July 18, 2012

Fresnillo gold output record high and miner confident of meeting targets

The world's largest primary silver producer and Mexico's second largest gold producer, Fresnillo PLC reached record gold production levels and says it remains confident that it will meet its gold…

July 18, 2012

First Majestic’s production in Mexico up 14% in Q2

Vancouver-based First Majestic Silver had a 14% increase in total production at its La Encantada, La Parrilla and San Martin silver mines in Mexico for the second quarter ending June…

July 18, 2012

Orex and Fresnillo award a 12,000 metre diamond drilling contract for the Coneto silver-gold project in Durango

Orex Minerals in conjunction with their project partner Fresnillo PLC, have selected Kluane Drilling as the service provider for a 12,000 meter drilling program on the Coneto Silver-Gold Project in…

July 18, 2012

Kiska adds $1.5 million to treasury through non-core asset sale

The sale of the company's minority interest in the Tide project is part of Kiska's ongoing strategy of maximizing capital and resources to its core mineral projects, most notably the…

July 18, 2012

Kimber announces $5 million bridge loan credit facility

The company has entered into a bridge loan credit facility with Sprott Resource Lending Partnership "to advance the Monterde project in the prolific Sierra Madre gold-silver belt in Mexico."

July 17, 2012

AuRico dives 12% over Mexico production problems, announces new CEO

AuRico Gold Inc. (NYSE:AUQ) shed 12% on Tuesday on massive trading volumes, after its preliminary operational results for the second quarter provided a few nasty output surprises and its CEO…

July 17, 2012

Petaquilla Minerals Ltd. proposes private placement of US$210 million senior secured notes

The company intends to offer on a private placement basis $210 million of senior secured notes due in 2017.

July 17, 2012

Michael Brown announced as new CEO of Argentex

Michael J. Brown will fill the offices of President and Chief Executive Officer and lead the company through the expansion of its silver-gold project in Santa Cruz, Argentina.

July 16, 2012

Mongolia’s new rulers may put world’s richest coal deposit beyond reach

The Democratic Party which campaigned on sharing more of the spoils of mining with Mongolian citizens won the majority of seats while the junior partner in the new ruling coalition,…

July 16, 2012

Excellon stock falls as labour dispute grinds Mexican ops to a halt

Excellon Resources fell 8% on Monday, after announcing it could run out of stockpiled ore at its Zacatecas-state mill "within the next few days" after a dispute with workers and…