Positive drill results lift Argentum
Argentum Silver (ASL-V) got a boost after releasing its first four assays from the El Tajo vein on the Coyote silver-gold project in Mexico’s Jalisco State.
Mexico and Central America
Geologix looks at the bigger picture at Tepal
Vancouver — While largely focused on advancing its Tepal gold-copper project in western Mexico towards production, Geologix Explorations (GIX-T) has also been busy with regional exploration to improve the project’s long-term…
Yamana ups yearly profits by 17%
Yamana Gold (YRI-T, AUY-N) reported a US$89.5-million profit for the fourth quarter of 2011, a 28% decrease from the same period a year ago, thanks to a one-time US$81-million impairment loss on investments.
SilverCrest boosts Santa Elena production and La Joya resource estimate
Vancouver — SilverCrest Mines (SVL-V) is on a roll as rising production at its Santa Elena silver-gold Mine in Sonora, Mexico, and a 424% increase in silver-equivalent inferred resources has seen shares jump 33% to a $2.55 high over the…
Unigold’s Dominican gold intercepts draw interest
Dominican Republic-focused Unigold (UGD-V) saw its share price double on news of some impressive gold intercepts from its Neita property in the country’s northwest corner.
Salazar gains on Lundin’s investment
Salazar Resources (SRL-V) climbed 18% on news that Lundin Mining (LUN-T) acquired a 15.4% stake in the company by buying over 80% of Salazar’s $3-million private placement, consisting of 6 million units priced at 50¢ apiece.
Majescor hits high-grade silver in Haiti
Vancouver – Haiti-focused Majescor Resources (MJX-V) has announced several encouraging copper and silver hits over two days from its 71%-owned Somine project, sending its share price upwards.
Pan American looks to Minefinders
Driving down cash costs, generating immediate cash flows and building itself into the world’s largest primary silver producer sound like good enough reasons for Pan American Silver (PAA-T, PAAS-Q) to table a friendly takeover bid for fellow…
Merger of US Gold, Minera Andes goes ahead
When Rob McEwen first proposed the combination of US Gold (UXG-T, UXG-N) and Minera Andes (MAI-T, MNEAF-O) in June 2011, the chairman, chief executive and largest shareholder of both companies thought the deal easily could be completed by early…
Drilling at El Alamo lifts Galore
Strong gold numbers justify a more extensive exploration program at Galore Resources’ (GRI-V) El Alamo claim in Mexico, the company says.
Soltoro charges ahead in sunny Jalisco
Soltoro (SOL-V) may soon be garnering more well-deserved attention for its growing primary silver resource at the El Rayo silver-gold project here in Mexico’s Jalisco State.
Korean consortium buys into Inmet’s Cobre Panama
Korea Resources and LS-Nikko Copper are exercising their option for a 20% stake in Inmet Mining’s (IMN-T) Cobre Panama, a large, open-pit copper development project in Panama.