New GoldQuest execs bring extensive Dominican experience
GoldQuest Mining (GQC-V) has undergone significant management changes as it prepares to advance its prospects in both the Dominican Republic and Spain.
News
Great Basin opens Burnstone gold mine (March 11, 2011)
In July 2006, Great Basin Gold (GBG-T) started building its Burnstone gold mine in South Africa, looking to be the first new gold producer in the Witwatersrand basin in 30 years.
Equinox makes surprise bid for Lundin (March 11, 2011)
A hostile bid by Equinox Minerals (EQN-T, EQN-A) for Lundin Mining (LUN-T) worth about $4.8 billion in cash and shares could derail a friendly merger proposed between Lundin and Inmet Mining (IMN-T, IEMMF-O) that is scheduled for a shareholder…
Trevali revives Santander mine in Peru
The Santander mine project located 215 km from this coastal city has historic assets and strategic advantages that should help Trevali Resources (TV-T) achieve its goal of becoming Latin America’s newest silver-lead-zinc producer.
De Beers smiles as diamond prices rebound
While a certain amount of global uncertainty remains, 2010 saw a strong recovery in diamond prices driven by exceptional demand in China and India, coupled by a better than expected retail performance in the U.S. during the Christmas season.
Equinox spoils Symterra dream
Nothing’s ever simple when it comes to Lundin Mining. This week, the volatile Vancouver-based international base-metals miner had its cozy proposed merger with Canada’s Inmet Mining fall apart in the face of a hostile, $4.8-billion bid by…
All eyes on M&A
The mining sector was thrust into the media spotlight in 2010 as the number of mining mergers and acquisitions (M&A) hit an all-time high. A new PricewaterhouseCoopers (PwC) report tracked 2,693 global mining M&A deals worth US$113…
Situation in Cote d’Ivoire worsens
As tensions in Côte d’Ivoire continue to escalate, it is getting more difficult to determine if and when a stable investment environment may return to the country.
Pele Mountain adds REEs to the mix
When Pele Mountain Resources (GEM-V) completed a scoping study in 2007 on its Eco Ridge mine project in Elliot Lake, Ont., the company didn’t even bother to include the deposit’s rare earth elements as a byproduct of the project’s planned…
Quartermain’s Pretium is off to a good start
After 25 years at the helm of Silver Standard Resources (SSO-T, SSRI-Q), Robert Quartermain is back in action with a start-up company called Pretium Resources (PVG-T).
Medusa Mining delivers on promise (March 11, 2011)
Record gold production at low cash costs averaging US$186 per oz. contributed to a record net profit after-tax of US$58.1 million in the six months ended Dec. 31, 2010, Medusa Mining (MLL-T, MML-L, MML-A) reports.
Ivanhoe, Altynalmas boost resource at Bakyrchik
A 50% increase of indicated resources at the Bakyrchik gold deposit “bodes well” for the definitive feasibility study that is due by June, Altynalmas Gold and Ivanhoe Mines (IVN-T, IVN-N, IVN-Q) say.