Trevali opens the Halfmile mine
Trevali Mining (tv-t) has kicked off the New Year by transitioning from a development-stage company to a producer by starting up the Halfmile polymetallic massive sulphide project near Bathurst, N.B.
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Brixton cuts mega-intercept in BC
Vancouver – Brixton Metals (BBB-V) has pulled a whopper of an intercept from the Thorn project in northwest British Columbia, hitting 95 metres grading 904 grams per tonne silver equivalent from near surface.
First Quantum to sell its DRC assets
First Quantum Minerals (FM-T, FQM-L) is putting an end to its troubles in the Democratic Republic of the Congo (DRC) by agreeing to sell its DRC assets and drop any related legal claims for US$1.25 billion.
Prophecy Platinum starts winter drill program at Wellgreen
Burwash Landing, Yukon – Fifteen km off the paved Alaska Highway in southwestern Yukon, the Wellgreen nickel-copper-PGM project sits largely as it has since 1973, when Hudson-Yukon Mining abandoned underground mining there after one year of…
Rare Element Resources adds to resource
In an updated resource estimate that includes less than half of the new assay results from holes drilled in 2011, Rare Element Resources (RES-T, REE-X) has boosted by 38% the measured and indicated resources of its Bear Lodge rare earths…
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.
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…