Great Basin’s great descent
Great Basin Gold (GBG-T, GBG-X) continues to tumble under a delisting review by the Toronto Stock Exchange, following the market response to the company suspending its Burnstone gold mine in South Africa.
News
McEwen plots out El Gallo’s next growth stage
A feasibility study for phase two of McEwen Mining’s (MUX-T, MUX-N) expanding El Gallo mine supports production of an additional 5 million oz. silver a year for seven years from the company’s mining complex in Sinaloa, Mexico….
Klondike looks to find the source of the old gold rush
Klondike Gold (KG-V) is back in the Klondike gold fields of the Yukon looking for the source of all that historic placer gold production at its Lone Star property.
Blackwater PEA drives New Gold higher
A preliminary economic assessment of New Gold’s (NGD-T) Blackwater gold project in central British Columbia 112 km southwest of Vanderhoof suggests the project should generate robust economic returns even at a gold price that is…
Lonmin’s wage deal fuels more unrest in South Africa
While Lonmin (LMI-L) has ended a bloody labour dispute at its Marikana platinum mine near Rustenburg in South Africa that left 46 dead, other miners in the country are demanding higher wages.
Brigus piles on the ounces in latest resource update
Brigus Gold (BRD-T) has updated its resource estimate for the Grey Fox gold property and the results show the company is particularly adept at pushing inferred resources up into a ballooning indicated category. Grey Fox is 4…
Ivanhoe Australia beefs up Osborne
In late February Ivanhoe Australia (IVA-T, IVA-A) started production ahead of schedule and on budget at its Osborne copper-gold project in northwestern Queensland. The initial shipment of copper-gold concentrate to Asian smelters left port in…
Alpha faces lower credit rating after closing 8 mines
Alpha Natural Resources (ANR-N) may have its credit ratings cut by Standard & Poor’s after it said it will curtail production and close eight of its U.S. coal mines to stay profitable in the low price environment.
Queensland’s new coal royalties upset miners
Australia’s biggest miners say the Queensland government’s move to hike royalties on coal operations will cause more job losses and project cancellations in the troubled sector.
Silver Wheaton’s Smallwood paddles world’s silver streams
Silver Wheaton (SLW-T, SLW-N) has come a long way in a short time. Formed in 2004 out of Wheaton River Mineral’s silver assets, the company is now the biggest silver-streaming company in the world.
NuLegacy gets in line on Nevada’s Cortez trend
A little over two decades ago Roger Steininger made a major gold discovery in Nevada by bucking conventional wisdom. Today he’s trying to do it again.Steininger has found himself chief operations officer and a director at Nevada-focused…
Toronto Stock Exchange
The S&P/TSX Composite Index gained during the trading week to close at 12,268.01, up 319 points from where it began.The lift followed two major announcements, including the European Central Bank’s plan to buy government bonds from…