Encouraging signs for Rio Novo
Exploration at Rio Novo Gold’s (RN-T) Vira-Saia target on its Almas gold project in Brazil is yielding shallow, low-grade mineralization likely amenable to bulk mining methods, analysts say.
South America
Timmins Gold sells more ounces
Timmins Gold (TMM-T) says it’s on track to produce more than 100,000 oz. gold from its flagship San Francisco mine in Mexico for fiscal 2011.
Higher earnings despite lower production for Quadra FNX
It was a busy quarter for Quadra FNX Mining (QUX-T), but one that paid large profits to the recently merged company despite lower production totals. Quadra, which teamed with FNX in May of last year, reported a 75% increase in earnings, as…
Gran Colombia to raise US$75M through silver-linked notes
Gran Colombia Gold (GCM-T) is looking to issue US$75 million of what executive co-chairman Serafino Iacono calls “a creative and innovative financial instrument.”
Extorre updates Cerro Moro study
Vancouver – Extorre Gold Mines (XG-T) has released an updated economic assessment for its fast-evolving Cerro Moro gold-silver project in Argentina that factors in higher throughputs, metal prices and capital costs.
Verde Potash heats up on Brazilian Thermopotash
There is a whole lot of verdete slate at Verde Potash’s (NPK-V) unconventional potash play in Brazil. Standing atop a hill of the chalky green rocks, you can see the same rocks poking conspicuously from the many grass-covered hillsides in the…
Anfield gets hard numbers for Mayaniquel project
Two years after making a bet on Guatemalan nickel laterite, Anfield Nickel (ANF-V) has some hard numbers regarding the wisdom of the venture with its first preliminary economic assessment on the Mayaniquel project.
Batero falls on the drill
Batero Gold’s (BAT-V) impressive market run over the last 12 months has hit a bit of a snag. The company’s shares have fallen 28% since releasing its latest drill results on July 27. In Toronto on July 28 its shares closed at $2.68 on 1.04…
[Update] Brigus to drive production growth
Brigus Gold (BRD-T) says gold production will increase as it ramps up the Black Fox mine and exploration efforts in Timmins, Ont.
Galway hits “best gold intersect yet” at California
Vancouver – Galway Resources (GWY-V) has hit what it describes as the best gold intersect to date at its California project in Colombia.
Positive economics for Brazilian Gold’s Sao Jorge
Stillwater to buy Peregrine Metals
Peregrine Metals (PGM-T) saw its shares surge more than 250%, after U.S. platinum miner Stillwater Mining (SWC-N) agreed to pay US$487.1 million for the junior and its large undeveloped copper-gold project in Argentina.