Kinross reports strong Q3 results
Since the beginning of October shares of Kinross Gold (K-T, KGC-N) have fallen by about 15%, but strong third quarter results portend a turnaround is in store, some analysts say.
Russia and CIS
Petaquilla soars on Inmet’s takeover offer
Inmet Mining (IMN-T) is offering to buy Petaquilla Minerals (PTQ-T) for $112 million in cash and equity, which operates the Molejon gold mine adjacent to its Cobre Panama copper-gold project in Panama.
Turquoise Hill, Rio Tinto push ahead at Oyu Tolgoi
Turquoise Hill Resources (TRQ-T, TRQ-N), formerly known as Ivanhoe Mines, says the first construction phase at its sizeable 66%-held Oyu Tolgoi copper-gold project in Mongolia’s South Gobi desert is wrapping up with initial production…
Alamos makes headway in Turkey
Alamos Gold (AGI-T) outlines a positive mining scenario at its Turkish gold assets, Agi Dagi and Kirazli, and reveals an inferred resource for its Camyurt project, also in Turkey.
Centerra drops as Kyrgyz gov’t reviews Kumtor
Centerra Gold (CG-T) plunged more than 30% as the Kyrgyz parliament debated the fate of the company’s Kumtor gold project in Kyrgyzstan on Friday, while investors worried about the possibility of Centerra losing its mining licence.
A weak quarter, but strong year for Silvercorp
Silvercorp Metals (SVM-T, SVM-N) reported a weak fourth-quarter profit, mainly due to resources spent fighting fraud allegations launched by a group of short sellers, but overall reported a strong fiscal 2012 and expects higher production from…
Alamos has a good Q1 in Mexico
Alamos Gold (AGI-T) is off to a good start for the year, with record earnings and cash flows for the three months ended March, 31, 2012.
Alacer ups 2012 production target, despite poor Q1 results
Alacer Gold (ASR-T, AQG-X) has bulked up its 2012 production guidance by 3% to 396,000 to 410,000 attributable ounces gold, following higher grades at its Copler gold mine in Turkey despite reporting a weak first quarter.
Centerra revises Kumtor’s gold production
Centerra Gold (CG-T) recently saw its shares plunge 15% after cutting its production forecast for the Kumtor gold mine due to ice movement in the southeast section of the pit that will impede access to the high-grade SB zone.
Karchiga feasibility lifts Orsu Metals
A definitive feasibility study on the Karchiga volcanogenic massive sulphide deposit in northeastern Kazakhstan demonstrates that the project can be developed as a high-grade, medium-cost open-pit copper mine with a rapid payback period,…
Prophecy advances its Chandgana power plant
Prophecy Coal (pcy-t) could start constructing its 600 megawatt (MW) Chandgana power plant in Mongolia by early 2013, positioning itself for a 2016 start.
Fronteer spin-off Pilot Gold busy with the drill
Just six months into its new corporate life, Vancouver-based gold explorer Pilot Gold (PLG-T) has already drilled 60,000 metres at nine projects on two continents.