Barrick stung by higher costs
Higher costs are pushing capex estimates higher at Pueblo Viejo, Pascua-Lama and Cerro Casale, Barrick Gold’s (ABX-T, ABX-N) major growth projects, the company reports.
2011
More cash for Iron Mountain lifts Palladon
More money has come in and Palladon Ventures’ (PLL-V) shares are rising as a result. The company’s partner at the Iron Mountain project near Cedar City, Utah has secured the second US$20 million tranche of a US$45 million loan which should…
Market shrugs for NovaGold’s Galore Creek PFS
Vancouver – NovaGold Resources (NG-T, NG-N) has released a new prefeasibility study for its 50%-owned Galore Creek copper-gold project in Northern British Columbia, nearly six years after completing it the first time round.
Golden Predator continues Brewery Creek expansion
Vancouver – Golden Predator (GPD-T) continues to increase the size potential at its flagship Brewery Creek project with encouraging gold hits on the new Sleeman discovery.
Gold Mountain rises on Elk, financing
A junior led by Copper Mountain Mining’s (CUM-T) CEO, Jim O’Rourke, saw its shares jump as high as 50%, two days after it completed a qualifying transaction and a concurrent financing.
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…
Agnico-Eagle invests $70 million in Rubicon
Agnico-Eagle Mines (AEM-T, AEM-N) is making a $70 million strategic investment in Rubicon Minerals (RMX-T, RBY-X) that will give it 9.2% of the company’s outstanding shares.
Augen Gold’s Mason won’t go down without a fight
Directors of Augen Gold (GLD-V) have unanimously recommended shareholders reject an all-share offer from neighbour Trelawney Mining and Exploration (TRR-V) valuing the company at $55 million.
Goldbrook keeps 25% of Nunavik
Vancouver – A potentially lucrative partnership that turned sour and then to the courts is a step closer to resolution after an arbitration panel ruled that Goldbrook Ventures (GBK-V) has the right to a 25% stake in Jilin Canada’s Nunavik…
[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.
Philippine panel rules in favor of Philippine Metals
Philippine Metals (PHI-V) looks to have put an exploration permitting nightmare behind it.
Manson Creek shares surge on new gossans in Yukon
Shares of Manson Creek Resources (MCK-V) surged 185.7% on news it had discovered three new natural spring gossans on its Tell property immediately south of Atac Resources’ (ATC-V) Rau claims in the Yukon.