Teranga consolidates in Senegal
Teranga Gold (TSX: TGZ; US-OTC: TGCDF) finally has all of the Oromin Joint Venture Group (OJVG) in Senegal to itself.
News
Yellowhead lines up $8M for Harper Creek
Yellowhead Mining (TSX: YMI; TSXV: YMI) has announced an $8-million convertible debt financing with Calgary-based private firm Matco Investments to continue working on its flagship Harper Creek copper–gold–silver project in southern…
Coeur commits to royalty business
In an attempt to generate a higher margin, less volatile free cash flow and diversify its metal exposure and future avenues for growth, Coeur Mining (TSX: CDM; NYSE: CDE) is acquiring privately held Global Royalty Corp., which has interests in…
Macusani hits PEA milestone in Peru
VANCOUVER — Toronto-based junior Macusani Yellowcake (TSXV: YEL; US-OTC: MCYWF) is one step closer to a production decision at its 900 sq. km uranium portfolio, which lies 180 km northwest of the city of Juliaca in southeastern Peru. On…
Detour sinks on CEO’s exit
Detour Gold’s (TSX: DGC; US-OTC: DRGDF) CEO and founder Gerald Panneton has resigned without the company providing an explanation for his sudden departure, sending shares spiralling amid speculation that it may need more funds to ramp up…
Iamgold cuts power rates in Suriname, builds solar-power project
In August Iamgold (TSX: IMG; NYSE: IAG) reached an agreement with the Republic of Suriname to cut its power rate at the Rosebel mine from 20¢ per kilowatt hour to 14¢ per kilowatt hour.
Centamin eyes big African land position with Ampella bid
VANCOUVER — Gold producer Centamin (TSX: CEE; LSE: CEY; US-OTC: CELTF) has been searching for exploration upside in West Africa, and it looks like the company found a fit in Australian junior Ampella Mining (ASX: AMX; US-OTC: APMZF)…
Primero bids for Brigus Gold
VANCOUVER — It’s been just over two years since gold producer Primero Mining (TSX: P; NYSE: PPP) was outbid for the Young–Davidson gold mine in Ontario by AuRico Gold (TSX: AUG, NYSE: AUQ), but the company…
Blackwater looks far-off for New Gold
It looks as though New Gold (TSX: NGD; NYSE-MKT: NGD) will have to wait for more robust gold prices to get its Blackwater project into production.
Toronto Stock Exchange, Dec. 9-13
The S&P/TSX Composite Index fell 155.02 points, or 1.17% to 13,125.70, while the S&P/TSX Capped Diversified Metals & Mining Index shed 13.54 points, or 1.86%, to 715.01 points during the trading week. Gold moved in the opposite…
Zenyatta sinks on Albany’s resource estimate
Zenyatta Ventures (TSXV: ZEN) has published its first resource estimate on its 100% Albany vein-type graphite deposit in the Arc of Fire region within northern Ontario’s Porcupine Mining district, sending its shares sliding.
First Quantum delays Cobre Panama capex update
An update on all its development projects did little to assuage fears surrounding First Quantum Minerals’ (TSX: FM) most recent, expensive acquisition.