The August 15-19 period brought more hard times for Canadian investors as the TSX Composite Index resumed its downward plunge, falling 619 points to finish just a shade above the 12,000 mark at 12,007.47 points. The lone feel-good story was…
Higher costs are pushing capital expenditure estimates higher for Barrick Gold’s (ABX-T, ABX-N) major growth projects at Pueblo Viejo, Pascua-Lama and Cerro Casale, the company reports.
After a decade-long bull market “the gold mining industry has done little to bring on new supply,” Standard Chartered concludes in a new report, arguing that the gold market will be in deficit until at least 2015.
Irwin Olian is looking to strike it big in Africa yet again.
Golden Star Resources (GSC-T, GSS-X) recently reported an initial resource estimate for its new Buesichem South deposit in Ghana, days after posting lower preliminary operating results for the second quarter.
Brazilian Gold (BGC-V) has taken a step forward with the release of a positive preliminary economic assessment (PEA) for its Sao Jorge gold project in the Tapajos region of northern Brazil.
Armenia-focused Lydian International (LYD-T) has outlined the potential to produce 1.6 million oz. gold from its Amulsar project in a preliminary economic assessment.
Richmont Mines (RIC-T, RIC-X) had a difficult second quarter, posting a net loss of $30.9 million, or 92¢ per share, which included the previously released $28-million after-tax writedown on its Francoeur mine in Quebec.“The…
Beset by a string of early production issues, Goldcorp (G-T, GG-N) is hurriedly working to ramp up to full production at its newest flagship mining asset, the Penasquito silver-gold-lead-zinc mine in Mexico’s Zacatecas State.
Vancouver – Recently-launched Midas Gold (MAX-T) is working through a 20,000-metre drill program at its consolidated gold property in Idaho’s Stibnite-Yellow Pine district as it looks to prove up the project’s potential.
Great Panther Silver (GPR-T, GPL-X) has started shipping silver-gold pyrite concentrates from its Guanajuato mine to a new buyer in Mexico. Shipments had been delayed because an overseas smelter with which Great Panther had a one-year contract…
Ottawa-based Majescor Resources (MJX-V) has released high-grade gold assays, including 10.5 metres of 77 grams gold per tonne, from drilling completed in December 2009 at its Somine gold-copper project in northeast Haiti.
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