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.
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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…
Thompson Creek raises $270M with gold stream sale
Thompson Creek Metals (TCM-T, TC-N) has pre-sold another chunk of future gold production from its Mt. Milligan copper-gold project in B.C. to Royal Gold (RGL-T, RGLD-Q) in the face of a softened molybdenum market and two mines under…
First Point’s Decar takes shape
First Point Minerals (FPX-V) has released encouraging assays from the first nine of 36 holes from the 2011 drill program at its flagship Decar nickel-iron alloy project in central B.C.
Regulus and Pachamama soar on Argentine drill results
A newly discovered high-grade zone sent Regulus Resources (REG-V) and Pachamama Resources (PMA-V) shares flying in December.
Brigus grows Black Fox
Brigus Gold (BRD-T, BRD-X) has added to its gold resource at the Black Fox complex in Timmins, Ont., and reported an initial resource estimate exceeding half a million oz. gold for its 147 and Contact zones.
2011 Mining Person of the Year: Ross Beaty
Walter Gretzky famously advised his son Wayne to “skate where the puck’s going, not where it’s been.” In the mining industry today, there’s no better exemplar of someone living that kind of wisdom than entrepreneur Ross Beaty, our selection as…
Facts ‘n’ Figures: Miners still bullish on gold, says PwC
According to PwC’s annual Gold Price Report – which surveyed 41 mostly North American-listed mining companies representing 26.5 million oz. gold mined in 2011, and 37.75 million oz. to be mined in 2012 – 80% of respondents expect the gold price…