Sherritt lands in the red in Q2
Sherritt International (TSX: S; US-OTC: SHERF) reported a second-quarter net loss of $10.7 million, or 4¢ a share, falling below earnings of $40.8 million, or 14¢ a share, a year ago.
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African Barrick hit with US$543M writedown at Buzwagi
VANCOUVER — Based on production metrics, Tanzania-focused African Barrick Gold (LSE: ABG; US-OTC: ABGLF) is having a relatively good start to 2013. Over the past six months the company has beaten analysts’ earnings…
Barrick takes US$8.7B impairment charge
Barrick Gold (TSX: ABX; NYSE: ABX) is writing down the value of its assets by US$8.7 billion and slashing its quarterly dividend in response to the recent decline in metal prices.
West Kirkland’s PEA at TUG hit by lower gold price
VANCOUVER — Nevada-focused gold explorer West Kirkland Mining (TSXV: WKM; US-OTC: WKLDF) has unveiled a preliminary economic assessment (PEA) for its TUG gold-silver deposit on the Long Canyon gold trend along the Utah-Nevada border in…
Analysts flag Cardero’s low cash flow
Cardero Resource’s (TSX: CDU; NYSE-Arca: CDY) largest shareholder, Luxor Capital Group, is offering to restructure its existing loan and even take over the company to dissuade Cardero from completing a debt financing with new lenders…
Edgewater stacks the gold ounces at Corcoesto in Spain
VANCOUVER — Edgewater Exploration (TSXV: EDW) is closing in on a production decision at its Corcoesto gold property in Galicia, Spain.
Workers strike at Tasiast; Kinross to pick up option at Las Pampas
News of a strike action at Kinross Gold’s (TSX: K; NYSE: KGC) troubled Tasiast gold mine in Mauritania brings the total number of strikes to three since the Toronto-based producer acquired its 100% stake in 2010.
Colossus falls on delay at Serra Pelada
Colossus Minerals’ (TSX: CSI; US-OTC: COLUF) shares fell hard after the company announced that it needs more dewatering capacity at its Serra Pelada polymetallic development project in Brazil.
Ur-Energy shares gain momentum
Ur-Energy (TSX: URE; NYSE-Arca: URG) has seen its shares nearly double in the past year, as it gears to become the next U.S.-based uranium producer.
Energy Fuels looks to be the name in US uranium mining
Uranium prices look poised to finally come back around, and Energy Fuels (TSX: EFR; US-OTC: EFRFF) is hoping to be one of the first places for investors to park their capital.
Candente eyes Cobriza to boost opportunities
The whole appears greater than the sum of its parts for Candente Copper (TSX: DNT), which is acquiring Cobriza Metals (TSXV: CZA; US-OTC: CBZMF) — a company it spun out in late 2011 — to survive and hopefully thrive in a harsh…
Paladin’s production, cost-cutting impresses
With the uranium price dropping, Paladin Energy (TSX: PDN) is finding ways to cut costs and prepare for a quick expansion, in case prices rebound.