Quartermain’s Pretium is off to a good start
After 25 years at the helm of Silver Standard Resources (SSO-T, SSRI-Q), Robert Quartermain is back in action with a start-up company called Pretium Resources (PVG-T).
Gold
Coeur d’Alene hits sweet spot (March 11, 2011)
Despite a slight decline in annual production, Idaho-based Coeur d’Alene Mines (CDM-T, CDE-N) cashed in on climbing silver prices in 2010, recording record sales of US$515 million, a 72% increase over 2009 revenue. If precious metal prices…
Resolute Mining is focused on Mali
Resolute Mining (RSG-X) – the second-largest gold producer listed on the Australian Stock Exchange – may be preparing to wind down its Golden Pride mine in Tanzania in East Africa over the next 24 months after twelve very successful years and…
Great Basin opens Burnstone gold mine (March 05, 2011)
SITE VISIT: Balfour, South Africa – In July 2006, Great Basin Gold (GBG-T) started building its Burnstone gold mine in South Africa, looking to be the first new gold producer in the Witwatersrand basin in 30 years.
Detour Gold determined to go it alone, as reserves pushed to 14.9M oz. gold
Toronto-based Detour Gold (DGC-T) will resist takeover attempts as the junior focuses on increasing and developing its resources at the Detour Lake project in northern Ontario, already the largest pure gold play in North America, says president…
An Alaskan district takes shape
Vancouver – Talk of a district may be premature, but interest is growing in an area roughly 150 km northwest of Anchorage Alaska thanks largely to Kiska Metals’ (KSK-V) efforts there.
Canarc withdraws from buying Relief Canyon
Following a due diligence review of Firstgold’s bankrupt Relief Canyon gold mine in Nevada, Canarc Resource (ccm-t) has decided not to proceed with a US$11-million acquisition.
Oyu Tolgoi to produce 3 million oz. silver a year
With silver prices cruising to new heights, investor interest in the massive Oyu Tolgoi copper-gold project in Mongolia has “prompted” Ivanhoe Mines (IVN-T, IVN-N, IVN-Q) to “more widely circulate the projections for silver production that have…
Golden resource at Richfield’s Blackwater (March 02, 2011)
Vancouver – After months of encouraging drill results Richfield Ventures (RVC-V) has established a multi-million oz. gold resource at its Blackwater gold project in central British Columbia.
High-grade intersects for Temex Resources in Timmins
Exploration drilling on the 6 Vein area of the Upper Hallnor mine has returned wide core lengths of gold mineralization, Temex Resources (TME-V) says, with 9.97 grams gold per tonne over 6.70 metres including 66 grams gold over 0.8 metre (hole…
Manitou jumps on ultra high grade gold intercept
Vancouver – Shares of Manitou Gold (MTU-V) were on a tear after the company released a drill hole with staggering grades from its Kenwest property in northwestern Ontario.
Candente working to both advance and sell Canariaco Norte
Vancouver – Having sharply cut back operations during the downturn, Candente Copper (DNT-T) is coming back to life with a completed prefeasibility study, an updated resource and a new financing.