July 28, 2011

Kimberley Metals launches IPO for polymetallic projects

Kimberley plans to raise up to $13.3 million to fast track its copper-gold-silver Mineral Hill mine in central NSW and develop its Sorby Hills silver-lead project in northern Australia.

July 28, 2011

Lift off for Xstrata underground project

Swiss mining giant Xstrata Zinc has begun construction on its A$246 million Lady Loretta zinc, lead and silver underground mine. The mine, located in 140 kilometres north Xstrata’s Mount Isa…

July 28, 2011

Goldcorp revenue up 62% but expected gold production in 2011 down by 6%

Goldcorp, the world's second largest gold miner, saw revenues increase by 62% over the 2010 second quarter, to $1.3 billion, on gold sales of 606,400 ounces. However, flooding, forest fires…

July 27, 2011

Nortec (NVT) announces Letter of Intent for $20.5 million option of the LK Project, Finland

Nortec Minerals Corp. (TSX VENTURE:NVT)(PINK SHEETS:NMNZF)(FRANKFURT:WMQ) has signed a binding Letter of Intent with Otterburn Ventures Inc. (CSNX:OTB). The LOI gives Otterburn the option to earn up to an 80%…

July 27, 2011

Dollar default to change gold/silver markets

Last Friday we were led to believe that the debt-ceiling crisis would be over by the start ofAsia’s business on Monday. The weekend has gone and so the deal. The…

July 27, 2011

Fear beginning to replace greed as mining boom gets long in the tooth

Despite a flurry of mergers and acquisitions and a robust IPO market reports out on Wednesday suggest that fear is slowly replacing greed in the mining finance business. The Financial…

July 27, 2011

Investing in precious metals: Is Morgan Stanley bearish on gold and silver?

The market continues to wait on a debt ceiling outcome as the August 2nd deadline nears.

July 27, 2011

Pan American metals of Miami reports on a shiny future for silver

Silver continues to have a shiny future. Silver demand from Asia is soaring, in China alone, demand rose 67% in just two years between 2008 and 2010, and the Hong…

July 27, 2011

Silver charts showing a high probability classic bullish signal

Silver has been in an uptrend since July and is now giving signals of a fast move northward. Both Comex Silver and MCX silver charts have been forming an ascending…

July 27, 2011

Gold sidelining platinum/palladium, may hit $1 800/oz by Christmas – UBS

Gold is sidelining platinum and palladium and could hit $1 800/oz by Christmas, says UBS bullion bank precious metals strategist Dr Edel Tully, who describes the present as “an extremely…