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GOLD

New Gold finishes 2013 strongly, reports 127% rise in gold reserves per share

TSX- and NYSE-listed New Gold on Thursday reported that it had finished 2013 with a strong performance from its four operations, adding that it had lifted its gold reserves per share by 127%. During the three months ended December 31,...
7th February 2014
 
ENVIRONMENT

Rare snail could impact on Golden Queen’s California flagship

An emergency petition filed with the United States Fish and Wildlife Service (USFWS) could potentially have a negative impact on TSX-listed Golden Queen Mining’s flagship Soledad Mountain precious metals project, in California. The...
3rd February 2014
 
Company Announcement

“There’s Gold in Them There ……Stars!” PDF Available

This may be a play on a quote to encourage the original gold rush miners in Georgia in the 19th century not to head off for the gold mining opportunities in California, but there is definitely some truth in it with the latest developments in the...
7th January 2014
 
DIVERSIFIED MINER

Rio appoints Lilleyman as new T&I group exec

Diversified miner Rio Tinto has appointed Greg Lilleyman the new group executive for technology and innovation (T&I), taking over from Preston Chiaro, who retires at the end of March 2014. Lilleyman’s appointment would become effective from...
10th December 2013
 
Company Announcement

Largest Known Rare Earth Mineral Deposit Discovered PDF Available

SRE Minerals Limited announces the results of exploration and studies in collaboration with the Korea Natural Resources Trading Corporation of the Democratic People’s Republic of Korea SRE Minerals Limited (“SRE” or “the company”)...
4th December 2013
 
SOUTH AFRICAN MINING

South Africa’s mining sector a ‘sunrise industry’ – Motlanthe

Despite some of South Africa’s mining sector critics pointing out the negatives, South African Deputy President Kgalema Motlanthe, who is on an official State visit to Canada, on Tuesday conversely endeavoured to lift out the positives, saying a...
27th November 2013
 
GOLD

Atna Resources swings to Q3 loss

TSX-listed Atna Resources on Monday reported a net loss of $1.2-million, or $0.01 a share, compared with profit of $147 200 oz, or $0.01 a share, in the same quarter of 2012, mainly owing to interest expense and a realised loss on derivatives....
11th November 2013
 
RARE EARTHS

Molycorp widens loss, sees a flicker of market improvement

North America’s only rare earth elements producer Molycorp, which operates its flagship Mountain Pass mine, in California, had widened its third-quarter loss as revenue dwindled year-on-year on lower sales and prices. For the three months ended...
8th November 2013
 
GOLD

New Gold achieves historic lowest-cost quarter

Intermediate gold miner New Gold has achieved its lowest-cost quarter yet, with all-inclusive sustaining cash costs over all four its operations touching $779/oz of gold, which was down 10% when compared with the same three months ended September...
21st October 2013
 
RARE EARTHS

Molycorp warns market of possible negative Q3 cash flow, shares dive

US-based rare-earth elements producer Molycorp on Tuesday warned that its expected third-quarter cash-flow requirements might be insufficient to meet its capital expansion and operating expenditures at its flagship Mountain Pass mine, in...
15th October 2013
 
PLATINUM

Friedland talks up platinum, the creation of a ‘Platinum Valley’ in Limpopo

Robert Friedland Outspoken financier and mining guru Robert Friedland is poised to make history in South Africa, as he envisions the creation of a ‘Platinum Valley’ in the platinum-rich Limpopo province that would be synonymous to hydrogen fuel cell...
11th October 2013
 
GOLD

Waste-stripping programme pays off as Atna Resources lifts Q3 output

A waste stripping programme at TSX-listed Atna Resources’ Briggs mine, in California, has enabled the company to lift third-quarter gold output 45% over the previous quarter. The company on Thursday reported gold recovery for the three months...
10th October 2013
 
 
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