Tower Hill raises $10 million, doubles Livengood drill program
Vancouver – Its financing brought in twice as much as it expected so International Tower Hill Mines (ITH-V) has d…
United States
Rio Tinto sells Jacobs Ranch to Arch Coal
It looks like Rio Tinto’s (RTP-N, RIO-L) recent US$19-billion cash infusion from Chinese state-owned Aluminum Corp….
Vedanta buying Asarco for US$1.7B
Vancouver – Beleagured US copper giant Asarco has agreed to Vedanta Resources’ (VED-L) revised US$1.7 billion offer…
Firstgold ready to pour at Relief Canyon
Vancouver – After spending two years and $16 million on a new processing facility for old ore, Firstgold (FGD-V) …
New Gold to merge with Western Goldfields
New Gold (NGD-T) and Western Goldfields (WGI-T) are joining forces to create a diversified gold production base fro…
Atna Primed To Pour Gold Again At Briggs
VANCOUVER — It sat idle for five years but now Atna Resources (ATN-T, ATNAF-O) is firing up the Briggs gold mine in Inyo Cty., Calif., and expects to produce its first gold dor soon.
Barrick Preserves Strong Balance Sheet
The economic crisis may be pushing many companies to the wall, but Barrick Gold (ABX-T, ABX-N) ended the year with a cash balance of US$1.4 billion, an undrawn US$1.5-billion credit facility, and the …
Pacific North West Buys Nixon Fork Gold Mine
While many cash-poor resource companies are experiencing considerable pain in the current bear market, their well-funded brethren are using these conditions as an opportunity to acquire assets.
Newmont Posts Record Revenues In 2008
Newmont Mining (NMC-T, NEM-N) saw higher multiples in 2008, with the gold major posting revenues of about US$6.2 billion for the year, up 12% over 2007’s US$5.5 billion.
US Beryllium Supply On The Pentagon’s Radar
The United States Department of Defense and a special Pentagon board have published a report calling high-purity beryllium a “critical material” for national security and warning that domestic sources…
U.S. stimulus package puts money into mine reclamation
U.S. President Barack Obama’s US$787 billion stimulus package includes US$125 million earmarked for the remed…
SNS Silver takes on cursed Sunshine mine
SNS Silver (SNS-V) could soon be the operator of the troubled Sunshine silver mine in the Coeur d’Alene mining dist…