Sandspring soldiers on at Toroparu
VANCOUVER — It has been a rough year for junior explorer Sandspring Resources (SSP-V) as its share prices have plummeted 67% or $1.60 over the past 52-weeks to a low of 57¢ in early May.
2012
Lion One sets in for defining year
While many a junior is finding current market conditions difficult to bear, Lion One Metals (LIO-V) is brimming with optimism and bracing itself for a defining year.
Candente Copper makes headway in Peru
On the last day of May, the Ministry of Energy and Mines of Peru granted Candente Copper (DNT-T, CCOXF-O) the permit it needs to complete drilling for the feasibility study on its Cañariaco Norte project, a porphyry copper deposit about…
Yamana Gold updates exploration in Chile
Of Yamana Gold’s (YRI-T, AUY-N, YAU-L) $125 million budgeted for exploration this year (a 10% increase over 2011), about $29.5 million or 23% is earmarked for northern Chile, where it owns 100% of the high-grade El Peñón…
Time is ripe for miners to push cash out to shareholders
Investors are hardly in the mood for risk.
Harry Winston Q1 misses consensus
Harry Winston Diamond’s (HW-T, HWD-N) earnings for the first quarter of fiscal 2013 tripled to US$11.6 million on higher rough diamond sales and stronger retail performance, but missed analysts’ expectations.
Lumina finds new zones at Taca Taca
The discovery of two new zones of copper mineralization at the Taca Taca project failed to lift the share price of Lumina Copper (LCC-V) largely due to widespread anti-Argentina sentiment in the wake of President Cristina Fernandez’s…
Atico looks to repeat Fortuna’s success
VANCOUVER — Recently-listed Atico Mining (ATY-V) has joined the many new companies exploring for gold in Colombia, but the company plans to set itself apart with its management team and strategy.
Barrick slides on management changes
Barrick Gold (ABX-T, ABX-N) took a mild beating after it named a new chief executive in a move to bolster its share price, leaving some analysts wondering if turbulent waters lie ahead.
Aurizon stresses patience with Joanna development
VANCOUVER — Cashed-up gold producer Aurizon Mines (AKZ-T, AZK-X) has taken a step-back from the development threshold on its Joanna gold property 20-km-east of Rouyn-Noranda, Quebec. The company made the decision following the release of…
Mongolia to increase lands reserved for state
Chief investment strategist Dale Choi of Frontier Securities in Ulaanbaatar reported today that Mongolia’s Ministry of Mineral Resources and Energy is proposing measures that would designate at least 30% of the country’s…
Kinross continues to grapple with Tasiast
Unpopular mergers were behind some tough news for two of Canada’s largest gold miners on Wednesday.