RX revitalizes Drumlummon mine
SITE VISIT MARYSVILLE, MONT. — The gold dribbles off the shaker table as the various players behind RX Exploration (RXE-C, RXEXF-Q) look on with excitement. Crowding around the machine in…
Volume 96 Number 13 - May 17 - 23, 2010
Initial resource tally for Big Daddy chromite
The Big Daddy chromite deposit in the McFaulds Lake area of northern Ontario is living up to its name as one of the largest and highest grade deposits of its type in the world.
TORONTO STOCK EXCHANGE -May 4-10
It was a wild ride for the TSX composite index over the May 4-10 period.
TSX VENTURE EXCHANGE -May 4-10
The S&P/TSX Venture composite index dropped during the May 4-10 trading period, following jitters about Greek sovereign debt and wild market trading, possibly caused by runaway computer trading. T…
U.S. MARKETS -May 4-10
A US$1-trillion emergency rescue package to contain Greece’s debt crisis is not a long-term fix for the problems afflicting Europe but was enough to resurrect U.S. equity markets after their biggest-e…
Oyu Tolgoi could be one of world’s biggest mines
An independent study of Oyu Tolgoi shows Ivanhoe Mines (IVN-T, IVN-N, IVN-Q) to have one of the world’s largest copper and gold projects on its hands.
Barker Minerals searches for BC diamonds (May 17, 2010)
VANCOUVER — Many thought Chuck Fipke and Stu Blusson were crazy when Canada’s diamond pioneers tried to convince the world they could find diamond-rich kimberlites in Canada’s Far North.
Nevsun pushes towards production in Eritrea (May 17, 2010)
VANCOUVER — Nevsun Resources (NSU-T, NSU-X) is now more than halfway through building Eritrea’s first mine, on schedule to commission the gold-silver-copper-zinc operation before the year end.
Red Back gets boost from Kinross
Kinross Gold (K-T, KGC-N) is investing $600 million for a 9.4% stake in Red Back Mining (RBI-T). The placement should help finance the expansion of Red Back’s carbon-in-leach (CIL) plant and develop a…
Jinshan’s Dadiangou to be sold to Zhongjin
Jinshan Gold Mines (JIN-T) has agreed to sell its Dadiangou gold project in China’s remote Gansu province to Gansu Zhongjin Gold Mining Co., a subsidiary of Zhongjin Gold.
US$401-M IOC expansion greenlighted
Rio Tinto (RIO-N, RIO-L) stands to be one of the biggest losers if Australia passes a proposed 40% tax on windfall profits on all operating mines in Australia and it appears the U.K.-headquartered min…
Golden Queen secures environmental permit
VANCOUVER — Golden Queen Mining’s (GQM-T) Soledad Mountain gold-silver project near Mojave, Calif., finally looks to have environmental approval.