TSX finishes June 8-14 period higher
The return of investor confidence over global recovery had the TSX Composite Index finishing the June 8-14 per…
News
Goldcorp selling San Dimas, Escobal to juniors
VANCOUVER — Goldcorp (G-T, GG-N) has announced the sale of its San Dimas gold-silver mine in Mexico, a month after entering into a similar arrangement for its Escobal silver deposit in Guatemala.
Prophecy makes headway with Ulaan Ovoo in Mongolia
Prophecy Resource’s (PCY-V, PCYRF-O) Ulaan Ovoo coal project in Mongolia is expected to be in production this year, so it’s a good thing the company has secured rail loading facilities to transport co…
Kimber rises on positive Monterde economics (June 14, 2010)
VANCOUVER — Kimber Resources’ (KBR-T) Monterde project in Mexico could produce 813,000 oz. gold and 21.4 million oz. silver over a 13.4-year mine life, according to a preliminary economic assessment …
Romios explores next to Galore Creek (June 14, 2010)
Right now, nearly everything about Romios Gold Resources (RG-V) is small — its $1.3-million budget, its $15-million market cap and its 27-sq.-km Trek project– but the company believes that Trek’s lo…
Petra borrows US$78M
Leading rough diamond Petra Diamonds (PDL-L) hopes to treble annual diamond production to 3 million carats by 2019 with the help of a US$78 million loan from the International Finance Corp. (IFC) and …
IFC to invest in Argentex Mining
VANCOUVER — Argentex Mining (ATX-V, AGXM-O) has announced a proposed $7.3-million private placement by the World Bank’s International Finance Corp. (IFC) that will help further the development of its…
Drills expand Trevali’s Santander deposits
VANCOUVER — A 12,500-metre drill program at the Santander silver-lead-zinc project in Peru designed to boost confidence in the known resource, expand the deposits down-plunge and towards each other, …
Cliffs gets coy in Ring of Fire
While there were no earth-shaking events in the mining world for the first week of June, the industry continues to perk along, with plenty of M&A activity and ambitious exploration and mine develo…
Silver market strong in 2009: Silver Institute
When the levee breaks, a common safe haven for the investment community is gold. But according to the World Silver Survey 2010, prepared by GFMS for the Silver Institute, despite the financial bedlam …
Xstrata pulls plug on new investments in Australia
The backlash against Australia’s proposed Resource Super Profits Tax (RSPT) is starting to draw blood with Xstrata’s (XTA-L, XSRAF-O) decision to suspend US$495.2-million worth of investments in its W…
Anatolia secures Tunceli licenses
VANCOUVER — Anatolia Minerals (ANO-T) has secured full ownership of a group of mineral licenses in Turkey after a failed joint venture with Rio Tinto (RTP-N, RIO-L).