Rubicon jumps on Agnico investment

Shares in Canadian junior Rubicon Minerals surged on Thursday morning after Agnico-Eagle Mines said after the close on Wednesday that it would buy a 9.2% stake in the company. Rubicon's main asset is the Phoenix deposit in the Red Lake region of...

Goldcorp earnings jump as output rises, hikes dividend again

Goldcorp, Canada's number-two gold miner, increased fourth-quarter adjusted net earnings by 128% year-on-year, after production and gold prices both rose, and also announced on Thursday it has raised its dividend again, this time by 11%....

Goldcorp output rose to record, targets 4Moz/y by 2015

Vancouver-based Goldcorp produced a best-ever 2,52-million ounces last year, and said on Monday it expects production will rise 60% over the next five years. Fourth quarter gold production came in at 686 300 oz, the firm said in a statement.

Junior Rubicon surges on 4Moz resource estimate

Shares in Vancouver-based Rubicon Minerals jumped as much as 30% on Monday, after the company announced an initial resource of 4,01-million ounces in the inferred category for a gold project in Ontario. The F2 Gold System at the Phoenix project...

Goldcorp predicts further gains for gold, doubles dividend

Vancouver-based Goldcorp, which announced a 100% dividend increase on Wednesday, expects further increases in the gold price over the longer term, although the yellow metal will likely stay volatile for a while, CEO Chuck Jeannes said in an...

Goldcorp turns gaze to next generation of growth

With its huge Penasquito mine in Mexico on track for commercial production in the third quarter of this year, and Pueblo Viejo – co-owned with larger rival Barrick – scheduled to start up in the Dominican Republic late next year, Canada's...

Full steam ahead for new mining projects

After the deep freeze of 2008 and early 2009, new mine and project activity in Canada is heating up again. Like their peers around the world, Canadian miners and developers responded to the financial crisis and low metals prices by closing mines,...

Goldcorp mulls openpit, more milling capacity at Red Lake

Canada's second-biggest gold miner, Goldcorp, expects to have a clearer picture by the end of next year of what its historic Red Lake camp, in north-west Ontario, will look like in the longer term, CEO Chuck Jeannes said on Thursday. The Red Lake...

Goldcorp CEO 'won't argue' with $1 200 - $1 500/oz gold in next few years

In one of the first interviews he gave after replacing Kevin McArthur as CEO of Canadian gold miner Goldcorp, in January, Chuck Jeannes went on record with a prediction that bullion prices would beat the all time record before the year was out....

Goldcorp pumps more money into projects

Canada's second-biggest gold-miner, Goldcorp, is accelerating spending on growth projects, as it enjoys the benefits of higher gold prices and easing costs, and after successfully raising around $840-million in a convertible note issue last...

Acquisition adds missing piece to Goldcorp's Red Lake plans

Plans by Canada's second-biggest gold-miner, Goldcorp, to buy explorer Gold Eagle Mines, for C$1,5-billion, locked into place an “important piece” of the company's future, and, in particular, its soon-to-be announced plans to optimise its...