2012

Eldorado proves its mettle in China’s goldfields

With three gold operations in China, Vancouver-based producer Eldorado Gold (ELD-T, EGO-N) has established a strong track record in a mining jurisdiction that offers a variety of challenges for international developers. Eldorado expects its…


New Carolin Gold CEO Bruce Downing looks over a tailings pond at the Carolin gold project in BC. Photo by Ian Bickis

New Carolin looks to reopen old Carolin mine

The Vancouver area is well known as a hub for mining expertise and head offices, but much less so as a suitable location for an active field office. But for New Carolin Gold (LAD-V) — with its eponymous Carolin mine project sitting 160 km…


Aerial view of Prophecy Coal's Chandgana coal project in Mongolia. Photo by Prophecy Coal

Prophecy Coal looks to satisfy Mongolia’s power needs

With the Mongolian economy growing at one of the fastest rates in the world, and China eyeing its neighbour as a potential long-term power source, Vancouver-based Prophecy Coal (PCY-T) is optimistic about its prospects for a power-purchase…


US markets

Hopes of further liquidity injections from the U.S. Federal Reserve following a speech on Aug. 31 by Chairman Ben Bernanke sent gold prices higher and helped stem losses on U.S. equity markets. Bernanke’s remarks that the central bank is…


Newcrest reopens Lihir, outlines Golpu potential

Newcrest Mining (NM-T) has reopened its Lihir gold mine in Papua New Guinea (PNG) after briefly suspending operations, just as it outlines the potential of Golpu, another major PNG project.On Aug. 28 the gold miner — Australia’s…


Banro's Twangiza gold project in the Democratic Republic of the Congo. Photo by Banro

Twangiza starts commercial production

Three years ago the area around Banro’s (BAA-T, BAA-N) Twangiza gold deposit in the Democratic Republic of the Congo had no passable roads, power, workable infrastructure or skilled mining labour. Today, the Twangiza oxide mine near the…



Reservoir, Freeport hit high-grade copper at Timok

Vancouver-based explorer Reservoir Minerals (RMC-V) is seeing its 2012 exploration program at its Timok copper-gold property in Eastern Serbia pay off in a big way, and major producer Freeport-McMoRan Copper & Gold (FCX-N) has taken notice….


Keegan trims projected capital costs at Esaase

Dundee Capital Markets has hiked its 12-month target price on Keegan Resources (KGN-T, KGN-X) by $1.50 to $5.50 per share after the West Africa-focused junior outlined ways of cutting capital costs by as much as US$246 million at its flagship…


At Mt. Milligan site. Photo by Thompson Creek Metals

Better days ahead for Thompson Creek?

Thompson Creek Metals (TCM-T, TC-N), like many mining companies, has had a tough ride over the last year. Slowing metal demand from China and falling prices have teamed up to tackle the company’s share price. In January 2011 the…



Short position reports

TSX Short Positions                                   Short positions outstanding at Aug 15/12 (with changes from July…


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