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Emgold outlines nearly 300 000 oz of gold, plans 2-phased approach to develop Golden Arrow

By: Henry Lazenby     21st March 2018 A technical report on the Golden Arrow deposit, in Nevada, has outlined compliant indicated and measured resources of nearly 300 000 oz of gold, showing the project is deserving of further work to determine its financial viability, a news release by junior explorer Emgold Mining advised this... 

Integra declares maiden resource at Florida Mountain

By: Henry Lazenby     9th February 2018 Development company Integra Resources has declared a maiden resource at its Florida Mountain gold/silver project, located 8.5 km east of Integra's DeLamar deposit, in southwestern Idaho. The Vancouver-based company reported a Canadian National Instrument 43-101-compliant inferred resource of... 

Rye Patch raises $20m to further ramp up Nevada gold mine

By: Megan van Wyngaardt     1st February 2018 Nevada-based miner Rye Patch Gold has completed a private placement whereby it issued 15.38-million units at $1.30 apiece to raise $20-million. Each unit comprised one common share and one share purchase warrant, which is exercisable to acquire one common share at an exercise price of $1.65 until... 

Global Geoscience appoints Amec for US lithium project study

By: Creamer Media Reporter      17th January 2018 Australia-based lithium/boron mine developer Global Geoscience has selected Amec Foster Wheeler as the engineering and design firm to complete the prefeasibility study (PFS) for the Rhyolite Ridge project in the US. Announcing the appointment on Wednesday, Global Geoscience MD Bernard Rowe said... 

Integra seals DeLamar acquisition, gains TSX-V listing

By: Henry Lazenby     4th November 2017 Exploration company Integra Resources has closed the cash-and-scrip acquisition of its flagship DeLamar gold and silver project, in Southern Idaho, from a subsidiary of Kinross Gold, it advised on Friday. Under terms of the acquisition, Integra paid Kinross C$7.5-million in cash and issued... 

Integra quick to outline inferred resource at DeLamar mine, Idaho

By: Henry Lazenby     11th October 2017 Junior explorer Integra Resources has outlined a new inferred resource at the DeLamar gold/silver mine, in southern Idaho, saying it is a critical first step on an 18- to 24-month journey to develop the brownfield project. “There is appetite in the market for new stories right now. DeLamar has... 

Tahoe goes into damage control after flagship mine suspended

By: Bloomberg     14th July 2017 Tahoe Resources, whose flagship Guatemalan mine has been suspended, is taking steps to cut costs, including possibly slowing an expansion of a project in Peru and trimming exploration. The Reno, Nevada-based company may also discuss halting its dividend at an August board meeting and might slow... 

Nevada, Advantage intersect lithium-bearing brines at Clayton Northeast

By: Anine Kilian     6th December 2016 Lithium-bearing brines have been intersected at TSX-listed Nevada Sunrise Gold and exploration partner Advantage Lithium’s Clayton Northeast lithium brine project in Nevada’s Clayton Valley, in the US, the companies announced Monday. The Clayton Northeast project borders Albemarle’s Silver Peak... 

Barrick sees ‘perfect storm’ brewing around cost-effective renewables

By: Creamer Media Reporter      20th September 2016 Renewable-energy sources have reached the stage where they can reduce energy costs as well as emissions, Barrick Gold’s senior manager of energy and greenhouse gases (GHGs), Russell Blades, tells Energy and Mines. “We are seeing a ‘perfect storm’ brewing around renewables. Solar and energy... 

Sinking gold price changed US mining landscape during H1 – USGS

By: Henry Lazenby     4th August 2015 The sliding gold price contributed to a significantly changed US gold-mining landscape during the first half of 2015, influencing a 9% year-on-year decrease in domestic output for April, the US Geological Survey (USGS) said in a new mineral industry survey on the yellow metal. Gold output by US... 

Pershing Gold lifts Relief Canyon resource 34%

By: Henry Lazenby     7th July 2015 Emerging precious metal producer Pershing Gold has lifted the measured and indicated resource at its flagship Relief Canyon mine project by 34%, reflecting improved confidence in the resource model. Reno, Nevada-based Pershing on Monday reported that an upgraded National Instrument... 

Pershing Resources starts pilot mill testing, expects modest cash flow 

By: Tracy Hancock     1st July 2015 Reno, Nevada-based Pershing Resources had started testing its pilot mill at a facility near Kingman, Arizona, in the US, marking the achievement of a major goal for the company and shareholders, Pershing Resources CEO Steve Plumb said on Tuesday. "We have developed the beginnings of a production... 

Allied Nevada files for bankruptcy

By: Henry Lazenby     10th March 2015 US miner Allied Nevada Gold has filed for Chapter 11 bankruptcy protection after protracted weak precious metals prices and a heavy debt load had forced it to restructure its debt. On Tuesday, Reno, Nevada-based Allied Nevada, which currently operated the Hycroft gold/silver mine in the state,... 

Golden Queen says California precious metals project on schedule

By: Creamer Media Reporter      26th November 2014 The Soledad Mountain gold and silver project near Mojave, in California, is proceeding on schedule, with processing facilities set to be commissioned in late 2015, TSX-listed Golden Queen Mining reported on Tuesday. The Vancouver-based company said its 50%-owned subsidiary, Golden Queen Mining... 

Technical report confirms exploration upside at Newstrike’s Ejutla project

By: Henry Lazenby     19th August 2014 Mexico-focused explorer Newstrike Capital on Monday said it had completed an independent technical report on its Ejutla property, in Oaxaca state, Mexico, which confirmed three significant mineralised structural corridors, each host to extensive gold/silver-bearing low-sulphideation epithermal... 

Allied Nevada profit declines despite higher output

By: Henry Lazenby     6th May 2014 Despite operational improvements at its flagship Hycroft mine, in Nevada, which had resulted in US miner Allied Nevada Gold reporting soaring first-quarter precious metals output, its net profit declined by 96%. The Reno, Nevada-based miner on Monday reported that for the quarter ended March 31,... 

Allied Nevada achieves Q1 guidance

By: Henry Lazenby     8th April 2014 US miner Allied Nevada Gold on Tuesday said it had achieved its first-quarter production and sales targets at its flagship Hycroft mine, in Nevada. For the three months ended March 31, the Reno, Nevada-based company reported gold output rising 58% to 60 114 oz, and silver output more than... 

Allied Nevada concerned about credibility of takeover offer

By: Henry Lazenby     14th January 2014 US miner Allied Nevada Gold on Tuesday said it had serious concerns about the credibility of a takeover proposal it received on Monday from China Gold Stone Mining Development. Reno, Nevada-based Allied Nevada responded to an announcement from China Gold Stone indicating that it had started a... 

Mining companies need to consider renewable energy

8th November 2013 South Africa’s mining companies are currently facing severe financial losses owing to strike action amid ongoing wage negotiations. These challenges, coupled with rising administered costs and fluctuating commodity prices, highlight the need for the industry to look at how best it can increase... 

Allied Nevada narrows Q3 income on lower prices, rising costs

By: Henry Lazenby     6th November 2013 US miner Allied Nevada Gold has narrowed its third-quarter profit to $5-million, or $0.05 a share, which was 64% down from the $13.4-million, or $0.15 a share, the company reported in the same period of 2012. Allied Nevada said late on Tuesday that despite its financial results for the quarter... 

Renewable power sources becoming business propositions

By: Henry Lazenby     26th September 2013 Mining companies these days are considering implementing various renewable power projects at mine sites mainly to reduce greenhouse-gas (GHG) emissions, to demonstrate sustainability and to drive down costs, a representative from the world’s biggest gold miner, Barrick Gold, told the Renewable... 

Allied Nevada defers Hycroft mill expansion, stocks slide

By: Henry Lazenby     7th August 2013 The TSX-listed stock of gold miner Allied Nevada on Wednesday continued to slide, a day after the Nevada-focused miner said it would defer construction of the mill at Hycroft until it had completed a new feasibility study to optimise the project. The Reno, Nevada-based company’s shares dropped... 

Wesdome halts contract mining at Ontario openpit as stockpile grows

By: Henry Lazenby     17th June 2013 Canadian miner Wesdome Gold Mines on Monday said it had temporary suspended contract mining at the Mishi openpit mine, located near Wawa, northern Ontario, as a considerable stockpile of ore grew at the nearby Eagle River mill. The company said it was fast-tracking a multi-pronged upgrade to its... 

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