Update: Atna primed to pour gold again at Briggs
[adds updated reserve and production numbers]
United States
Record Year For US Mine Penalties
VANCOUVER — Fines for safety violations at American mines soared to an all-time high in 2008. Over the past three years, since former president George W. Bush signed a new mining code into law, the v…
Mesquite Mine Back In The Saddle
With one year of operations at the past-producing Mesquite gold mine under its belt, Western Goldfields (WGI-T, WGW-X) reports it churned out 110,410 oz. gold for 2008, just short of the 117,000 oz. g…
Federal Court Rules For Barrick In Cortez Hills Case
A U. S. judge has ruled against a preliminary injunction that would have halted construction at Barrick Gold’s (ABX-T, ABX-N) Cortez Hills gold project in eastern Nevada, disappointing groups who oppo…
Livengood Grows To 6.8M Oz. Gold For Tower Hill
VANCOUVER — With its Livengood project, 110 km north of Fairbanks, Alaska, International Tower Hill Mines (ITH-V, THM-X) already had a significant gold deposit amenable to bulk-tonnage heap leaching …
Hecla Restructures Debt, Raises US$65.6M
Hecla Mining (HL-N) is juggling debt and issuing shares to help repay a loan it took to buy out its majority partner Rio Tinto (RTP-N, RIO-L) at their co-owned Greens Creek silver mine, near Juneau in…
Victoria Gold and StrataGold propose merger
Nevada-focused Victoria Gold (VIT-V) has made a friendly offer for StrataGold (SGV-V), which has an advanced gold p…
Rio Tinto enters strategic partnership with Chinalco
China’s largest aluminum producer will invest US$19.5 billion in Rio Tinto (RTP-N, RIO-L) through joint ventures an…
Japanese consortium finances Canada’s Uranium One
Uranium One (UUU-T) will raise C$270 million through a private placement with a Japanese consortium made up of Th…
Thompson Creek To Close Moly Mines For A Month
VANCOUVER — Following the lead of other molybdenum miners, Thompson Creek Metals (TCM-T, TC-N) is slashing its production forecast for 2009.
Rio Tinto Woos Chinese
The week ended Jan. 31, the fourth trading week of 2009, was rife with speculation over Rio Tinto’s future, and just what the debt-crippled giant might hand over to its deep-pocketed 9% shareholder, s…
Pacific North West buys past-producing Nixon Fork gold mine
While many resource companies are experiencing considerable pain in a bear market precipitated by worldwide recessi…