Colossus falls on delay at Serra Pelada
Colossus Minerals’ (TSX: CSI; US-OTC: COLUF) shares fell hard after the company announced that it needs more dewatering capacity at its Serra Pelada polymetallic development project in Brazil.
South America
Candente eyes Cobriza to boost opportunities
The whole appears greater than the sum of its parts for Candente Copper (TSX: DNT), which is acquiring Cobriza Metals (TSXV: CZA; US-OTC: CBZMF) — a company it spun out in late 2011 — to survive and hopefully thrive in a harsh…
Amerigo extends tailings deal until 2037
The El Teniente mine in the Chilean Andes has been producing copper since 1904, and Codelco believes the underground copper mine — the world’s largest, with more than 2,400 km of subterranean tunnels — has many more decades to…
Long hit stokes optimism at Cotabambas
VANCOUVER — A long copper-gold intercept suggests that the Ccalla deposit has more mineralization to offer Panoro Minerals (TSXV: PML; US-OTC: POROF), as the company gets set to update the resource estimate at its Cotabambas project in…
Agnico pursues growth amid capital cuts
Despite the weaker gold price, slumping profits and spending cuts, Agnico Eagle Mines (TSX: AEM; NYSE: AEM) says it’s on track to grow its gold production to 1.2 million oz. by 2015.
Goldcorp posts US$1.9B net loss in Q2
Goldcorp (TSX: G; NYSE: GG), the largest gold miner by market value, showed it’s not immune to the falling gold price.
MBAC Fertilizer’s production milestone
MBAC Fertilizer (TSX: MBC; US-OTC: MBCFF) has started producing single super phosphate (SSP) powder at its Itafos Arraias project in central-northern Brazil — an area the government is calling the country’s new agricultural frontier.
Eldorado hits the brakes on expansion, shares rises 23%
VANCOUVER — Eldorado Gold (TSX: ELD; NYSE: EGO; US-OTC: ELDXF) has joined a growing list of miners opting to cut back on exploration and development expenditures in the face of struggling commodities markets. The company announced on…
Bellhaven drills into third porphyry at La Mina
VANCOUVER — Patience is paying off for Bellhaven Copper & Gold (TSXV: BHV).
Guatemala to ban new mining, exploration licences
Guatemala’s president Otto Perez Molina plans to place a two-year moratorium on issuing new mining and exploration licences, giving the nation time to reform its mining law, says Tahoe Resources (TSX: THO; NYSE: TAHO).
Continental pushes ahead at Buritica despite share price slide
VANCOUVER — The nine drills turning at Continental Gold’s (TSX: CNL) Buritica project in Colombia are returning high-grade gold-silver intercepts from within and outside the defined resource, positioning the project for a resource…
Anfield receives first exploitation licence for Mayaniquel
Shares of Anfield Nickel (TSX: ANF) jumped 12% to $2.91 after Guatemala’s Ministry of Energy and Mines approved the first of three exploitation licences the junior has submitted for its Mayaniquel nickel laterite project.