Edgewater outlines Ghana resource as it focuses on Spain
VANCOUVER — Edgewater Exploration (EDW-V) has released a maiden resource on its Enchi gold project in Ghana as it continues to push forward with its flagship Corcoesto gold project in Spain.
Gold
Thompson Creek provides the lowdown on Mt. Milligan
VANCOUVER — As the old adage goes, it tends to always be darkest before the dawn, and that seems an apt description for Colorado-based molybdenum (moly) player Thompson Creek Metals (TCM-T, TC-N). The company is bulling through a stage of…
[Update] Alexis is set for change
Alexis Minerals (AMC-T) looks to redeem itself by restarting the Snow Lake gold project in Manitoba with the help of a much needed financing.
Centamin’s open-pit upgrades a ray of sunshine at Sukari
VANCOUVER — Shareholders of Egyptian gold-operator Centamin (CEE-T, CEY-L) received a welcome bit of good news when the company released an upgraded open-pit plan for its flagship Sukari gold mine 700-km from Cairo near the Red Sea.
Selwyn reduces scope of project in face of high capital costs
VANCOUVER — High capital costs have forced Selwyn Resources (SWN-V) to drastically cut planned mine throughput for its Yukon lead-zinc underground mine as its tries to make the project affordable.
Kinross unloads stake in Crixas for US$220 million
VANCOUVER — Canada’s third-largest gold producer Kinross Gold (K-T, KGC-N) has divested its 50% stake in the Crixas gold operation in central Brazil to South African partner AngloGold Ashanti (AU-N, AGG-A) in a cash deal worth…
[Update] Authorities tame Kirkland Lake, Timmins forest fires
VANCOUVER — Raging forest fires attributed to irresponsible campers near the towns of Kirkland Lake and Timmins in northeastern Ontario forced residents from their homes, and impacted four regional gold operations, as fire crews and the…
Brigus turns a corner
Brigus Gold (BRD-T, BRD-X) says it is “going to keep improving” to reach a steady annual production rate of 100,000 oz. gold by year-end at its Black Fox gold mine in Timmins, Ont.
Gold Standard strikes again at Railroad
It looks like Gold Standard Ventures (GV-V) has done it again. The company’s shares jumped 51%, or 91¢ on April 26, following the new results from the North Bullion zone at its Railroad gold property outside of Elko, Nev. Gold…
Mulatos delivers for Alamos
Alamos Gold (AGI-T) is off to a good start for the year, with record earnings and cash flows for the three months ended March 31, 2012. Earnings grew by 65% to US$29.5 million, or US25¢ per share compared to the year-ago period, partially…
[Update] Forest fires threaten Kirkland Lake, Timmins
VANCOUVER — Raging forest fires that ignited near the towns of Kirkland Lake and Timmins in north-eastern Ontario have forced residents from their homes, and impacted four regional gold operations, as fire crews and the Ministry of…
McEwen comments on uncertainty in Argentina
When mining entrepreneur Rob McEwen put US Gold and Minera Andes together to create McEwen Mining (MUX-T, MUX-N) he was working on the model that you could take one company that had cash flow and another company that had development…