AuRico eyes a revival at dormant Kemess mine in BC
VANCOUVER — Toronto-based miner AuRico Gold (TSX: AUQ; NYSE: AUQ) is hoping it can give the past-producing Kemess gold-copper mine a new lease on life.
Gold
Timmins Gold picks up Caballo Blanco from Goldgroup
Timmins Gold (TSX: TMM; NYSE-MKT: TGD) has been looking at Goldgroup Mining’s (TSX: GGA) Caballo Blanco project in Mexico for a couple of years now, and has finally signed a deal to acquire 100% of the asset.
TSX surges, Dec. 15-19
A rebound in oil prices and news the U.S. Federal Reserve would take a patient approach to hiking interest rates helped Canada’s benchmark index achieve its best weekly gain in three years. The S&P/TSX Composite Index soared 736.21…
Alacer boosts leaching capacity at pler
Alacer Gold (TSX: ASR) says it can increase the heap-leach capacity at its 80%-held Copler gold mine in Turkey to extend oxide gold production beyond 2017.
Skeena seeks next discovery in BC’s Golden Triangle
VANCOUVER — It’s been more than two decades since veteran geologist Ron Netolitzky won the Prospectors & Developers Association of Canada’s Bill Dennis Prospector of the Year award for his role in exploring and financing…
Randgold’s Mark Bristow dreams big
Mark Bristow was a 24-year-old university student when he attended a party on the eve of the Midmar Triathalon — a gruelling canoe-cycle-run event held at the Midmar Dam north of Pietermaritzburg in South Africa.
Aureus Mining ‘not a one-horse show’
Aureus Mining (TSX: AUE; LSE: AUE) has doubled the size of the aggregate resource at its Ndablama deposit in Liberia, just 40 km northeast of where the company is building its flagship New Liberty gold mine.
Probe closes $41.6M land deal at Borden
December was a great month for Probe Mines (TSXV: PRB; US-OTC: PROBF) president and CEO David Palmer.
Barrick to shutter Lumwana as Zambian gov’t hikes royalty
Barrick Gold (TSX: ABX; NYSE: ABX) will soon suspend operations at its Lumwana copper mine in Zambia in response to the Zambian government’s move to more than triple the royalty rate on open-pit mines, starting in 2015.
Commentary: Gold producer hedging in a lower price environment
The following is an edited except from Société Générale and Thomson Reuters GFMS’s Global Hedge Book Analysis Q3 2014.
Coeur pays US$161 million for Paramount’s San Miguel
VANCOUVER — According to Coeur Mining (NYSE: CDE) president and CEO Mitchell Krebs, the company’s friendly take-over of junior Paramount Gold and Silver (TSX: PZG; NYSE-MKT: PZG) is one of the most “logical and strategic acquisitions”…
Letter to the Editor: Tough to turn a profit at San Antonio
From April 1941 to June 1968, my late father Cliff Gibson was chief geologist at the San Antonio gold mine in Bissett, Man. Every year it made money and paid a dividend.