In consideration of the ongoing uncertainty in the uranium and securities markets, Energy Fuels has taken a number of steps to reduce its rate of spending. Energy Fuels’ capital preservation strategy is being implemented to ensure that the Company will be in place with strong, developed assets, ready to catch any significant upswing in the [...]
Kinross Gold Corporation announced that it has entered into separate agreements with Teck Cominco Limited and certain subsidiaries of Anglo American plc pursuant to which Kinross will acquire a 100% interest in Minera Santa Rosa SCM for an aggregate purchase price of approximately US$250 million, plus a royalty. Minera owns 100% of the Lobo-Marte [...]
Hidalgo Mining International, an innovative mining company headquartered in Port Washington, N.Y., announced plans to build a small pipeline to lower production costs.
President Mark Daniel Klok stated: “In light of the extraordinarily high fuel costs, management has been evaluating ways to effectively increase profitability with mining and production expected to begin on the Fifa Land [...]
Lakeside Steel Inc. announced that it reached a tentative agreement with the Canadian Auto Workers, Local 523 (”CAW Local Union”) representing about 400 employees of Lakeside Steel Corporation (”Lakeside”), the wholly-owned subsidiary of Lakeside Steel, for a three year term ending October 31, 2011.
The agreement is subject to approval by members of the CAW Local [...]
Sage Gold announce that it has closed a further non-brokered private placement of Cdn $250,000 through the sale of 2,000,000 flow-through units at $0.125 per unit to MineralFields Group.
This placement is in addition to the previously announced placement of $1,950,000 with several institutional investors and the $1,250,000 placement with MineralFields Group under the same terms [...]
Titan’s “Norgold” property sits adjacent to the old “Sakoose” Gold Mine, which produced gold from 1897 to 1902 until operations were suspended when the mill burned down in 1902. During that time, it was only mined to a depth of approximately 60 metres. Production totaled 3,669 ounces of gold from the 8,828 tons extracted (= [...]
Richmont Mines Inc. a gold exploration, development and production company with operations in North America, today announced that it has completed diamond drilling activities from drill station # 5 at the past-producing Golden Wonder Mine near Lake City, Colorado. A total of 16 holes were completed by Richmont Mines in 2008 for a total of [...]
Minefinders Corporation Ltd. report the commencement of leaching operations at its Dolores gold and silver mine in Chihuahua, Mexico and provide an update on mine operations.
Commencement of Leaching and Dolores Update
“Leaching of the first ore panel has commenced and we anticipate first gold and silver production in the next few weeks” said Mark Bailey, Minefinders’ [...]
GobiMin Inc. announced that it will start a strategic review on the development of Yellow Mountain nickel/ copper project due to the recent dramatic decline of nickel and copper price. At this time, it is uncertain how long metal price will remain depressed therefore the Company believes that it is a prudent course of action [...]
Silver Falcon Mining, Inc. details progress on the War Eagle Project. The entrance to the Belle Peck tunnel has now been protected by the installation of massive steel pipes which will allow easy vehicular entrance to the Belle Peck adit and permanent access to the Gold and Silver (Poorman) veins on the mountain. The adit [...]
