Iamgold’s Q3 profit misses the mark
Iamgold (IMG-T, IAG-N) took a hit after posting a weak third-quarter profit thanks to lower gold production and sales.
South America
Magellan’s bright outlook at Coringa
Magellan Minerals (MNM-V) has completed a preliminary economic assessment (PEA) of its Coringa gold deposit in Brazil’s Tapajos province. It concludes that strong economics justify moving the project to the feasibility stage, with a…
Andina jumps on Hochschild’s $103M takeover bid
Shares of Toronto-based junior Andina Minerals (ADM-V) have nearly doubled, as it has agreed to a $130-million, all-cash takeover by Peru-based precious metals producer Hochschild Mining (HOC-L).
Cuervo jumps back into action in Peru
CUZCO, PERU — Iron ore explorer Cuervo Resources (FE-C) may be on to something big as it drills off the Bob 1 zone, one of the two large targets on its flagship Cerro Ccopane iron ore property in southern Peru.
Andina jumps on Hochschild’s $103M takeover bid
Shares of Toronto-based junior Andina Minerals (ADM-T) nearly doubled as it agreed to a $130-million all-cash business combination with Peruvian-based precious metals producer Hochschild Mining (HOC-L).
Tinka on to new zinc discovery
Tinka Resources (TK-V) could be on to a new zinc find in Peru and the market is beginning to take notice.
Cashed-up Largo to enlarge stake in Maracas
A $10 million private placement that closed on Nov. 1 gives strategic metals junior Largo Resources (LGO-V) the juice it needs to purchase the remaining 10% of the Maracas vanadium project in Brazil that it doesn’t already own.
Teck wobbles in third quarter
Teck Resources (TCK-T, TCK-N) produced a record 99,000 tonnes of copper in the third quarter, up 29% year-on-year, but lower commodity prices and sale volumes for its steelmaking coal sent the miner’s adjusted net earnings down to $349…
Amerigo happy to live in Codelco’s shadow
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 rise after solid third-quarter production results.
Barrick fails to impress in Q3
Barrick Gold (ABX-T, ABX-N) has unveiled another disappointing quarter, where it continues to wrestle rising costs, project delays and shrinking profits, prompting investors that expected a better third quarter to drive down the stock.
Magellan’s bright outlook at Coringa
Magellan Minerals (MNM-V) has completed a preliminary economic assessment (PEA) on its Coringa gold deposit in Brazil’s Tapajos province, suggesting strong economics to move the project to the feasibility stage, with a construction…
Luna earning its due
It’s been a busy second half of the financial season for Luna Gold (LGC-T).