Alacer says ‘hooroo’ to Australia
It is no secret that lower gold prices are making management teams leaner. But a lesser-discussed result of all the cost-cutting is that geographical diversification can also be lost.
Australia, NZ & South Pacific
Eurasian explores new gold region at Koonenberry
WHISTLER, B.C. — When it comes to project generators, there aren’t many companies with a global reach quite like Vancouver-based Eurasian Minerals (TSXV: EMX; NYSE-MKT: EMXX). The company is active across Europe, the Middle East and…
B2Gold brings its operational prowess to Masbate
VANCOUVER — The Philippines may not top any list of mining-friendly jurisdictions, but that hasn’t deterred geographically diversified Canadian miner B2Gold (TSX: BTO; NYSE-MKT: BTG) at its recently acquired Masbate gold mine,…
Monument forges ahead in Malaysia
VANCOUVER — It has been three years since Vancouver-based junior Monument Mining (TSXV: MMY) started production at its Selinsing gold mine at Bukit Selinsing Koyan, 65 km north of Raub, Malaysia. And the company is showing no signs of…
JV’s phantom board haunts St. Augustine in the Philippines
Sometimes working with minority shareholders in joint-venture partnerships in Southeast Asia can present unusual challenges — a lesson St. Augustine Gold & Copper (TSX: SAU; US-OTC: RTLGF) is learning all too well at…
Mandalay grows Costerfield
Investors looking for lower cost, high grade producers were given another reason to turn to Mandalay Resources (TSX: MND) as the company’s Costerfield mine in Australia continues to grow.
Chinese coal producer makes move on Australia’s Inova Resources
Shanxi Donghui — a privately held coal and chemical producer founded by two wealthy Chinese brothers based in China’s Shanxi province — has launched a US$145-million, all-cash takeover bid for Inova Resources (TSX: IVA; ASX:…
Editorial: It’s ‘Tony Time’ Down Under
The election win of the business-friendly, Liberal Party-led coalition in Australia has given a lift to miners in the country, as incoming Prime Minister Tony Abbott — the country’s third prime minister in three months — has…
Gold Fields loses US$129M in Q2 as production costs surpass gold price
VANCOUVER — Gold Fields (NYSE: GFI; JSE: GFI) is preparing for a future of US$1,300 per oz. gold by restructuring all of its operations — and potentially closing some — to bring its production costs back below the gold price,…
B2Gold well positioned for an acquisition, says BMO
VANCOUVER — Producer B2Gold (TSX: BTO) has been one of the better performing gold equities over the past couple of months, as shares have jumped 52%, or $1.05 per share on the back of consistent production and a strong balance sheet.
Rio sells Northparkes copper mine for US$820M
VANCOUVER — Rio Tinto (NYSE: RIO; LSE: RIO) has taken another step in its effort to sell non-core assets and reduce its debt with a deal to sell its 80% stake in the Northparkes copper mine in Australia to China Molybdenum (US-OTC: CMCLF)…
Barrick takes US$8.7B impairment charge
Barrick Gold (TSX: ABX; NYSE: ABX) is writing down the value of its assets by US$8.7 billion and slashing its quarterly dividend in response to the recent decline in metal prices.