United States



Midway Gold derisks Nevada projects

Shares of Midway Gold (MDW-V, MDW-X) have climbed 145.12% to about $2.01apiece since the beginning of 2011, a fruitful year that saw the junior update the resource and complete a feasibility study on its Pan project, more than double its…


There’s gold in those dumps

The Sleeper gold mine in Nevada operated as a high-grade open pit from 1986-1996 and according to operations reports by its then owner, Amax Gold, about 54 million tonnes of waste were cast off in waste dumps over the course of the mine life….


Atna’s underground mine project has open-pit potential

Atna Resources (ATN-T, ATNAF-O) will start commercial underground mine production at its Pinson mine project near Winnemucca in the fourth quarter of this year, but in the meantime it’s also exploring the possibility of developing an open pit…



Great Western to reap Chinese expertise

Over the last month Great Western Minerals (GWG-T) has completed a joint-venture with the Chinese to build a rare earth separation plant near its Steenkampskraal mine in South Africa, about 350 km north of Capetown, and successfully carried out…


Molycorp meets Molymet, secures US$390M in funds

U.S. rare earths producer Molycorp (MCP-N) is giving Chile-based Molibdenos y Metales (Molymet) 12.5 million shares in exchange for US$390 million. That works out to US$31.20 apiece – a 10% premium to Molycorp’s 20-day volume weighted average…


US Gold's El Gallo gold project in Sinaloa state, Mexico. Photo by US Gold

Merger of US Gold, Minera Andes goes ahead

When Rob McEwen first proposed the combination of US Gold (UXG-T, UXG-N) and Minera Andes (MAI-T, MNEAF-O) in June 2011, the chairman, chief executive and largest shareholder of both companies thought the deal easily could be completed by early…



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…


Auracle Resources' Mexican Hat gold project in southeastern Arizona, 115 km east of Tucson. Photo by Auracle Resources

Auracle shares pop 51% before drill results

Shares of new Vancouver-based gold explorer Auracle Resources (AAL-V) spiked 51% last week to 46¢ apiece before the company releasing assay results from a first round of drilling at its Mexican Hat gold property in Arizona.


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