Eldorado battles Q3 costs in China
Eldorado Gold (ELD-T, EGO-N) forecasts gold production this year from its operating mines in China, Turkey, Greece and Brazil will reach 660,000 ounces at cash operating costs of US$465 per oz.
South America
Batista chases gold in Colombia’s California
Brazilian metals and energy tycoon Eike Batista has had his sights set on Colombia’s red-hot California gold district for well over a year. In February 2011, Batista’s EBX Group — through Canadian subsidiaries AUX — paid…
MBAC advances shallow REO deposit in Brazil
Toronto-based MBAC Fertilizer (MBC-T, MBCFF-O) has carved out a near-surface and high-grade rare earth oxide deposit that includes niobium and phosphate in the municipality of Araxa in Brazil’s Minas Gerais state and plans to complete a…
Malaga plummets after production halt
Malaga (MLG-T) shares lost a third of their value after the company suspended production at its Pasto Bueno tungsten plant in Peru, as it wrestles to keep costs down following a recent power outage at its underground operation.
Red Eagle gets the cash to push ahead
Red Eagle Mining (RD-V) now has some deep pocketed investors believing in its ability to fast track its Santa Rosa gold project in Colombia into production.
Batista chases Colombia’s California gold district
VANCOUVER — Brazil’s metals and energy tycoon Eike Batista has had his sights set on Colombia’s red-hot California gold district for well over a year. Batista’s EBX Group — through Canadian subsidiaries AUX Acquisition…
Malaga plummets after stopping Pasto Bueno’s production
Malaga (MLG-T) lost a third of its value after temporarily suspending production at its Pasto Bueno tungsten plant in Peru, as it wrestled to keep down costs following a recent power outage at its underground operation.
Mirasol makes the grade with Patagonian silver
Argentina-focused silver-gold explorer Mirasol Resources (MRZ-V) has a budding joint-venture with U.S.-based producer Coeur d’Alene Mines (CDM-T, CDE-N) at the Joaquin silver-gold property in Argentina’s Santa Cruz province, 80 km…
Amarillo buys time for Mara Rosa in Brazil
VANCOUVER — President and CEO Buddy Doyle and his team at Amarillo Gold (AGC-V) have gained some breathing room in their fast-track development of the Mara Rosa gold project 320 km southeast of Brasilia, Brazil. The company filed a…
MBAC advances high-grade REO deposit
Toronto-based MBAC Fertilizer Corp. (MBC-T, MBCFF-O) has carved out a near-surface and high-grade rare earth oxide deposit that includes niobium and phosphate in the municipality of Araxá in Brazil’s Minas Gerais state and plans to…
Amerigo gets a boost from Q3 results
Amerigo Resources (ARG-T), which continues to produce copper and molybdenum from the tailings of Codelco’s 108-year-old El Teniente mine in Chile, saw its shares lift on the back of solid third-quarter production results.
Tahoe, Radius play snakes and ladders in Guatemala
When making a list of stable mining jurisdictions, you’d have to pause a while before adding Guatemala. The small Central American country emerged from civil war in 1996, but remains in its infancy as far as mining development and…