Yamana ups yearly profits by 17%
Yamana Gold (YRI-T, AUY-N) reported a US$89.5-million profit for the fourth quarter of 2011, a 28% decrease from the same period a year ago, thanks to a one-time US$81-million impairment loss on investments.
Copper
New Brunswick: top spot for mining
The international mining industry has ranked New Brunswick as the world’s most attractive jurisdiction for exploration and development, unseating last year’s winner Alberta which fell to third place behind Finland, according to the…
Doubling of resource creates buzz about La Mancha
Visual outcrops of sulphide can be seen at the bottom of twelve of the sixteen oxide pits that make up La Mancha Resources’ (LMA-T) Hassai mining complex in the remote desert of northern Sudan. And a new resource estimate based on…
BHP and Rio double-down on copper
Vancouver — BHP Billiton (BHP-N, BHP-L, BHP-A) and Rio Tinto (RIO-N, RIO-L, RIO-A) are feeling optimistic about copper. Six weeks into the first quarter of 2012, the two mining giants unveiled plans to commit over U$4 billion to expand…
Best intercept yet for Bellhaven in Colombia
Bellhaven Copper & Gold (BHV-V) hit its best intercept yet at its La Mina gold-copper project in Colombia, and the good news came out of an emerging zone on the property.
JV partners Regulus and Pachamama to merge
Already equal partners in the headline-grabbing Rio Grande copper-gold project in Argentina, Regulus Resources (REG-V) and Pachamama Resources (PMA-V) are making the arrangement formal and merging into one company.
Panoramic launches hostile bid for Magma Metals
An unfriendly takeover bid of Magma Metals (MMW-T, MMW-A) by Australia’s Panoramic Resources (PAN-A) sent Magma’s shares in Toronto up 77% to close at 15¢ on Feb. 3 with nearly 3 million shares changing hands.
Zambian copper mine yields lower-than-expected margins for Barrick
Half a year in, Barrick Gold’s (ABX-T, ABX-N) newly purchased Lumwana copper mine in Zambia has done little to rebut the critics who denounced Barrick’s contentious and expensive move into copper through its June 2011 takeover of…
Positive PEA for Queenston’s Upper Beaver
A preliminary economic assessment of Queenston Mining’s (QMI-T, QNMNF-O) flagship Upper Beaver project in northern Ontario envisions production of 120,000 ounces of gold and 5.3 million pounds of copper a year at attractive cash costs…
Lumina hits long intersects at Taca Taca
The Taca Taca deposit in northwestern Argentina, 90 km east of Escondida, the world’s largest copper mine, has yielded the longest mineralized intercept to date—813 metres grading 0.60% copper equivalent including 134 metres of…
Salazar shares gain on Lundin’s investment
Salazar Resources (SRL-V) climbed 18% on news that diversified miner Lundin Mining (LUN-T) is acquiring a 15.4% stake in the company by buying over 80% of Salazar’s $3-million private placement, consisting of 6 million units…
Regulus and Pachamama announce merger, more Rio Grande results
Vancouver – Already equal partners in the headline-grabbing Rio Grande copper-gold project in Argentina, Regulus Resources (REG-V) and Pachamama Resources (PMA-V) have decided make the arrangement formal and merge into one company.