Junior miners and explorers cashing up
Junior explorers launched substantial financings when the networking-heavy Prospectors & Developers Association of Canada convention wrapped up in Toronto.
South America
Sandstorm Gold a rising star in commodity-stream financing
Sandstorm Gold (SSL-V) is not an exploration or operational mining outfit. The company is not interested in spending equity capital on surface exploration, drill programs or environmental-impact studies. Instead, Sandstorm took the idea of…
It’s high noon for Anglo and Codelco at Los Bronces
Vancouver — A dispute between Anglo American (AAUKY-Q, AAL-L) and Chilean state-owned copper miner Codelco over the Los Bronces copper mine in Chile has devolved into a public spat in the Chilean courts and international press.
Fortuna sees a reversal of fortunes
Vancouver — Fortuna Silver Mines (FVI-T, FSM-N) is the latest company to get hammered for cost escalations after missing 2011 projections and forecasting higher costs for 2012.
First Quantum preps Sentinel for production
First Quantum Minerals (FM-T, FQM-L), which has several copper projects in its development pipeline, has provided a maiden reserve and resource for its Sentinel copper project in Zambia.
Canadian companies lead the charge in Guyana
The Guyanese mining sector is looking to Canada for investment and support as the South American nation moves to further develop its mineral resources.
Atacama’s drills keep turning
Atacama Pacific Gold (ATM-V) is reporting positive results from third-phase drilling at its Cerro Maricunga gold project 140 km northeast of Copiapo, Chile.
Continental rebounds on Buritica results
Continental Gold (CNL-T) has released high-grade assays on 13 drill holes collared on its fully owned Buritica gold-silver-zinc property in Antioquia, Colombia.
B2Gold makes Nicaragua its platform for growth
Many companies aspire to be a mid-tier gold producer, but few actually become one. There’s the small matter of finding a deposit that will yield good profit margins, and then there are financing issues, political risks and operational…
Jaguar Mining licks its wounds after tough quarter
Vancouver — Referred to by its chairman as a ‘challenging year’, Jaguar Mining’s (JAG-T) saw costs rise and profits fall in 2011 despite an increase in gold production and the price of gold.
Magellan grows Coringa in Brazil
Magellan Minerals (MNM-V, MAGNF-O) has bulked up its resources at its Coringa project in Brazil’s Para State.
Calvista carves out piece of rich Colombia gold district
Vancouver — Clutching a few small blocks of property in what is probably Colombia’s most famous gold mining district, Calvista Gold (CVZ-V) is having little trouble hitting gold.