Ur-Energy study finds potential at Lost Creek
A preliminary economic assessment on Ur-Energy’s (URE-T, UREGF-O) Lost Creek uranium deposit in Sweetwater Cty., Wyo., found that the project would be economic at uranium prices above US$40 per lb.
News
WSJ ad calls on U. S. to cut off aid to Mongolia
The Center for Individual Freedom has published a full-page ad in The Wall Street Journal demanding that U. S. President George Bush and Secretary of State Condoleeza Rice tell Mongolia that it has to…
Banro reports strong intersects at Namoya gold project (May 12, 2008)
Highlights from pre-feasibility drilling at Banro’s (BAA-T, BAA-X) Namoya project in the Democratic Republic of the Congo include 18.6 metres grading 20.15 grams gold per tonne and 7.3 metres grading …
Centamin thinks deep thoughts at Sukari
PERTH, WESTERN AUSTRALIA–The Sukari gold project in Egypt’s eastern desert has added resources and reserves so quickly over the past three years that owner Centamin Egypt (CEE-T, CEY-L) has become a …
The second coming of Idaho’s Silver Valley
VANCOUVER–North Idaho’s Silver Valley is famous for having produced about 1.2 billion oz. of silver plus by-product metals from mines that in some cases operated for more than a century.
Lihir Gold and Equigold merger will create global gold major
A diversified portfolio of producing mines, low cash costs and a growth pipeline are the upshot of a merger between Lihir Gold (LGG-T, LIHR-Q) and Equigold (EQI-A), the companies say.
Acadian to spin off gold assets
Halifax-based Acadian Mining (ADA-T, ADAIF-O) is spinning off its gold assets into a new public company to create value for its shareholders, the company says.
DAILY METAL PRICES (May 12, 2008)
Date May 5 May 2 May 1 April 30 April 29 BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne) Al Alloy Holiday 2610/2640 2645/2680 2695/2725 …
High costs leach revenues at Endeavour Silver (May 12, 2008)
Endeavour Silver (EDR-T, EXK-X) posted record production and revenue last year, but escalating cash costs and a US$1.3-million write down from soured investments in asset-backed commercial paper, ate …
Tinka quick to infer silver resource in Peru (May 12, 2008)
VANCOUVER — One small drill program has produced a significant inferred resource estimate for Tinka Resources’ (TK-V, TKRFF-O) Colquipucro silver project in Peru.
Record quarterly revenue for Metallica
It looks like Metallica Resources (MR-T, MRB-X) is on a roll. Fast on the heels of its planned merger with New Gold (NGD-T, NGD-X) and Peak Gold( PIK-V, PIKGF-O), the Denver-based gold and silver prod…
NORTH AMERICAN STOCK EXCHANGE INDICES (May 12, 2008)
52-week Date May 5 May 2 May 1 April 30 April 29 High Low S&P/TSX-Ven Comp 2493.76 2495.51 2463.91 2455.06 2432.89 3372.00 2340.21 TSX Composite 14274.34 14280.28 14065.81 13…