Cline ramps up 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.
United States
Molycorp secures offtake agreements for 78% of REE production
In early January, Molycorp (MCP-N) announced that it had found a home for more than three quarters of its first phase of production, ahead of starting up a rare earth production facility at its Mountain Pass rare earths mine in California.
Hecla closes Lucky Friday for one year
Mining analyst Chris Lichtenheldt of UBS Investment Research has cut his 12-month target price on Hecla Mining (HL-N) to US$8.00 per share from his earlier forecast of $9.85 per share after the silver producer announced it has closed its Lucky…
Midas has the golden touch in Idaho
Just six months after completing its $45.2-million initial public offering in July 2011, Midas Gold (MAX-T) has firmly emerged as the leading gold explorer in Idaho following the state’s recent resurgence as a prospective mining jurisdiction.
Int’l Minerals to have 4 gold-silver projects at feasibility stage in 2012
International Minerals (IMZ-T) has completed a positive feasibility study for its 40% owned Inmaculada underground gold-silver project in southern Peru, where it anticipates annual gold and silver production totalling 194,000 oz….
Auracle shares pop 51% before drill results
Shares of new Vancouver-based gold explorer Auracle Resources (AAL-V) spiked 51% last week to 46¢ apiece before the release of assay results from the company’s first round of drilling at its Mexican Hat gold property in Arizona.
Odds ‘n’ sods: No country for old men – or maybe one
Please allow me to begin with a little trivia. When I started in this business the Prime Minister of Canada was Louis St. Laurent. Anybody out there remember him? Suffice it to say, most 70- to 80-year-olds are neither nimble nor quick, and I…
Yukon-Nevada adds ounces at Jerritt
Vancouver – Yukon-Nevada Gold (YNG-T) has added roughly 429,000 oz. gold to the resource at its Jerritt Canyon project in Nevada with a resource update.
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…
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.
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.
Western Lithium completes prefeasibility on Kings Valley
Jay Chmelauskas bought his 100%-electric Nissan Leaf about a month ago and charges its battery at one of two charging stations across the street from the Pan Pacific Hotel in downtown Vancouver. The car gets him around town and his family to…