Young and old join forces to create new gold explorer
A 33-year-old entrepreneur with an undergraduate degree in cell biology and genetics isn’t the first person one expects as the chairman of a new mineral explorer focused on Brazilian gold.
News
Magellan races to find more Brazilian gold
It’s been years since geologists Alan Carter and Dennis Moore flew around with a claim map staking property in Brazil’s attractive Tapajos gold district, before setting up their own mining company – Magellan Minerals (MNM-V).
Brazilian Gold turns to Tapajos
Brazilian Gold (BGC-B) wants investors to get familiar with Brazil’s Tapajos region.
Luna cutting costs, boosting output at Aurizona
Working away in the relatively remote San Luis craton of northeast Brazil, Luna Gold (LGC-V) has commissioned one gold mine, advances a second project to the scoping stage and holds an extensive greenfield land package in the area.
Rio Novo Gold marches towards production
Rio Novo Gold (RN-T) hopes to become a gold producer by bringing its two advanced-stage Brazilian properties into production: The Almas gold project in the southeastern part of Tocantins State, and the Guaranta gold project in the northern part…
Agnico-Eagle buys 18.6% of Mexico-focused Colibri
Major Canadian gold miner Agnico-Eagle Mines (AEM-T, AEM-N) has acquired 6 million shares and 4 million warrants of Colibri Resources (CBI-V), a junior explorer based in Nanaimo, B.C., looking for gold and polymetallic mineralization in…
Northland targets 2013 for first iron ore delivery
Northland Resources (nau-t) is set to launch its flagship Kaunisvaara iron ore project in northern Sweden in early 2013, with production of 5 million tonnes of iron ore concentrate per year expected by 2014.
Orvana gets its gold-copper mine rolling in Spain
Orvana Minerals (ORV-T) got its El Valle-Boinas/Carles gold-copper mine and plant in northern Spain off the ground on May 31, and expects a first shipment in June.
Eastplats stung by platinum price drop
A softening platinum market is taking a bite out of miners as companies face shrinking margins and production challenges, especially in South Africa’s prolific Bushveld complex, which accounts for 72% of global platinum output.The…
Low-profile shell jumps 510% on investment by big-name investor
A low-profile shell named Drexel Resources (DX-V) has attracted the interest of goldbugs and investors after it announced North Vancouver mining man Mark O’Dea intends on buying 10.7 million shares in a 24-million-share private placement for a…
Golden Minerals, ECU to hook up
Colorado-headquartered miner Golden Minerals (AUM-T, AUNM-X) and Toronto-based ECU Silver Mining (ECU-T) agreed to merge to create a new silver mining company focused mainly in Mexico and Argentina.
Young-Davidson mine becoming a reality for Northgate
Progress at one of Ontario’s more exciting gold deposits continues un-abated as Northgate Minerals Corporation (NGX-T, NXG-X) drives to get its Young-Davidson mine into production. Northgate has already put $170 million into construction…