Initial resource for Probe Mines’ Borden Lake
Probe Mines (PRB-V) jumped 26¢ or 17.3% to $1.76 per share on news its Borden Lake gold project near Chapleau, Ontario contains about four million ounces of gold and nearly six million ounces of silver.
Gold
TSX continues its slide despite gold’s shine
The August 15-19 period brought more hard times for Canadian investors as the TSX Composite Index resumed its downward plunge, falling 619 points to finish just a shade above the 12,000 mark at 12,007.47 points. The lone feel-good story was…
Barrick stung by higher costs
Higher costs are pushing capital expenditure estimates higher for Barrick Gold’s (ABX-T, ABX-N) major growth projects at Pueblo Viejo, Pascua-Lama and Cerro Casale, the company reports.
Standard Chartered says gold could hit US$5,000 per oz.
After a decade-long bull market “the gold mining industry has done little to bring on new supply,” Standard Chartered concludes in a new report, arguing that the gold market will be in deficit until at least 2015.
African Queen looks to repeat Pan African’s success
Irwin Olian is looking to strike it big in Africa yet again.
Golden Star looks to get back on track
Golden Star Resources (GSC-T, GSS-X) recently reported an initial resource estimate for its new Buesichem South deposit in Ghana, days after posting lower preliminary operating results for the second quarter.
Positive economics for Brazilian Gold’s Sao Jorge
Brazilian Gold (BGC-V) has taken a step forward with the release of a positive preliminary economic assessment (PEA) for its Sao Jorge gold project in the Tapajos region of northern Brazil.
Lydian outlines potential Armenian mine
Armenia-focused Lydian International (LYD-T) has outlined the potential to produce 1.6 million oz. gold from its Amulsar project in a preliminary economic assessment.
Richmont’s lacklustre Q2 results
Richmont Mines (RIC-T, RIC-X) had a difficult second quarter, posting a net loss of $30.9 million, or 92¢ per share, which included the previously released $28-million after-tax writedown on its Francoeur mine in Quebec.“The…
Goldcorp’s Penasquito yet to find its legs
Beset by a string of early production issues, Goldcorp (G-T, GG-N) is hurriedly working to ramp up to full production at its newest flagship mining asset, the Penasquito silver-gold-lead-zinc mine in Mexico’s Zacatecas State.
Midas explores consolidated Idaho gold property
Vancouver – Recently-launched Midas Gold (MAX-T) is working through a 20,000-metre drill program at its consolidated gold property in Idaho’s Stibnite-Yellow Pine district as it looks to prove up the project’s potential.
Great Panther re-starts concentrate shipments
Great Panther Silver (GPR-T, GPL-X) has started shipping silver-gold pyrite concentrates from its Guanajuato mine to a new buyer in Mexico. Shipments had been delayed because an overseas smelter with which Great Panther had a one-year contract…