Magnesium for Molycor Gold
On a day when markets around the world were tumbling on news of a Bear Stearns fire sale, Molycor Gold managed to c…
News
International Minerals boosts reserves 187% at Pallancata in Peru
The Pallancata silver-gold mine in southern Peru has 187% more proven and probable reserves than initially thought,…
Peak Gold earns $14.6 million in first year
After buying two operating mines in April last year, Peak Gold (PIK-V) raked in net earnings of US$14.6 million…
Committee Bay to sell Aussie holdings
VANCOUVER — Committee Bay Resources (CBR-V, CBYRF-O) has inked a deal to sell its 50% interest in the Redemption joint venture to Australian-listed partner Focus Minerals (FML-A).
Chinese group to buy slice of N. A. Tungsten
VANCOUVER — A major mining company from the Far East is taking a bite of the Western World’s largest tungsten producer, North American Tungsten (NTC-V, NATUF-O), in a financing and strategic alliance…
Carbo digs in Colorado
B. C.-based Cabo Drilling (CBE-V, CBEEF-O) has expanded its drilling services to Colorado with a contract to drill 6,000 ft. for Wits
Orezone defines resources in Burkina Faso
VANCOUVER–With four advanced-stage gold projects on the go in Burkina Faso, news keeps on coming from Orezone Resources (OZN-T, OZN-X), including a recently updated resource estimate for its Bondi pr…
First Majestic gains momentum in Mexico
VANCOUVER — Times are good for First Majestic Silver (FR-T, FRMSF-O). The company’s share price has climbed more than 55% in the last six months, it was recently upgraded to the Toronto Stock Exchang…
New partner for Exeter at Cerro Moro gold-silver project
VANCOUVER — Exeter Resource (XRC-V, XRA-X) is taking big steps forward; the junior just outlined a strategic agreement with a government- owned company for the development of the Cerro Moro gold-silv…
Dundee to test open-pit potential at Armenian mine
Dundee Precious Metals (DPM-T, DPMLF-O) claims that the Shahumyan polymetallic deposit at its producing Kapan mine, in Armenia, shows potential for an open-pit mine, and now the company is setting out…
Bear Creek to buy out Rio Tinto at Corani
VANCOUVER — Bear Creek Mining (BCM-V, BCEKF-O) has reached a deal to purchase the 30% interest in the Corani silver-lead-zinc deposit held by its joint-venture partner, Rio Tinto (RTP-N, RIO-L).
Alcoa sells packaging and consumer businesses
Aluminum giant Alcoa (AA-N) has sold its packaging and consumer businesses to New Zealand-based Rank Group Ltd.