Junior explorers still flocking to the Yukon (March 25, 2011)
Vancouver – 2010 was a big year for the Yukon as exploration companies flooded into the Territory in a flurry of staking and deal making and 2011 is looking no different.
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Malbex continues to define promising new zone
All it took was the results from a drill hole and Malbex Resources (MBG-V) shares started running in the right direction. The company’s shares were up 24% or 14¢ to 73¢ in Toronto on March 25, with heavy volume of 3.5 million shares…
Zambian smelting capacity a concern, Lundin says
When Phil Wright lashed out against Equinox Minerals’ (EQN-T, EQN-A) hostile takeover bid for Lundin Mining (LUN-T) in a conference call earlier this week, the chief executive cited the shortage of Zambian smelting capacity as yet another…
China imposes tax on rare earth production from April 1
China’s Ministry of Finance and State Administration for Taxation will start levying a tax on rare earth elements mined in the country beginning on April 1.
Tirex roars to life on Albanian mining deal (March 24, 2011)
Vancouver – Tirex resources (TXX-V) has taken a big step towards production at its polymetallic Merdita project in Albania after signing a memorandum of understanding with a private Turkish firm to finance development in exchange for a stake…
Sandspring makes plans for Guyana gold-copper mine
Vancouver – Sandspring Resources (ssp-v) envisions annual production from its Toroparu project in Guyana of 310,000 oz. gold and 29 million lbs. copper in the first four years of operations, provided it can first raise the $617 million needed…
Auriga rises on Manitoba gold
The drill bit led Auriga Gold (AIA-V) up the market on Thursday, as the company announced it had struck 30.44 grams of gold over 2 metres at its Maverick project in Manitoba. The latest results dovetail nicely with results from earlier in…
Silver Wheaton boosts reserves 9% (March 24, 2011)
The timing of Silver Wheaton’s (SLW-T, SLW-N) announcement on Mar. 23 that it had boosted attributable reserves more than 9% in 2010 couldn’t have been better, as silver hit a fresh 31-year peak in futures markets on that day, with silver…
Contractor United Mining looks to build own mine
Vancouver – Nestled between two major past producers in one of the world’s great silver districts, United Mining Group (UMG-T) sees big potential for the historic Crescent mine in Idaho’s Silver Valley.
International Northair expands drill program after Mexican silver hits
Vancouver – International Northair Mines (inm-v) is expanding the drill program at its La Cigarra silver project in north-central Mexico by 3,000 metres after its recent intersection there of 80 metres of 123.5 grams silver per tonne. The…
Oremex looks to become Mexico’s next big silver play
Having one of the most heralded silver bulls in your corner doesn’t hurt when you’re looking to become the next significant silver miner in Mexico. And that is just the set of circumstances that Oremex Resources (ORM-V) is armed with as it…
Riding the wave of silver prices
Pan American Silver’s (PAA-T, PAAS-Q) seven operating mines in Mexico, Peru, Argentina and Bolivia churned out a total of 24.3 million ounces of silver in 2010, a year-on-year rise of 5%, leaving the company with more than US$360 million in the…