Allied Nevada closes C$400m senior notes offering

TSX-listed Allied Nevada on Friday said it had successfully closed a senior unsecured notes offering totalling about C$400-million, carrying a coupon of 8.75% and due by 2019. At the same time the company entered into a cross-currency interest...

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...

Allied Nevada announces C$400.4m senior note offering

Amex- and TSX-listed Allied Nevada Gold on Tuesday announced it had entered into a bought deal agreement for senior unsecured notes to the value of C$400.4-million. The notes agreement is with Scotia Capital and GMP Securities and includes a...

Great Basin meets Burnstone production target, Nevada falls short

JSE- and TSX-listed Great Basin Gold’s Burnstone mine, in Balfour, South Africa, has exceeded its gold production forecast for the three months ended March, the company reported on Tuesday. Burnstone produced 6 671 oz of gold for the period,...

High noon approaches in Rye Patch-Coeur brawl

The stage has been set for a legal showdown between junior Rye Patch Gold and US precious metals producer Coeur d’Alene Mines in their fight over the ownership of mineral claims in Nevada. The Nevada Sixth Judicial District Court has appointed...

Coeur lifts profit 11%, resumes mining in Alaska

US-based precious-metals miner Coeur d’Alene on Monday posted higher first-quarter earnings, on the back of stronger gold and silver prices, significantly reduced costs of silver production and resumed mining at its Kensington mine, in Alaska....

Miner evaluating renewable-energy generation for US mine

Canada-based American Vanadium has engaged engineering and construction management services supplier Hanlon Engineering to evaluate the installation of renewable energy generation for its Gibellini mine, in central Nevada.

Newmont posts 9% rise in profit, Peru project remains suspended

NYSE- and TSX-listed Newmont Mining on Friday reported a 9% increase in first-quarter profit to $561-million, or $1.13 a share, keeping within its expectation for the year. The multinational gold miner lifted revenue for the quarter by 9%, to...

Newmont Mining profit rises on higher gold prices

Newmont Mining Corp, the world's second-largest gold producer, said its quarterly profit rose as gold prices outpaced higher labor and power costs at its mines. First-quarter earnings were $561-million, or $1.13 per share, compared with...

McEwen Mining gold, silver output dip

TSX- and NYSE-listed McEwen Mining on Wednesday said first-quarter production at the San Jose mine totalled 1.36-million ounces of silver and 20 357 oz of gold – down from production in the same period last year. The San Jose mine, in which...

Company Announcement: Mesa Exploration Announces Changes to the Board of Directors

Mesa Exploration Corp. is pleased to announce the appointment to the Board of Directors Greg French and Larry Kornze effective immediately.

Dippenaar out to win back confidence in Great Basin

For Great Basin Gold, which owns gold mines in Nevada and South Africa, the last year has been gruelling. So gruelling in fact, that CEO Ferdi Dippenaar summed it up on Tuesday when he bluntly said: “2012 can never be as bad as 2011”. The...