Volume 101 Number 26 Aug 10 - 16, 2015

Drillers at Dalradian Resources' Curraghinalt gold project in Northern Ireland.  Source: Dalradian Resources

Dalradian advances Curraghinalt amid low gold prices

Dalradian Resources (TSX: DNA) has published the results of  first 25 drill holes from its 2015 exploration program on its Curraghinalt gold project in Northern Ireland, confirming the project’s quartz veins carry high-grade gold…

Cut and polished rubies from Gemfields' 75%-owned Montepuez ruby project in Mozambique. Source: Gemfields

Gemfields unveils maiden ruby resource

It’s not every day a company in the mining sector say its project can deliver an internal rate of return (IRR) of more than 300%. But that’s what Gemfields (LSE: GEM) expects of its majority-owned Montepuez ruby deposit in…

First Quantum Minerals' Kansanshi copper mine in Zambia. Source: First Quantum Minerals

First Quantum’s Kansanshi gets mixed reviews

VANCOUVER — An updated technical report filed by First Quantum Minerals (TSX: FM; US-OTC: FQVLF) on its 80% owned Kansanshi copper operations, 10 km north of Solwezi, Zambia, sent analysts scrambling to lower target share prices for the…

Royal Road Minerals' Gomec gold property in western Turkey's Balikesir province. Source: Royal Road Minerals

Royal Road driven by results at Gomec in Turkey

VANCOUVER — It’s been almost a decade since Tim Coughlin, a co-founder of Lydian International, was part of the team that stumbled across the multi-million-ounce Amulsar gold deposit in southern Armenia. Now, as president and CEO of…

A shovel loads a haul truck in the pit at Centerra Gold's Kumtor gold mine in the Kyrgyz Republic.   Source: Centerra Gold

Centerra swings back into profit

Centerra Gold (TSX: CG; US-OTC: CAGDF) posted a profit in the second quarter, amid a sea of red for gold miners hurt by lower commodity prices.

Equipment during the first day of stripping for the second phase of work at Premier Gold and Goldcorp's South Arturo gold project in Nevada. Source: Premier Gold Mines

Premier provides initial guidance for South Arturo

Premier Gold Mines (TSX: PG; US-OTC: PIRGF) is nearing producer status at the South Arturo mine in Nevada that it jointly owns with Barrick Gold (TSX: ABX; NYSE: ABX), and Ewan Downie, the junior’s president and CEO, forecasts the mine…

The plant site under development at Romarco Minerals' Haile gold mine in South Carolina. Source: Romarco Minerals

OceanaGold bids $856M for Romarco Minerals

OceanaGold (TSX: OGC; ASX: OGC) is offering to buy Romarco Minerals (TSX: R) in a friendly all-share, $856-million deal to secure low-cost growth in the form of the junior’s Haile gold mine, which is under construction in South Carolina.

TSX moves up, July 27-31

Despite poor economic data and lower oil prices, the S&P/TSX Composite Index rose nearly 2% to finish July at 14,468.44. The S&P/TSX Global Mining Index climbed 1.1% to 53.17, while the S&P/TSX Capped Diversified Metals & Mining…

Workers conducting reverse-circulation drilling at Atlantic Gold's Touquoy gold project earlier this year. Source: Atlantic Gold

Prudence pays off for Atlantic Gold in Nova Scotia

VANCOUVER — Steven Dean, chairman and CEO of Atlantic Gold (TSXV: AGB) says it took the company three years of “wading through the rubble of the gold sector” before it stumbled upon the Moose River gold project, 85 km…

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