Pershing Gold’s Relief Canyon nears production
Pershing Gold (NASDAQ: PGLC) is closer to turning the past-producing Relief Canyon heap-leach gold mine in Nevada into one of the newest producers in the Silver state. “This is not an…
Silver
Lower taxes in Argentina help NGEx Resources
BUENOS AIRES, ARGENTINA — Argentina’s recent elimination of an export retention tax on copper concentrate exports improves the economics of NGEx Resources’ (TSX: NGQ; US-OTC: NGQRF) Constellation copper-gold-silver project, the company…
IDM advances Red Mountain in BC
IDM Mining’s (TSX: IDM) Red Mountain gold project in northwestern B.C. is “one of the few near-term development stories in Canada,” Robert McLeod, president and CEO, said in a March…
US stocks climb, March 14–18
The U.S. Federal Reserve’s decision to cut interest rate hikes this year due to a weak global environment helped lift U.S. indexes. The central bank held its benchmark interest rate…
Escobal is Tahoe’s ‘solid foundation,’ CEO says
Tahoe Resources (TSX: THO; NYSE: TAHO) has made a recent foray into the gold industry with a pair of acquisitions, but the asset that has fuelled its rise, and continues…
Rick Rule shares his outlook on gold, and yes, it’s bullish
You have endured the pain. Will you have the courage to hang around for the gain?” That’s the familiar question Rick Rule, Sprott US Holdings’ president and CEO, posed during…
Orex, Canasil add weight to silver discovery in Mexico
VANCOUVER — Orex Minerals (TSXV: REX; US-OTC: ORXIF) and partner Canasil Resources (CVE: CLZ) are off to a strong start at their Sandra-Escobar silver project, 183 km northeast of the…
Continental Gold improves Buritica’s economics
A feasibility study on Continental Gold’s (TSX: CNL; US-OTC: CGOOF) Buritica gold-silver project in Antioquia, Colombia, shows a 10% improvement in total costs and stronger economics for a high-grade underground mine….
TSX posts 3.5% gain, Feb. 15-19
Canadian stocks fell on Feb. 19, snapping four days of gains, as crude oil fell below US$30 per barrel in New York. However, the S&P/TSX Composite Index posted a 3.5% weekly gain to close at 12,813.40. The S&P/TSX Global Mining Index…
Mines Management president ‘elated’ with Montanore approval
VANCOUVER — After 11 years, Mines Management (TSX: MGT; NYSE-MKT: MGN) has finally scored a long-awaited approval from U.S. Federal and State agencies to develop its US$552.3-million Montanore silver-copper deposit in…
US stocks slide, Feb. 8-12
U.S. equities rallied on Feb. 12, ending five days of losses in the S&P 500 Index, but not enough to post a weekly gain. The S&P 500 lost 0.8% to finish at 1,864.78. The Dow Jones Industrial Average fell 1.4% to 15,973.84 and the…
South32 restructures, flags US$1.7B writedown
The world’s largest manganese producer is taking a machete to supply so that it can rebalance the market.