Panoramic buys Wilsons for A$8m

ASX-listed Panoramic Resources has acquired the Wilsons gold project, in Western Australia, for A$8-million from fellow listed Apex Mining. Apex had identified the project as a noncore asset, as it was not currently in production, but Panoramic...

Ivanhoe to launch $1.8bn rights offering

TSX-listed Ivanhoe Mines, which is majority owned by Rio Tinto, said on Wednesday it would launch a rights offering to raise about $1.8-billion. The rights offering to existing shareholders formed part of a funding agreement to enable Ivanhoe to...

Newmont cuts spending on Peru mine project

Newmont Mining Corp said on Wednesday it will cut capital spending on a controversial gold mine project in Peru by two-thirds for the 2012/13 period because of delays caused by government and environmental reviews.CEO Richard O'Brien told...

Romarco says Haile EIS decision delayed to 2013

TSX-listed Romarco Minerals on Wednesday said it would now only receive a decision on its Federal 404 Wetlands permit for the Haile gold project, in South Carolina, on August 16, 2013. In February, Romarco said it expected permitting at the end...

McEwen seeks to soothe investors on Argentina uncertainty

TSX-listed McEwen Mining CEO Rob McEwen on Tuesday moved to put out fires recent Argentina government policy decrees sparked in the investment community. In a specially held telephone conference, he lamented the unforeseen changes to Argentina...

Seared Canadian Malartic operation returns to full operation

TSX-listed gold producer Osisko Mining on Wednesday reported its Canadian Malartic mill returned to full operation on May 19, following a fire that damaged the No 4 cyclone set ten days ago. Equipment and building damage from the fire is...

EPA report ‘pure hubris’, says Northern Dynasty CEO as shares capitulate

Shares in Northern Dynasty dropped like a stone on Tuesday, after a US government draft environmental report raised concerns about the contentious Pebble copper project in Alaska, which it owns half of. The Pebble project, which the...

PanTerra starts processing at Las Lagunas

ASX-listed gold miner PanTerra Gold has started processing at its Las Lagunas gold/silver project, in the Dominican Republic. High-grade refractory tailings from the Pueblo Viejo mine were currently being fed into the Albion carbon-in-leach (CIL)...