Where did Nevsun’s gold go?
At a time of record high gold prices Nevsun Resources (NSU-T) had the unfortunate task of announcing to the market that it has a lot less gold in its deposit than it originally believed.
Gold
Atna’s underground mine project has open-pit potential
Atna Resources (ATN-T, ATNAF-O) will start commercial underground mine production at its Pinson mine project near Winnemucca in the fourth quarter of this year, but in the meantime it’s also exploring the possibility of developing an open pit…
Panoramic launches hostile bid for Magma Metals
An unsolicited takeover bid for Magma Metals (MMW-V, MMW-A) by Australia’s Panoramic Resources (PAN-A) sent Magma’s shares in Toronto up 76.5% to close at 15¢ on Feb. 3, with nearly three million shares changing hands.
Detour secures funds to build mine
Detour Gold (DGC-T) is raising $240 million in equity to finish building its Detour Lake mine near Cochrane, Ont., in hopes of becoming “Canada’s largest gold mining operation,” states the company’s president and CEO, Gerald Panneton, in a…
Roundup highlights new discoveries in BC, Yukon and Alaska
With the Association for Mineral Exploration British Columbia celebrating its 100th anniversary at this year’s Mineral Exploration Roundup in Vancouver, it was only fitting that most of the projects highlighted in the Tuesday sessions had long…
Patience and perseverance set to pay-off for Axmin?
Trying to build a gold mine in a sub-Saharan African country that has never had a modern mine is never an easy task. But the process seems to have been particularly arduous for Axmin (AXM-V).
Entourage gets first sniff of high-grade gold near Hemlo
Entourage Metals (EMT-V) has added a second drill rig to its Black Raven gold prospect in the Schreiber-Hemlo greenstone belt of northern Ontario following encouraging first-pass drill results.
Calibre and B2Gold hit long gold intercepts in Nicaragua
Calibre Mining’s (CXB-V) share price jumped to 50¢ from 19¢ with 42.5 million shares traded over two days after it announced three long gold-copper intercepts from its Primavera prospect in northeastern Nicaragua. B2 Gold (BTO-T)…
Hudson River gains 189% on Wawa gold
Shares of Ontario-focused explorer Hudson River Minerals (HRM-V) surged on assays from its recent drill program at the Forge Lake gold property, near Wawa, Ont.
Still lots to learn arounad Tasiast
With Kinross Gold’s (K-T, KGC-N) Tasiast gold project generating some negative headlines lately – to say nothing of the negative momentum of its share price – investors may be thinking that the shine is off Tasiast and gold mining in general…
Endeavour Mining set to grow following merger
Having just completed a merger with Adamus Resources in December, Australia-based Endeavour Mining (EDV-T, EVR-A) now has two producing mines in West Africa and several advanced projects in the pipeline.
Burkina’s gold hunt heats up
Burkina Faso has recently seen more gold mining due to its relatively stable government, favourable geology, modern mining code and attractive fiscal regime.