Volume 97 Number 40 Nov 21 - 27, 2011

PwC: Exploration spending, costs soar

Exploration spending in the 12 months leading to June 30 increased 115% year-on-year, while total production costs have more than quintupled since 2006, rising more than 23% between 2010 and 2011, consulting firm PwC concludes in its annual…

Silver Standard slashes Pirquitas’ reserves

Silver Standard Resources (SSO-T, SSRI-Q) hopes it has put an end to lingering troubles at its Pirquitas silver mine in Argentina, with no further plant shutdowns or surprises. The latest surprise was a 52% reduction in the mine’s…

Cameco sweetens hostile Hathor bid

Cameco (CCO-T, CCJ-N) has raised its all-cash hostile offer for Hathor Exploration (HAT-T) by 20%, from $3.75 per share to $4.50 per share, trumping Rio Tinto’s (RIO-N, RIO-L, RIO-A) friendly $4.15 per share, all-cash bid.

Workers cap a drill hole that encountered artesian conditions at Rodinia Lithium's Salar de Diablillos project in Salta province, Argentina. Photo by Rodinia Lithium

Rodinia shares jump on PEA findings

Shares of Rodinia Lithium (RM-V) surged 42% to close at 30.5¢ on Nov. 8 after the junior exploration and development company released results of a preliminary economic assessment (PEA) of its lithium brine project in northern Argentina’s…


Alcoa – Kelly Pasterick appointed director of investor relations, succeeding Roy Harvey, who was appointed CFO of Global Primary Products; William Oplinger appointed COO of Global Primary Products.

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