Volume 99 Number 9 Apr 15 - 21, 2013

Argonaut Gold's El Castillo gold mine in Durango State, Mexico. Source: Argonaut Gold

Cost control drives Argonaut’s success

VANCOUVER — While many gold producers have been plagued by rising operating costs and shrinking profit margins, Reno-based producer Argonaut Gold (AR-T) has proven to be an exception to the norm. Though the company boosted year-on-year…

Mucho VMS for Atico in Colombia

VANCOUVER — In the midst of falling markets, Atico Mining (ATY-V) is bucking the trend with exciting drill results that keep adding to the junior’s share price momentum.

McEwen Mining CEO Rob McEwen (third from left) and senior vice-president Ian Ball (far right), with colleagues and visitors at the El Gallo silver-gold project in Mexico's Sinaloa state. Photo by Trish Saywell

More gold at El Gallo

McEwen Mining (MUX-T, MUX-N) has built one operating mine in Mexico, is in the midst of building a second that will start producing in mid-2014 and is exploring for more on its expansive 2.02 sq. km El Gallo complex in Sinaloa state.

A drill rig at Gold Canyon Resources' Springpole gold project in northwestern Ontario. Source: Gold Canyon Resources

Positive economics for Gold Canyon’s Springpole

VANCOUVER — For US$438 million, Gold Canyon Resources (GCU-V) could transform its Springpole project in northern Ontario into profitable gold-silver mine, according to a new preliminary economic assessment (PEA).

Banro's Twangiza gold mine in the Democratic Republic of the Congo's South Kivu province. Source: Banro

Banro eyes US$100M financing to get back on track

Banro (BAA-T, BAA-X) intends to secure a larger financing package of up to US$100 million to get its delayed Namoya gold project in the Maniema province of the Democratic Republic of the Congo (DRC) into production by year-end.   

An aerial view of AuRico Gold's El Chanate gold mine in Sonora, Mexico. Source: AuRico Gold

El Chanate writedown surprises AuRico shareholders

Despite a $127-million writedown of the El Chanate mine in Sonora, Mexico, Canaccord Genuity analyst Rahul Paul says he isn’t changing his investment thesis on AuRico Gold (AUQ-T, AUQ-N) and is maintaining his US$11 price target on the…

Endeavour works to win market favour

Endeavour Mining (EDV-T) has its own way of dealing with recent stingy market valuations for gold companies: the company puts its head down and digs.

Grey Fox grows for Brigus

Brigus Gold (BRD-T, BRD-X) looks to have a bigger gold property on its hands than it anticipated.

Drillers at First Point Minerals and Cliffs Natural Resources' Decar nicked project in central British Columbia. Source: First Point Minerals

First Point and Cliffs envision a nickel mine at Decar

VANCOUVER — A preliminary economic assessment (PEA) for the Decar project in central B.C. estimates an open-pit mine at the site could produce nickel commercially for joint-venture owners First Point Minerals (FPX-T) and Cliffs Natural…

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