Baja Mining updates progress at Boleo
Baja Mining (BAJ-T, BAJFF-O) has tested the first of three 2.5 megawatt power generators at its 70%-owned Boleo copper-cobalt-zinc-manganese project and says all three will be online in early January.
News
Mine expansion approved at Huckleberry
The board of Huckleberry Mines, in which Imperial Metals (III-T) holds a 50% stake and a consortium of Asian companies (Materials Corp., Marubeni Corp., Dowa Mining Co. and Furukawa Co.) owns the remainder, has approved a plan to extend the…
2011 a lackluster year for the TSX
The TSX Composite Index ended the Dec.21-30 trading period up as signs that the U.S. economy was improving offset worries of Europe unraveling. The index gained 238.21 points to end the last trading day of the year at 11, 955.09. But the…
Inmet’s ESIA approved for Cobre Panama
Shares of Inmet Mining (IMN-T) surged $3.12 apiece or 4.76% to close at $68.62 yesterday after the company announced that Panama has approved the environmental and social impact assessment for its Cobre Panama copper project, including the…
Venture ends 2011 at under 1,500 points
The S&P TSX Venture Composite Index managed a modest year-end rally of 77.27 points over the holiday-spanning December 21-30 trading period, bringing the index to a year-end close of 1,484.66 points. In comparison, at the end of 2010 the…
U.S. equities rise in Dec. 21-30 trading period
While the European debt crisis continued to weigh heavily on international investors, better than expected economic data in the U.S. drove a pre-holiday rally in U.S. equities. The number of Americans filing new claims for unemployment benefits…
Cline starts commercial production at New Elk
Cline Mining (CMK-T) is swinging its New Elk metallurgical coal mine in southern Colorado into full commercial production at a rate of 3 million tons a year as part of its initial 20-year mine plan.
Independence Gold advances 19 properties in B.C., Yukon
With $15 million in the till, newly listed Independence Gold (IGO-V) is looking to recreate past success in British Columbia and the Yukon searching for gold and silver. The company was spun out of Randy Turner’s former Silver Quest Resources…
Molycorp secures off-take agreements for 78% of production
Before markets opened on Jan. 3 Molycorp (MCP-N) announced that it has found a home for more than three quarters of its Phase I production ahead of the start up of its rare earth production facility at its Mountain Pass mine in California.
Xstrata works to expand Canadian footprint
After a decade of expansion through mergers and acquisitions, diversified Swiss miner Xstrata (XTA-L) is turning to organic growth to provide its next generation of mines and to increase production through the expansion of others.
Eldorado’s big fat offer for European Goldfields
Eldorado Gold’s (ELD-T, EGO-N) proposed acquisition of European Goldfields (EGU-T, EGU-L) will enable increased gold production from 650,000 oz. in 2011 to over 1.4 million oz. by 2014 – or a rate of 30% on an annualized basis – the company’s…
Patagonia Gold debuts on TSX
With the backing of one of Argentina’s biggest industrialists and plans to generate free cash flow in the South American country by 2013, Patagonia Gold (PAT-T, PGD-L) and its recent listing on the Toronto Stock Exchange could generate interest…