Volume 100 Number 9 Apr 14 - 20, 2014

Ecuador Gold boosts resource at Santa Barbara ahead of PEA

VANCOUVER — Development potential is coming into focus for Toronto-based explorer Ecuador Gold and Copper (TSXV: EGX) at its flagship Santa Barbara gold–copper porphyry deposit along the Zamora belt in southeastern Ecuador. On March…

Image taken from a Mosaic Company presentation. Credit: Mosaic

Mosaic cuts 51 workers across Saskatchewan

Mosaic’s (NYSE: MOS) decision to lay off 51 workers across its potash division in Saskatchewan — or just under 2% of its workforce in the province in Western Canada — is not as dramatic as Potash Corp. of Saskatchewan’s…

A haul truck at Capstone Mining's Pinto Valley copper-moly-silver mine in Arizona. Credit: Capstone Mining

Capstone more than doubles Pinto Valley mine life

VANCOUVER — Six months after buying the Pinto Valley mine, Capstone Mining (TSX: CS; US-OTC: CSFFF) has shown that the copper–molybdenum–silver mine can be operated for at least eight extra years and produce a billion more…

Processing facilities at African Barrick Gold's Bulyanhulu gold mine in northwest Tanzania. Credit: African Barrick Gold

Is African Barrick Gold getting on track?

There is no denying that it has been a rough ride for African Barrick Gold (LSE: ABG; US-OTC: ABGLF) since the company first listed in the London Stock Exchange in early 2010.

Nighthawk Gold's Indin Lake gold property in the Northwest Territories. Credit:   Nighthawk Gold

Nighthawk has golden plans for Indin Lake

When David Wiley took the helm at Merc International Minerals in August 2010, the company had one small property in the Indin Lake greenstone belt in the Northwest Territories, 200 km north of Yellowknife.

Rio Alto Mining's La Arena gold mine in Peru, 480 km northwest of Lima.  Credit:  Rio Alto Mining

Rio Alto keeps its profit and cuts costs

Rio Alto Mining (TSX: RIO; NYSE: RIOM) may have missed its earnings estimate, but it still showed the market it could turn a profit in a lean gold-price environment.

A Banro employee examines drill core at the Namoya gold mine in the Democratic Republic of Congo. Credit: Banro

Namoya boosts Banro’s gold reserves 53%

Toronto-based Banro (TSX: BAA; NYSE-MKT: BAA) has published an initial reserve estimate for its new Namoya gold mine in the Democratic Republic of the Congo, pushing up company-wide reserves by 53% to 2.36 million oz.

The new deepwater, multi-user iron ore dock under construction in Sept-les, Quebec, where New Millennium plans to send iron ore from the Taconite project in the Labrador Trough. Credit: New Millennium Iron

New Millennium, Tata Steel show Taconite is feasible

VANCOUVER — The Taconite project feasibility study is complete, which means that in four months project-owner New Millennium Iron (TSX: NML) should know whether joint-venture partner Tata Steel will turn the Labrador Trough iron-ore…

Western Lithium's plant under construction in Fernley, Nevada, which will process hectatone clay from the Kings Valley project, 322 km away. The clay is used in the oil and gas industry and should generate cash for the company, which hopes to eventually produce lithium at Kings Valley. Credit: Western Lithium

Tesla drives momentum for Western Lithium

When electric-carmaker Tesla Motors (NASDAQ: TSLA) announced on Feb. 26 that it would build the world’s largest lithium-ion battery factory in the U.S., Western Lithium (TSX: WLC; US-OTC: WLCDF) surged 36% to 72¢ per share, with…

Verde Potash pushes Cerrado ahead

VANCOUVER — With a prefeasibility study in hand and a major funding deal arranged with the Brazilian government, Verde Potash (TSX: NPK; US-OTC: AMHPF) is pushing its Cerrado Verde project in Brazil towards production.

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