Banro shares plummet as CEO exits, costs rise at Namoya
Banro (BAA-T, BAA-X) slumped nearly 22% after the gold explorer announced the sudden departure of its president and chief executive, Simon Village, after markets closed on March 6.
Gold
TrueGold makes good first impression
Riverstone Resources’ name change seems to be doing the trick.
Rio Alto rises on La Arena drilling
VANCOUVER – With its La Arena gold mine having just completed its first year of commercial production, Rio Alto Mining (RIO-T) is finding time to probe some nearby exploration targets and results from the first set of holes are promising.
PDAC: Survival tips for juniors
In a market, where majors are struggling to perform, there seems little hope that juniors will weather the storm, making strategies to survive a popular theme at this year’s Prospectors and Developers Association of Canada (PDAC)…
First Quantum’s annual profit hit by lower copper prices
VANCOUVER — Despite a 16% year-on-year jump in copper production Vancouver-based First Quantum Minerals (FM-T, FQM-L) told a familiar story during an annual report on its 2012 fiscal year: falling average realized copper prices and rising…
SilverCrest beefs up Santa Elena
Three important bits of information came out of SilverCrest Mines’ (SVL-V, SVLC-X) latest drill results from its Santa Elena project in Mexico.
Hecla trumps Alamos with deal to acquire Aurizon
VANCOUVER — Hecla Mining (HL-N) and Aurizon Mines (ARZ-T, AZK-X) started talking about a business combination in 2006, but couldn’t agree on the terms. However, they liked each other enough that they maintained contact, waiting…
San Miguel begs to be built
It has taken eight years, but Paramount Gold and Silver (PZG-T, PZG-X) CEO Christopher Crupi says the company’s San Miguel project in northern Mexico, about 300 km southeast of Hermosillo, has been well worth the wait.
Kaminak outlines fully funded 2013 program at Coffee
VANCOUVER — It is full steam ahead for Vancouver-based explorer Kaminak Gold (KAM-V) at its wholly owned Coffee gold project in the Yukon’s White Gold district. Fresh off its maiden resource, which cemented Coffee’s…
Thompson Creek looks challenges in the eye
First the good news: Thompson Creek Metals (TCM-T, TC-N) says it has enough cash to finish building its recently acquired Mount Milligan copper-gold mine project near Prince George, B.C., and that the project remains on target for start-up in…
New Amulsar resource as Lydian pushes towards production
VANCOUVER – Lydian International (LYD-T) is on the move in Armenia as it advances its Amulsar gold project towards production.
Unigold works to connect the golden dots at Neita
VANCOUVER – Drills continue to hit near-surface gold mineralization at Unigold’s (UGD-V) Neita project in the Dominican Republic.