GoldQuest soars 313% on new discovery
GoldQuest Mining (GQC-V) shares spiked after revealing a monstrous gold intercept from its 15-hole program at the Las Tres Palmas project in the Dominican Republic.
Mexico and Central America
Time is not on Baja Mining’s side
There is “substantial doubt” that Baja Mining (BAJ-T, BAJFF-O) will be able to continue as a going concern, the company declared on May 16 in its first-quarter earnings analysis under a section entitled Risk Factors.
Inmet finances Cobre Panama under majority ownership
VANCOUVER — Toronto-based major Inmet Mining (IMN-T) has opted to retain its majority interest in the world-class Cobre Panama copper-gold project through development financing, as the company announced a hybrid plan that would see it…
More hot water for Baja Mining
Without additional funding by mid-June, the advanced-stage Boleo project in Mexico will be suspended, Baja Mining (BAJ-T) has warned shareholders. The announcement comes two weeks after the company declared a 22% increase in funding…
Revamped Virgin Metals improving Los Verdes
VANCOUVER — Back in 2008 Virgin Metals (VGM-V) was banking big on the high molybdenum price, marketing its advanced Los Verdes deposit in Mexico’s Sonora State as an exciting moly play and trying to rush it towards production.
Updated: Anti-mining protest fizzles at Fortuna’s San Jose mine
VANCOUVER — After boldly promising to indefinitely shut down Fortuna Silver Mines’ (FVI-T, FSM-N) San Jose mine in Mexico’s Oaxaca state, a group of between 80 and 120 protesters showed up at the mine site on Monday and were…
More hot water for Baja Mining
Without additional funding by mid-June, the advanced-stage Boleo project in Mexico will have to be suspended, Baja Mining (BAJ-T, BAJFF-O) has warned shareholders. The announcement comes two weeks after the company declared a 22% increase in…
Torex hits open-pit resource target at Morelos
VANCOUVER — Toronto-based Torex Gold (TXG-T) is navigating the often tricky waters that mark the transition between being an exploration outfit and a mine developer. With an updated resource estimate to kick-off May, and a bankable…
Ocean Park and Minaurum hit promising copper intercepts in Sonora state
VANCOUVER — Ocean Park Ventures (OCP-V) and Minaurum Gold (MGG-V) have released the first drill results from the Adelita project in Mexico since teaming up on it last year, with results showing some encouraging copper hits.
B2 Gold shows faith in Calibre
B2Gold (BTO-T) will help to finance Calibre Mining’s (CXB-V) exploration activities in Nicaragua by purchasing 20 million Calibre units for $5 million in cash.
Alamos has a good Q1 in Mexico
Alamos Gold (AGI-T) is off to a good start for the year, with record earnings and cash flows for the three months ended March, 31, 2012.
Agnico-Eagle gets the shine back
Once a company achieves upper-mid-tier status, as Agnico-Eagle Mines (AEM-T) has, it is faced with a different set of problems.