Mirabela raising US$375M
Australia-based Mirabela Nickel (MNB-T, MBN-A) plans to raise US$375 million in senior notes to pay debt, end its hedges and continue ramping up its sizable Santa Rita nickel mine in eastern Brazil.
South America
Oremex built to ride the silver wave
Having one of the most heralded silver bulls in your corner doesn’t hurt when you’re looking to become the next significant silver miner in Mexico.
Endeavour Silver awash in record profits
Endeavour Silver (EDR-T, EXK-N) ended 2010 with more than US$100 million in working capital, no debt, falling cash costs, and rising silver production.
Dorato looks to prove up Peru’s side of the border
Dorato Resources (DRI-V) has been getting some promising sniffs near the border between Ecuador and Peru. The company released its latest sampling results from Minera Afrodita, hot on the heels of drill results from a separate target on the…
Century suffers another setback as Peru mill suspended over tailings
Vancouver – Peru’s Ministry of Mines has told Century Mining (CMM-V) to suspend milling and processing operations at its San Juan gold mine while the ministry completes an evaluation of the mine’s tailings dams. The company provided no timeline…
Goldcorp doubles gold reserves at Cerro Negro (April 07, 2011)
With the price of gold in New York’s spot market reaching yet another all-time high close at US$1,456.80 an ounce on April 5, the world’s second largest gold producer by market value, Vancouver-based Goldcorp (G-T, GG-N), has announced a major…
Lago likes Juruena enough to add more drills
Lago Dourado Minerals (LDM-V) is showing its confidence in Brazil’s gold mining potential by expanding its drill program before initial results have even been released. The company says its phase one drill campaign will be boosted to 18,000…
Sandspring’s high hopes for Toroparu in Guyana
Sandspring Resources (SSP-V) envisions annual production from its Toroparu project in Guyana of 310,000 oz. gold and 29 million lbs. copper in the first four years of operations, provided it can first raise the US$617 million needed for mine…
Argentex posts Pinguino PEA
Until late 2009, Argentex Mining (ATX-V, AGXM-O) focused on drilling the polymetallic sulphide mineralization at its Pinguino project in Argentina. But then the company decided to shift gears and focus instead on the property’s near-surface…
Buddy Doyle takes on Brazil with Amarillo Gold
Seven years in the malaria-infested rainforests of Papua New Guinea and six years in the frigid Tundra led Buddy Doyle and his exploration teams at Rio Tinto (RTP-N, RIO-L) to the two biggest discoveries of his career: the 30 million ounce…
Reunion gets the cash to press ahead at Matthews Ridge
Some big resource investment houses have signaled their faith in Reunion Gold’s (RGD-V) Matthews Ridge manganese project in Guyana, and market participants took their cue. A syndicate of underwriters led by BMO Capital Markets and Dundee…
Mirabela continues Santa Rita ramp-up with US$375m raise
Vancouver – Australia-based Mirabela Nickel (MNB-T, MBN-A) is planning to raise US$375 million in senior notes to pay debt, end hedges and continue with ramp up of its sizable Santa Rita nickel mine in eastern Brazil.