Volume 97 Number 49 Jan 23 - 29, 2012

A loader filling a dump truck at Goldcorp's Penasquito polymetallic mine in Mexico. Photo by Goldcorp

Goldcorp falls short of production targets, again

Before Goldcorp (G-T, GG-N) began commercial production at its expanded Red Lake gold mine on Jan. 1, 2001, the company was a 100,000- oz.-a-year mid-tier gold producer struggling to become a senior gold miner. But by the end of the year, Red…


Hecla closes Lucky Friday for one year

Mining analyst Chris Lichtenheldt of UBS Investment Research has cut his 12-month target price on Hecla Mining (HL-N) to US$8 per share from his earlier forecast of US$9.85 per share, after the silver miner announced it has been forced to close…


Tigray on the hunt for another Bisha

Recent drilling at Tigray Resources’ (TIG-V) flagship Harvest copper-gold-silver project in northern Ethiopia has returned several high-grade intercepts, including 21 metres grading 5.7% copper, 1.5 grams gold per tonne, 18 grams silver per…


The camp at Golden Predator's Brewery Creek gold project in the Yukon. Photo by Ian Bickis

Golden Predator makes gains in the Yukon

Golden Predator (GPD-T) started strong in 2012 with more drill results from the Sleeman zone at its flagship Brewery Creek deposit and a new gold discovery at Cache Creek. Golden Predator is the largest active-exploration property holder in the…


Woulfe scopes Muguk’s charm

Woulfe Mining (WOF-V), pleased with an initial resource at the Muguk gold-silver project in South Korea, has started a scoping study at the past-producing mine.


The Bull Hill zone at Rare Element Resources' Bear Lodge rare earth elements project in Wyoming. Photo by Rare Element Resources

More REEs at Bear Lodge for Rare Element

In an updated resource estimate that includes less than half of the new assay results from holes drilled in 2011, Rare Element Resources (RES-T) has boosted the measured and indicated resources of its Bear Lodge rare earths project in Wyoming…


Huckleberry approves mine expansion

The board of Huckleberry Mines – in which Imperial Metals (III-T) holds a 50% stake, and a consortium of Asian companies (Materials, Marubeni, Dowa Mining and Furukawa) owns the remainder – has approved a plan to extend the life of its…


Drill rigs in the Clark Tunnel area at Midas Gold's Golden Meadows project in Idaho. Photo by Midas Gold

Midas leading the pack of Idaho gold explorers

Just six months after completing its $45.2-million initial public offering in July, Midas Gold (MAX-T) has firmly emerged as the top gold explorer in Idaho following the state’s recent resurgence as a prospective mining jurisdiction.


A headframe and facilities at Alexis Minerals'past-producing Snow Lake gold mine in Manitoba. Photo by Alexis Minerals

Alexis keeps busy with Lac Herbin and Snow Lake

This year will be busy one for Alexis Minerals (AMC-T) as it fixes the operating Lac Herbin gold mine in Val-d’Or, Que., and moves the Snow Lake gold mine in Manitoba closer to production.



The drill crew preparing a rig at Brixton Metals' Thorn gold project. Photo by Brixton Metals

Brixton cuts mega-intercept at Thorn in BC

Brixton Metals (BBB-V) has pulled a whopper of an intercept from the Thorn project in northwest B.C., hitting 95 metres grading 904 grams per tonne silver equivalent from near surface.



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