McEwen holds 33% of treasury in gold and silver

McEwen Mining, the product of the January fusion of US Gold and Minera Andes, said on Thursday its San Jose mine in Argentina produced 1.45-million ounces of silver and 20 934 oz of gold in the fourth quarter. The TSX- and NYSE-listed firm also...

Coeur would mull holding silver over cash, says CEO

Idaho-based Coeur d’Alene Mines would at a future point consider holding some of its reserves in silver, as an alternative to keeping all of its money in the bank, CEO Mitchell Krebs told Mining Weekly Online on Wednesday. The silver and gold...

Commodity markets have not yet priced in rising double-dip threat - Roubini

Commodity markets were not yet fully pricing in the rising risk that a number of advanced industrial countries, including the US, could face a double-dip recession, world renowned economist Nouriel Roubini told a South African audience this week....

Newmont ups the ante further on dividends

Newmont Mining, the second-biggest bullion producer, on Monday said it would add an extra kicker to its gold-price linked dividend, meaning shareholders will get even greater returns if the yellow metal stays high. The company first unveiled its...

Prepare for lift-off in gold miners' shares

A theme that kept cropping up at the Toronto Resource Investment Conference this week is the expectation that gold stocks are about to shoot through the roof. Speaking on Friday, Sprott Private Wealth CEO David Franklin said he expects the...

Gold could hit $2 500/oz next year as debt crisis deepens, says Sprott

The gold price could reach as high as $2 500/oz next year, and Europe’s debt woes are now “too big to handle”, Sprott Asset Management CEO Eric Sprott said on Thursday. “I’m sure it will go through $2 000/oz in a year, maybe it get’s...

Ex-Sierra CEO plans to revive old Arizona silver mine

Commonwealth Silver & Gold Mining, a private firm that lists investment guru Eric Sprott as a shareholder, plans to complete an NI 43-101-compliant resource for its Arizona silver project around mid-year, and will follow that up with a public...

Silver on its way towards historical 16:1 ratio with gold – Sprott

The price of silver is “on its way” towards a historical price ratio with gold of 16:1, investment guru and precious metals bug Eric Sprott said on Monday. “And I suspect that it will overshoot this, it might even go to 10:1,” he said at...

Industry enthusiasm grows with downturn now ‘well behind us’

Organisers of the world’s biggest mining event are expecting attendance at this year’s Prospectors and Developers Association of Canada (PDAC) convention to beat the official count of just over 22 000 recorded in 2010, which was itself a new...

PDAC convention organisers expect record crowds

Organisers of the world's biggest mining event already expect attendance at this year's Prospectors and Developers Association of Canada convention to beat the official count of just over 22 000 recorded in 2010, which was itself a new record....

'Meet a mining mogul' contest to promote SA microfinance project

Two Canadian Women in Mining (WIM) networks have come up with a novel way to drum up cash and awareness for their campaign seeking donations for a microfinance initiative in South Africa. The WIM networks in Toronto and Vancouver plan to raise at...