Golden Minerals to restart Velardena mine
Golden Minerals (TSX: AUM; NYSE-MKT: AUMN) is reopening its Velardena silver–gold mine in Mexico’s Durango state in July as a leaner and lower-cost operation.
News
Drills probe new mill feed for Perseus in Ghana
VANCOUVER — Golden drill results from a satellite zone that could provide higher-grade feed for the Edikan gold mine in Ghana have given owner Perseus Mining (TSX: PRU; ASX: PRU; US-OTC: PMNXF) a nice share-price boost.
Coeur rejigs stream agreement with Franco-Nevada
An amended royalty agreement with Franco-Nevada (TSX: FNV; NYSE: FNV) has given Coeur Mining (NYSE: CDE) the breathing room it needs to consider completing the Guadalupe underground mine at its Palmarejo silver–gold complex in…
Pan American Silver defers Dolores expansion
VANCOUVER — Adding an underground operation and a pulp agglomeration circuit to the open-pit Dolores silver–gold mine in Mexico would improve recoveries, boost throughout, increase free cash flow and cost only US$105 million to…
Roxgold secures debt to finance Yaramoko
Since opening its data room and inviting term sheets and proposals from lenders in April, Roxgold (TSXV: ROG; US-OTC: ROGFF) has nailed down a US$75-million senior project debt facility from Société Générale and…
Alacer plans sulphide expansion at Copler
VANCOUVER — For US$660 million Alacer Gold (TSX: ASR; US-OTC: ALIAF) could add a sulphide circuit to its heap-leach Copler (“Çöpler” in Turkish) gold mine in Turkey, an expansion that should pay for itself in the…
Steady hands whip Detour Lake into shape
COCHRANE, ONTARIO — When you look at the careers of Detour Gold’s (TSX: DGC) chief operating officer Pierre Beaudoin and president and CEO Paul Martin, it’s almost as if both men had been groomed for their task of bringing the…
June proves to be a golden month
The remarkable move upwards of gold prices in mid-June has gold investors catching their collective breath and walking with a little more spring in their step, as June draws to an end and gold prices firm up well north of US$1,300 per oz.
Capstone’s Santo Domingo feasibility shows potential
Capstone Mining (TSX: CS; US-OTC: CSFFF) has published a promising feasibility study for its Santo Domingo iron oxide–copper–gold project in Chile’s Region III, showing it could churn out an average 248 million lb. copper in…
Lake Shore prepays $10M in debt
Toronto-based Lake Shore Gold (TSX: LSG; NYSE-MKT: LSG) says its strong operating results and growing cash position has helped it make a $10-million prepayment on a standby line of credit with Sprott Resource Lending Partnership, reducing the…
Guyana Goldfields fully funds Aurora
Guyana Goldfields (TSX: GUY) has secured financing to bring its Aurora gold project in Guyana into production by mid-2015. The good news came in the form of approvals by a group of lenders to provide US$185 million in debt financing to cover…
Probe Mines’ high-grade underground resource at Borden
Probe Mines (TSXV: PRB; US-OTC: PROBF) has published the first high-grade underground resource estimate for its Borden gold project, located on the outskirts of Chapleau, west of Timmins, Ont.