November 8, 2011

Robex Resources Inc./Nampala: feasibility study reveals a pre-tax net present value (NPV) of $113.6 million at $1,250 gold price per ounce, and an internal rate of return (IRR) of 46.45%

QUEBEC CITY, QUEBEC--(Marketwire - Nov. 8, 2011) - Robex Resources inc. (TSX VENTURE:RBX)(FRANKFURT:RB4) is pleased to announce the excellent results of the feasibility study for its 100%-owned Nampala project located…

November 8, 2011

Hecla declares first quarterly silver price-linked common stock dividend and preferred dividend

COEUR D’ALENE, Idaho--(BUSINESS WIRE)--Hecla Mining Company (“Hecla”) (NYSE:HL) today announced its Board of Directors has declared the first quarterly silver price-linked dividend under Hecla’s recently announced silver price-linked dividend policy.…

November 8, 2011

Hecla reports 183% increase in third quarter 2011 net income

COEUR D'ALENE, Idaho--(BUSINESS WIRE)--Hecla Mining Company (“Hecla”) (NYSE:HL) today announced third quarter net income of $55.8 million, or $0.20 per basic share, and earnings after adjustments applicable to common shareholders…

November 8, 2011

Rainy River Resources Ltd. intersects high grade within the conceptualized open pit and underground settings

TORONTO, ONTARIO--(Marketwire - Nov. 8, 2011) - Rainy River Resources Ltd. (TSX:RR) (the "Company" or "Rainy") is pleased to announce assay results from its Rainy River Gold Project ("RRGP") in…

November 8, 2011

Minefinders posts lower-than-expected Q3 results

The miner posted a net loss of $1.2m for the quarter ended September, which was below market estimates as gold and silver production was hit by cyanide supply issues. (Reuters)…

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…

November 8, 2011

2010 Nevada gold mine deaths: safety alarm was bypassed using broom handle

Huffington Post reports federal safety investigators say two Nevadans were killed in a mining accident partly because someone wedged a broom handle against a reset button to bypass an alarm…

November 8, 2011

Fiji opens third mine, now has one bauxite and two gold producers

Radio Fiji reports the island's Prime Minister Commodore Voreqe Bainimarama opened the Bua bauxite mine at Nawailevu in Bua province on Tuesday. Mining and exporting work at the mine is expected…

November 8, 2011

Osisko now says Hammond Reef hosts over 10 million ounces

Osisko Mining Corporation (TSX: OSK.TO - News)(Frankfurt: EWX.F - News) is pleased to provide an updated inferred resource estimate for its 100%-owned Hammond Reef gold project, located near Atikokan, Ontario.…

November 8, 2011

Spongebob Squarepants one ounce silver coins legal tender on South Pacific island

Animation Insider reports SpongeBob SquarePants contributes a hefty amount to Nickelodeon Consumer Product's estimated $5.5 billion in annual, worldwide retail sales. For international coin collectors – or for that one…