International Minerals adds ounces to Converse
Vancouver – International Minerals (IMZ-T) has reported a 27% increase in measured and indicate gold ounces at its Converse project in Nevada.
United States
Soaring Q2 profits for Uranium One
Uranium One’s (UUU-T) second-quarter profits surged 450% to US$29.7 million compared to the year-ago period, as revenue nearly doubled.
New Mexico junior makes math gaffe, retracts high-grade REE assays
A little-known junior explorer based in Elephant Butte, New Mexico (population: 1,500), surprised investors twice last month, first by releasing spectacular rare-earth-element (REE) assays from its Warm Springs beryllium project in Sierra…
Midas explores consolidated Idaho gold property
Vancouver – Recently-launched Midas Gold (MAX-T) is working through a 20,000-metre drill program at its consolidated gold property in Idaho’s Stibnite-Yellow Pine district as it looks to prove up the project’s potential.
Strong drill results at Haile
Romarco Minerals (R-T) is continuing to see high-grade results from its Haile gold property in South Carolina as part of an ongoing drill program.
People
Aberdeen International — George Faught resigned as CEO, but appointed as the vice-chairman and remains a director; David Stein appointed CEO.Altiplano Minerals — Charles Chebry resigned as president and CEO; John McCaffrey resigned…
Soaring Q2 profits for Uranium One
Uranium One’s (UUU-T) second-quarter profits surged 450% to US$29.7 million, compared to the year-ago period, as revenue nearly doubled.
Glencore ups ante on PolyMet
Glencore International (GLEN-L) is betting that PolyMet Mining’s (POM-T, PLM-X) NorthMet polymetallic project in Minnesota has the stuff that profitable mines are made of.
Cedar Mountain drills untested Alaskan gold anomalies
While other companies explore emerging Yukon gold belts – such as the White Gold district and the Selwyn Basin – in their hunt for the next big Arctic gold deposit, Cedar Mountain Exploration (CED-V) has its sights set on an even loftier…
Grande Portage, Quaterra hit high-grade gold near Juneau
Vancouver – Grande Portage Resources (GPG-V) and Quaterra Resources (QTA-V) have hit visible gold in four recent drill holes at their 65%-35% owned Herbert Glacier project in Alaska.
Toronto Stock Exchange
The S&P/TSX Composite Index gained in four straight sessions during the trading week before dipping on July 20 to end at 11,622.91 points, up 108.38 from where it began. The S&P/TSX Capped Diversified Metals & Mining Index also eked…
Former Idaho governor encourages mining in the state
When Democrat Cecil Andrus, the only governor in Idaho’s history to have served four terms, retired from the board of Coeur d’Alene Mines (CDM-T, CDM-N) after more than ten years of service, the mining company gave him a Beretta shotgun instead…