Nevsun Resources and its heaps of cash
Last year marked the second year of production at Nevsun Resources (NSU-T, NSU-N) 60%-owned Bisha mine in Eritrea and already its balance sheet is the envy of many companies in the industry.
News
Positive initial economics for Gold Canyon’s Springpole
VANCOUVER – For US$438 million Gold Canyon Resources (GCU-V) could transform its Springpole project in northern Ontario into a profitable gold-silver mine, according to a new preliminary economic assessment (PEA).
Despite loss, EMED CEO upbeat on Rio Tinto project
EMED Mining (EMD-T, EMED-L) posted a net loss in 2012 of 11.5 million Euros ($15.1 million), up from a loss of 9.7 million Euros in 2011. Of the loss last year, 6.8 million Euros were attributed to exploration and care and maintenance expenses…
One man’s talc is another man’s treasure
With large companies shedding assets to trim costs and juniors struggling to pay the bills—not to mention raise money—it’s probably safe to say that listing a new exploration company these days is not for the faint of…
Production keeps climbing for Fortuna
VANCOUVER – Record silver and gold production that beat its own guidance enabled Fortuna Silver Mines (FVI-T) to achieve record revenues in 2012, a feat that leaves the company well positioned to complete a planned expansion at its…
Mercator takes US$120M writedown on El Creston
Mercator Minerals (ML-T) had a difficult year in 2012 but one that ended with improved operations and a stronger balance sheet, despite taking a US$119.8 million write-down on its El Creston molybdenum-copper project in Mexico.
Aureus looks to put Liberia on the production map
Liberia is getting close to getting its first modern commercial gold mine.
Iron ore outlooks turn gloomy
VANCOUVER – Goldman Sachs has cut its iron ore price forecasts and downgraded its Rio Tinto (RTP-N, RIO-L) recommendation from Neutral to Sell. The reason? More than 90% of the company’s 2012 earnings came from iron ore, a sector…
A changing landscape for growing copper producers
VANCOUVER — With the US$5.1-billion hostile takeover of Toronto-based Inmet Mining (IMN-T) by large-cap peer First Quantum Minerals (FM-T, FQM-L) looking all but wrapped up, it seems an opportune time to take a look at the shifting…
Tintina grows Black Butte copper count
VANCOUVER – With an upgraded resource estimate for a second deposit at its Black Butte project in Montana now in hand, Tintina Resources (TAU-V) is ready to revamp the project’s recent economic assessment while it awaits permission to…
Fission and Alpha emerge as newest players to watch in Athabasca
The discovery of a high grade boulder field outside the southern boundary of the Athabasca Basin in Saskatchewan is shaping into a significant find for joint venture partners Fission Energy (FIS-V) and Alpha Minerals (AMW-V).
Copper Mountain contemplates secondary crusher
Despite several mill maintenance shutdowns last year and difficulties with variability in ore hardness and fragmentation entering the SAG mill from the operation’s different open-pit locations, Copper Mountain Mining (CUM-T) posted gross…