Mines Management releases Montanore PEA
Vancouver – Mines Management (MGT-T) has outlined an economic mine plan for its Montanore silver-copper project but questions remain about getting the project permitted.
United States
Duluth Metals puts puzzle together with Franconia acquisition
Vancouver – In a significant land consolidation, Duluth Metals (DM-T) has reached an agreement to acquire Franconia Minerals (FRA-T) in a $77 million deal.
Walter Energy seals $3.3bn deal for Western Coal
Vancouver – Two weeks of intense negotiations and due diligence between Western Coal (WTN-T) and Walter Energy (WLT-N) has produced a formal $3.3 billion agreement to merge the two companies and create a leading metallurgical coal producer.
Fronteer Gold probes open pit at Northumberland
Open-pit test work at Fronteer Gold’s (FRG-T, FRG-X) Northumberland project in Nevada has returned 6.06 grams gold per tonne over 16.92 metres and 369.5 grams silver per tonne over 3.05 metres.
Evolving pulls long gold intercepts from Rattlesnake
Vancouver – Evolving Gold (EVG-V) has pulled very long gold intercepts from its Rattlesnake Hills project in central Wyoming.
Nyrstar to acquire Farallon
Vancouver – Emerging producer Farallon Mining (FAN-T) has agreed to a friendly takeover bid by zinc giant Nyrstar in an all-cash deal valued at $409-million fully diluted.
High grade hits at Long Canyon for Fronteer
Vancouver – Fronteer Gold’s (FRG-T) Long Canyon project in Nevada is churning out long, high-grade gold intercepts at six drill rigs work to complete a 70,000-metre drill program in the run-up to an initial economic assessment.
Glencore to buy US$30m in PolyMet stock
Vancouver – PolyMet Mining (POM-T, PLM-X) has agreed to sell US$30 million worth of shares to Glencore International as it works towards securing final permitting of its NorthMet open pit project in northeastern Minnesota.
Alaskan rock sample returns 50.80 grams gold for Rhyolite
Rock and soil samples from highly altered metasediments at the Paxson project in eastern Alaska have yielded s…
Newmont positions company for growth
With over US$6.7 billion in available liquidity at its fingertips, Newmont Mining (nmc-t, nem-n) is ready for …
Whistler project starts to shine for Kiska Metals
Vancouver – News of promising drill intercepts, ownership certainty, and positive metallurgical results can ea…
Premium hits more gold in Idaho
Premium Exploration (PEM-V) is finding more gold at its Friday-Petsite gold project in Idaho.The latest roun…