Goldsource closes in on production at Eagle Mountain
VANCOUVER — It’s all about profitable ounces for junior Goldsource Mines (TSXV: GXS; US-OTC: GXSFF) at its fledgling Eagle Mountain project, 230 km southwest of Georgetown, Guyana.
South America
Tahoe steamrolls through 2015
There’s no slowing down for Tahoe Resources (TSX: THO; NYSE: TAHO).
Mandalay shines in tough markets
It’s no surprise analysts have been praising Mandalay Resources (TSX: MND; US-OTC: MNDJF) for meeting its production guidance and paying dividends, which many competing juniors are struggling to do in the bleak commodity price environment.
Kinross defers Tasiast mill expansion
Kinross Gold (TSX: K; NYSE: KGC) has put its US$1.6-billion Tasiast mill expansion project on hold to keep its balance sheet intact in the current low gold price environment, with at least one analyst thinking the firm is considering other…
Yamana aims to apply ‘lessons learned’ at Cerro Moro
VANCOUVER — It’s become relatively rare to see intermediate gold producers commit capital to new developments, but Yamana Gold (TSX: YRI; NYSE: AUY) is bucking the trend at its Cerro Moro low-sulphidation epithermal deposit in Santa…
Coeur takes US$1B writedown in 2014
Coeur Mining (TSX: CDM; NYSE: CDE), the largest U.S.-based silver producer, reported a wider net loss for 2014 as it took a US$1-billion after-tax writedown in the fourth quarter, following weaker silver and gold prices.
Hudbay looks forward to big returns on investment in 2015
VANCOUVER — According to Hudbay Minerals (TSX: HBM; NYSE: HBM) president and CEO David Garofalo the past year marked a “turning point” for the company that will see roughly five years of expansion and capital investment…
Inca One’s Peruvian strategy poised to pay off
VANCOUVER — In early 2013, fledgling gold producer Inca One Gold (TSXV: IO; US-OTC: INCAF) shifted its business model away from exploration in a bid to benefit from a new mineral landscape in Peru. The decision was fuelled by President…
Southern Copper’s 2014 profit hit by lower copper prices
Southern Copper (NYSE: SCCO), controlled by Grupo Mexico, reported weak fourth quarter and full year 2014 earnings, largely due to a 7% drop in copper prices since 2013.
TSX gains momentum, Feb. 9-13
The Toronto stock market gained on the back of positive economic growth in Europe and better-than-expected data from Canadian manufacturers.
Kaizen sizes up Tower Resources
Since its reverse takeover in December 2013, junior explorer Kaizen Discovery (TSXV: KZD; US-OTC: CCNCF) has closed two acquisitions and is zeroing in on a third.
Tahoe launches friendly bid for Rio Alto Mining
After a brief courtship that started at the Denver Gold Forum in September 2014, Tahoe Resources (TSX: THO; NYSE: TAHO) and Rio Alto Mining (TSX: RIO; NYSE: RIOM) are tying the knot.