Hecla Mining’s bid to take over US Silver falls through
US Silver board of directors voted instead to merge with Canadian RX Gold & Silver and form a new firm.
Cecilia Jamasmie , Editor-in-Chief
Posts by Cecilia Jamasmie:
South Africa’s gold production continues to fall
South Africa's total mineral production grew 4.2% in June but the negative trend in gold output continued its course with bullion output dropping 4% by volume.
Coeur d’Alene beats analysts’ estimates, acquire Hundra Silver shares
USA’s largest primary silver producer, Coeur d’Alene Mines (NYSE:CDE)(TSX:CDM), reported a second-quarter profit on Tuesday that beat analysts' estimates thanks to cost cutting and improved gold production results at its Kensington gold mine in Alaska.
Miners to finally stop rejecting each other’s advances
For those who expected that Canada’s reporting season would give its subdued mergers-and-acquisitions market a good push, consultants from Ernst & Young have a clear message: a merging frenzy this way comes.
BHP in talks to sell Ekati diamond mine to Harry Winston
A deal between BHP Billiton and Toronto-based jeweller Harry Winston Diamond might be around the corner according to the Financial Times.
Mexico’s record gold production takes it closer to bullion superpower status
Mexico may not be breaking records at London’s Olympic Games, but back home it is scoring big. On Monday, the Mexican Chamber of Mining announced the country hit a new record in gold production in 2011.
From women’s fingers to fingernails: Jeweller launches $250k black diamonds-based nail polisher
Hollywood-based jewellery company Azature, has started selling a $250,000 nail polish containing 267 carats of black diamonds.
Barrick pursuing acquisitions despite operations and projects review
Barrick Gold, the world’s largest producer of the precious metal, said it would continue to pursue acquisition opportunities despite the full review of its operations.
Xstrata to create world’s biggest zinc mine
Xstrata has approved a $360 million expansion for its McArthur River mine in Australia’s Northern Territory which will make the project the largest producer of zinc in the world.
AngloGold Ashanti’s Latin America profit plunges 52%
AngloGold Ashanti's, the world’s third-largest gold producer, reported that profits from its Latin American operations dropped 52% from $92 million to $48 in the second quarter of this year.
Uranium hopeful DevEx makes bold play under new chief
Former Rio Tinto executive Marnie Finlayson has taken on the role of managing director of uranium explorer DevEx Resources.
