US Gold sees 6-year mine life at Gold Bar
US Gold (UXG-T, UXG-X) has completed a preliminary economic assessment on its Gold Bar project in Eureka County, Nev., that looks at producing 57,000 oz. gold per year from an open-pit mine and heap-l…
News
Fire River moves ahead on Nixon Fork tailings (May 10, 2010)
Now that Fire River Gold (FAU-V) has received promising results about leftover gold in the tailings at its fly-in Nixon Fork gold mine near McGrath, Alaska, the company is evaluating how much it will …
Largo secures US$150M for Maracas
VANCOUVER — Largo Resources (LGO-V) has conditionally secured more than half the needed funds to develop its 76%-owned Maracas vanadium-platinum-group-metals project in Brazil’s Bahia state.
Cline Mining raises cash for New Elk coal mine in Colorado
VANCOUVER — Cline Mining (CMK-T) has completed a $45- million financing on the heels of a preliminary assessment for its wholly-owned New Elk coal mine project in southern Colorado.
Gold Fields not as lucky as Centerra in Kyrgyzstan (May 10, 2010)
Investors hoping for a smooth transition of governments in Kyrgyzstan were disappointed that Gold Fields (GFI-N, GOF-L)had run into trouble in the Central Asian country.
Caspiche resources grow 23% (May 10, 2010)
Exeter Resource (XRC-T, XRA-X) has increased and upgraded resources at its sizable Caspiche gold-copper project in Chile.
TNM editor talks Aussie taxes on BNN
The Northern Miner editor John Cumming and Terence Ortslan, managing director of TSO and Associates, joined ho…
Belvedere Resources drills Kopsa gold project in Finland
Attractive drill results from the Kopsa gold project in Finland sent the shares of Belvedere Resources (…
Ventana settles La Bodega dispute (May 07, 2010)
Vancouver – Ventana Gold (VEN-T) announced the settlement of an ownership dispute at its La Bodega gold p…
Iamgold earns US$58.8 million in Q1
Although production was down slightly, Iamgold (IMG-T, IAG-N) saw net earnings rise 12% to US$58.8 million dur…
Rio Tinto invests US$235 million in Canada
Rio Tinto (RIO-N, RIO-L) stands to be one of the biggest losers if Australia passes a proposed 40% tax on wind…
Semafo cuts Samira Hill costs by $70 per oz.
Semafo (SMF-T) expects mining costs at its Samira Hill gold mine in Niger to be 30% cheaper after a $19-millio…