Anaconda sells iron ore assets to pay down debt
Anaconda Mining (ANX-T) has sold off its iron ore assets in Chile in a bid to pay down debt and get more focused on gold.
Gold
Kinross inks agreement in principle on Fruta del Norte
Kinross Gold (K-T, KGC-N) is finalizing a feasibility study on its Fruta del Norte project in southeastern Ecuador that will be completed before the end of the year and project costs and capital and operating costs are expected to exceed those…
Rye Patch locks horns with Coeur d’Alene
Shares of Rye Patch Gold (RPM-V) surged 84.4% to close at 71¢ yesterday on news that the junior had scooped lapsed mining claims from a subsidiary of major Coeur d’Alene Mines (CDM-T, CDE-N) in the Rochester mining district of Nevada.
Kofi results encourage Avion Gold
Drill results from the C zone of the Kofi property in Mali, West Africa show “excellent potential” for Avion Gold (AVR-T, AVGCF-O) to define a “near-surface, high grade, mineable gold deposit” says the company’s senior vice president of…
Virginia Mines a buy or hold near current levels: Cook, Casey
It is no easy task to find junior exploration companies these days with tangible assets and a share price that might not drop too significantly should the current market uncertainty be a mere prelude to a wide-scale financial system collapse.
Salazar reports high-grade from Ecuador
Diamond drilling at Salazar Resources’ (SRL-V) 100%-owned Curipamba volcanogenic massive sulphide project in Ecuador has yielded more high-grade precious and base metals over significant widths at the El Domo deposit, which remains open in all…
Sabina Gold boosts resources at Back River
A new resource estimate by Sabina Gold & Silver (SBB-T) at its Back River gold project in Nunavut has the company’s share price moving in the right direction.
Guyana Goldfields gets key licence
Guyana has issued its first large-scale mining licence in the gold sector since 1991 – giving Guyana Goldfields (GUY-T) the permission the company needs to build and operate its Aurora project.
Pretium boosts Brucejack resource to 31M oz. gold, 333M oz. silver
Pretium Resources (PVG-T) has increased gold and silver resources at its flagship Brucejack project in northwestern B.C. by as much as 460%, following a mid-year, 72,000-metre drill program.
AngloGold to buy 19% of Mariana
AngloGold Ashanti (AU-N) is all set to acquire a 19.9% interest in fellow Deseado Massif landholder Mariana Resources (MRY-T, MARL-L).
Armistice is on a roll
Shares of Armistice Resources (AZ-T) surged 55% to close at 24¢ on Nov. 24 after the company announced it expects gold production at its McGarry underground mine in Ontario to start in December, followed by gold sales in the first quarter…
Citation enters Guerrero gold belt
Yet another explorer is trying their hand at the Guerrero gold belt of southwest Mexico, with Citation Resources (CTT-V) signing an option agreement on a block of property there.