November 10, 2011

Anglo outmaneuvers Chile trying to get its copper assets on the cheap

Reuters reports Anglo American on Wednesday sold a 24.5% stake in its southern Chilean properties to Japan's Mitsubishi Corp. for $5.39 billion, undermining plans by Chile's state-owned Codelco to exercise…

November 10, 2011

African Metals finally gets DMS plant for Luisha South

African Metals Corporation (AFR) has reported the successful delivery of the Dense Media Separation (DMS) plant, spirals bank and ancillary equipment to the Luisha South copper project in the DRC's…

November 9, 2011

First Quantum expanding Zambian copper mine by 60%

First Quantum Minerals (TSE:FM) is expanding its Kansanshi copper mine in Zambia. The company announced Wednesday that annual copper production will increase by 60% to 400,000 metric tons by the…

November 9, 2011

Fortune Minerals agrees to fund study of gold-copper project in NWT

Fortune Minerals (TSE:FT), the Ontario company behind a huge anthracite coal project in BC, has signed a cooperation agreement with a native group for its NICO gold--bismuth-copper project in the…

November 9, 2011

Explor cancels repricing of stock options

ROUYN-NORANDA, CANADA--(Marketwire - Nov. 9, 2011) - Explor Resources Inc. (TSX VENTURE:EXS)(PINK SHEETS:EXSFF)(FRANKFURT:E1H) announces that the Board of directors has decided, after much consideration, not to reprice the 2,650,000 stock…

November 9, 2011

Gold Royalties Corporation agrees to acquire Yukon Royalty interests for $13.8 million

CALGARY, ALBERTA--(Marketwire - Nov. 9, 2011) - Gold Royalties Corporation is pleased to announce that it has signed a binding letter agreement with Strategic Metals Ltd. (TSX-V: SMD) ("Strategic"). Under…

November 9, 2011

Pan American Silver takes $12.5 million hit from Loonie depreciation

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 8, 2011) - (All amounts in US dollars unless otherwise stated and all production figures are approximate) - Pan American Silver Corp. (TSX:PAA)(NASDAQ:PAAS) ("Pan American"…

November 9, 2011

First Quantum lowers 2011 production guidance

First Quantum Minerals on Tuesday said production of 265,000 tonnes of copper and 175,000 ounces of gold is forecast for 2011 reflecting lower production to date as well as lower…

November 8, 2011

St. Augustine Gold and Copper to raise $10-$12 million for King-king

SPOKANE, WASHINGTON--(Marketwire - Nov. 8, 2011) - St. Augustine Gold and Copper Limited (TSX:SAU) ("St. Augustine" or the "Company") announces a non-brokered private placement offering for gross proceeds of CDN$10,000,000…

November 8, 2011

China’s Zijin to buy $181mn of gold mine assets

The Chinese miner issued a statement Tuesday saying that it will acquire Long Province Resources which owns gold mine assets in the Gansu province for $181.07 million. Chinese gold and…