5 million in cash.