Rainy River adds more shine in updated PEA
Rainy River Resources’ (RR-T) updated preliminary economic assessment (PEA) proposes a smaller, higher-grade and lower-cost gold mine at its namesake project in northwestern Ontario.
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Twangiza starts commercial production
Three years ago the area around Banro Corp.’s (BAA-T, BAA-N) Twangiza gold deposit in the Democratic Republic of the Congo had no passable roads, power, workable infrastructure or skilled mining labour. Today the Twangiza oxide mine…
Continental Gold gets approval to start digging
Continental Gold (CNL-T) has the green light to start underground development at its Buritica project in Colombia.
Midland showcases partnership model
Junior Midland Exploration (MD-V) has assembled a number of gold, base metal and rare earth element projects in the Abitibi and James Bay area of Quebec but it is perhaps best known for championing the partnership model.
Prophecy Coal targets Mongolia’s growing power demand
VANCOUVER — With the Mongolian economy growing at one of the fastest rates in the world, and China eyeing its neighbour as a potential long-term power source, Vancouver-based Prophecy Coal (PCY-T) is optimistic about its prospects for a…
Interview with Silver Wheaton’s Randy Smallwood
Silver Wheaton (SLW-T, SLW-N) has come a long way in a short period. Formed in 2004 out of Wheaton River Mineral’s silver assets the company is now the biggest silver streaming company in the world.
Updated: Newcrest reopens Lihir, outlines Golpu potential
VANCOUVER — Newcrest Mining (NM-T, NCM-A) has reopened its Lihir gold mine in Papua New Guinea (PNG) after a brief suspension of operations, just as it outlines the potential of Golpu, another major PNG project.
Detour on track for production in early 2013
CIBC mining analyst Cosmos Chiu, who recently returned from a site visit to Detour Gold’s (DGC-T) gold project in northern Ontario, forecasts first production at the mine in February 2013 with commercial production after the mid-year…
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…
Orezone trumpets world-class deposit at Bombore
VANCOUVER — Just three months after finalizing a US$27-million deal with Cluff Gold (CLF-L, CFG-T) for its Sega gold project in Burkina Faso, Ottawa-based explorer Orezone Gold (ORE-T) looks to have another West African success story on…
Medusa expands; hunts for more gold
Medusa Mining’s (MML-L, MML-Z) vein system at its Co-O underground mine in the Philippines — which remains open at depth and in all directions — produced 15,557 ounces of gold in the quarter ended June 30 at cash costs of…
Venture climbs for second week in August 20-24 period
VANCOUVER — The S&P TSX Venture Composite Index climbed for a second week, up 18.46 points in the August 20 to 24 period to end at 1,251.88 points after four days of gains. Volume was fairly consistent with the rest of August at an…