Volume 99 Number 13 May 13 - 19, 2013

Argonaut Gold's La Colorada gold mine in Sonora, Mexico. Source: Argonaut Gold

Argonaut unveils Veta Madre resource at La Colorada

The La Colorada deposit in Sonora Mexico has come a long way since Jesuit missionaries first staked the ground and mined the Minas Prietas zone in the mid-1700s. From 1860 to 1914 the deposit was mined from underground (production was shut…

Protesters outside the the Exchange Tower in Toronto during Excellon Resources' annual general meeting. Photo by Salma Tarikh.

Excellon seeks sunnier days in Mexico

Shareholders of Excellon Resources (EXN-T) appeared unimpressed at the company’s recent annual general meeting (AGM) in Toronto, with many urging the producer to get to the root of the community and labour issues that have dogged the…

The processing plant at First Majestic Silver's Del Toro silver mine in Mexico. Source: First Majestic Silver

First Majestic to join top-tier silver miners

First Majestic Silver (FR-T, AG-N) is eyeing senior producer status as it expands Del Toro — its fifth silver mine in Mexico — and improves operations at its four other mines in the country to drive its annual silver production…

TSX makes gains in May, Apr. 29 – May 3

The S&P/TSX Composite Index shrugged off fears that this May would be like the last two and bring about a sell-off. Rather than sliding, the Index headed into the month looking strong, posting a 155-point gain to climb to 12,438.03 for the…

A conveyor belt at African Barrick's North Mara mine in Tanzania. Source: Barrick Gold

African Barrick rights the ship

African Barrick Gold (ABG-L) has endured its fair share of criticism over the last few years. There have been misses on production targets and social unrest around its assets in Tanzania. Then there was a failed takeover bid from a…

Allana closes in on Ethiopian potash development

VANCOUVER — Toronto-based junior Allana Potash (AAA-T) sees 2013 as a pivotal year for its wholly owned Dallol potash project in Ethiopia’s northeastern Danakil Depression, and since filing its last mining application in late April,…

A drill rig at Mason Graphite's Lac Guret graphite project in Quebec's North Shore region. Source: Mason Graphite

PEA shows Lac Guret has graphite potential

VANCOUVER — For just $90 million, Mason Graphite (LLG-V) could transform its Lac Guéret project in Quebec’s North Shore into a mine producing 50,000 tonnes of graphite concentrate annually for $390 per tonne, a cost that…

The coal loading facility at Teck's Elkview operation in southeastern British Columbia. Source: Teck Resources

Cheap coal hits Teck’s bottom line

Teck Resources’ (TCK-T, TCK-N) first-quarter performance beat analyst expectations but came in lower compared to a year ago, owing to global economic uncertainty and weaker commodity prices.

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