Eldorado sees promising exploration results
Eldorado Gold (TSX: ELD; NYSE: EGO) has been keeping busy, with 106,500 metres drilled so far this year at its mine sites and exploration targets in China, Turkey, Brazil, Romania and Greece.
Asia
Turquoise Hill posts Q2, updates Oyu Tolgoi
Speaking on a conference call in mid-August from Ulaanbaatar, CEO Kay Priestly of Turquoise Hill Resources (TSX: TRQ; NYSE: TRQ) confirmed that development of the Oyu Tolgoi underground copper-gold mine was being delayed until matters including…
OceanaGold’s Didipio mine starts strong
Commercial production began in April at OceanaGold’s (TSX: OGC) Didipio mine in the Philippines, and in the second quarter the mine churned out 13,676 oz. gold and 5,710 tonnes copper. For the first six months of the year Didipio’s…
Azarga takes stake in Powertech
Azarga Resources, a Hong Kong-based private uranium investment firm founded by mining executive Andrew Molyneux, has bought 17.5% of Powertech Uranium’s (TSX: PWE; US-OTC: PWURF) outstanding shares and agreed to take a 60% stake in the…
JV’s phantom board haunts St. Augustine in the Philippines
Sometimes working with minority shareholders in joint-venture partnerships in Southeast Asia can present unusual challenges—a lesson St. Augustine Gold and Copper (TSX: SAU) is learning all too well at its enormous…
Alamos to buy Orsa for $3.5M
Cash-rich Alamos Gold (TSX: AGI; NYSE: AGI) has added Orsa Ventures (TSXV: ORN) to its shopping list.
Sherritt lands in the red in Q2
Sherritt International (TSX: S; US-OTC: SHERF) reported a second-quarter net loss of $10.7 million, or 4¢ a share, falling below earnings of $40.8 million, or 14¢ a share, a year ago.
Wheeler River wins more converts for Denison
Denison Mines (TSX: DML; NYSE-Arca: DNN) owns a 60% stake in the Wheeler River uranium project that lies between Cameco’s (TSX: CCO; NYSE: CCJ) Key Lake mill — the world’s largest high-grade uranium mill — and its…
Underground work delayed at Oyu Tolgoi
Shares in Turquoise Hill Resources (TSX: TRQ; NYSE: TRQ) plunged nearly 20% after the miner’s parent company Rio Tinto (NYSE: RIO; LSE: RIO) halted underground work at the Oyu Tolgoi mine until the Mongolian parliament…
Barclays: Hard landing in China unavoidable as stimulus deemed unsustainable
In a recent issue of Commodities Weekly, China economists at Barclays argue that slowing growth, waning business confidence and a recent tightening in liquidity conditions have increased the risk of a hard landing in China.
Eldorado hits the brakes on expansion, shares rises 23%
VANCOUVER — Eldorado Gold (TSX: ELD; NYSE: EGO; US-OTC: ELDXF) has joined a growing list of miners opting to cut back on exploration and development expenditures in the face of struggling commodities markets. The company announced on…
For Oceanic, it’s steady as she goes
Oceanic Iron Ore (TSXV: FEO; US-OTC: FEOVF) may be a junior trying to develop a costly iron ore project in remote northern Quebec during hard financial times, but over the last year management has come closer to tying up a deal with a potential…