Timberline Signs Definitive Purchase Agreement to Acquire Small Mine Development, LLC -
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Striking Peruvian miners to march on Congress
"Workers at Peru's third-largest copper pit threw their weight behind a nationwide strike that entered its fourth day on Thursday, as miners prepared to march on Congress to demand a bigger slice of corporate profits." More
Freeport-McMoRan Copper & Gold Inc. Declares Quarterly Cash Dividends on Common and Preferred Stocks -
"$0.4375 per share of FCX’s Common Stock (NYSE: FCX - News). $1.6875 per share of FCX’s 6¾% Mandatory Convertible Preferred Stock (NYSE: FCXprM - News). $13.75 per share of FCX’s 5½% Convertible Perpetual Preferred Stock." More
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Excellon Reports Third Quarter Loss of $1,660,395 -
"Excellon admittedly has faced some challenges of late: the work stoppage due to a strike at Penoles' Naica facility had an impact on the third quarter, and operations were temporarily suspended in mid May due to an unexpected underground water inflow," said Peter A. Crossgrove, Excellon's chairman. "However, the Company has risen to these challenges, and is surmounting them. Further, these events have made the completion of a $10 million private placement equity financing in mid May especially prudent. Excellon will continue to build on its fundamentals in the coming quarter. It will progress its work on the construction of the mill at Platosa, and pursue its exploration program." More
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Russian gold miner Polyus boosts 2007 revenues -
"Polyus Gold's (PLZL.MM: Quote, Profile, Research) core earnings rose 9 percent last year to $334.8 million as the company, producer of a quarter of Russia's gold, enjoyed record prices for the precious metal." More
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Fitch raises Freeport McMoRan rating on debt plans -
"Fitch Ratings on Friday raised its ratings for Freeport McMoRan Copper & Gold Inc (FCX.N: Quote, Profile, Research), citing the copper producer's expected debt reduction efforts." More
- October 26 | Item | E-mail
Citigroup raises Barrick, Freeport price targets -
"Citigroup analyst John Hill said he now pegged the share target of the world's largest gold producer Barrick at $48 per share, up from his previous estimate of $43 a share. Hill also raised Freeport's price target to $122 per share from $120 a share." More
- October 08 | Item | E-mail
Prudential downgrades AngloGold Ashanti -
"The brokerage has a $50 price target on the company's stock." More
- May 09 | Item | E-mail
Gold Fields has worst record in SAfrica mine deaths -
"Gold Fields (GFIJ.J: Quote, Profile, Research, Stock Buzz) has the worst mine death record in South Africa so far this year, with about half of a total of 85 deaths in the country's mines occurring at the group's operations, a senior official said." More
- July 03 | Item | E-mail
Pacific Rim Suspends Further Drilling in El Salvador Until Mining Permit Granted; Local Staffing Reduced -
"Pacific Rim Mining Corp. ("Pacific Rim" or "the Company") (Toronto:PMU.TO - News)(AMEX:PMU - News) has taken the first steps toward reducing its El Salvador work force in preparation for a slow down in exploration and investment activity on its El Dorado, Santa Rita and Zamora-Cerro Colorado gold projects in El Salvador. As the El Dorado drilling program consumed the bulk of the Company's direct exploration costs in El Salvador, the Company believes it is prudent to reduce its drilling expenditures and suspend drilling activity for the time being." More
- July 03 | Item | E-mail
Vista Provides Report on Status of Change of Land Use Permit for Paredones Amarillos Project and Expected Development Timetable -
"Vista Gold Corp. ("Vista") (TSX: VGZ - News; Amex: VGZ - News) reports on the status of the Change of Land Use Permit for the Paredones Amarillos Project in Baja California Sur ("BCS"), Mexico (as described in Vista's press releases dated April 30, May 8, and May 21, 2008) and the expected development timetable for the project." More
- July 02 | Item | E-mail
Western Goldfields Second Quarter Production on Target -
"The mine equipment and operations are performing as planned and gold production is continually increasing as we add more ore to the leach pad," reported Mr. Raymond W. Threlkeld, President and Chief Executive Officer. "Now that we have reached our targeted daily gold production we will focus our efforts on optimizing operations at the mine." More
- July 02 | Item | E-mail
Mongolia riots blur outlook for big Ivanhoe mine -
"Rioting in Mongolia's capital over alleged election fraud could further blur the timetable for getting government approval for Ivanhoe Mines' (IVN.TO: Quote, Profile, Research) big Oyu Tolgoi copper-gold deposit, analysts said on Wednesday." More
- July 02 | Item | E-mail
Eldorado's Bid for Frontier Successful -
"Paul N. Wright, President and Chief Executive Officer of Eldorado Gold Corporation ("Eldorado" or "we") (Toronto:ELD.TO - News)(AMEX:EGO - News), announced that as of 2:00 pm (Vancouver time) on July 2, 2008, approximately 157.3 million common shares of Frontier Pacific Mining Corporation ("Frontier") had been validly deposited to Eldorado's offer to purchase all of the outstanding common shares of Frontier (the "Offer")." More
- July 03 | Item | E-mail
AngloGold Ashanti Finalises Deal to Acquire 100% of Golden Cycle Gold Corporation -
"AngloGold Ashanti Limited ("AngloGold Ashanti") and Golden Cycle Gold Corporation (ARCA: GCGC) ("GCGC") are pleased to announce that shareholders of GCGC approved the merger with a wholly owned subsidiary of AngloGold Ashanti at the GCGC special meeting of shareholders held on 30 June 2008 in Victor, Colorado when GCGC shareholders representing 7,036,949 shares of GCGC common stock voted in favour of the merger. The merger will be effective at 0:01 on 1 July 2008." More
- July 01 | Item | E-mail
New Gold Completes US$1.6 Billion Business Combination with Metallica Resources and Peak Gold -
"Tremendous work has gone into completing the business combination between New Gold, Peak Gold and Metallica over the past three months. On behalf of the Board of Directors and Management, I would like to thank all of those involved for their hard work and dedication. I would also like to extend a special thank you to both Richard Hall and Clifford Davis for their leadership over the years at Metallica and New Gold respectively." More
- June 30 | Item | E-mail
IMPACT Announces Sale of San Sabino Concession in Zacatecas -
"IMPACT Silver Corp. ("IMPACT") (TSX VENTURE:IPT - News) announces that it has sold its 35% interest in the San Sabino concession in Zacatecas to Apex Silver Mines Limited ("Apex") for US$325,000 plus a retained 1% Net Smelter Return Royalty purchasable by Apex for US$1 million. San Sabino was not considered to be a core holding for IMPACT. IMPACT will retain a future benefit in the concession through its retained NSR royalty interest." More
- July 03 | Item | E-mail
Great Panther Appoints Former Mexican Senior Trade Commissioner as Vice President, Corporate Relations -
"Initially a market research analyst and then a financial planning specialist, Sergio Rios was Mexico's Deputy Trade Commissioner to the United Kingdom in 1989, before becoming the Senior Trade Commissioner in The Hague from 1999 to 2001, in charge of more than ten countries. Most recently, he was the Senior Trade Commissioner for Mexico in Vancouver, Canada from 2001 until mid-2008, in charge of western Canada and the Pacific north-western USA." More
- July 03 | Item | E-mail
Scorpio's Drilling on 9th Level of the Main Zone Reports 5.80 metres grading 308 g/t Silver, 11.52% Zinc, 1.73% Copper, 4.83% Lead and 0.192 g/t Gold -
"Scorpio Mining Corporation (TSX:SPM - News) is pleased to announce additional underground drill results, including a wide zone of mineralization, from the 9th Level of the Nuestra Senora deposit at the 100% owned Nuestra Senora project, Sinaloa State, Mexico." More
- July 03 | Item | E-mail
Indonesia to renegotiate mine contracts to raise income -
"Indonesia plans to renegotiate existing mining contracts to seek more revenue for the country, the country's energy minister said on Thursday, a move analysts said would hurt investment in the mining sector." More
- July 03 | Item | E-mail
Canada junior miners seen more prone to takeover -
"Tight credit conditions are keeping exploration-stage Canadian mining companies from raising capital, a development that could lead to more takeovers from larger players, according to a study released on Wednesday." More
- July 02 | Item | E-mail
SAfrican miners union sets August 6 strike date -
"South Africa's biggest miners union said on Wednesday it would down tools on August 6 in a national strike that could halt production in the world's biggest source of platinum and major gold producer." More
- July 02 | Item | E-mail
Benton Completes Airborne Survey Near Timmins, Ontario -
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- July 03 | Item | E-mail
Comprehensive Metallurgical Study Confirms Improved Recoveries, Ability to Produce High-Grade Nickel Concentrate at Victory Nickel's Minago Deposit -
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- July 03 | Item | E-mail
Mantis Mineral Corp. appoints Anthony Millo to position of Chief Financial Officer -
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- July 03 | Item | E-mail
Oromonte shareholders approve consolidation and name change -
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- July 03 | Item | E-mail
Firesteel and Blacksteel increase private placement financing to $3,300,000 -
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- July 03 | Item | E-mail
Pacific North West Capital and Benton Resources Complete Helicopter-borne Magnetic and VTEM Survey on the Swayze Nickel Project, ON -
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- July 03 | Item | E-mail
Temex commences 15,000 metre deep drilling program on Timmins gold project -
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- July 03 | Item | E-mail
Update Exploration - Flag Resources (1985) Limited, Sudbury, Ontario -
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- July 03 | Item | E-mail
Norsemont Mining Announces Constancia Infill Drill Results and Updates Progress with Definitive Feasibility Study -
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- July 03 | Item | E-mail
Olympus Assessing Financing Options for Phuoc Son Mine Development -
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- July 03 | Item | E-mail
Normabec Closes $ 1,65 M Non-Brokered Private Placement -
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- July 03 | Item | E-mail
VMS Reports 10.36% Copper Over 33.46 Metres in Deepest Intercept to Date at Reed Lake, Manitoba -
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- July 03 | Item | E-mail
CZM Intersects Unprecedented Mineralization During First Phase of 2008 Drilling at TAG Property -
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- July 03 | Item | E-mail
AXMIN Transfers its Interest and Retains a Royalty in Cape Three Points for Common Shares of Noble Mineral Resources Limited -
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- July 03 | Item | E-mail
First phase resource estimation announced for TEAL's Lupoto Copper Project in the DRC -
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- July 03 | Item | E-mail
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