Gold

Newstrike outlines maiden resource at Ana Paula

VANCOUVER — It has been a wild ride for Vancouver-based explorer Newstrike Capital (NES-V) at its flagship Ana Paula gold-silver project along the emerging gold belt in Guerrero State, Mexico. After acquiring the project roughly three…



Barno's Twangiza project in the Democratic Republic of Congo. Source: Banro

Banro eyes US$100M financing to get back on track

Banro (BAA-T, BAA-X) intends to secure a larger financing package of up to US$100 million to get its delayed Namoya gold project in the Maniema province of the Democratic Republic of the Congo (DRC) into production by year end.   



Workers oversee development at the Baomahun project in Sierra Leone. Source: Amara Mining

Amara delivers on promise

In an interview in Toronto with The Northern Miner last year, Amara Mining (AMZ-T, AMA-L) chief executive Peter Spivey predicted the company would release an updated resource estimate defining a large mineralized sulphide deposit underlying…


Gold is poured at Crocodile Gold's Union Reefs mill in Australia's Northern Territory, 185 km southeast of Darwin. Source: Crocodile Gold

Crocodile uses debt to fund growth in Oz

Australia-focused Crocodile Gold (CRK-T) is looking to fund development through debt. The company is issuing $30 million in convertible debt that would pay interest at a 5% rate.


Rubicon cheers Ontario decision

Rubicon Minerals (RMX-T, RBY-X) is applauding the Ontario Court of Appeal’s move to reverse a lower court’s 2011 decision in the Keewatin case that said the provincial government could not approve resource development in the…


Hope Bay springs eternal for TMAC

VANCOUVER — In a few short months, privately held TMAC Resources has acquired a large gold project in northernmost Canada, signed a memorandum of understanding (MOU) with the Inuit association that owns the project lands, added $35…


Argonaut’s commitment to cost control drives success

VANCOUVER — As many gold producers are plagued by rising operating costs and shrinking profit margins, Reno-based producer Argonaut Gold (AR-T) has proven to be an exception to the norm. Though the company boosted year-on-year gold…



A gold pour at Nevsun's Bisha mine in Eritrea. Credit: Nevsun Resources.

Nevsun Resources and its heaps of cash

Last year marked the second year of production at Nevsun Resources (NSU-T, NSU-N) 60%-owned Bisha mine in Eritrea and already its balance sheet is the envy of many companies in the industry.  



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