Barkerville in the doghouse with BCSC
The British Columbia Securities Commission (BCSC) has halted trading in Barkerville Gold Mines (BGM-V) because a much-anticipated technical report on its Cow Mountain gold deposit is not up to standard.
News
Primero’s star rises in the west
The industry expected big things from Toronto-based Primero Mining (P-T, PPP-N) when it acquired the San Dimas gold-silver mine in Mexico for US$500 million from Goldcorp (G-T, GG-N) just over two years ago. But things did not always go…
Mexico buoys Pan American in stormy seas
Thanks to its acquisition earlier this year of the Dolores silver mine in northern Mexico, Pan American Silver (PAA-T, PAAS-X) set a new quarterly record for gold production and posted the second-highest silver production in…
Honouring Timmins’ mine finders
Led by association president Dean Rogers, northern Ontario’s Porcupine Prospectors and Developers Association has erected three bronze statues to honour legendary gold mine finders (from left): Jack Wilson of the Dome mine, Sandy McIntyre…
Exchange rates
EXCHANGE RATES CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate) Date Aug 6 Aug 3 Aug 2 Aug 1 July 31 US$ in C n/a 0.9986 1.0062 1.0017 1.0014 …
Cobriza on the copper trail in Peru
The final results from Cobriza Metals’ (CZA-T) first drill campaign at its Arikepay polymetallic project in Peru are in, and they continue to indicate that the company is on to a large porphyry system.
Unigold grows Candelones gold zones in the DR
Unigold (UGD-V) has released more results from its now closely followed drill program at the Candelones gold project on the northwestern portion of the Dominican Republic.Hole 29 hit 89 metres grading 1.72 grams gold per tonne from 326 metres…
Advanced Explorations drops on feasibility study
Shares of Advanced Explorations (AXI-V) plunged 37% following the results of its feasibility study on the Roche Bay iron project on the Melville Peninsula in Nunavut.
Franco-Nevada, Inmet sign Cobre Panama deal
Inmet Mining (IMN-T) has closed a financing deal with streaming and royalty company Franco-Nevada (FNV-T, FNV-N) worth US$1 billion. It’s a bid to cover a funding shortfall at Inmet’s US$6.2-billion Cobre Panama copper-gold…
Palmarejo delivers for Coeur
Of Coeur d’Alene Mines’ (CDM-T, CDE-N) five producing precious metals mines, Palmarejo in northern Mexico is the largest contributor to the company’s sales and cash flow. Metal sales from the mine in Chihuahua state last year…
Harry Winston, Rio revise Diavik plan
Harry Winston (HW-T, HWD-N) has released a much-anticipated mine plan update for its joint-venture Diavik diamond operation 300 km northeast of Yellowknife, N.W.T.
Barrick to sell African assets?
It looks like Barrick Gold’s (ABX-T, ABX-N) new CEO Jamie Sokalsky is getting down to business to help lift the company’s stagnating share price through a possible sale of its 73.9%-owned African gold subsidiary African…