Newmont Posts Record Revenues In 2008
Newmont Mining (NMC-T, NEM-N) saw higher multiples in 2008, with the gold major posting revenues of about US$6.2 billion for the year, up 12% over 2007’s US$5.5 billion.
United States
US Beryllium Supply On The Pentagon’s Radar
The United States Department of Defense and a special Pentagon board have published a report calling high-purity beryllium a “critical material” for national security and warning that domestic sources…
U.S. stimulus package puts money into mine reclamation
U.S. President Barack Obama’s US$787 billion stimulus package includes US$125 million earmarked for the remed…
SNS Silver takes on cursed Sunshine mine
SNS Silver (SNS-V) could soon be the operator of the troubled Sunshine silver mine in the Coeur d’Alene mining dist…
Victoria Gold Bids For StrataGold
Nevada-focused Victoria Gold (VIT-V, VITFF-O) has made a friendly offer for StrataGold (SGV-T, SAGDF-O) in pursuit of its advanced Dublin Gulch gold project in the Yukon.
Quadra Mining To Buy Centenario Copper
VANCOUVER — Patience has paid off for Quadra Mining (QUA-T, QADMF-O). The Vancouver-based company, which has been quietly stockpiling cash from its Robinson copper-gold mine in Nevada, waiting for th…
Update: Atna primed to pour gold again at Briggs
[adds updated reserve and production numbers]
Record Year For US Mine Penalties
VANCOUVER — Fines for safety violations at American mines soared to an all-time high in 2008. Over the past three years, since former president George W. Bush signed a new mining code into law, the v…
Mesquite Mine Back In The Saddle
With one year of operations at the past-producing Mesquite gold mine under its belt, Western Goldfields (WGI-T, WGW-X) reports it churned out 110,410 oz. gold for 2008, just short of the 117,000 oz. g…
Federal Court Rules For Barrick In Cortez Hills Case
A U. S. judge has ruled against a preliminary injunction that would have halted construction at Barrick Gold’s (ABX-T, ABX-N) Cortez Hills gold project in eastern Nevada, disappointing groups who oppo…
Livengood Grows To 6.8M Oz. Gold For Tower Hill
VANCOUVER — With its Livengood project, 110 km north of Fairbanks, Alaska, International Tower Hill Mines (ITH-V, THM-X) already had a significant gold deposit amenable to bulk-tonnage heap leaching …
Hecla Restructures Debt, Raises US$65.6M
Hecla Mining (HL-N) is juggling debt and issuing shares to help repay a loan it took to buy out its majority partner Rio Tinto (RTP-N, RIO-L) at their co-owned Greens Creek silver mine, near Juneau in…