New Mexico Mining News

When paying $1 for a coal power plant is still paying too much

A New York-based company is in talks to buy the 847-megawatt San Juan Generating Station for $1, after four of its five owners decided to shut it down.

High-grade gold discovery in New Mexico doubles the opportunities for Southern Silver Exploration

The discovery of a widespread oxide gold system at the Oro deposit in New Mexico creates a second prospect for Southern Silver Exploration.

End of the line for Chino’s storied union

The southern New Mexico mining town of Santa Rita no longer exists, even as a ghost town, except in the memories of Terry Humble and others who lived there.

Exploration underway around Pajarito Mountain in New Mexico

Drilling has started on the Mescalero Apache Reservation in a search for financially viable sources of rare earth elements to mine.

THEMAC initiates exploration on potential gold deposit near copper Flat project

Exploration highlights: Samples contain strongly anomalous gold values with values as great as 90.6 g/t and 76.3 g/t

IC Potash courts partners for New Mexico project

TSX-listed IC Potash is in talks with “quite a few” companies to partner on its Ochoa project in New Mexico, and hopes to have an agreement penned within the next 12 months, CEO Sidney Himmel told Mining Weekly Online.

Potash junior successfully raises $20m

TSX V-listed IC Potash, which has projects in New Mexico, said on Thursday it had successfully raised $20-million in a bought deal offering. The company will use the money to develop its Ochoa project