News

Belo Sun getting closer at Volta Grande

Belo Sun Mining (TSX: BSX) was  close to seeing construction begin on its Volta Grande project in Brazil but due to recent events in Brazil’s Para State it will have to wait a few more weeks to see if it gets approval.


Trucks used to haul ore from the Ying mine to the mill. Credit: Silvercorp Metals

Silvercorp struggles with operational issues at Ying

VANCOUVER — It was a tough quarter for China-focused producer Silvercorp Metals (TSX: SVM) as the company grappled with staffing and cost issues at its flagship Ying silver mining district in the central province of Henan. The company…


An aerial view of Aura's San Andres  gold mine in Honduras. Credit: Aura Minerals

Aura improves ops, but seeks more funds

Aura Minerals’ (TSX: ORA) move to cut costs across its mines has contributed to promising third-quarter results, but the company still has operating and financing hurdles to clear before it can receive better market recognition, says CIBC…


Eldorado Gold to pick up Glory Resources

Eldorado Gold (TSX: ELD; NYSE: EGO) plans to acquire the remaining shares of Glory Resources (ASX: GLY) in order to take control of Glory’s high-grade Sapes project in Thrace, Greece, which lies 15 km from Eldorado’s Perama Hill…




Toronto Stock Exchange, Nov. 4-8

The S&P/TSX Composite Index was up 17 points to 13,378.33 for the period, as jobs data in Canada and the U.S. beat expectations and bolstered investor confidence. The loonie fell 0.27 of a cent to US95.32¢, after Statistics Canada…


MBAC shows Santana’s feasibility

MBAC Fertilizer (TSX: MBC; US-OTC: MBCFF) is de-risking its Santana phosphate project in Brazil, with a feasibility study showing that the company could, for US$427 million, build a 32-year operation producing 500,000 tonnes of granulated…




Trucks at the Detour Lake gold mine in northeastern Ontario. Credit: Detour Gold

Detour Gold slumps on weak 2014 outlook

Detour Gold (TSX: DGC; US-OTC: DRGDF) took a beating after publishing its first commercial earnings at the Detour Lake gold mine in northeastern Ontario, with its shares plunging 20% to a yearly low of $6.16, before closing at $6.35. But that…


A worker studies drill core at Quest Rare Minerals' Strange Lake project in Quebec. Source: Quest Rare Minerals

Quest unveils prefeasibility study for Strange Lake

With an anticipated capex of more than $2 billion and the high degree of uncertainty and risk that financial markets associate with producing rare-earth elements outside of China, Peter Cashin knew that unless a prefeasibility study on the…


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