Barrick takes US$8.7B impairment charge
Barrick Gold (TSX: ABX; NYSE: ABX) is writing down the value of its assets by US$8.7 billion and slashing its quarterly dividend in response to the recent decline in metal prices.
Gold
West Kirkland’s PEA at TUG hit by lower gold price
VANCOUVER — Nevada-focused gold explorer West Kirkland Mining (TSXV: WKM; US-OTC: WKLDF) has unveiled a preliminary economic assessment (PEA) for its TUG gold-silver deposit on the Long Canyon gold trend along the Utah-Nevada border in…
Edgewater stacks the gold ounces at Corcoesto in Spain
VANCOUVER — Edgewater Exploration (TSXV: EDW) is closing in on a production decision at its Corcoesto gold property in Galicia, Spain.
Workers strike at Tasiast; Kinross to pick up option at Las Pampas
News of a strike action at Kinross Gold’s (TSX: K; NYSE: KGC) troubled Tasiast gold mine in Mauritania brings the total number of strikes to three since the Toronto-based producer acquired its 100% stake in 2010.
Newcrest swallows A$6.2B writedown
Newcrest Mining’s (TSX:NM; ASX: NCM) warning in early June that it would be taking up to a A$6-billion writedown on its various gold mining assets around the world has come to pass, and the bite is a little deeper than first anticipated…
Candente eyes Cobriza to boost opportunities
The whole appears greater than the sum of its parts for Candente Copper (TSX: DNT), which is acquiring Cobriza Metals (TSXV: CZA; US-OTC: CBZMF) — a company it spun out in late 2011 — to survive and hopefully thrive in a harsh…
Semafo gets cash for Samira Hill
In a tough gold market, Semafo (TSX: SMF; US-OTC: SEMFF) has turned a non-core asset into cash.
Ecuador Gold and Copper boosts resources at Condor
VANCOUVER — The jurisdiction may not be ideal given recent events, but Calgary-based explorer Ecuador Gold and Copper (TSXV: EGX) is outlining some sizable resources at its Condor gold-silver-copper project in Ecuador’s Zamora…
Underground work delayed at Oyu Tolgoi
Shares in Turquoise Hill Resources (TSX: TRQ; NYSE: TRQ) plunged nearly 20% after the miner’s parent company Rio Tinto (NYSE: RIO; LSE: RIO) halted underground work at the Oyu Tolgoi mine until the Mongolian parliament…
NovaCopper defines open-pit mine in Alaska
NovaCopper (TSX: NCQ; NYSE-Arca: NCQ) — a junior explorer that NovaGold Resources (TSX: NG; NYSE-Arca: NG) spun out early last year to explore and develop its Upper Kobuk mineral projects in the Ambler mining district of northwestern…
The New Prosperity battle begins again
WILLIAMS LAKE, BC — Two very different scenes played out on opposite sides of the building hosting the public hearing on the proposed New Prosperity mine in the hours before the hearing got started.
Lake Shore Q2 earnings meet expectations
Highly anticipated second-quarter results are in, and Lake Shore Gold (TSX: LSG; NYSE-Arca: LSG) delivered.