Report claims contamination of groundwater at Vancouver gold miner's flagship mine in Mexico may be more serious than previously thought.
Goldcorp Mining News
Stock rose 7.3% on Wednesday after the company announced Q2 results that beat expectations.
Two major gold stocks shot up by more than 40% in July, but there's been notable losers with Goldcorp dropping to fourth most valuable gold miner.
Vancouver miner hammered after 32% drop in output during the second quarter blamed on operational problems at its flagship Peñasquito mine in Mexico.
Kaminak became a prime takeover target in January after it announced a feasibility study on its high-grade Coffee gold project in the Yukon.
As part of the miner's strategy to grow gold production in Timmins, Northern Ontario, to over 250,000 ounces per year by 2020.
A gold bull market would be good for the badly battered TSX Venture exchange, which is heavily weighted with junior miners with gold projects.
Gold's nearly $100 jump early on and copper's 4.5% meltdown split mining investors' Brexit fortunes.
Early signs of activity include Kinross Gold's March decision to expand its Mauritanian gold mine and Goldcorp acquisition of junior Kaminak for $520 million in May.
Goldcorp, through its local subsidiary Peñasquito, is being singled out as the biggest water offender in the north-central Mexican state of Zacatecas.
The project, renamed NuevaUnion, would be one of the largest copper-gold-molybdenum mines ever-developed in Latin America.
Deals gives Goldcorp access to Kaminak's Coffee project, one of the most promising undeveloped gold projects in Canada.
Gold prices start the week off down, but are expected to pick up soon again.
A worker is missing following an accident at a Guatemala mine owned by Vancouver’s Goldcorp (TSX:G).
Outlook also remains negative for Barrick, but Newmont's growing portfolio, $2 billion-plus earnings potential even at much lower gold prices praised.
Gold miners to keep cutting cost, team up amid unusual market conditions that will continue boosting deals, says BMI Research.
President Mauricio Macri has revoked a 5% tax imposed by the previous administration on mining companies.
Tahoe Resources' founder and executive chair Kevin McArthur said the operations present "nice synergies".
Tahoe Resources has agreed to buy Canadian precious-metals miner Lake Shore Gold in an all-stock deal valued at Cdn$945 million ($678 million).
The biggest winner was Anglo American (LON:AAL), which briefly posted its biggest ever one-day percentage gain, closing later still 15% up compared to the previous session.
Goldcorp has announced it will permanently stop mining at its underground Dome mine, located near Timmins, Ont., as of this summer.
The precious metal is building on gains from earlier in the week, triggered mainly by escalating geo-political tensions in the Middle East and North Korea’s nuclear test.
Rival gangs are preying on a small community at Goldcorp's Los Filos gold mine in Mexico's Guerrero state leaving at least 26 people dead since mid-2014.
Underground scoop operator has died.
The 50/50 joint venture, momentarily named Project Corridor, is expected to help slash development costs as metal prices have dropped to multiyear lows.