Belo outlines more gold at Volta Grande
Belo Sun Mining (BSX-T) has recently tabled an initial resource estimate for its newly delineated South Block area at the Volta Grande gold project in Brazil’s Para State.
South America
Red Eagle hits high-grade infill at Santa Rosa
VANCOUVER — Colombia explorer Red Eagle Mining (RD-V) has hit encouraging high grade gold intercepts in a phase two drill program at its Santa Rosa project near Medellin, while the final drilling from the phase one program did not fare as…
Extorre to stagger Cerro Moro’s buildup
Extorre Gold Mines (XG-T, XG-X) is looking to build its Cerro Moro gold-silver project in Argentina’s Santa Cruz province in two stages and halve its start-up costs, but it could see less metal production during the…
Rio Verde to secure $15M for key projects
Rio Verde Minerals (RVD-T) aims to add $15 million to its coffers to help fund exploration and development at its key potash and phosphate projects in northern Brazil, by selling its shares at a premium. The company announced a…
Sandspring soldiers on at Toroparu
VANCOUVER — It has been a rough year for junior explorer Sandspring Resources (SSP-V) as its share prices have plummeted 67% or $1.60 over the past 52-weeks to a low of 57¢ in early May.
Candente Copper makes headway in Peru
On the last day of May, the Ministry of Energy and Mines of Peru granted Candente Copper (DNT-T, CCOXF-O) the permit it needs to complete drilling for the feasibility study on its Cañariaco Norte project, a porphyry copper deposit about…
Yamana Gold updates exploration in Chile
Of Yamana Gold’s (YRI-T, AUY-N, YAU-L) $125 million budgeted for exploration this year (a 10% increase over 2011), about $29.5 million or 23% is earmarked for northern Chile, where it owns 100% of the high-grade El Peñón…
Lumina finds new zones at Taca Taca
The discovery of two new zones of copper mineralization at the Taca Taca project failed to lift the share price of Lumina Copper (LCC-V) largely due to widespread anti-Argentina sentiment in the wake of President Cristina Fernandez’s…
Atico looks to repeat Fortuna’s success
VANCOUVER — Recently-listed Atico Mining (ATY-V) has joined the many new companies exploring for gold in Colombia, but the company plans to set itself apart with its management team and strategy.
Barrick slides on management changes
Barrick Gold (ABX-T, ABX-N) took a mild beating after it named a new chief executive in a move to bolster its share price, leaving some analysts wondering if turbulent waters lie ahead.
Xstrata copes with civil unrest in Peru
VANCOUVER — As with many developing countries, there is a natural resource duality in Peru that can trigger tension between pro-mining interests and local communities. Switzerland-based mega-miner Xstrata PLC (XTA-L) is stuck in the…
Drill results lift Continental Gold
Strong drill results from nine diamond drill holes at the Buritica gold project in Colombia sent shares of Continental Gold (CNL-T) up 28¢ or 3.9% to $7.38 apiece on June 4.