Encouraging signs for Rio Novo
Exploration at Rio Novo Gold’s (RN-T) Vira-Saia target on its Almas gold project in Brazil is yielding shallow, low-grade mineralization likely amenable to bulk mining methods, analysts say.
News
Positive PEA for Pan American and Orko’s La Preciosa
Better late than never, joint venture partners Pan American Silver (PAA-T) and Orko Silver (OK-V) have released a long-awaited preliminary economic assessment (PEA) for their La Preciosa epithermal silver-gold project in Durango, Mexico.
Early results bolster Cartier
Early results from Cartier Resources’ (ECR-V) Cadillac Extension project near Val-d’Or show promise and the company’s share price responded. Cartier announced that channel samples from the project, which sits 15-km east of Val-d’Or in…
Oro Mining posts solid drill results
Before joining Oro Mining (OGR-V) as chief executive and chief operating officer, John Brownlie was president of Capital Gold, where he successfully brought the El Chanate open-pit gold mine into production and helped make it one of the most…
Timmins Gold sells more ounces
Timmins Gold (TMM-T) says it’s on track to produce more than 100,000 oz. gold from its flagship San Francisco mine in Mexico for fiscal 2011.
Fortuna Silver Mines start producing concentrates
Shares of Fortuna Silver Mines (FVI-T) jumped 55¢ or 11.11% to $5.50 per share on news that the mill at its 100%-owned San Jose silver-gold mine in southern Mexico had started producing silver-gold concentrate.
New 52-week high for New Gold
New Gold (NGT-T, NGD-X) touched a new 52-week high, a day after posting strong drill results from its Blackwater gold project in central British Columbia.
Higher earnings despite lower production for Quadra FNX
It was a busy quarter for Quadra FNX Mining (QUX-T), but one that paid large profits to the recently merged company despite lower production totals. Quadra, which teamed with FNX in May of last year, reported a 75% increase in earnings, as…
Soaring Q2 profits for Uranium One
Uranium One’s (UUU-T) second-quarter profits surged 450% to US$29.7 million, compared to the year-ago period, as revenue nearly doubled.
Orezone expands Bombore project area
When the shares of most companies were tanking yesterday in what turned out to be the worst day on the markets since December 2008, shares of Orezone Gold (ORE-T) edged 4.32% higher or 13¢ to close at $3.14 on news it had received…
Russia’s Solway Group buys HudBay’s Fenix
Russia’s Solway Group, which owns a ferrno-nickel plant in the Ukraine, has bought HudBay Minerals’ (HBM-T, HBM-N) Fenix ferro-nickel project in Guatemala for US$140 million in cash at closing and an additional US$30 million if certain…
[Update] Woulfe advances Sangdong
With tungsten prices on the rise, Vancouver-based Woulfe Mining (WOF-V) is scrambling to restart the past-producing Sangdong tungsten-molybdenum mine in South Korea by late 2012.