Batero tumbles 49% on resource estimate
Shares of Batero Gold (BAT-V) took a deadly plunge after the company disappointed the market with an initial resource estimate at its Batero-Quinchia gold project in Risaralda Department, Colombia.
South America
Guyana Goldfields outlines 22-year operation at Aurora
Guyana Goldfields’ (GUY-T) Aurora project, in Guyana, could produce nearly 200,000 oz. gold per year over 22 years for a total of 4.4 million oz., according to a new feasibility study.
Yamana grows yearly profits by 17%
Yamana Gold (YRI-T, AUY-N) has reported a US$89.5-million profit for the fourth quarter of 2011. It’s a 28% decrease from the same period a year ago, following a one-time, US$81-million impairment loss on investments.
Talon sizes up iron ore at Trairao in Brazil
Talon Metals (TLO-T) has released a slew of drill results from its extensive 2011 exploration program, showing iron content in weathered and fresh rock at its Trairao project in Brazil.
Coro options more copper ground in Chile
Coro Mining (COP-T) has signed an option agreement with a local Chilean company to acquire El Desesperado — a 7-sq.-km property hosting porphyry copper-style mineralization 16 km southwest of Codelco’s Chuquicamata copper mine in…
Lachlan finds its gold star in Chile
In December 2010 Perth-based Lachlan Star (LSA-T, LSA-A) went from exploring in Australia and Africa, straight into producing gold in the Americas after buying the CMD gold mine in Andacollo, Chile.
Malaga expands tungsten resource
Three years ago when Pierre Monet went out on the road to talk to the investment community about tungsten, he would spend about 60% of his time explaining what the metal was all about. Today the president and chief executive of tungsten…
Lachlan finds its gold star in Chile
Vancouver — In December 2010 Perth-based Lachlan Star (LSA-T,LSA-A) went from exploring in Australia and Africa straight into producing gold in the Americas after buying the CMD gold mine in Andacollo, Chile.
Batero drops 50% on resource estimate
Shares of Batero Gold (BAT-V) took a deadly plunge after disappointing the market with its initial resource estimate at the Batero-Quinchia project in Risaralda, Colombia.
Copper market more balanced in 2013-2014
Copper could see above-trend production increases in 2012, Bank of America Merrill Lynch asserts in a Jan. 24 report on base metals. The bank’s global commodity research team forecasts a more balanced market by 2013, “which could…
BHP and Rio double down on copper
BHP Billiton (BHP-N) and Rio Tinto (RIO-N) are feeling optimistic about copper. Six weeks into the first quarter of 2012, the two mining giants have unveiled plans to commit over US$4 billion to expand copper production at operations in Chile…
Sea change at Seafield
Sometimes a little change can do a company a lot of good. In the case of Seafield Resources (SFF-V), change has come in the form of a new management team and the good it hopes to do is revive investor interest in what was briefly one of the…