BHP boosts copper resources at Spence
Resources at BHP Billiton’s (BHP-N) Spence copper mine in northern Chile has grown by nearly 700%, following a four-year, US$30-million brownfield exploration program.
South America
Lupaka ups its ownership in Crucero
Lupaka Gold (LPK-T) now indirectly owns 100% of the Crucero gold project in southeastern Peru, after buying the remaining 40% stake of a subsidiary that held the deposit for US$9.2 million in cash and stock.
Pan American looks to Minefinders
Driving down cash costs, generating immediate cash flows and building itself into the world’s largest primary silver producer sound like good enough reasons for Pan American Silver (PAA-T, PAAS-Q) to table a friendly takeover bid for fellow…
Kinross tumbles on project delays
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.
Merger of US Gold, Minera Andes goes ahead
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…
Exeter completes prefeasibility on Caspiche
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 grows Miraflores and market cap
Seafield Resources (SFF-V) released some long intercepts from its Miraflores deposit in Colombia and the market took notice.
Guyana Goldfields sizes up Aurora gold project
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…
Inmaculada project looking good for Hochschild and Int’l Minerals
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…
Goldcorp falls short of production targets, again
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 gains 100% ownership of Crucero
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.
BHP boosts copper resources at Spence by 700%
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.