June 17, 2011

Gold & silver stock bottom likely days away

Gold and silver equities have led the markets lower and have underperformed the metals significantly this year. For the past month or so gold has firmed and Bonds have moved…

June 17, 2011

Alcyone pours first silver from Twin Hills, hopes to produce 2m oz/year at a cost of $15/oz

Australian junior miner Alcyone Resources has poured its first silver bullion from its 100%-owned Texas silver and polymetallic project in Queensland it acquired 18 months ago, after starting in early…

June 17, 2011

Tax issues at Konkola Copper Mines, First Quantum – Zambian Finance Minister

Zambia's finance minister said on Thursday that audits had highlighted tax "issues" with Konkola Copper Mines (KCM), owned by London-listed Vedanta Resources (VED.L:Quote), and Canada's First Quantum Minerals (FM.TO: Quote)…

June 16, 2011

India raises interest rates, worrying signs for gold

Rising inflation in China and India's tenth interest rate hike since March 2010, is set to take a toll on consumers preference for the yellow metal, according to analysts and…

June 16, 2011

Gold Mining in Eritrea

Gold miners are expanding their focus in Africa to the northeast of the continent, a region that in the past, was largely bypassed by gold explorers. Northeast Africa already has…

June 16, 2011

Peel Mining Limited (ASX:PEX) announcs strong IP anomalies at Ruby Silver project

In April/May, Peel Mining Limited (ASX:PEX) undertook an 18 line kilometre IP survey over the historic Tulloch silver mine and Rockvale arsenic mine areas in preparation for an upcoming drill…

June 16, 2011

Heatherdale closes $9.3 million financing

Heatherdale Resources announced that it has closed the previously announced non-brokered private placement of 11,314,255 units of its capital at a price of $0.83 per unit for gross cash proceeds…

June 16, 2011

Sulliden Reports 89% Gold Recovery From Heap Leach Test Program at Shahuindo

Sulliden Gold announced positive results from feasibility-level metallurgical test work focused on the oxide-bearing gold and silver material at its 100%-owned Shahuindo Project located in Peru.

June 16, 2011

Peru miners want proposed tax based on profits

Top miners in Peru expect to have to pay a new tax on windfall profits proposed by President-elect Ollanta Humala, but on Wednesday urged the incoming government to refrain from…

June 16, 2011

Sulliden doubles indicated gold estimate at Shahuindo, Peru

Sulliden Gold Corporation Ltd. (TSX:SUE)(OTCQX:SDDDF) has completed a new gold and silver mineral resource estimate for its 100%-owned Shahuindo Project in Peru. The updated estimate delivered a 121% increase of…