Gold benefits from stumbling US dollar
Gold prices saw major gains over the May 31-June 6 report period as the U.S. dollar finally showed some weakness, especially against the Euro.Beginning on June 2, gold bugs enjoyed a three-day short-c…
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Argentine prospects bright for Tenke Investment Commentary
If the efforts of Tenke Mining (TNK-T) are any indication, the Lundin group stands a good chance of building on its earlier successes in Argentina, according to mining analyst Robert van Doorn of Loew…
Trivalence nets US$4.3M
The sale of 6,890 carats of diamonds has generated US$4.3 million for Trivalence Mining (TMI-V), operator and 85%-owner of the Aredor mine in Guinea, West Africa.The five parcels of diamonds sold for …
Financings arranged for Manhattan, Pacific Rim
Two high-profile explorers in Peru have topped up their tills with equity financings.A private placement of 3.1 million special warrants priced at $3.25 each is adding $10 million to the coffers of Ma…
Bonanza plans drill program
A drill program by Bonanza Silver (BZS-V) will test the Cornucopia Caldera project, northwest of Elko, Nev. As the company’s name implies, the program is aimed at finding “bonanza-grade epithermal sil…
Golden Phoenix evaluates gold resource
Having completed a resource estimate of the six main deposits at its Borealis project in western Nevada, Golden Phoenix Minerals (GPXM-O) is one step closer to beginning a feasibility study.The most r…
Gold prices cause dip in Nevada exploration
Falling gold prices have wreaked havoc with exploration budgets for most mining companies active in Nevada.The state produces in excess of 8 million oz. gold annually — more than 70% of America’s pro…
Placer Dome takes its lumps for Getchell merger
After shelling out US$1.1 billion to acquire Getchell Gold, Placer Dome (PDG-T) was on its way to increasing gold production from operations in Nevada. However, falling gold prices during the summer o…
Kalahari active in Silver Bell Morenci Grange finds local interest in Wenatchee
Buoyed by improved prices for base metals, Kalahari Resources (KLA-V) is planning a program of summer drilling designed to test a newly assembled land package in the world-famous Silver Bell Morenci m…
Jesuit mission time capsule for Silver Valley
A Jesuit mission built in 1848 on the banks of the Coeur d’Alene River in northern Idaho is helping scientists understand what the natural levels of lead and zinc were prior to mining.The discovery of…
Miners rally on economic news
Weaker-than-expected U.S. employment news sent the price of gold up, while the Dow Jones industrial average climbed 208.44 points, or 1.9%, to 10,735.57, during the report period ended June 6.Continue…
Miramar, Cambiex hot on Hope Bay’s potential
Having acquired the entire Hope Bay greenstone belt, 685 km northeast of here, in Nunavut, equal partners Miramar Mining (MAE-T) and Cambiex Exploration (CBX-T) are setting their sites on developing t…