Editorial: Wave upon wave of tax hikes
The governments of another four large mining jurisdictions are pressing forward with new plans to hike mining taxes and steer more miners’ profits into government coffers.
News
Goldgroup Mining’s big growth plans in Mexico
Junior Goldgroup Mining (GGA-T) believes it can produce much more gold within three years through organic growth by combining its Mexican assets, and Canaccord Genuity mining analyst Nicholas Campbell thinks that goalis on the mark.
Inca Pacific takes $35M buyout to end ownership dispute
A protracted ownership battle looks to be ending, with Inca Pacific Resources (IPR-V) agreeing to a $35-million buyout by Lima-listed Minera Milpo.
NovaGold boosts costs for Donlin
NovaGold Resources (NG-T, NG-X) has updated the cash needed to build its joint-venture Donlin (formerly Donlin Creek) gold project in Alaska, to US$7 billion from US$4.5 billion.
Barrick keeps growing in Nevada
As Barrick Gold (ABX-T, ABX-N) steps up exploration efforts at its Cortez, Turquoise Ridge and Ruby Hill projects in Nevada, it has uncovered two new gold discoveries.
Hunting for gold in the Gem State
Most know Idaho as the Potato State, but the area also has a lesser-known nickname, the Gem State, which dates back to its territorial days.
Cash-strapped Maya agrees to spend $20.5M on old Moroccan silver mine
Maya Gold & Silver (MYA-V) is buying another past-producing precious-metals mine in the Kingdom of Morocco, this time the Zgounder silver project in central Morocco’s Anti-Atlas mountains.
Nunavut gold find leaves Prosperity investors wanting more
Prosperity Goldfields (PPG-V) has drilled 157.6 metres of 1.7 grams gold per tonne at its main Kiyuk gold project in southern Nunavut, including a higher-grade section of 30.5 metres grading 4.9 grams gold. The results are from the company’s…
Lawrence Roulston’s top stock picks
“There is a huge amount of uncertainty in the financial markets right now,” says Lawrence Roulston, a geologist and the editor of the newsletter Resource Opportunities, at the recent Cambridge show in Toronto. “There is so much negativity with…
Cuoro Resources finds major new copper-gold intersection
Drilling at Santa Elena in Colombia about 140 km northeast of Medellin has returned near surface and high-grade VMS mineralization in the first six diamond drill holes, CuOro Resources (CUA-V) announced this week. Assays are pending for the…
TerraX up 26% on assay-less Newfoundland drilling update
TerraX Minerals (TXR-V) has released its second assay-less drilling update in less than a month from its Stewart gold-copper project in the Burin Peninsula of Newfoundland. Shares of the company climbed 8¢ or 26% on the news, closing at…
Difficulties of mining in Africa
Mining companies looking to do business in an African country need to be aware of the complexities they will likely face, from securing debt financing to political risks to complying with local anti-bribery laws.