Posts Tagged ‘vancouver-based’

Shares in Nevun Resources Ltd. fell off the cliff this morning after the company issued a press release saying its 2012 production estimate from its Bisha copper-gold mine in Eritrea is half of what the mine produced in 2011. Full story

Fortuna Silver Mines boosted production by close to a third last year at its Mexico and Peru silver mines. Fortuna (NYSE:FM, TSE:FVI) said it produced 2.5 million ounces of silver in 2011, a 31% increase over 2010. Fortuna more than doubled its gold production to 7,000 ounces for a 174% increase over 2010. Full story

Aurizon Mines (TSE:ARZ) was down 1.82% today despite announcing a record year for gold production and strong growth prospects. Full story

First Quantum Minerals, the Vancouver-based copper miner embroiled in a dispute with the Congolese government over expropriation of one of its key assets, has sold its mines in the Central African country. First Quantum (TSE:FM) said Thursday that Eurasian Natural Resources Corporation PLC has agreed to pay US$1.25 billion for its Kolwezi tailings project, along with the Frontier and Lonshi mines and related exploration interests. ... Full story

Canadian Silvercorp Metals (TSX: SVM-News)(NYSE: SVM-News), China’s biggest silver miner that was accused this year of accounting and production fraud in anonymous letters to authorities, has retained independent consultants to confirm resource estimates at four of its properties. The Vancouver-based silver miner, which operates mainly in China, announced that it has hired AMC Mining Consultants (Canada) Ltd. and Golder Associates Ltd Full story

Taseko Mining should be hearing today from the Canadian Environmental Assessment Agency on whether the revised Prosperity Mine proposal can go ahead. Taseko Mines (TSE:TKO) estimates its proposed New Prosperity copper-gold mine, to built in near Williams Lake in British Columbia, would generate $9.8 billion in tax revenues for the federal and BC government over the next 20 years. Full story

Stock in Formation Metals (TSE:FCO) plunged 13% today after a European bank decided to terminate its loan agreement with the Vancouver-based company. The $79.5 million loan from BNP Paribas was to go towards construction of Formation's Idaho cobalt mine. Formation said the credit facility was terminated without the closing of the subject financing. Full story

Taseko Mines (TSE:TKO) estimates its proposed New Prosperity copper-gold mine would generate $9.8 billion in tax revenues for the federal and BC government over the next 20 years. The Vancouver-based company is taking another run at developing the $1.5-billion project after the federal government rejected it last fall Full story

- Mining is quite literally a rocky industry, and Lori McClenahan has certainly encountered her share of bumps on the way to becoming chief executive of St. Elias Mines, a Vancouver-based exploration company. Decades ago, McClenahan found herself as a single mother just out of high school Full story

Astur Gold's Salave gold project in northern Spain got a boost last week when National Bank initiated coverage on the Vancouver-based junior explorer. "With a renewed development approach, improved community support and a region and province in need of industry, we believe Salave is much better positioned to move forward to production than under previous owners," said National Bank. "We expect that Astur's discount to its peers ... Full story