Almadex taps into Mexico’s overlooked porphyry potential
VANCOUVER — Prospect generator Almadex Minerals (TSXV: AMZ; US-OTC: AXDDF) has pulled the best drill hole to date at its El Cobre gold-copper property, 75 km south of the port…
Silver
TSX breaks 15,000 level, Aug. 21-25
The S&P/TSX Composite Index broke the 15,000 level, finishing 0.69% higher at 15,055.99. Base metal prices — copper climbed above US$3 per lb. for the first time since 2011, while…
Vangold to mine historic stockpiles at El Pinguico
Vangold Mining (TSXV: VAN; US-OTC: VGLDF) hopes to reactivate production at the historic El Pinguico gold mine, which operated more than a hundred years ago outside Guanajuato City, Mexico. The…
Primero’s future uncertain after strike at San Dimas
VANCOUVER — Primero Mining’s (TSX: P) future hangs in the balance after 18 months of operational inefficiencies and labour-related work stoppages at its flagship San Dimas gold-silver operation, 125 km northeast…
Uncertainty in Guatemala drives Tahoe to suspend dividend and guidance
Tahoe Resources (TSX: THO; NYSE: TAHO) is stopping dividend payments and company-wide guidance due to the suspension of its flagship Escobal silver mine in Guatemala. Ending the monthly 2¢-per-share dividend…
Great Panther buys Nyrstar’s Coricancha
Junior silver miner Great Panther Silver (TSX: GPR; NYSE: GPL) has acquired Belgian smelting giant Nyrstar’s idled Coricancha gold-silver-lead-zinc-copper mine and mill complex, 90 km east of Lima, Peru. The…
Ascendant explores El Mochito’s upside
VANCOUVER — Ascendant Resources (TSX: ASND) has delivered fresh exploration drill results at its El Mochito zinc-lead-silver mine, 88 km southwest of San Pedro Sula in northwest Honduras. The 32,000-metre…
Puma beats staking rush in NB
Puma Exploration (TSXV: PUM) has been active in northern New Brunswick’s Bathurst mining camp for more than a decade, but stepped up its involvement last year with agreements to acquire…
LME and World Gold Council launch LMEprecious
The following is an edited amalgam of statements by the London Metal Exchange on the LME and World Gold Council’s launch of the LMEprecious trading platform on July 10 in…
Arizona Mining hits big at Taylor Deeps
VANCOUVER — The latest batch of drill results from Arizona Mining’s (TSX: AZ) Hermosa zinc-lead-silver project, 81 km southeast of Tucson, Ariz., could change how the company develops the project, chief operating…
Guatemalan court suspends Tahoe’s licence for Escobal
The Supreme Court of Guatemala has suspended Tahoe Resources’ (TSX: THO; NYSE: TAHO) flagship Escobal silver mine until it can hear an action brought against the government’s Ministry of Energy…
Alexco CEO on restructured Wheaton Precious Metals deal
VANCOUVER — Alexco Resource (TSX: AXR; NYSE-MKT: AXU) is considering restarting production at its Keno Hill silver mine, 330 km north of Whitehorse, Yukon. The company suspended operations in late 2013, as…