Rainy River hits feasibility milestone
Rainy River Resources’ (RR-T) president and CEO Raymond Threlkeld is touting the company’s Rainy River gold deposit in northwestern Ontario as “low risk and very high return.”
Gold
More trouble at Pascua-Lama
Investors are getting tired of complications at Barrick Gold’s (ABX-T, ABX-N) Pascua-Lama gold project, which is perched high up in the Andes, but not so removed from the earthly troubles of cost overruns and environmental challenges.
Northern Vertex plans for pilot production at Moss
VANCOUVER — Northern Vertex Mining (NEE-V) wants to get into production as soon as possible, and the junior has taken a big step in this direction with a preliminary economic assessment (PEA) of its Moss project in Arizona that lays…
Senegal gov’t hikes Teranga’s royalty rate
Teranga Gold (TGZ-T), which has been producing gold from its Sabodala open-pit gold mine in the Senegal since March 2009, has agreed to amend its stability agreement with the government to increase the royalty rate on production to 5% from 3%,…
Riverside forges alliance with Hochschild in Sonora
VANCOUVER — Vancouver-based project generator Riverside Resources (RRI-V) continues to add to its stable of strong partnerships in Mexico following a $2.5-million strategic alliance with London-based precious metal producer Hochschild…
Belo Sun shines more light on Volta Grande
Belo Sun Mining (BSX-T) continues its impressive string of resource updates at its wholly owned Volta Grande project in Brazil.
Falco finds gold in Horne’s old data
Falco Pacific Resource Group (FPC-V) secured a jewel of Canada’s mining history just as markets tightened. But rather than let the conditions get it down, the company wound up proving an old adage correct: necessity is indeed the mother…
Suriname approves new agreement with Iamgold
Early last month Iamgold (IMG-T, IAG-N) declared that it wanted to cut annual spending by $100 million through a combination of cost-cutting initiatives aimed at reducing mine operating costs, exploration expenditures and administrative…
Rainy River hits feasibility milestone
Rainy River Resources’ (RR-T) president and CEO Raymond Threlkeld is touting the company’s Rainy River gold deposit in northwestern Ontario as a “low risk and very high return project.”
Bears slam gold price
Gold bugs have been taking a beating of late, and it just seems to be going from bad to worse. The gold price entered official bear territory, falling more than 20% from its peak, crashing through the psychological barrier of US$1,500 per oz….
New milestone for OceanaGold
Earlier this week OceanaGold (OCG-T, OGC-A) declared that the first concentrate from its Didipio open-pit mine in the Philippines was en route to Japan.
B2Gold hits gold in new zone at developing Otjikoto mine
VANCOUVER – With its list of gold mines having just climbed from two to three following the takeover of CGA Mining and with a fourth mine under construction, B2Gold (BTO-T) expects to be churning out more than half a million ounces of…