Detour set to make Canadian gold mining history
The landscape around this town is prototypical of northeastern Ontario: a flat horizon dense with coniferous trees, broken here and there by a still, black lake.
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BCGold – Darren Bahrey resigned as a director; Wes Roberts appointed a director.
Richmont’s Wasamac shows potential
Shares of Richmont Mines (RIC-T, RIC-X) jumped $1.42, or 15.1%, to $10.69 on drill results from its Wasamac gold property in Quebec’s Abitibi region.
Cadillac Ventures boosts resource at Thierry mine project
Cadillac Ventures (CDC-V) has increased measured and indicated resources by 33% and inferred resources by 75% at its 100%-owned Thierry polymetallic mine project in northwestern Ontario, based on drilling completed in 2010 and 2011.
Iamgold sells Mupane gold mine
Iamgold (IMG-T, IAG-N) has pruned the last of its non-core assets with the recent sale of the Mupane gold mine in Botswana to Galane Gold (GG-V).
Barrick keeps growing in Nevada
As Barrick Gold (ABX-T, ABX-N) steps up exploration efforts at its Cortez, Turquoise Ridge and Ruby Hill projects in Nevada, it has uncovered two new gold discoveries.
NovaGold boosts costs for Donlin
NovaGold Resources (NG-T, NG-X) has updated the cash needed to build its joint-venture Donlin (formerly Donlin Creek) gold project in Alaska, to US$7 billion from US$4.5 billion.
Goldgroup Mining’s big growth plans in Mexico
Junior Goldgroup Mining (GGA-T) believes it can produce much more gold within three years through organic growth by combining its Mexican assets, and Canaccord Genuity mining analyst Nicholas Campbell thinks that goalis on the mark.
Perseus pours first gold
Perth, Australia-based Perseus Mining (PRU-T, PRU-A) has started producing gold from its Central Ashanti gold project in Ghana’s renowned Ashanti gold belt.
Lombador I shines for Lundin in Portugal
A feasibility study looking at developing the upper portions of the rich Lombador zinc-copper orebodies at Neves-Corvo in Portugal has shown that it would be a “profitable and value accretive extension” to the mine, Lundin Mining (LUN-T)…
Mexico’s Echavarria to take 39% stake in Animas
Mexican investor Ernesto Echavarria has given Animas Resources (ANI-V) a $3.4-million cash injection as it works to advance the Santa Gertrudis gold project in northern Mexico.
Rapid progress for Atacama Pacific’s Cerro Maricunga
Thanks to several years of work as a private entity, Atacama Pacific Gold (ATM-V) came out of the gates running last year with a $33-million initial public offering and an advanced gold project in Chile.