Pretium updates Brucejack feasibility
Pretium Resources’ (TSX: PVG; NYSE: PVG) revised feasibility study for its Brucejack gold–silver project in B.C. shows the deposit is economical, even at low gold prices.
Gold
Avala’s open-pit mine plan for Timok in Serbia
VANCOUVER — Serbia has received attention lately as an under-explored jurisdiction for copper porphyry targets, but for junior Avala Resources (TSXV: AVZ) the story is all about gold. To this end, the company has just tabled an…
Rubicon keeps Phoenix on course
Thanks to two financing deals that came through early this year, developer Rubicon Minerals (TSX: RMX; NYSE-MKT: RBY) now says mine construction is half complete at its Phoenix gold project in Ontario’s Red Lake camp, and the…
Ross Beaty to invest in Odin Mining
Fresh on the heels of the $470 million sale of Lumina Copper (TSXV: LCC) and its Taca Taca project in Argentina to First Quantum Metals (TSX: FM; LSE: FM) earlier this month, Lumina’s founder and largest shareholder, Ross Beaty, is making…
B2Gold to acquire Papillon Resources
Over the last six years, B2Gold (TSX: BTO; NYSE-MKT: BTG) has looked at scores of properties that it considered adding to its portfolio of assets, which includes two mines in Nicaragua, one mine in the Philippines, another under construction in…
TSX soars, June 9-13
The Toronto Stock Exchange climbed near the record high it reached six years ago, with the S&P/TSX Composite Index adding 163 points to end at 15,001.61, slightly below the record close of 15,073 set in June 2008 before the recession.
Euromax set to build Macedonia’s first ‘modern mine’
VANCOUVER — London-based Euromax Resources (TSXV: EOX) is on the verge of making history by building the first modern-day mine in Macedonia. The company has tabled a prefeasibility study on its Ilovitza gold–copper…
Timmins Gold execs under fire from Sentry
VANCOUVER — Gold miner Timmins Gold (TSX: TMM; NYSE-MKT: TGD) is being targeted by dissident shareholder Sentry Investments in a proxy fight that aims to replace six of the firm’s eight board members.
Pilot hits oxide gold at Kinsley, pursues Cadillac
VANCOUVER — With just a few holes Pilot Gold (TSX: PLG; US-OTC: PLGTF) has defined another gold zone at its Kinsley Mountain gold project in Nevada, just a kilometre away from the high-grade Western Flank zone it discovered less than a…
Another Turkish porphyry for Pilot and Teck
VANCOUVER — With its first hole into a new target, Pilot Gold (TSX: PLG; US-OTC: PLGTF) has found a copper–gold porphyry at its TV Tower project in Turkey, reinforcing the district-scale potential of the large land package.
Banro faces proxy battle
Just as it’s about to bring a second gold mine in the Democratic Republic of Congo (DRC) into commercial production, Banro (TSX: BAA; NYSE-MKT: BAA) is facing a proxy battle from a dissident shareholder that claims the company is…
Hummingbird Resources to acquire Gold Fields’ Yanfolila
Exploration and development company Hummingbird Resources (LSE-AIM: HUM) is banking on becoming a near-term producer with the all-share acquisition of Gold Fields’ (JSE: GFI) Yanfolila project in southwestern Mali, an advanced-stage…