Capstone ‘gets it right,’ analysts say
Mid-tier copper producer Capstone Mining (TSX: CS; US-OTC: CSFFF) impressed analysts after posting record production results for the first quarter of the year.
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Kinross cuts Tasiast expansion costs
Kinross Gold (TSX: K; NYSE: KGC) has slashed the projected start-up costs of a mill expansion project at its Tasiast gold mine in Mauritania by 41% to US$1.6 billion, as shown in a new feasibility study, but intends to wait until 2015 before…
Copper production surplus expected for2014-15: ICSG
The following copper market forecast for 2014 and 2015 was released by the Lisbon-based International Copper Study Group (ICSG). For more information on the ICSG, visit www.icsg.org.
Copper Mountain up 11% on record Q1 production
Vancouver-based Copper Mountain Mining (TSX: CUM) saw its shares climb after revealing record first-quarter copper production at its 75%-held Copper Mountain mine near Princeton, B.C.
Denison’s drills hit new high-grade zone at Wheeler River
VANCOUVER — Denison Mines’ (TSX: DML; NYSE-MKT: DNN) Wheeler River property is already home to the high-grade and still-growing Phoenix deposit, which has 52.3 million indicated lb. uranium oxide (U3O8) at an average grade of 15.6%….
Allied Nevada hits the comeback trail
Allied Nevada Gold (TSX: ANV; NYSE-MKT: ANV) has been one of the more challenged operators in the gold sector in recent years, but its latest production results show a company on the comeback trail.
U.S. markets slump as gold rises, April 7-11
It was a weak showing for the U.S. markets, as the Dow Jones Industrial Average fell 388 points to 16,026.75, the S&P 500 was down 48 points to 1,815.69 and the Nasdaq Composite was off 111 points to finish up at 3,999.73.
Turquoise Hill, Rio Tinto expect a delay in Oyu Tolgoi’s financing
Turquoise Hill Resources’ (TSX: TRQ; NYSE: TRQ) CEO Kay Priestly says “good progress continues to be made” with the Mongolian government to resolve outstanding shareholder issues at the company’s 66%-held Oyu Tolgoi…
Source finds more gold at Las Minas in Mexico
VANCOUVER — A small drill program has returned a big result for Source Exploration (TSXV: SOP), in the form of a lengthy, well-mineralized intercept from its Las Minas gold–silver–copper project in east–central Mexico.
Metals, mining and money markets
Spot pricesCourtesy of ScotiabankTuesday, April 15 2014 Precious MetalsPrice…
Copper One picks up Troilus from First Quantum
VANCOUVER — Stan Bharti and his merchant banking team at Toronto-based Forbes & Manhattan appear to be on the lookout for past-producing copper assets. Roughly six months after grabbing a major share position in junior Kombat…
Perseus puts out fireat Edikan in Ghana
A fire has put operations on hold at Perseus Mining’s (TSX: PRU; US-OTC: PMNXF) Edikan processing gold plant in Ghana, but the company says things are under control.