Papua New Guinea continues to scare off miners
Aldridge Minerals (AGM-T) has added its name to a growing list of mining companies leaving or looking to leave Papua New Guinea (PNG).
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Trevali adds tonnes to Santander resource
VANCOUVER — Trevali Mining (TV-T) has added significantly to the resource base at its Santander mine in Peru as it advances the project towards production.
Global Minerals seeks silver in historic Slovakian mine
VANCOUVER — A common tale amongst grand old communist regions is the historic state-run mine that now lies in disrepair following the blossoming of democratization and liberalization in parts of Eastern Europe. International explorers…
Oil Can resource lifts Champion Minerals
Champion Minerals (CHM-T) is trading higher on news that its 100%-owned Oil Can iron-ore deposit, six km north of its flagship Fire Lake North project in the southern end of the Labrador Trough, contains nearly one billion tonnes of…
High Desert hits new zone at Gold Springs
High Desert Gold (HDG-V) said it would find new gold mineralization in undrilled areas below outcropping gold mineralization and now it has.
Chalco and Ivanhoe extend SouthGobi deal deadline
VANCOUVER — The Aluminum Corporation of China (Chalco) and Ivanhoe Mines (IVN-T, IVN-N) have agreed to wait a month before Chalco make its official offer to buy Ivanhoe’s stake in SouthGobi Resources (SGQ-T) as doubts remain as to…
Virginia and Altius strike strategic alliance
Shares of Virginia Mines (VGQ-T) closed 12¢ or 1.3% higher at $9.13 apiece while Altius Minerals (ALS-T) climbed 9¢ or 0.9% to $10.73 on news the two companies had struck a strategic alliance to cooperate on exploration for base and…
Barrick undeterred by latest Argentinian court ruling
Despite an unfavorable court ruling, Barrick Gold (ABX-T, ABX-N) is confident that its Pascua Lama project will push ahead.
Updated: Barkerville climbs 50% on 10.6-million-oz. resource
VANCOUVER — Barkerville Gold Mines’ (BGM-V) share price has climbed more than 50% since the company put out a 10.6-million-oz.-gold resource estimate for its Cow Mountain deposit, but questions remain as to the accuracy of the estimate….
Golden Reign digs Nueva Segovia in Nicaragua
Golden Reign Resources (GRR-V) wants to help return Nicaragua to its former vaunted status in the gold world.Before the Sandinista revolution of 1979, Nicaragua was one of Central America’s largest gold exporters.And…
Baja Mining clings to life
Nearly two months after Baja Mining (BAJ-T, BAJFF-O) initially disclosed cost overruns of US$246 million at its Boleo copper-cobalt-zinc project in Baja California Sur, Mexico, one of the company’s largest shareholders, Louis Dreyfus…
More about cost overruns on capital development
I am an advocate of change for the better, as well as the preservation of those things that work well, but there seems to be a lack of good balance between the two these days when it comes to project development in mining. It seems to me that…