Strong drill results from nine diamond drill holes at the Buritica gold project in Colombia sent shares of Continental Gold (CNL-T) up 28¢, or 3.9%, to $7.38 apiece on June 4.Highlights from the holes drilled into the Yaragua system…
Of Yamana Gold’s (YRI-T, AUY-N) $125-million budgeted for exploration this year — a 10% increase over 2011 — about $29.5 million, or 23%, is earmarked for northern Chile, where it owns 100% of the high-grade El Penon…
Following a tumultuous four months that saw its share price plummet and development options narrow, Vancouver-based explorer Extorre Gold Mines (XG-T, XG-X) has found a solution to its problem in the form of Toronto-based miner Yamana Gold…
In another milestone of Britain’s century-long fading as a global power, the 135-year-old, privately held London Metal Exchange — the world’s premier non-ferrous metals market — looks set to be sold off to interests…
The following are findings from the Mining Recruitment Group’s (MRG) latest annual Executive Survey, which was distributed during the first week of June and completed by 140 mining leaders.This has been a year of tremendous volatility for…
After a 60-year career as distinguished scientist, explorer, pioneer and innovator, Christopher Gleeson has died of cancer.Born in Ottawa in August 1931 to Irish immigrants, Gleeson earned his B.Sc. from Loyola College in Montreal in 1953. He…
The commentary by Jay Collins you published (“Cost overruns on capital development — a growing concern,” T.N.M., June 11–17/12) strikes me as both timely and appropriate.Our industry has gone through many changes in the…
The S&P/TSX Venture Composite Index dropped 41.91 points after four days of losses outweighed one day of gains, ending at 1,251.02. Volume was also down for most of the period, but a spike at the end of the week left the average volume…
Animas Resources — Gregory McKelvey resigned as a director; Donald Ranta will not stand for re-election as a director; John R. Wilson and David Beling nominated for election as directors.Argex Mining — Normand Bergeron appointed a…
U.S. factory output contracted in May for the second time in three months and consumer prices fell 0.3%, but news late in the week that major central banks were prepared to take collective action to provide liquidity and prevent a credit…
The Andean nations of Chile and Peru are the top copper-producing locales in the world. Chile holds the number-one spot with annual production clocking in at 4.9 million tonnes, while Peru sits in second place with output totalling 1.2 million…
New copper mineralization zones at the Taca Taca project failed to lift the share price of Lumina Copper (LCC-V) due to anti-Argentina sentiment in the wake of President Cristina Fernandez’s decision last month to nationalize…
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