Gold

First Mining pursues Gold Canyon, PC Gold to grow its gold inventory

Source: Daily News | 2015-09-02
First Mining Finance (TSXV: FF; US-OTC: FFMGF) is buying Gold Canyon Resources (TSXV: GCU) and PC Gold (TSXV:PKL) in separate all-share deals totaling roughly $64 million to create a leading gold exploration company.

Goldcorp, Teck join forces to tackle El Morro in Chile  

Source: Print Archives | 2015-09-02
El Morro, the large undeveloped gold-copper deposit in northern Chile, will become the focus of a joint venture (JV) between Goldcorp (TSX: G; NYSE: GG) and Teck Resources (TSX: TCK.B; NYSE: TCK), giving it a better chance of reaching its...

Freeport-McMoRan on a broad cost-cutting spree 

Source: Print Archives | 2015-09-02
VANCOUVER — Freeport-McMoRan (NYSE: FCX) has been carrying out business-wide spending cuts that it calls an “aggressive response” to weak market conditions.

Minera IRL's shareholders remove chairman Hodges 

Source: Print Archives | 2015-09-02
In less than a month, Minera IRL (TSX: IRL; LSE: MIRL) has lost community support for its Ollachea gold project in Peru, dismissed its interim CEO, and most recently, shown its executive chairman Daryl Hodges the door.

Facts 'n' figures: Asia drags down gold demand in Q2  

Source: Print Archives | 2015-09-02
The following is an edited summary of the World Gold Council’s Gold Demand Trends report for this year’s second quarter. For the full report, please visit www.gold.org 

Pan American Silver expands Mexico operations 

Source: Print Archives | 2015-09-02
At a time when lower commodity prices are fuelling cost-cutting and restructuring plans across the mining sector, Pan American Silver (TSX: PAA; NASDAQ: PAAS) is pushing ahead with expansion projects at two of its three mines in Mexico, and...

Gold miners must lower costs, BMO's Kaip says 

Source: Print Archives | 2015-09-02
VANCOUVER — It’s been a rough run for gold equities over the past few years, but recent performances by major and intermediate producers seem to hint at an industry that’s getting its balance sheets and cost structures in...

Sierra Metals turns up the heat in Mexico 

Source: Print Archives | 2015-09-02
In July, Sierra Metals (TSX: SMT) appointed as its vice-president of exploration Matthew Wunder — a geologist who during  his career was part of a group at Rubicon Minerals (TSX: RMX; NYSE-MKT: RBY) that discovered and developed the...

Anglo Pacific has 'turned the corner,' CEO says 

Source: Print Archives | 2015-09-02
For Anglo Pacific Group (TSX: APY; LSE: APF), royalty income in the first half surpassed all of the royalty income earned last year. And while the company posted an after-tax loss for the six months ended June 30, it was a much smaller one than...

Argonaut aims to balance expansion, cost control 

Source: Print Archives | 2015-09-02
VANCOUVER — Argonaut Gold (TSX: AR; US-OTC: ARNGF) is walking a fine line by expanding its gold and silver production while controlling operating costs to maximize its free cash flow. The company’s long-term goal is to boost...

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