Kinross tumbles as it scrambles to cut costs
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.”
South America
Panoro explores for riches in Peru’s heartland
It all started with a phone call. On the line was Standard Bank, looking to auction off some Peruvian properties after a joint venture between two majors had gone sour. On the other end of the line was Panoro Minerals (PML-V), which had worked…
Haywood honcho Tognetti spends $2.4M on more Mirasol shares
Argentina-focused silver explorer Mirasol Resources (MRZ-V) has received a welcome show of support from its largest shareholder, John Tognetti, who bought $2.4-million worth of shares and warrants as part of a $13.2-million private placement in…
Low cost recoveries lift U3O8 Corp.
Initial metallurgical testing at U3O8 Corp.’s (UWE-V) Berlin project in Colombia are in and the prospect of lower extraction costs had the company’s shares riding high.
Guyana Goldfields updates Aurora parameters
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…
St. Elias falls on the drill
Disappointing drill results from the Tesoro gold project in Peru sent St. Elias Mines (SLI-V) shares tumbling on Wednesday.
Int’l Minerals to have 4 gold-silver projects at feasibility stage in 2012
International Minerals (IMZ-T) has completed 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….
Inmet’s Cobre Panama clears environmental hurdle
Inmet Mining (IMN-T) shares surged $3.12 apiece, or 4.76%, to close at $68.62 in the new year after the company announced that the Panamanian government has approved an environmental and social impact assessment for its Cobre Panama…
Anglo American meets organic growth milestones
Over the last year Anglo American (AAL-L) has commissioned three of its four major growth projects in three different metals: iron ore, nickel and copper.
South American Silver sizes up Escalones
South American Silver (SAC-T) has released a first resource estimate on its wholly owned Escalones copper-gold-silver project in Central Chile.
Trevali opens the Halfmile mine
Trevali Mining (tv-t) has kicked off the New Year by transitioning from a development-stage company to a producer by starting up the Halfmile polymetallic massive sulphide project near Bathurst, N.B.
Patagonia Gold debuts on TSX
With the backing of one of Argentina’s biggest industrialists and plans to generate free cash flow in the South American country by 2013, Patagonia Gold (PAT-T, PGD-L) and its recent listing on the Toronto Stock Exchange could generate interest…