Aurizon’s Q4, year-end profits drop
Aurizon Mines (ARZ-T, ARK-X) reported lower fourth-quarter and annual profits for 2010 as it wrapped up a tough year at its flagship Casa Berardi gold mine in northwestern Quebec.
News
Ethiopian Potash upbeat about the Danakil Depression
Despite lingering concerns in North America and Europe over a slower-than-expected economic recovery, there appears to be little worry left in Ethiopia’s potash-rich Danakil Depression.
Minera Andes makes headway at San Jose mine (March 28, 2011)
Exploration drilling in and around the San Jose underground mine last year uncovered 7.5 km of new high-grade silver-gold veins, a 44% year-on-year increase in the cumulative strike length of all the known veins at the mine, Minera Andes…
Lima connections help Dia Bras acquire Yauricocha mine
Using the contacts of director Alberto Arias, a former Goldman Sachs (GS-N) analyst turned resource investor with a well-connected mining family in Peru, Dia Bras Exploration (DIB-V) has penned a US$310.2-million deal to acquire Sociedad Minera…
Columbus sets sail for French Guiana (March 28, 2011)
France is hardly considered a hotbed of mining potential, but Columbus Gold (CGT-V) sees the part of the country tucked away in the South American jungle as just that.
Capital Gold shareholders love a good fight (March 28, 2011)
Sometimes a fight can be a beautiful thing.
ARMZ cuts bid price for Mantra
With Japan’s unfolding nuclear disaster scaring many investors – and some governments – away from uranium, Russia’s Atomredmetzoloto (ARMZ) has come back with a more modest offer to buy Australia’s Mantra Resources (MRL-T, MRU-A) and its Mkuju…
Not so friendly foreign direct investment (March 28, 2011)
Robert Amsterdam has carved out a reputation as a go-to lawyer for executives feeling the wrath of a hostile government.
Lundin’s board gives thumbs down to Equinox (March 28, 2011)
Lundin Mining (LUN-T) is urging its shareholders to reject a hostile takeover bid from Equinox Minerals (EQN-T, EQN-A) worth about $4.8 billion, arguing it is too low and that the Australian mining company would have to take on too much debt (a…
Gold Canyon hits long gold intercept
Gold Canyon Resources (GCU-V) found some light on an otherwise cloudy time for markets as it struck a significant amount of gold near Red Lake, Ont.
First Mexican finds gold and silver at Guadalupe
Recently-listed First Mexican Gold (FMG-V) has released good gold-silver assay results from shallow scout drilling at its Guadalupe project in Mexico’s Sonora state.
Fraser Institute: Latin America trails peers as mining destination (March 28, 2011)
Government policies of Latin American countries such as Guatemala, Bolivia, Venezuela and Honduras have dragged down investment in the entire region according to the Fraser Institute’s annual Survey of Mining Companies for 2010/11.