New mill at La Guitarra to boost Genco’s production
With silver prices at the start of February 27% higher than a year earlier, Genco (GGC-T, GGCRF-O) wants to fast-track production expansion at its La Guitarra silver mine in central Mexico.
2008
LME Warehouse Levels (March 03, 2008)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Feb 15, 2008 (change from Feb. 12 in brackets):
Roxmark tests potential to reopen Northern Empire (March 03, 2008)
Roxmark Mines (RMK-V, RMKMF-O) has started a 6,200-metre surface diamond-drill program at its Northern Empire mine property near Beardmore, Ont.
Potash One raising more funds for Legacy (March 03, 2008)
VANCOUVER — Little more than a month after closing an $11-million financing, Potash One (KCL-V, KCLOF-O)–which recently changed its name from ISX Resources — is going back to the market looking for…
Commentry
The financial bottom line isn’t the only thing that counts for stakeholders these days. Increasingly, they’re paying close attention to a company’s ethical and environmental performance — its non-fin…
Gold, oil hit record highs
More records were set for commodity prices during the week ended Feb. 23, the eighth trading period of 2008, as both oil and gold prices rose to new, all-time nominal highs as the U.S. dollar suffered…
New Horizons (March 03, 2008)
For centuries, some of the greatest scholars believed in alchemy — the ability to turn base metals into gold. While none ever succeeded, there are echoes of alchemy in today’s technological advances …
Friendly merger promises a new, Intrepid company
Intrepid Mines (IAU-T, IAU-A) and Emperor Mines (EMP-A, EMPMF-O) each have something the other needs.
Tsagaan Tolgoi coal resource buoys SouthGobi Energy (March 03, 2008)
The Tsagaan Tolgoi coal project has measured plus indicated coal resources of 36.4 million tonnes and an additional inferred coal resource of about 9 million tonnes, South- Gobi Energy Resources (SGQ-…
Developing reserves — of good will
SANTIAGO, CHILE–With alliances of communities and non-government organizations across Latin America putting the mining industry under increased scrutiny, and occasionally blocking new projects reachi…
Staking continues apace in ‘Ring of Fire’
The Noront Resources (NOT-V, NOSOF-O) base metal discovery has spawned a staking rush in the swampy lowlands of northeastern Ontario, just southwest of James Bay. As of mid-February, juniors had stake…
Noront find fuels deliberation
As consultants begin to piece together a limited but growing database of information about Noront Resources’ (NOT-V, NOSOF-O) Double Eagle project in northeastern Ontario, the discovery is looking les…