Lachlan finds its gold star in Chile
In December 2010 Perth-based Lachlan Star (LSA-T, LSA-A) went from exploring in Australia and Africa, straight into producing gold in the Americas after buying the CMD gold mine in Andacollo, Chile.
2012
Implats faces violence in South Africa, threat of losing assets in Zimbabwe
Tensions remain high at the world’s largest platinum mine, as a second miner has been killed and strike action continues for a fifth week.
Paramount cuts high-grade gold and silver at San Miguel in Chihuahua
High-grade results keep rolling in at Paramount Gold and Silver’s (PZG-T, PZG-N) fully owned San Miguel silver-gold property in the Guazapares mining district in the southwest of Chihuahua State, Mexico.
Here comes the sun for Rainy River
An updated resource estimate based on 394 new core holes from 170,000 metres of drilling in 2011 — bringing the total to 1,279 drill holes, or 578,000 metres — has lifted the spirits and shares of Rainy River Resources (RR-T, RR-V).
Frontier eyes 2015 start-up at Zandkopsdrift REE project
A preliminary economic study (PEA) on Frontier Rare Earths’ (FRO-T) Zandkopsdrift rare earth element deposit in South Africa predicts that it could be a high-margin specialty minerals producer, churning out 20,000 tonnes of separated rare…
Yamana grows yearly profits by 17%
Yamana Gold (YRI-T, AUY-N) has reported a US$89.5-million profit for the fourth quarter of 2011. It’s a 28% decrease from the same period a year ago, following a one-time, US$81-million impairment loss on investments.
Avino inches closer to production
Avino is an old name in Mexican mining for a couple of reasons. Most prominently, it is the name of a legendary silver and copper vein 1.6 km long and 182 metres wide at the surface. The vein’s scale helped make it the first mine in the…
El Nino Ventures posts new resource in New Brunswick
An initial resource estimate for the Murray Brook polymetallic massive sulphide deposit in New Brunswick’s Bathurst mining camp has confirmed the property’s historical resource — but with better grades — and confirms…
Winds of change blow for Anooraq and Amplats at Bokoni
Twin tragedies bookended four months of turbulence and change at the Bokoni platinum mine in South Africa’s Limpopo province.
Market news
Toronto Stock Exchange
Talon sizes up iron ore at Trairao in Brazil
Talon Metals (TLO-T) has released a slew of drill results from its extensive 2011 exploration program, showing iron content in weathered and fresh rock at its Trairao project in Brazil.
Coro options more copper ground in Chile
Coro Mining (COP-T) has signed an option agreement with a local Chilean company to acquire El Desesperado — a 7-sq.-km property hosting porphyry copper-style mineralization 16 km southwest of Codelco’s Chuquicamata copper mine in…