United States

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.



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.



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.


Drillers at work at Western Lithium's Kings Valley lithium project in Humboldt County, Nevada. Photo by Western Lithium

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…


China sets first tranche of 2012 REE export quotas

China has determined that its first tranche of export quotas for rare earth elements in 2012 will be 10,546 tonnes, down 27% from its first tranche of export quotas in 2011, but the China Daily reported that officials at the Ministry of…


Accusations fly in Mosquito Consolidated boardroom scuffle

Weeks of mounting tension between opposing factions of the board of Mosquito Consolidated Gold Mines (MSQ-V) came to the fore at the company’s annual general meeting on Dec. 16, as shareholders finally had their say in the matter. 


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