Measured and indicated resources at its KSM (Kerr, Sulphurets, Mitchell) property in northern British Columbia now total 49.9 million ounces of gold, 12.7 billion pounds of copper, 261 million ounces of silver and 304 million pound of molybdenum, Seabridge Gold Inc. said this morning. Seabridge said that a successful 2011 drill campaign at its...
Thompson Creek Metals Co. Inc. reported yesterday that the commissioning of its new Endako mill near Fraser Lake, BC is complete and that commercial production was achieved on Feb. 1. For the first five days of February, the new mill was running at or above its design capacity of 55,000 tpd, a 77% increase over...
Its fall drilling program intersected long intercept of copper in a part of the property that had never been drilled and greatly expanded the Western Zone at its Lone Mountain project, which lies between Freeport-McMoRan Copper & Gold Inc.’s Chino and Tyrone properties near Silver City, N.M., Copper One Inc. reported yesterday. Results from...
Its Copperstone gold mine in western Arizona has achieved several significant milestones as the operation moves towards full production, American Bonanza Gold Corp. reported this morning. The crushing and grinding facilities and the gold-processing plant have completed commissioning and have recently operated for one week at 79% of the 450 tpd design capacity during...
Allied Nevada Gold Corp. has been ordering critical long-lead mining and processing equipment for its expansion projects at the Hycroft gold/silver mine in Nevada and has come in 2% under the feasibility estimates. The Nevada mining company said this morning that to date, it has spent or committed $354.9 million, 2% below the feasibility estimate....
Wildcat Silver Corp. has greatly increased — to about 270 million ounces — the silver resouces at its Hermosa project in Santa Cruz County, southern Arizona, it reported this morning. The updated mineral resource comprises an indicated resource of 101.4 million tonnes of 53.18 gpt silver for 171.3 million ounces and an inferred resource of...
Molycorp Inc. said today that a $390 million strategic investment from Santiago-based Molibdenos y Metales S.A. (Molymet), the world’s largest processor of the strategic metals molybdenum and rhenium, will finance its growth and will help the rare-earth processor continue to pursue its vertical supply chain integration business model. The Chilean firm gets 12.5 million...
Korea Electric Power Corp. is investing $8 million in the first phase of Strathmore Minerals Corp. Gas Hills uranium properties in Wyoming, the Vancouver-based firm said this morning. KEPCO will subscribe for 13.9% of common shares of Strathmore, or 1.46 million shares at C$0.55. In addition to the shares, the agreement contains an off-take...
U.S. Silver Corp. is proceeding with development work to support the re-opening of the Coeur silver mine, which is adjacent and connected underground to the company’s operating Galena mine in the prolific Silver Valley near Wallace, Ida., the company said today. First production from the Coeur mine is targeted for the end of this...
A report it contracted from SENES Consultants Ltd. concludes that its proposed large-scale monazite rare-earth extraction facility can be operated safely and effectively, while complying with all major national and international mining and environmental safety standards, Medallion Resources Ltd. said this morning. That would quickly open up vast resources of rare earths from what...
By acquiring shares from third parties, Rio Tinto has become majority owner of Ivanhoe Mines Ltd., which in turn is majority owner of the Oyu Tolgoi copper/gold project in Mongolia. Rio Tinto’s stake in the Canadian firm is now 51%, it reported this morning. “Rio Tinto’s move to a majority stake in Ivanhoe further...
