Volume 101 Number 41 Nov 23 - 29, 2015

Iamgold's Rosebel gold mine in Suriname. Credit: Iamgold

Iamgold lowers costs, but analysts remain cautious

Iamgold (TSX: IMG; NYSE: IAG) had a messy third quarter — widening its adjusted loss on the back of lower gold sales — but it has cut its operating costs, leaving analysts questioning if the company’s focus on cash…

A drill rig in 2010 at Northern Gold's Golden Bear gold project in northeastern Ontario. Credit: Northern Gold

Oban Mining to pick up Northern Gold

Northern Gold Mining (TSXV: NGM) is the fourth junior this year to sign a business combination agreement with Oban Mining (TSX: OBM), joining Eagle Hill, Ryan Gold and Corona Gold, which consolidated their properties in Ontario and Quebec under…

The surface at the skarn porphyry discovery area at Dynacor Gold Mines' Tumipampa gold-copper project in Peru, 500 km southeast of Lima. Credit: Dynacor Gold Mines

Dynacor finds porphyry at Tumipampa in Peru

Dynacor Gold Mines (TSX: DNG; US-OTC: DNGDF) has discovered a 1.7 km long copper porphyry at its Tumipampa project in the Peruvian Andes that it says could be one of the feeder systems for the gold and copper it has found on the property, 500…

The Ana Paula gold property in Guerrero, Mexico. Credit: Timmins Gold

Timmins Gold to close San Francisco mine next year

Timmins Gold (TSX: TMM; NYSE-MKT: TGD) is now planning to suspend mining in mid-2016 at its only operating asset — the San Francisco heap-leach gold mine in Mexico’s Sonora state — moving up the date from 2022 in response to…

US stocks drop, Nov. 6-12

Lower prices for gold, copper and oil (benchmark Brent crude dipped below US$45 per barrel for the first time since August), weighed on U.S. resource equities, while better labour market data pointed to the economy’s improving…

TSX Venture hits four-week low, Nov. 6-12

The S&P/TSX Venture Composite Index lost 1.9%, or 10.35 points, as commodity futures struggled and overseas economic growth remained stagnant. The Chinese government reported underwhelming data that indicates deflationary pressure in the…

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