Allied Nevada sells Hasbrouck to West Kirkland
Allied Nevada Gold (TSX: ANV; NYSE-MKT: ANV), like many gold producers, has been taking steps to strengthen its balance sheet and recently announced the sale of a non-core asset in Nevada.
Gold
Rubicon inks $75-million gold stream with Royal Gold
VANCOUVER — A US$75-million gold-streaming deal with Royal Gold (TSX: RGL; NASDAQ: RGLD) has given Rubicon Minerals (TSX: RMX; NYSE-MKT: RBY) almost half the money it needs to finish building an underground gold mine at its Phoenix…
Richmont expects $13.5M writedown at W Zone mine in Val-d’Or
Montreal-based Richmont Mines (TSX: RIC; NYSE-MKT: RIC) anticipates taking a $13.5-million impairment charge at its W Zone underground mine near Val-d’Or, Que., after recalculating the mine’s year-end 2013 reserves using a lower…
Agnico up on strong production, despite huge writedown
Agnico Eagle Mines (TSX: AEM; NYSE: AEM) kept its shares in the green after revealing strong operational results in the fourth quarter and full-year 2013, despite swallowing a huge impairment charge that weighed on earnings.
Barrick evolves into a ‘leaner, more agile’ operator
VANCOUVER — The past two years have served as a stark reminder of the cyclical nature of the mining business, and senior producer Barrick Gold (TSX: ABX; NYSE: ABX) spent much of 2013 transforming its business to better cope with the ups…
Gold reserves shrink as miners adjust to lower gold prices
VANCOUVER — Gold’s sliding price has forced mining majors to cancel new mines, shutter or sell high-cost operations, shelve expansion plans and dramatically write down asset valuations. Now gold’s price decline is cutting into…
Correction
The story “Newmont sees rough road this year” (T.N.M., Feb. 10–16/14) incorrectly reported Newmont Mining’s 2014 production guidance as 4.4 to 4.8 million oz. gold. Newmont’s attributable production guidance for…
Iamgold comes up short on 2013 production targets
Lower production and higher costs have taken their toll on Iamgold’s (TSX: IMG; NYSE: IAG) share price, after the gold miner released disappointing fourth-quarter and year-end results.
First Quantum expands on Inmet’s vision at Cobre Panama
In an era when investors are demanding leaner budgets and more efficient projects, First Quantum Minerals (TSX: FM, LSE: FQM) is going old school. The company says the economics of the recently acquired Cobre Panama copper project in…
Teranga keeps costs down, stock rises
Teranga Gold (TSX: TGZ; US-OTC: TGCDF) is showing that when it comes to the gold sector, operational strength is being rewarded.
Silver Standard buys Marigold mine for $275M
VANCOUVER — With a $275-million deal to buy the Marigold gold mine in Nevada, Silver Standard Resources (TSX: SSO; NASDAQ: SSRI) will be doubling its production profile, boosting its reserves by 50% and lowering its geopolitical risk.
Sunridge gets cash and government on board in Eritrea
Sunridge Gold (TSXV: SGC; US-OTC: SGCNF) says it’s the biggest milestone achieved to date at its Asmara copper–zinc–gold project in Eritrea. In one broad stroke the company has cemented its position in the country and…