Volume 98 Number 43 Dec 10 - 16, 2012

Supporters of Astur Gold's Salave gold project at a November demonstration in the village of Tapia de Casariego in northwest Spain. The event was organized by a group called Trabajo Ya, Mina S (Yes to Work, Yes to the Mine). Source: Astur Gold

Astur gets positive EIS in Spain

Shares of Astur Gold (AST-V) jumped 50% to $1.08 on news that the Asturian government had issued a positive environmental impact statement (EIS) on its 100%-owned Salave gold project in Spain, which the junior describes as one of the largest…




An outcrop at Goldquest Mining' Las Tres Palmas gold project in the Dominican Republic. Source: Goldquest Mining

Goldquest sinks 37% on drill results

Shares of Goldquest Mining (GQC-V) have dropped every time the company has published new holes from its ongoing drill program at the Romero gold-copper target. 


A helicopter at Ucore Rare Metals' Bokan Mountain REE project  in southeastern Alaska. Source: Ucore Rare Metals

Ucore finishes Dotson Ridge PEA

Head of global research at Byron Capital Markets Jon Hykaway has raised his target price on Ucore Rare Metals (UCU-V, UURAF-O) to $1 per share — a 12-month estimate that he “still considers conservative” — after the…


The camp at Quest Rare Minerals' Strange Lake REE project in Quebec. Source: Quest Rare Minerals

Interview with Quest CEO Peter Cashin

Quest Rare Minerals (QRM-T, QRM-X) is advancing its Strange Lake rare earth element deposit in northern Quebec and expects to deliver a prefeasibility study on the project by year-end or early January, followed by a feasibility study in…


First Quantum produces first nickel at Kevitsa

First Quantum Minerals (FM-T, FQM-L) has started commercial production at its Kevitsa open-pit, nickel-copper mine in northern Finland. The wholly owned project is the company’s second major foray into nickel, following the 2011 relaunch…


Drillers at Amara Mining's Baomahun gold project ,180 km east of Freetown, Sierra Leone. Source: Amara Mining

Amara hedges its bets, not its gold

When Rand Merchant Bank contacted Peter Spivey three years ago about meeting with the legendary founder of Cluff Gold, now known as Amara Mining (AMZ-T, AMA-L), to see whether he could help the company with its troubled assets in West Africa,…


Workers at Inmet Mining's Cobre Panama copper project in Panama. Source: Inmet Mining

Inmet rejects First Quantum’s takeover bid

Inmet Mining’s (IMN-T) shares climbed after two announcements on Nov. 28 indicated the miner has turned down a second takeover bid from First Quantum Minerals (FM-T) and adopted a shareholder rights plan to provide more time to…


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