News

Community group in New Zealand worried about OceanaGold’s project

By analyst By Valentina Ruiz Leotaud A community group from New Zealand’s Waihi town, in the North Island’s Hauraki district, is expressing concerns over plans announced by OceanaGold Corporation (TSX/ASX: OGC) to mine for gold under the nearby open Martha pit. This week, the Melbourne-based company presented its project to the District Council. The Martha

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East Africa Metals and Luck Winner fail to agree on Ethiopian projects financing

By analyst By Valentina Ruiz Leotaud Vancouver-based East Africa Metals (TSX-V:EAM) revealed that its previously announced Ethiopian Project Financing Memorandum of Understanding with Luck Winner Investment Limited failed to materialize. In a press release, East Africa said that “despite the best efforts of both parties, negotiations failed to define a viable transaction that would be

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Avaaz launches campaign against Belo Sun’s massive Brazilian mine

By analyst By Valentina Ruiz Leotaud U.S.-based online activist network Avaaz launched a campaign to gather signatures to oppose the construction of the Volta Grande project, expected to become Brazil’s largest gold mine. Canada’s Belo Sun Mining Company (TSX:BSX) is behind the project, which is located in the Amazonic state of Pará. Even though it

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Randgold reports record year

By analyst By Valentina Ruiz Leotaud Randgold Resources’ Chief Financial Officer, Graham Shuttleworth, announced today that since the company declared its maiden dividend for the 2006 financial year, its dividends have increased by 1,900%. “Randgold Resources had one of the best years in its history of achievement and delivery in 2017, posting another production record

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