Gold Hawk restructures debt
Shares of Gold Hawk Resources (CGK-V) bounced 75% today on news the junior had restructured its debt in the nick of…
South America
Century Mining to sell $66 million gold-based financing
Century Mining (CMM-V) has joined a growing group of mining companies that are trying to weather the financial stor…
Rusoro Bid: An Offer Gold Reserve Shareholders Can Refuse
Less than 3% of Gold Reserve’s (GRZ-T, GRZ-X) shares have been tendered so far in Rusoro Mining’s (RML-V, RMLFF-O) hostile takeover bid, prompting Rusoro to extend the deadline another month to Feb. 1…
StrataGold Ups Dublin Gulch Resource
VANCOUVER–A new resource estimate for StrataGold’s (SGV-T, SAGDF-O) Dublin Gulch project in the Yukon has added 700,000 oz. gold to the indicated count.
Chilean Miner Buys Majority Stake In Explorator Chile
VANCOUVER — Explorator Resources (EXO-V, EXRAF-O) is selling a 51% stake in its Chilean subsidiary, Explorator Chile, to intermediate copper miner Sociedad Punta del Cobre (Pucobre) for a US$17-milli…
Andean Resources drills 32 metres grading 35 grams gold
Vancouver – Deep step-out drilling on the Eureka West vein has expanded the size of zones showing bonanza-grade gol…
Update: Chilean copper producer buys controlling stake in Explorator Chile
Vancouver – Explorator Resources (EXO-V) is selling a 51% stake in its Chilean subsidiary, Explorator Chile, to int…
Fortuna silver production on the rise
After increasing silver production by 85% in 2008 Fortuna Silver Mines (FVI-V) is planning to keep the trend going …
Serra Pelada Returns Colossal Results
Drilling at the site of Brazil’s epic 1980s gold rush at Serra Pelada is yielding spectacular results for joint-venture partners Colossus Minerals (CSI-T, COLUF-O) and Coomigasp, a 45,000-strong co-op…
B2Gold Advances Gramalote
With the latest results from more than 30,000 metres worth of diamond drilling at its Gramalote gold property in Colombia in hand, B2Gold (BTO-T, BGLPF-O) is expecting to release a resource estimate s…
Pan American Ups Production, Reins In Spending
VANCOUVER –Despite cutting its workforce by about 500 employees, reining in spending on exploration and mine development and announcing the imminent closure of its Quiruvilca mine in Peru, Pan Americ…
New CEO Not Looking To Transform Barrick
Despite his relative youth, Barrick Gold’s (ABX-T, ABX-N)new president and CEO, Aaron Regent, has taken some of Canada’s largest companies through difficult times.