News

Silver Standard working to develop multiple projects

Vancouver – With one of the largest silver resources around Silver Standard (SSO-T, SSRI-Q) has positioned itself well to benefit from rising silver prices, but it still faces the challenge of getting those resources out of the ground.


Potash One dealmaker Matysek turns his hand to B.C. gold

Fresh from the $434-million sale of his Saskatchewan potash explorer Potash One to German fertilizer giant K+S Aktiengesellschaft, Vancouver’s Paul Matysek is now turning his attention to a small gold explorer named Ocean Park Ventures (OCP-V),…


Initial resource for Probe Mines’ Borden Lake

Probe Mines (PRB-V) jumped 26¢ or 17.3% to $1.76 per share on news its Borden Lake gold project near Chapleau, Ontario contains about four million ounces of gold and nearly six million ounces of silver.


Prophecy Platinum gains on drill results

Shares of Prophecy Platinum (NKL-V, PNIKF-O) shot up 10.24% or 43¢ to $4.63 on drill results from its flagship Wellgreen deposit in the Yukon Territory, about 317 km northwest of Whitehorse.


Lower Q2 production at Eastplats’ Crocodile

Eastern Platinum (ELR-T) saw second-quarter production from its main Crocodile River platinum group metals (PGM) mine in South Africa’s Bushveld Complex shrink by one third, due to labour issues that led to a strike at the mine in early…


The overall winning shot of the Urubamba salt mine in Peru. Photo by Joe Brnobic

Photo contest winners announced

The winners of the 7th annual photo competition put on by Australia-headquartered mining consultancy Snowden have been announced.


People

American Vanadium – Ron Macdonald appointed a director.


Barrick stung by higher costs

Higher costs are pushing capital expenditure estimates higher for Barrick Gold’s (ABX-T, ABX-N) major growth projects at Pueblo Viejo, Pascua-Lama and Cerro Casale, the company reports.



Studying a map at Woulfe Mining's Sangdong tungsten-molybdenum project in South Korea, from left: Bill Kable, vice-president technical; Arne Rahnel, manager of projects; and Wang In Jeon, safety manager. Photo by Woulfe Mining

Woulfe advances Sangdong

With tungsten prices on the rise, Vancouver-based Woulfe Mining (WOF-V) is scrambling to restart the past-producing Sangdong tungsten-molybdenum mine in South Korea by late 2012.


Xstrata snaps up First Coal

Global coal giant Xstrata (XTA-L) has recently sealed a $147-million cash offer for privately-held First Coal and its northeastern B.C. coking coal assets.


Soaring Q2 profits for Uranium One

Uranium One’s (UUU-T) second-quarter profits surged 450% to US$29.7 million compared to the year-ago period, as revenue nearly doubled. 


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