The first week of 2012 started off better than expected for U.S. equities with the Dow Jones Industrial Index climbing 1.17% or 142.36 points to close at 12,359.92 and the S&P 500 index rising 1.61% or 20.21 points to finish at 1,277.81….
Shares of new Vancouver-based gold explorer Auracle Resources (AAL-V) spiked 51% last week to 46¢ apiece before the release of assay results from the company’s first round of drilling at its Mexican Hat gold property in Arizona.
At a base-case gold price of US$1,300 per oz. and US$25 per oz. for silver and throughput of 45,000 tonnes per day, an open-pit mine at International Minerals’ (IMZ-t) Converse project in Nevada returns a pre-tax, non-discounted cash flow of…
Marketable coal reserves at Coalspur Mines’ (CPT-T) flagship Vista project in Alberta have risen 20% to 313 million tonnes from the 260 million tonnes estimated in the prefeasibility study. The 313 million tonnes will come from a recoverable…
Even after a KPMG forensic report cleared Vancouver-based Silvercorp Metals (SVM-T, SVM-N) of all anonymous allegations of accounting fraud in October, the largest primary silver producer in China has retained two independent consulting firms -…
The board at HudBay Minerals (HBM-T, HBM-N) has agreed to develop the high-grade, near-surface Reed copper deposit in Manitoba into a mine. Production of copper in concentrate is expected to average 17,000 tonnes per year over the five-year…
Luxor Capital Group, a New York-based investment company, has launched a partial bid for Crocodile Gold (CRK-T), which operates gold mines in Australia.
If you’re ever looking for expensive gold jewellery – not just any old gold jewellery, mind you, but with gold of such fine quality and such rarity as befits a royal family – you might want to consider having it made of Welsh gold.
Vancouver-based juniors Gold-Ore Resources (GOZ-T) and Astur Gold (AST-V) are joining forces to form a single, European-focused company with a producing gold mine and another gold project with upside.
The final week of 2011 was a time to celebrate making it through another year, tally wins and losses and look to the market uncertainty that will most likely be our fate in the year ahead.
Please allow me to begin with a little trivia. When I started in this business the Prime Minister of Canada was Louis St. Laurent. Anybody out there remember him? Suffice it to say, most 70- to 80-year-olds are neither nimble nor quick, and I…
The Association for Mineral Exploration British Columbia (AME BC) has announced the 2011 recipients of its annual awards. The AME BC recognizes individuals or teams for significant contributions to the mineral exploration industry in B.C.,…
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