Gold Resource Corporation Intercepts High-Grade Gold and Silver, Including 1m of 37.2 g/t Gold and 1.8m of 15.7 g/t Gold, Expanding the La Arista Deposit -
William W. Reid, President of Gold Resource Corporation, stated, "The series of high-grade holes outside our initial mineralized material envelope appear to be indicating a potential significant expansion and one that might allow Gold Resource, in the near term, to double our previously stated mineralized material estimate of 1.6 million gold equivalent ounces*. We are particularly pleased with the continued high-grade gold intercepts." More
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Top News
Klondex Rejects Silvercorp's Hostile Takeover Bid
"Klondex Mines Ltd. (TSX: KDX - News) announced today that its Board of Directors is recommending that shareholders of Klondex Mines REJECT the unsolicited takeover bid from Silvercorp Metals Inc. (TSX: SVM; NYSE Amex: SVM) and NOT tender their shares to the Silvercorp Offer. Klondex shareholders need to “DO NOTHING” in order to reject the Silvercorp bid." More
Freeport-McMoRan Copper & Gold Inc. Declares Quarterly Cash Dividends on Preferred Stocks -
"Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX - News) today declares the following quarterly cash dividends payable on August 1, 2009 to holders of record as of July 15, 2009: •$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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Yamana Gold declares quarterly dividend -
"YAMANA GOLD INC. (TSX:YRI - News; NYSE:AUY - News; LSE:YAU - News) today announced its second quarter dividend of US$0.01 per share. Shareholders of record at the close of business on Tuesday, June 30, 2009 will be entitled to receive payment of this dividend on Tuesday, July 14, 2009. The dividend is an "eligible dividend" for Canadian tax purposes." More
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Buenaventura Files 2008 20-F -
"Compania de Minas Buenaventura S.A.A. ("Buenaventura") (NYSE: BVN; Lima Stock Exchange: BUE.LM), Peru's largest publicly-traded, precious metals mining company, announced today that it has filed its 2008 20-F with the SEC." More
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Standard and Poor's Assigns Gold Fields an Investment Grade Credit Rating -
"Standard and Poor's Ratings Services ("S&P") today assigned Gold Fields Limited ("Gold Fields") (JSE, NYSE, NASDAQ Dubai: GFI) with a 'BBB-/ A-3' long-term and short-term global corporate credit rating and 'zaA/zaA-1' long- term and short-term South Africa national scale corporate credit rating. The outlook is stable." More
- March 19 | Item | E-mail
RESEARCH ALERT-UBS upgrades Barrick Gold, 4 others -
"UBS upgraded five North American gold producers, including the world's largest gold miner Barrick Gold Corp, saying investor and speculative demand are boosting gold prices, even as jewellery demand falls and U.S. dollar strengthens." More
- February 04 | Item | E-mail
JP Morgan sets 2009 targets on 8 precious metal stocks -
"J.P. Morgan Securities introduced new price targets for 2009 on the stocks of eight of the gold and silver miners under its coverage, and cut its ratings on four of them." More
- January 16 | Item | E-mail
Jaguar Mining to Transfer Stock Listing to NYSE -
"Jaguar Mining Inc. ("Jaguar" or the "Company") (JAG: TSX/NYSE Arca, JAG.NT: TSX) announced it will transfer the trading of its common shares from the NYSE Arca exchange to the New York Stock Exchange (the "NYSE")". The Company has received approval from the NYSE and anticipates it will begin trading on the NYSE on July 6, 2009 under the current symbol "JAG". In light of this approval, the Company will seek to delist its common shares from the NYSE Arca Exchange. The Company will continue to be listed on the Toronto Stock Exchange." More
- July 02 | Item | E-mail
International Tower Hill Mines Retains Renmark Financial Communications Inc. -
"International Tower Hill Mines Ltd. ("ITH" or the "Company") (TSX-V:ITH - News)(AMEX:THM - News)(Frankfurt:IW9 - News) is pleased to announce that it has retained the services of Renmark Financial Communications Inc. of Montreal, Quebec ("Renmark") to handle its North American investor relations activities." More
- June 30 | Item | E-mail
Entree Gold Exploration Review -
"Entree Gold Inc. (TSX:ETG; NYSE Amex:EGI; Frankfurt:EKA - "Entree" or the "Company") has been active in the advancement of its properties in Mongolia, the United States and China. Exploration programs are still underway and further results will be reported after a complete tabulation of the data." More
- June 30 | Item | E-mail
Three-Year Collective Agreement Ratified at Northgate's Fosterville Gold Mine -
"Northgate Minerals Corporation (TSX: NGX, NYSE Amex: NXG) is pleased to announce that a three-year Employee Collective Agreement (the "Agreement") has been ratified by the Employee Collective, comprising of 190 production and maintenance employees for the underground and surface operations at the Fosterville Gold mine located in Victoria, Australia. This Agreement replaces the Australian Workforce Agreements and a temporary Greenfield agreement that was put into place in April 2008 when Northgate completed its conversion to owner mining from contractor mining." More
- June 29 | Item | E-mail
IAMGOLD Confirms Option Agreement on La Arena and Equity Position in Mexican Silver Mines Ltd. -
"IAMGOLD Corporation ("IAMGOLD" or "the Company") (TSX:IMG - News)(NYSE:IAG - News)(BOTSWANA: IAMGOLD) today announced it has acquired 8,024,511 common shares and 1,500,000 warrants of Mexican Silver Mines Ltd. ("Mexican Silver"), having had the same number of common shares and warrants of Rio Alto Mining Limited ("Rio Alto") immediately prior to the amalgamation with Mexican Silver announced on June 29, 2009." More
- June 29 | Item | E-mail
Klondex Rejects Silvercorp's Hostile Takeover Bid -
"Klondex Mines Ltd. (TSX: KDX - News) announced today that its Board of Directors is recommending that shareholders of Klondex Mines REJECT the unsolicited takeover bid from Silvercorp Metals Inc. (TSX: SVM; NYSE Amex: SVM) and NOT tender their shares to the Silvercorp Offer. Klondex shareholders need to “DO NOTHING” in order to reject the Silvercorp bid." More
- June 30 | Item | E-mail
MAG Silver Responds to Fresnillo Decision to Withdraw "Take-Under" Bid -
"In today's announcement Fresnillo suggested that its decision to not proceed with its "take-under" bid was motivated by uncertainty as to when or if the independent valuation of MAG's shares would be completed. In MAG's view, Fresnillo's decision to withdraw was motivated by much different considerations that Fresnillo has not been prepared to publicly acknowledge." More
- June 23 | Item | E-mail
Klondex Appoints Special Committee to Review Silvercorp Takeover Offer and other Strategic Alternatives for its "Fire Creek" 1.6 Moz Indicated Gold Resource -
"Klondex Mines Ltd. (TSX: KDX - News) announced today that it has formed a special committee of the Board of Directors to review the unsolicited takeover bid for Klondex by Silvercorp Metals Inc. (TSX: SVM; NYSE Amex: SVM). The Special Committee is chaired by Robert Sibthorpe and includes John Pollock, P. Eng. and Ronald Shorr, CFA; brief bios of the committee are provided below. Klondex also reported that a number of holders of its share purchase warrants have exercised their warrants, generating additional cash to fund the Company’s operations." More
- June 17 | Item | E-mail
Coeur Strengthens Balance Sheet Through Successful Debt Reduction Program -
"Coeur d’Alene Mines Corporation (NYSE:CDE - News) (TSX:CDM - News) (ASX:CXC - News) provided an update today on its debt reduction program. During the first half of 2009, the Company reduced its convertible debt by over $150 million, or approximately 37%." More
- July 02 | Item | E-mail
Great Panther Announces First Mineral Resource Estimate for Cata Clavo Zone at Guanajuato Mine -
"GREAT PANTHER RESOURCES LIMITED (TSX:GPR - News) is pleased to report that Wardrop, a Tetra Tech Company, of Vancouver, B.C., has completed the first NI 43-101 compliant mineral resource estimate on the zone known as the 'Cata Clavo' at the Company's wholly-owned Guanajuato Mine in Guanajuato, Mexico. The new resource estimate of 5,032,000 silver equivalent ounces (Ag eq oz) represents only a very small part of the 4.2 kilometre strike length of the Guanajuato deposit owned by the Company. Other zones, namely Guanajuatito and Rayas, are currently being mined and do not yet have a compliant resource. Further exploratory and delineation drilling are planned for these zones in order to establish additional resources in the future." More
- June 30 | Item | E-mail
Hecla Reduces Debt and Amends Credit Facility -
"Hecla Mining Company (NYSE:HL) is pleased to announce that it has made a prepayment of $18.2 million to its term loan. The prepayment, made under the fifth amendment to the credit facility, reduces the lending syndicate to two institutions, reduces borrowing costs and provides Hecla with flexibility to control its capital program. The lenders have also shown their support by waiving some fees which will reduce our costs. At June 30, 2009, Hecla has now repaid approximately $341.7 million of the $380 million drawn on the facilities." More
- June 30 | Item | E-mail
Mining Companies' Revenues Rose 23% in 2008, According to PricewaterhouseCoopers -
"Despite the economic downturn in the fourth quarter of 2008, mining companies capitalized on early-year strong demand and record prices to increase revenue 23 percent in 2008 over 2007, according to "Mine -- When the going gets tough," a new report by PricewaterhouseCoopers LLP (PwC). The sixth annual report analyzes the financial performance of the global mining industry and examines current trends in the industry, looking at the top 40 global mining companies, as measured by market capitalization. While financial results were strong, 2008 was a year of two parts with the good times quickly turning bad as the global economic crisis took hold in the last quarter and commodity prices went into freefall." More
- June 30 | Item | E-mail
Timing is everything for Canada's junior miners -
"Junior miners in Canada need to watch the swings in commodity markets to best gauge the timing on forays into capital markets, where windows of opportunity are opening after a long drought, investment bankers say." More
- June 25 | Item | E-mail
Strike over wages in S.Africa gold sector looms -
"The head of South Africa's biggest mineworkers union said on Thursday its members were prepared to down tools in a bid to win a wage raise, but hoped for a deal to avert a strike." More
- June 18 | Item | E-mail
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