News

The May 5-11 report period was a rotten one for most shareholders in the U.S., as markets suffered a broad pullback in response to sharp setbacks in Iraq, oil-price shocks, and concerns that the Federal Reserve will finally begin to raise interest…

Drilling at the Luxi gold project in southern China is expected to begin shortly, now that a drill has been imported from Canada.

Drilling by Western Silver (WTC-T) has returned a wide swath of high-grade gold mineralization at the Peasco zone on the Peasquito property in Mexico’s Zacatecas state.

Patricia Mining (PAT-V) has hit high-grade gold at depth on the Island project, 125 km southeast of Hemlo, Ont.

At its Tanjianshan gold project in west-central China, Afcan Mining (AFK-T) will spend US$3.5 million on exploration aimed at upgrading inferred resources to the indicated category.

Vancouver — A first phase of drilling by Amera Resources (AMS-V) has expanded the potential of a copper-gold porphyry system at the Mogote project in Argentina’s San Juan province.

With the May 5-11 report period dominated by headlines heralding impending interest rate hikes, China’s decision to try to slow its sizzling economy, and soaring oil prices, one could hardly fault investors for bolting for the doors. And bolt they…

Vancouver — Higher metal prices and lower production costs helped Hecla Mining (HL-N) nearly double its first-quarter gross profit to US$13.4 million, compared with US$7 million a year earlier.

Saskatoon-based Shore Gold (SGF-V) plans to spin off its gold assets into a wholly owned subsidiary.