Excelsior finances Gunnison copper project in Arizona
Excelsior Mining (TSX: MIN; US-OTC: EXMGF) plans to complete construction at its Gunnison copper project in southeastern Arizona and enter production over the next year after agreeing to a US$75…
Copper
Site visit: Nevada Copper rolling Pumpkin Hollow forward
YERINGTON, NEVADA — For the townsfolk of Yerington, Nevada Copper’s (TSX: NCU; US-OTC: NEVDF) plan to begin production next year at its Pumpkin Hollow copper mine has been 40 years…
Canada’s benchmark index posts small gain, Oct. 15-19
Despite a strong U.S. dollar, the price of gold increased for the third consecutive week, finishing at US$1,226.50 per ounce, up 0.74%, while the S&P/TSX Global Gold Index rose 1.85%…
BHP boosts stake in SolGold
BHP Billiton (NYSE: BBL; LON: BLT) is raising its stake in SolGold (TSX: SOLG; LON: SOLG) from 6.1% to 11.18% and the US$50.2 million in proceeds will help the junior…
Nevada Copper suggests open pit at Pumpkin Hollow
Nevada Copper (TSX: NCU; US-OTC: NEVDF) has tabled a new preliminary economic assessment (PEA) suggesting an open pit mine at its Pumpkin Hollow copper project in Nevada, where the company…
Capstone-Pembridge deal on Minto collapses, mining to be suspended
U.K.-based Pembridge Resources (LON: PERE) has been unable to secure funds to complete its acquisition of Capstone Mining‘s (TSX: CS) Minto copper-gold-silver mine in Yukon under an agreement first forged…
TSX posts mixed results, Oct. 1-5
Canada’s benchmark index fell 0.9% to 15,946.17 and the S&P/TSX Global Mining Index fell 0.39% to 65.54. Gold performed better, however, as the S&P/TSX Global Gold Index rose 2% to…
TSX Venture inches lower, Oct. 1-5
Shares of Aurania Resources rose 53¢ to $2.76. The company recently found the first significant instances of copper mineralization at its Lost Cities–Cutucu project in Ecuador. Two regional exploration teams…
Metallic finds more veins at Keno and McKay Hill districts
Metallic Minerals (TSXV: MMG; US-OTC: MMNGF) is wrapping up its $2.5-million summer work program in the Yukon. The company fanned out across both its Keno silver district and McKay silver-lead-zinc…
Raymond James adjusts forecasts as uranium outperforms zinc, copper in Q3
Analysts at Raymond James are lowering their forecasts for zinc and copper prices. For the fourth quarter, the analysts have changed their zinc price forecast to US$1.20 per lb. from…
MAG Silver extends underground infrastructure at Juanicipio
BEAVER CREEK, COLORADO — Development is well underway at MAG Silver’s (TSX: MAG; NYSE-AM: MAG) 44%-owned underground Juanicipio silver mine in the Fresnillo district of Zacatecas, Mexico, where it aims…
Americas Silver and Pershing Gold to merge
Americas Silver (TSX: USA; NYSE-AM: USAS), a producer with mines in the U.S. and Mexico, is merging with Pershing Gold (TSX: PGLC; NASDAQ: PGLC) in an all-share deal. Pershing’s primary…