Coeur says production restarts after strike at Mexican mine

Precious metals producer Coeur d’Alene Mines said on Thursday production has restarted at its Palmarejo mine in Mexico, following a work stoppage that started at the weekend. The shutdown would not have a material impact on 2012 output at the...

Quaterra sees 41m lb/y copper mine at MacArthur

Vancouver-based Quaterra Resources on Wednesday announced the results of a scoping study at its MacArthur copper property in Nevada, outlining a potential 41-million-pound yearly operation coming at a capital cost of $232.7-million. The project...

McEwen seeks to soothe investors on Argentina uncertainty

TSX-listed McEwen Mining CEO Rob McEwen on Tuesday moved to put out fires recent Argentina government policy decrees sparked in the investment community. In a specially held telephone conference, he lamented the unforeseen changes to Argentina...

Australia, Latin America should strengthen links – Carr

Australia’s Foreign Affairs Minister Bob Carr has called for a closer business relationship between Australia and Latin America, saying that more could be done to build on the strong foundation that mining had left. Speaking at the Latin...

Prefeas gives First Majestic's Del Toro a $147m NPV

First Majestic Silver, in the process of buying peer Silvermex Resources for C$175.4-million, on Tuesday said the measured and indicated resources at its Del Toro mine in Mexico grew 186% to 74.5-million silver equivalent ounces. According to the...

Rio Tinto offloads aluminium cable business for $185m

Rio Tinto has agreed to sell its Atlanta, Georgia-based wire and cable business Alcan Cable to NYSE-listed General Cable for $185-million, the companies said on Monday. The diversified mining giant has sold off noncore operations from the...

McEwen cautions investors about Argentina decrees

TSX-listed McEwen Mining CEO Rob McEwen on Thursday cautioned shareholders that recent energy-industry expropriation and Argentina government policy decrees augured negatively for its San José silver/gold mine and other development projects. At...

Gold upturn likely once Greek turmoil crystalises – WGC

An upturn in the gold price is likely once current Greek turmoil crystalises, says World Gold Council (WGC) investment MD Marcus Grubb. Current global macroeconomic concern is seen as a contributing factor to gold’s gradual fall since the end...

SilverCrest Mines lifts earnings, production increases

TSX-V-listed SilverCrest Mines on Tuesday reported a strong first-quarter performance, posting earnings of $6.34-million, or 7c a share, compared with a loss of $2.82-million in the same period last year. The company achieved revenue of...

US March brass mill imports, exports fall y-on-y

US imports of brass mill products eased 0.9% in March from a year earlier and exports fell 11.7% during that time, an industry group said. Imports of brass mill products in March slipped to 43.5-million pounds from 43.9-million pounds in the same...

Mercator Minerals posts $1.5m profit, Mineral Park improves

Base metals miner Mercator Minerals on Monday reported adjusted first-quarter earnings of $1.5-million, or nil a share, which was largely in line with analyst expectations of a loss of 1c a share. The TSX-listed copper, molybdenum and silver...

Search for new Baja CEO under way as Greenslade resigns

Embattled copper junior Baja Mining on Monday said CEO, president and director John Greenslade had resigned, and Tom Ogryzlo had been appointed as interim CEO. The company said in a statement that while a search for a new CEO was under way, CFO...