Goldcorp drops $35M into Auryn
Goldcorp (TSX: G; NYSE: GG) is taking a 12.5% stake in Auryn Resources (TSX: AUG; US-OTC: GGTCF) for $35 million — a sum that will be used to fund a…
South America
Best gold stocks on TSX in 2016
While the gold price erased most of the headway it made in early 2016, it still exited the year up 8.5% at US$1,150.90 per oz., snapping three years of consecutive…
Great Panther to buy Coricancha from Nyrstar
VANCOUVER — Silver miner Great Panther Silver (TSX: GPR; NYSE-MKT: GPL) has struck a deal with Nyrstar to acquire the European smelting giant’s shuttered Coricancha polymetallic mine complex, 90 km…
Yamana’s spin-out of Brio Gold draws limited interest
VANCOUVER — Yamana Gold’s (TSX: YRI; NYSE: AUY) efforts to monetize most of its stake in newly public Brio Gold (TSX: BRIO) have, once again, failed to generate much market interest. The company has been…
Site visit: Antioquia Gold pushes Cisneros to production
MEDELLIN, COLOMBIA — It’s full steam ahead for Antioquia Gold (TSXV: AGD; US-OTC: AGDFX) at its Cisneros high-grade gold mine under construction 2 km east of the town of Cisneros…
Greenstone buys majority of Coro Mining’s latest financing
A private equity firm specializing in the mining and metals sector run by former executives of Xstrata and J.P. Morgan has bought most of the shares that Chile-focused Coro Mining…
Guyana Goldfields restructures debt to boost financial flexibility
Guyana Goldfields (TSX: GUY) lightened its debt load just before the new year. Guyana Goldfields, which operates the Aurora gold mine in Guyana, has refinanced its US$160-million debt facility dated Sep….
Eco Oro files for arbitration against Colombian gov’t
Eco Oro Minerals (TSX: EOM) claims the Colombian government has eviscerated its US$250-million investment in the country and is filing for international arbitration. The Vancouver-based junior has been developing its…
Continental Gold finishes permitting Buritica
Continental Gold (TSX: CNL; US-OTC: CGOOF) shares have seen a boost since the company announced it has received the last two approvals needed to wrap up major permitting at its advanced …
TSX dips, Nov. 28-Dec. 2
The S&P/TSX Composite Index fell 0.2% to 15,052.52, despite a surge in oil prices and a decent jobs report. The S&P/TSX Global Mining Index fell 0.9% to 65.19, while the…
Miner Moments #6: U308 CEO Richard Spencer warns of ‘North American arrogance’ in South America
In this clip from our “Focus on Argentina” symposium in Toronto in late September, Richard Spencer, president and CEO of uranium explorer U3O8 Corp., speaks his mind on Barrick Gold’s…
Site visit: Minera IRL’s Ollachea shows potential despite boardroom battles
OLLACHEA, PUNO PROVINCE, PERU — Women sift through slate muck piles, raking through the debris with a fork in one hand and a water hose in the other, looking for…