Sunridge brightens Asmara’s economics
Sunridge Gold (SGC-V) has outlined stronger economics for its prized Asmara copper-zinc-gold project in Eritrea in a feasibility study that outshines last year’s prefeasibility study.
Copper
JV partners grow resource at Woodjam
In a little over a year, partners Consolidated Woodjam Copper (WCC-V) and Gold Fields (GFI-N) have grown the inferred resource at the Southeast zone on their Woodjam property in the Cariboo region of central British Columbia from 146.5 million…
Lundin on track despite first-quarter zinc setback
VANCOUVER — Diversified base metal producer Lundin Mining (LUN-T) is on target to meet its guidance this year despite lower-than-anticipated production during the first quarter at its wholly owned Zinkgruvan zinc-lead-copper mine, 200 km…
Thompson Creek sees its future in copper and gold
Thompson Creek Metals (TCM-T, TC-N) is a go-to name in the molybdenum space, largely thanks to its namesake mine, which is the fourth-largest moly mine in the world.
Cheap coal hits Teck’s bottom line
Teck Resources’ (TCK-T, TCK-N) first-quarter performance beat analyst expectations but came in lower compared to a year ago, owing to global economic uncertainty and weaker commodity prices.
Healthy operating cash flow in Q1, Barrick says
Barrick Gold (ABX-T, ABX-N) has reported operating cash flow in the first quarter of 2013 at US$1.1 billion, down from US$1.4 billion in the first quarter of 2012, while net earnings totalled US$847 million, or US85¢ per share, down from…
Colorado Resources’ shares septuple on BC porphyry hit
VANCOUVER — When the first hole ever drilled at a property returns 333 metres grading 0.51% copper and 0.67 gram gold per tonne from surface, resource investors sit up and take notice.
Yamana’s Q1 profits plunge as costs rise
Despite producing more gold than a year ago, Toronto-based Yamana Gold (YRI-T, AUY-N) wasn’t able to buck the trend of miners posting shrinking first-quarter profits amidst dipping metal prices. Profit for the first quarter of…
Aldridge de-risks Yenipazar in Turkey
A nation at the crossroads of Europe and Asia measuring about 800 by 1,600 km is punching above its weight as an emerging mining jurisdiction, with operating mines owned by Inmet Mining (IMN-T), Eldorado Gold (ELD-T, EGO-N) and Alacer Gold…
Capstone buys BHP’s Pinto Valley
VANCOUVER — Most of the world’s mining majors are selling non-core assets so that they can optimize key operations, shore up earnings and cut back capital outlays. The shift follows a few years of overspending spurred by commodity…
Bellhaven expands Colombian footprint
Large-tonnage, low-grade deposits may not be the flavour of the month, but Bellhaven Copper & Gold (BHV-V) is in a good position for whenever investors resume their love affair with big gold deposits.
Hudbay builds on its Manitoba legacy
VANCOUVER — Canadian base metal producer Hudbay Minerals (HBM-T, HBM-N) laid a foundation for success on the Flin Flon greenstone belt in northern Manitoba roughly 85 years ago. During that time the company has developed 26 mines in the…