[Update] Brigus to drive production growth
Brigus Gold (BRD-T) says gold production will increase as it ramps up the Black Fox mine and exploration efforts in Timmins, Ont.
South America
Galway hits “best gold intersect yet” at California
Vancouver – Galway Resources (GWY-V) has hit what it describes as the best gold intersect to date at its California project in Colombia.
Positive economics for Brazilian Gold’s Sao Jorge
Stillwater to buy Peregrine Metals
Peregrine Metals (PGM-T) saw its shares surge more than 250%, after U.S. platinum miner Stillwater Mining (SWC-N) agreed to pay US$487.1 million for the junior and its large undeveloped copper-gold project in Argentina.
Bear Creek loses Santa Ana
Already hit by a retreat in the silver price, a leftist presidential victory, and rumblings of local discontent, Bear Creek Mining (BCM-V) was broadsided on June 25 by the Peruvian government’s decision to revoke the licence for its Santa Ana…
Positive scoping study for Vaaldiam’s B3
Brazil-focused Vaaldiam Mining (VAA-T) has released a scoping study for its Braüna JV, in Bahia state, that estimates it would cost US$25 million to build a mine that would produce a total of 573,000 carats over a five-year mine life.
Gran Colombia offers up US$75 million of silver-linked notes
Gran Colombia Gold (GCM-T) is looking to issue up to US$75 million worth of what executive co-chairman Serafino Iacono calls “a creative and innovative financial instrument.”
Kinross leads majors for investments in junior gold plays
After betting US$7.1 billion last fall on the expansion potential of Red Back’s Tasiast gold mine in Mauritania, Kinross Gold (k-t, kgc-n) chief executive Tye Burt told reporters his company’s buying spree had come to an end for a while. “We’ve…
Orosur to buy Chilean artisanal gold mine
Orosur Mining (OMI-V, OMI-L) does things a little differently than its Canadian counterparts. For starters, the company’s head office is in Montevideo, Uruguay, where its chief executive officer, David Fowler, also resides.
Malbex finds new zone, wraps up drill program
Malbex Resources (MBG-V) wrapped up its 2010/2011 drill program at the Del Carmen gold-silver project in Argentina’s San Juan province, saying it now has enough data to calculate a resource estimate for the Rojo Grande target by year-end.
Bear Creek hit, fights back in Peru
Vancouver – Already hit by a retreat in the silver price, a leftist presidential victory and rumblings of local discontent, Bear Creek Mining (BCM-V) was broadsided on the weekend by the Peruvian government’s decision to revoke the license for…
Largo makes headway with vanadium venture
Largo Resources (LGO-V) acquired its Brazilian Maracas vanadium project in 2006. By 2008, Largo had taken the resource from 10 million tonnes to 23 million tonnes and completed a feasibility study. Between 2005 and 2008, the company’s market…