Themac starts drilling New Mexico copper project
Newly minted copper explorer Themac Resources Group (MAC-V) has started an 18,000-metre drill program at its Copper Flat project, located 50 km southwest of Truth or Consequences, New Mexico.
United States
Seabridge, Golden Predator to spin-out US properties into new company
Vancouver – Looking to make the most of their respective low-profile gold projects in the United States, Seabridge Gold (SEA-T) and Golden Predator (GPD-T) have teamed up to spin-out the properties into Wolfpack Gold.
McEwen plans to merge US Gold, Minera Andes
Rob McEwen, the largest shareholder of both US Gold (UXG-T, UXG-N) and Minera Andes (MAI-T), plans to combine the two companies to create a dynamic, mid-tier silver producer in the Americas.
Klondex Mines warns against hedge fund group
Klondex Mines (KDX-T) says a “dissident hedge fund-led group” holding 8.1% of the company is trying to take control and elect its own slate of directors.
Commentary: ‘Old King Coal’ still reigns in the US
The following speech was recently given at the East Kentucky Leadership Conference during a panel discussion called, “Fate & Future of Coal and Alternative Energy Sources.”
General Moly impresses
Investors always like to know when chief executives buy stock in the companies they head. So it didn’t pass unnoticed last week when Bruce Hansen, chief executive of General Moly (GMO-T, GMO-X), spent US$99,250 on the purchase of 25,000…
Golden Queen relies on high metal prices to generate impressive NPV
Golden Queen Mining (GQM-T) is looking to prove that there is still plenty of gold in California, albeit at a much lower grade than what the ’49ers were used to.
Cayden advances three North American projects
The team behind Ghana-focused Keegan Resources (KGN-T. KGN-X) has set its sights on advancing several North American prospects through relatively new entrant Cayden Resources (CYD-V).
Yukon-Nevada on the rise
Yukon-Nevada Gold (YNG-T) shares saw a healthy boost following first quarter results and a recent $59-million financing, which will be used to upgrade its Jerritt Canyon gold mine in Nevada.
Augusta Resource makes headway at Rosemont Copper project
The preliminary draft Environment Impact Statement on Augusta Resource’s (AZC-T, AZC-X) Rosemont Copper project near Tucson in Arizona has been delivered by the Coronado National Forest to the State of Arizona and local cooperating agencies,…
Commentary: Don’t overlook U.S. tax consequences of cross-border mining investments (June 01, 2011)
Canadian-based mining companies investing in U.S. property need to be aware of various U.S. tax provisions that could affect their return on the future sale of this property.
Cline slumps on production delays, dilutive financing
Investors disappointed with Cline Mining’s (CMK-T, CLNMF-Q) early morning announcement on May 16 that coal production in 2011 is going to be lower than expected at its recently reopened New Elk coal mine in Colorado were hit with more…