Lonmin’s wage deal fuels more unrest in South Africa
While Lonmin (LMI-L) has ended a bloody labour dispute at its Marikana platinum mine near Rustenburg in South Africa that left 46 dead, other miners in the country are demanding higher wages.
Gold
Brigus piles on the ounces in latest resource update
Brigus Gold (BRD-T) has updated its resource estimate for the Grey Fox gold property and the results show the company is particularly adept at pushing inferred resources up into a ballooning indicated category. Grey Fox is 4…
Ivanhoe Australia beefs up Osborne
In late February Ivanhoe Australia (IVA-T, IVA-A) started production ahead of schedule and on budget at its Osborne copper-gold project in northwestern Queensland. The initial shipment of copper-gold concentrate to Asian smelters left port in…
B2Gold aims for diversity, growth with CGA bid
VANCOUVER — Vancouver-based gold miner B2Gold (BTO-T) looks to be banking on its proven ability to operate successfully in difficult locales, as it moves forward with an US$1.1-billion, all-stock friendly bid for Australia’s CGA…
NuLegacy gets in line on Nevada’s Cortez trend
A little over two decades ago Roger Steininger made a major gold discovery in Nevada by bucking conventional wisdom. Today he’s trying to do it again.Steininger has found himself chief operations officer and a director at Nevada-focused…
Paramount grows resource at San Miguel
Paramount Gold and Silver (PZG-T, PZG-X) has bulked-up its Mexican resources in a serious way. The company released an updated resource estimate for its wholly owned San Miguel project in the country, boosting indicated gold resources by 547%,…
Rainy River adds more shine to PEA
Rainy River Resources’ (RR-T) updated preliminary economic assessment (PEA) proposes a smaller, higher-grade and lower-cost gold mine at its namesake project in northwestern Ontario. Given the current negative market conditions, the…
Midas’ golden dreams for Golden Meadows
Midas Gold (MAX-T) has outlined a positive preliminary economic assessment (PEA) for its Golden Meadows gold project in Idaho, 153 km northeast of Boise.“It’s a very mining-friendly jurisdiction,” Stephen Quin,…
Torex plans 2015 start-up for Morelos
Torex Gold Resources (TXG-T) shares saw heavy trading after the company released a bankable feasibility study for its Morelos project in Mexico’s prolific Guerrero gold belt, as well as more drill results from the project’s…
Inmet bids for Petaquilla
In what looks like a move to tidy up the neighbourhood, Inmet Mining (IMN-T) is offering to buy Petaquilla Minerals (PTQ-T) for $112 million in cash or equity. Petaquilla operates the Molejon gold mine in Panama, adjacent to Inmet’s Cobre…
Vista keeps growing Mt. Todd
Vista Gold (VGZ-T, VGZ-X) has bulked up its resource estimate for its Batman deposit at the company’s Mt. Todd gold project in Australia’s Northern Territory.
Exco Resources fights takeover bid
Just two weeks after the board of Australian junior Exco Resources (ESX-A) rejected a hostile all-cash takeover offer from one of its institutional shareholders, the explorer released an updated resource estimate for its Turpentine copper-gold…