Guyana Goldfields plummets after major quarterly miss
Shares of gold producer Guyana Goldfields (TSX: GUY) dropped as much as 38% on a weaker-than-expected performance during the third quarter from its wholly owned Aurora gold operation in western…
South America
US markets move higher, Oct. 28-Nov 1: Buenaventura, Rio Tinto, Southern Copper
The Dow Jones Industrial Average rose 1.44% to 27,347.36 and the S&P 500 Index increased 1.47% to 3,066.91. Spot gold gained 0.67% to US$1514.10 per ounce. Compania de Minas Buenaventura…
Advantage Lithium completes study on Cauchari
Advantage Lithium (TSXV: AAL) released the results of a prefeasibility study on its 75%-owned Cauchari project in northern Argentina’s Jujuy province. The prefeasibility study, announced in October, outlined an operation…
Newmont Goldcorp begins commercial production at Quecher Main
The Quecher Main project at Newmont Goldcorp’s (TSX: NGT; NYSE: NEM) Yanacocha gold mine in Peru has achieved commercial production ahead of schedule and under budget. The project will extend the life…
Chile in turmoil as tensions boil over
The worst unrest in Chile in a generation threatens to overturn assumptions about one of South America’s most stable countries and the world’s leading copper producer. All it took was…
Wealth Minerals and Rosatom sign MOU
Russia’s state nuclear group Rosatom and Canada’s Wealth Minerals (TSXV: WML) are working towards a partnership at the junior’s Atacama lithium project in northern Chile. The two companies signed a memorandum…
Atlantic Nickel plans 2020 production at Santa Rita in Brazil
Atlantic Nickel has updated the resource estimate for its wholly owned Santa Rita nickel-copper-cobalt restart project in Bahia, Brazil. Based on a 30,785 meter infill drill program, updated open-pit measured…
SolGold discovers porphyry system in Ecuador
SolGold has discovered a new copper-gold-silver-molybdenum porphyry system at its wholly owned Cisne Loja project in southern Ecuador. The company says it found mineralized outcrops that indicate the presence of…
Horizonte releases PFS on Vermelho
Vermelho — one of the largest and highest-grade undeveloped laterite nickel-cobalt resources in the world — will generate US$7.3 billion in total cash flow over 38 years, Horizonte Minerals (TSX:…
TSX Venture posts small gain, Oct. 14-18: Novo Resources, New Pacific Metals, BonTerra, Cobalt 27
The S&P/TSX Composite Index rose 0.30% to 542.43 during the trading week. Spot gold finished at US$1,489.60, up 80¢. Novo Resources jumped 33¢ to $2.80. The company recently reported positive…
US markets mixed, Oct. 14-18: Agnico Eagle, AngloGold Ashanti, Newmont Goldcorp
The Dow Jones Industrial Average fell 0.17% to 26,770.20, while the S&P 500 Index rose 0.54% to 2,986.20. Gold stayed relatively flat at US$1,489.60 per oz., up 0.05% for the…
Sprott Asset Management invests $2M in Kootenay Silver
Kootenay Silver (TSXV: KTN; US-OTC: KOOYF) has announced a $2-million investment from Sprott Asset Management through a non-brokered private placement of 7.7 million units at 26¢ per unit. Each unit consists…