August 11, 2012

Excellon substantial drop in profits triggers management changes

Excellon Resources (TSX:EX) Chief Financial Officer, Steve Poad, quit on Friday after the company reported a big drop in profits in the second quarter the day before.

August 11, 2012

Yukon-Nevada Gold Corp. slips to loss in second quarter

Canadian Yukon-Nevada Gold Corp. (TSX:YNG) reported it slipped to a loss in its second-quarter due to the absence of prior year's gain and higher costs.

August 11, 2012

Platinum:gold ratio falls further

While the near term outlook for platinum remains rather poor, both HSBC and Barclays remain positive on its long term fundamentals.

August 11, 2012

Lucara to sell less diamonds than projected from its Botswana mine

Canada’s Lucara Diamonds (TSX:LUC) shares went down over 3% on Friday after the company said it expected to sell 23% less diamonds this year from its flagship Karowe mine, in…

August 11, 2012

Myanmar is open for business and ready for a gold rush

Myanmar —until recently called Burma— is slowly but steadily starting to attract foreign investment, driven mainly by international resource firms eager to tap into the mineral-rich South East Asia's country.

August 10, 2012

Atmos Global announces the launch of its new elite dust management systems at MINExpo 2012

Atmos Global ™ will celebrate the expansion of its range of elite research consulting services™, the industries they serve and their global reach by sharing at MINExpo 2012 its recent…

August 10, 2012

Highland Gold production up 9.5%, on track for output target

Russian gold miner Highland Gold said Friday it is on track to meet its full-year output target of 200,000-215,000 troy ounces of gold and gold equivalents.

August 10, 2012

Russia drafts a bill to woo foreign investors

Russian gold reserves represents roughly 10% of the world's total supply. However, foreign companies are leery to move into a country that regulates gold reserves over 50 tonnes to be…

August 10, 2012

Mexico halts operations at 32 coal mines over safety fears

The Mexican government halted operations at the coal mines in the northern state of Coahuila on Thursday due to safety issues that have already caused the death of 13 coal…

August 10, 2012

Quebec-Labrador railway may spark iron ore boom

The Canadian National Railway and the Caisse de depot pension fund manager are studying an infrastructure project for the Quebec-Labrador iron belt, which may be what Canada needs to become…