Yukon-Nevada on the rise
Yukon-Nevada Gold (YNG-T) shares saw a healthy boost following first quarter results and a recent $59-million financing, which will be used to upgrade its Jerritt Canyon gold mine in Nevada.
News
Pan Terra heads to southern Africa in search of gold, copper
From the ashes of a high-flying hydrogen fuel cell promotion and later a construction-site preparation and excavation business, Pan Terra Industries (PNT-V) has re-emerged as a mineral explorer.
Pilot Gold lifts off on Turkey play
A small market cap can be a wonderful thing as evidenced by the market action of two different companies in early May.
Quadra attracts Sumitomo to Sierra Gorda
Quadra FNX Mining (QUX-T) is hooking up with Sumitomo to develop the sizable Sierra Gorda copper-molybdenum project in the Atacama Desert of northern Chile.
Agnico-Eagle buys 18.6% of Mexico-focused Colibri
Major Canadian gold miner Agnico-Eagle Mines (AEM-T, AEM-N) has acquired six million shares and four million share purchase warrants of Nanaimo-based Colibri Resources (CBI-V), exploring for gold and polymetallic mineralization in northwestern…
Orvana gets its gold-copper mine rolling in Spain
Orvana Minerals (orv-t) got its northern Spanish El Valle-Boinas/Carles gold-copper mine and plant off the ground on May 31, and expects first shipment in June.
Inmet Mining’s Balboa zone excites the market
A high-grade intercept of 124 metres of 2.32% copper and 2.28 grams gold per tonne in the Balboa zone at Inmet Mining’s (IMN-T) Cobre Panama project is making Balboa a “contender” UBS Investment Research associate analyst Matt Murphy wrote…
Augusta Resource makes headway at Rosemont Copper project
The preliminary draft Environment Impact Statement on Augusta Resource’s (AZC-T, AZC-X) Rosemont Copper project near Tucson in Arizona has been delivered by the Coronado National Forest to the State of Arizona and local cooperating agencies,…
Sabina sells Hackett, looks to gold for future growth
Nunavut-focused explorer Sabina Gold & Silver (SBB-T) has signed a definitive agreement to sell its 100%-owned Hackett River silver-zinc project, located near the Bathurst Inlet in southern Nunavut, to the Canadian arm of Swiss mining…
Chidliak flaunts four new kimberlite discoveries
During this year’s $17.7-million diamond exploration program at the Chidliak project in Nunavut, joint-venture partners Peregrine (PGD-T) and BHP Billiton (BHP-N, BLT-L) found four new kimberlites: CH-52, CH-53, CH-54 and CH-55.
Fortuna Silver Mines ahead of schedule at San Jose, Mexico
Fortuna Silver Mines (FVI-T) started building its San Jose underground mine in southern Mexico in the second quarter of 2010 and now says it can increase its start-up production rate from 750 tonnes per day to 1,000 tonnes per day.
Mahdia successfully bids for historic Omai gold mine
Mahdia Gold (MGD-C) has won the bid for Guyana’s famed Omai gold mine, which under operators Cambior Resources and Golden Star Resources (GSC-T, GSS-N) produced nearly 4 million gold oz. over 13 years starting from 1993.