Aura plunges as it posts $18.7m Q1 loss

Vancouver-based Aura Minerals’ share price capitulated by over 50% on Wednesday, after the gold and copper producer reported an $18.7-million, or $0.08-a-share net loss for the three months to March 31. The TSX-listed firm blamed a structural...

SA improves in global mining ranking – survey

South Africa ranked 54th out of 93 global mining jurisdictions in this year’s Survey of Mining Companies, compiled by Canada’s Fraser Institute. This compared with South Africa’s 67th place out of 79 jurisdictions last year. South...

Fraser Institute poll names New Brunswick most attractive mining jurisdiction

New Brunswick has snatched the title as the most attractive jurisdiction to explore for minerals and build mines in the Fraser Institute’s yearly survey, jumping from last year’s position of twenty-third to beat Alberta. Of the 93...

Primero names new operations officer

Renaud Adams, Iamgold Americas operation VP joins Primero Mining as COO this week, the Mexican silver producer announced on Tuesday. Before taking up the VP role at TSX-listed Iamgold last year, Adams had been in charge of the company’s Rosebel...

Goldcorp more than doubles adj earnings, cuts output target

Vancouver-based Goldcorp increased second-quarter adjusted net income by 111% compared with a year earlier, helped by increased gold sales and higher prices, but has lowered its gold production forecast for this year. The company said it now...

Goldcorp estimates 1-2 wk disruption at Musselwhite due to forest fires

Forest fires near Goldcorp's Musselwhite mine in north-west Ontario could result in a one- to two- week production halt for the mine, but it is still to early to say for certain, a company spokesperson said on Friday. Goldcorp evacuated more than...

Aura awards feas study for Brazil copper/gold/iron project

Aura Minerals has hired SNC-Lavalin and its Brazilian subsidiary to complete a definitive feasibility study on the Serrote da Laje deposit at Aura's Arapiraca copper/gold/iron-ore project in Brazil. The feasibility study has begun and should be...

Nyrstar agrees to buy Canada's Breakwater

Toronto-based Breakwater Resources, which has said for some time it was looking for acquisitions, has now itself become a target, the company announced on Wednesday. Belgian smelting group Nyrstar will offer C$7 a share, or around C$619-million,...

Aura Minerals names interim CEO

Vancouver-based Aura Minerals has appointed independent director Tom Ogryzlo as interim chief executive officer from June 6, the firm said on Monday. Ogryzlo recently retired as vice-president for Latin America at Ram Power Corporation and is...

Breakwater still looking for deals

Canadian base-metals producer Breakwater Resources continues to look “very hard” for acquisitions but also sees opportunities to expand around its existing operations, CEO David Petroff said on Thursday. Breakwater produces zinc, copper, lead...

Goldcorp glistens as margins expand, output rises

Vancouver-based Goldcorp reported a big increase in first-quarter profit on Wednesday, helped by strong metals prices and rising production levels. In fact, the company boasts the biggest gold margin in the sector, at $1 206/oz of gold sold...

Aura Minerals to start feas study on Brazil copper/gold project

Vancouver-based Aura Minerals expects to complete a feasibility study for its Araparica copper/gold/magnetite project in Brazil later this year and will likely make a construction decision late in 2011 or early 2012, outgoing CEO Patrick Downey...