June 25, 2012

Midway Gold announces unit offering

While the price and number of units to be offered has not yet been determined, the proceeds will be used to pay for administrative fees and increase working capital.

June 25, 2012

Power to China in the IMF – does this mean gold to be mobilized?

While the B.R.I.C.S nations are contributing to the I.M.F.’s funding with the purpose of shoring up the global financial system, they’ve stipulated that they want more power in the I.M.F.

June 25, 2012

El Tigre Silver Corp. announces closing and extension of private placement

The proceeds from the Private Placement will be used to further work on the tailings recovery project, continue exploration on the El Tigre Property and for general working capital purposes.

June 25, 2012

Coeur d’Alene evaluating Argentina mine, offers $350m in senior notes

US-based precious metals producer Coeur d'Alene Mines Corp said Monday it would evaluate strategic and operational alternatives for its silver and gold Martha mine in Argentina to reduce its high…

June 25, 2012

Anglo and Codelco like the boy who cried wolf: dispute deadline moved to July 17

London-based Anglo American and Chile's state-owned Codelco did not came to an agreement on Friday over disputed copper assets which has had the miners engaged in a bitter legal confrontation…

June 25, 2012

New Pacific Metals Corp. announces share repurchase program

The Canadian-based company intends to repurchase up to 5,000,000, representing 7.4% of the company, million common shares from June 27, 2012 to June 26, 2013.

June 25, 2012

Alexco Reports Bellekeno production back online after wildfire disruption

On Friday a lightning strike triggered a wildfire two kilometers from Keno City and the Bellekeno mill facility. The wildfire was contained by Yukon Wildland Fire Management with the assistance…

June 25, 2012

Primero discovers new high-grade vein in West Block

The discovery currently comprises five high-grade intercepts that include 16.0 grams per tonne g/t of gold and 508 g/t of silver over 2.9 metres.

June 22, 2012

Peru tries solving Xstrata’s conflict to stop mining investments from falling

Peruvian authorities met Thursday with representatives of the town of Espinar in southern Peru, to resolve a conflict between the community and Xstrata’s Tintaya copper mine, which they accuse of…

June 21, 2012

Traders with Bernanke blues sell off metals, gold drops $50

The slide in the spot price of gold triggered by disappointment over the Fed's actions – or lack thereof – yesterday accelerated in Thursday trade with the precious metal giving up $50…