Golden Star looks to get back on track
Golden Star Resources (GSC-T, GSS-X) recently reported an initial resource estimate for its new Buesichem South deposit in Ghana, days after posting lower preliminary operating results for the second quarter.
News
New Mexico junior makes math gaffe, retracts high-grade REE assays
A little-known junior explorer based in Elephant Butte, New Mexico (population: 1,500), surprised investors twice last month, first by releasing spectacular rare-earth-element (REE) assays from its Warm Springs beryllium project in Sierra…
Frontier cuts deal with Koreans to advance Zandkopsdrift
In the race to bring the world new sources of rare earths from places other than China, Frontier Rare Earths (FRO-T) has put itself in a solid position, thanks to a deal with a deep-pocketed Korean consortium.
Great Western to build REE plant with Chinese partner
Great Western Minerals (GWG-V) plans to set up a joint venture with a Chinese company to build a rare earth (RE) separation plant in South Africa.
Puget Ventures set to become Global Cobalt
Within weeks, Puget Ventures (PVS-V) expects to complete a fundamental transformation from a modest Ontario-focused cobalt explorer into a global player, with a new name, new financing and a new focus on the Altai Republic in southern Russia.
Positive economics for Brazilian Gold’s Sao Jorge
Brazilian Gold (BGC-V) has taken a step forward with the release of a positive preliminary economic assessment (PEA) for its Sao Jorge gold project in the Tapajos region of northern Brazil.
Lydian outlines potential Armenian mine
Armenia-focused Lydian International (LYD-T) has outlined the potential to produce 1.6 million oz. gold from its Amulsar project in a preliminary economic assessment.
Woulfe advances Sangdong
With tungsten prices on the rise, Vancouver-based Woulfe Mining (WOF-V) is scrambling to restart the past-producing Sangdong tungsten-molybdenum mine in South Korea by late 2012.
What next for Lundin?
Rumours have been circulating for weeks that cash-rich BHP Billiton (BHP-N, BTL-L) might be interested in making a bid for Lundin Mining (LUN-T), but a late-night post on the Telegraph’s website on Aug. 8 added more fuel to the fire.
Xstrata snaps up First Coal
Global coal giant Xstrata (XTA-L) has recently sealed a $147-million cash offer for privately-held First Coal and its northeastern B.C. coking coal assets.
Standard Chartered says gold could hit US$5,000 per oz.
After a decade-long bull market “the gold mining industry has done little to bring on new supply,” Standard Chartered concludes in a new report, arguing that the gold market will be in deficit until at least 2015.
Soaring Q2 profits for Uranium One
Uranium One’s (UUU-T) second-quarter profits surged 450% to US$29.7 million compared to the year-ago period, as revenue nearly doubled.