Santacruz lands US$28.4M deal to fund second mine
Santacruz Silver Mining (TSXV: SCZ) has signed a US$28.4-million prepaid silver-purchase agreement to help fund its San Felipe silver-lead-zinc project in Sonora state, Mexico.
Gold
Capstone tweaks Minto’s mine plan after permit delay
Capstone Mining (TSX: CS; US-OTC: CSFFF) is modifying the mine plan at its Minto copper-gold-silver mine in the Yukon, after announcing that it had not received its amended water-use licence from the Yukon Water Board to pre-strip the…
Editorial: Gold in Colorado
This September’s twin gold conferences in Colorado in some ways mark a new era for gold miners, with a new-found humbleness and overall confidence in the industry’s fundamentals.
TSX drops, Sept. 8-12
Canada’s main stock index fell during the trading week. The S&P/TSX Composite Index dropped 38 points to 15,531.58. The spot price for gold plunged US$40 to US$1,228.30, while the S&P/TSX Global Gold Index stayed relatively flat…
Drilling prices ‘not sustainable’: Major Drilling
Prices for drilling services have reached levels that are too low to be viable in the long term, said Francis McGuire, president and CEO of Major Drilling Group International (TSX: MDI), in the company’s most recent financial statements…
Tamarack North delivers for Talon in Minnesota
Over the last two years, the management team at Talon Metals (TSX: TLO; US-OTC: TLOFF) looked at more than 700 projects before it found one that it believed could be a company-maker.
Gainey Capital aims to fast-track El Colomo
VANCOUVER — Over two years ago Gainey Capital (TSXV: GNC) CEO David Coburn saw promise in a private Mexican precious metal operation 135 km southeast of Mazatlan — along the border of the States of Nayarit and Durango…
Turnaround picks up steam for Kirkland Lake Gold
Kirkland Lake Gold (TSX: KGI; US-OTC: KGILF) has come quite a way since its board set up a special committee in January to launch a strategic review of the company that included a potential sale.
At Phoenix in Red Lake, Rubicon says development risk is ‘behind us’
VANCOUVER — It’s been nearly three years since developer Rubicon Minerals (TSX: RMX; NYSE-MKT: RBY) started construction at its high-grade Phoenix gold mine in Ontario’s prolific Red Lake camp.
Broken Hammer funds Wallbridge’s exploration plans
It’s been a busy six months for Wallbridge Mining (TSX: WM; US-OTC: WLBMF).
Robust economics in GoGold’s PEA for Santa Gertrudis
After clinching a deal earlier this year to secure Animas Resources and its past-producing Santa Gertrudis gold mine in Mexico’s Sonora state, GoGold Resources (TSX: GGD) has released a preliminary economic assessment (PEA) outlining the…
Dundee: Premier ‘living up to its name’
When it comes to development-stage assets, those offering a combination of higher-grade, simple mining and low-operating costs, and favourable jurisdictions are typically the ones that are acquired by larger producers, analysts at Dundee…