August 4, 2011

High Desert Gold discovers new areas of gold/silver mineralization at its Mexico project

High Desert Gold Corporation announced on Thursday that the Company has identified two new areas of high-grade gold/silver and base metal mineralization, and a third area of skarn mineralization, at…

August 4, 2011

Strikers to vote on defiant Chile Escondida offer

The world's top copper mine, Chile's Escondida, refused to improve a bonus to defuse a 13-day strike on Wednesday, presenting an offer the union said fell short, but that workers…

August 4, 2011

New Gold profit jumps, keeps cash costs at $400/oz

New Gold, which owns mines in Mexico, the US and Australia, and is also developing projects in Canada and Chile said second-quarter earnings rose to $49.8 million from a year-earlier…

August 3, 2011

Antofagasta boosted by Esperanza, looking outside South America

Bloomberg reports Antofagasta Plc, the copper giant controlled by Chile’s Luksic family, on Wednesday said second-quarter output increased 17% boosted by additional ore from the Esperanza mine in Chile that…

August 3, 2011

Peru’s metal output falls across the board, silver down 22%

Production of Peru's gold, copper, silver and zinc fell in June, continuing a trend of lower output this year, the The Ministry of Mines and Energy said Wednesday. Silver production…

August 3, 2011

Iamgold’s Rosebel gold mine resumes operation

Iamgold announced that a 36-hour work stoppage of the mill at the Company's Rosebel Gold Mine in Suriname ended Wednesday morning when agreement was reached with regard to a possible…

August 2, 2011

Strike shuts down Canada-owned gold mine in Suriname

Suriname's only commercial gold mine, the Rosebel Gold Mine which is majority owned by Canada's Iamgold, has been shut down by a strike by 1,100 workers protesting new longer shift…

August 1, 2011

Korea inks lithium deal with Bolivia to mine world’s largest salt flats

The Korea Herald reports a Korean consortium forged an agreement with Bolivia’s state-run miner Comibol over the weekend to manufacture lithium-ion battery parts, boosting Korea’s bid to tap the largest…

August 1, 2011

Peru’s Portage Resources rewards speculators with 10:1 split, stock’s rollercoaster ride gathers pace

In late morning trade shares in Miraflores-based Portage Resources had gained more than 12% after announcing a 10:1 future stock split that would, after cancellation of some of the shares…

July 31, 2011

Mexico ups gold reserves by over 90 tonnes in two months

Mexico massively ramped up its gold reserves in the first quarter of this year, buying over $4 billion of bullion as emerging economies move away from the ailing U.S. dollar,…