Cliffs goes after Spider
Iron ore and coal giant Cliffs Natural Resources (CLF-N) has raised its offer for Spider Resources (SPQ-V) by 27% to $109 million, putting a wrench in Spider’s plans to merge with KWG Resources (KWG-V…
Volume 96 Number 18 - Jun 21 - 27, 2010
Avalon soars on updated REE resource
Shares of Avalon Rare Metals (AVL-T, AVARF-O) rose 11.2% or 23¢ apiece to close at $2.28 on news that an updated resource estimate for its Nechalacho deposit at Thor Lake in Canada’s Northwest Te…
New Gold ups Q1 production by 41% (June 21, 2010)
New Gold (NGD-T, NGD-X) showed huge improvements during the first quarter of 2010, significantly increasing gold production and decreasing cash costs compared to the same period in 2009.
NMC Resource mines South Korean moly
Molybdenum prices are trading at US$17.10 per lb. and NMC Resource (NRC-V), which owns 100% of a producing molybdenum mine in South Korea, thinks it’s a good time to be investing in the metal.
Silver Standard completes Snowfield’s prelim assessment
Silver Standard Resources (SSO-T, SSRI-Q) already has the largest published in-ground silver resource of all publicly-traded silver companies with projects throughout Argentina, Peru, Mexico, Canada, …
New Pacific updates HNK resource
An updated resource estimate for the HNK gold project in southern China failed to impress shareholders, with shares of New Pacific Metals (NUX-V, NUXFF-O) dropping a penny or 1.5% to close at 67¢…
Letter to the editor
LETTER TO THE EDITOR
Coffee shows golden promise for Kaminak (June 21, 2010)
VANCOUVER — Kaminak Gold (KAM-V) spent 2009 sampling, trenching and mapping its newly acquired land package in the Yukon’s White Gold district. Now, the company is being rewarded for its patience in …
Wildfire hinders Capstone’s expansion plans at Minto
VANCOUVER — Capstone Mining (CS-T) was forced to suspend operations at its Minto copper-gold mine in the Yukon, when an out-of-control forest fire came within 6 km of the mine, but a back burn around…
ARMZ to take control of Uranium One
Russian state-owned miner JSC Atomredmetzoloto (ARMZ) has signed a deal to acquire a majority stake in Uranium One (UUU-T) in exchange for its interest in two uranium mines in southern Kazakhstan and …
US Gold expands El Gallo (June 21, 2010)
As US Gold (UXG-T, UXG-X) awaits the results of an initial resource estimate for its El Gallo silver project in Sinaloa state, Mexico, ongoing drilling on the Main zone is showing that mineralization …
Crystallex sells slice of Las Cristinas dream
Unable to get any traction on developing the fiercely disputed Las Cristinas gold deposit in Venezuela, Crystallex International (KRY-T, KRE-X) has sold two-thirds of its contested operatorship, appar…