Rio Tinto announces billions in new capital commitments
VANCOUVER — Rio Tinto (RIO-N, RIO-L) has announced billions of dollars in capital commitments to advance and upgrade some of its most high-profile assets.
News
NGEx hits big copper strikes at Josemaria, Los Helados
VANCOUVER — Vancouver-based copper explorer NGEx Resources (NGQ-T) is enjoying a June comeback, as the company benefits from drill results on promising targets at its land package on the established Region III corridor along the…
Gran Colombia builds up Marmato
Gran Colombia Gold (GCM-T) has made a significant boost to its resources at its Marmato project in Colombia, even if it did cost a bit of grade to do so.
Iamgold to sell Quimsacocha
Shares of INV Metals (INV-T) surged 46% to 16¢ on news the Toronto-based company plans to acquire the Quimsacocha gold project in Ecuador from Iamgold (IMT-T) in a move it hopes will take it from a junior exploration company to an…
Capstone’s Minto will live to produce through 2022
VANCOUVER — A lot has changed since Vancouver-based producer Capstone Mining (CS-T) kick-started production at its Minto open-pit copper mine 240-km-north of Whitehorse in 2007. At the time the mine had an eight-year life and a throughput…
Chile, Peru must meet energy challenges as mining booms
VANCOUVER — The Andean nations of Chile and Peru are firmly established as the top copper producing locales in the world. Chile holds the number one spot with annual production clocking in at roughly 4.9 million tonnes, while Peru sits in…
Edgewater secures $120M financing for Corcoesto
VANCOUVER — Edgewater Exploration (EDW-V) has secured in principle a $120 million debt financing for its flagship Corcoesto gold project in Spain as it moves the project towards production.
Semafo hits new gold zone in Niger
Taking a look at the old data has lead to a new discovery for Semafo (SMF-T).
Silver Predator’s Taylor project doesn’t disappoint
Results from the first fourteen of twenty-five drill holes from its 2012 exploration program at its flagship Taylor project in Nevada sent shares of Silver Predator (SPD-T) up 35% to 25¢ a share on 7,300 shares traded.
Banks Island looks at Red Mountain’s short-term potential
VANCOUVER — Banks Island Gold (BOZ-V) has set out the financial potential of the Red Mountain project in northern British Columbia that it recently optioned into.
Kinross grapples with Tasiast
Unpopular mergers are behind some tough news for two of Canada’s largest gold miners.On the same day that Barrick Gold’s (ABX-T, ABX-N) top manager was ousted partly for his role in a share-price-depressing takeover,…
SMI can’t touch the copper-gold pie at Tampakan
On the Philippine island of Mindanao, advancement of the Tampakan project — encompassing one of the planet’s largest undeveloped copper-gold deposits — remains in limbo following months of environmental opposition to a planned…