Kinross Gold (K-T, KGC-N) fell more than 20% after it said it is reviewing its three major advanced gold projects to improve economics, likely causing months of delay and a goodwill write down of the Tasiast gold project in Mauritania.
When Rob McEwen first proposed the combination of US Gold (UXG-T, UXG-N) and Minera Andes (MAI-T, MNEAF-O) in June 2011, the chairman, chief executive and largest shareholder of both companies thought the deal easily could be completed by early…
The Caspiche gold-copper project in northern Chile’s Maricunga gold district has a US$2.8-billion pre-tax net present value at a 5% discount rate and a pre-tax internal rate of return of 11.5%, according to Exeter Resource’s (XRC-T, XRA-X) new…
Seafield Resources (SFF-V) released some long intercepts from its Miraflores deposit in Colombia and the market took notice.
Guyana Goldfields (GUY-T) will release the findings of a definitive feasibility study on its Aurora gold project in late February following a four-week peer review, the company says, and a revised resource estimate will be out before the end of…
International Minerals (IMZ-T) has received a positive feasibility study for its 40%-owned Inmaculada underground gold-silver project in southern Peru, where it anticipates annual gold and silver production totalling 194,000 oz. gold-equivalent…
Before Goldcorp (G-T, GG-N) began commercial production at its expanded Red Lake gold mine on Jan. 1, 2001, the company was a 100,000- oz.-a-year mid-tier gold producer struggling to become a senior gold miner. But by the end of the year, Red…
Lupaka Gold (LPK-T) now indirectly owns 100% of the Crucero gold project in Peru, after buying the remaining 40% stake of a subsidiary that held the deposit for US$9.2 million in cash and stock.
Resources at BHP Billiton’s (BHP-N, BLT-L) Spence copper mine in northern Chile has grown by nearly 700%, following a four-year US$30-million brownfield exploration program.
The Caspiche project in northern Chile’s Maricunga gold district has a pre-tax net present value at a 5% discount rate of US$2.8 billion and a pre-tax internal rate of return of 11.5%, according to Exeter Resource’s (XRC-T, XRA-X)…
Drilling on the southern three kilometres of the Berlin project’s 10.5 km mineralized trend in Colombia demonstrates the continuity of uranium, vanadium, phosphate, rare earths and other metals, says U3O8 Corp (UWE-V), which has just released…
Kinross Gold’s shares fell 20% a day after the company said it’s reviewing its three growth projects to improve “capital allocation, project sequencing and investment returns.”
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