Posts Tagged ‘mining’

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Silvercorp forecasts 20% increase in silver production for fiscal year 2013

VANCOUVER, BRITISH COLUMBIA–(Marketwire – Feb. 9, 2012) -   Silvercorp Metals Inc.  (“Silvercorp” or the “Company”) (TSX:SVM)(NYSE:SVM) today released production guidance for fiscal year ending March 31, 2013. The Company forecasts its silver production to increase by 20%, gold production to increase by 90%, and lead and zinc production to increase by 12% and 63% respectively, marking the 8 th  consecutive year of increases ... Full story

San Gold Announces 84 Vein Drilling Results

San Gold Announces 84 Vein Drilling Results
WINNIPEG, MANITOBA, Feb 08, 2012 (MARKETWIRE via COMTEX) — San Gold Corporation  CA:SGR -2.21% (otcqx:SGRCF) today announced the results of drilling in the 84 Vein of the Rice Lake Mining Complex in Manitoba, Canada. Full story

South Africa platinum miners given 20 days for lapsed rights ideas

Platinum miners in South Africa have 20 days to provide ideas on lapsed and revoked mineral rights as the government looks to drive forward exploration in the country, reports Mining Weekly. A Government Gazette notice inviting comments on the... Full story

Eurasian Minerals and Bullion Monarch Mining Enter Into Merger Agreement

VANCOUVER, BRITISH COLUMBIA–(Marketwire – Feb. 7, 2012) -  Eurasian Minerals Inc Full story

South Africa says no to mines nationalization

The South African government has quashed persistent rumours about nationalizing the country’s mining industry. AFP reports the government has no plans to nationalize its mines despite the radical rhetoric being espoused by some in the ruling ANC party: “As we speak, nationalisation is not a policy of the government or ANC,” Godfrey Oliphant, deputy minister for mineral resources, told a round-table ahead of the ... Full story

The Yukon gold rush simplified: A guide for investors, Part One

This is the first of a series of short articles aimed at the lay person or investor wanting to understand the present-day gold rush in the Yukon. Background information (geography, geology, history, and mineral deposits) as well as basic terminology, exploration techniques, and how an explorer can be successful or fail miserably will be explained in simple to understand terms.  In the end we ... Full story

Ethical Coal: Mongolia’s sparkling potential amidst regional energy demand

Ethical Coal: Mongolia’s sparkling potential amidst regional energy demand
The new frontier country driven by resource-based economy Mongolia is land-locked country in East and central Asia, bordered by Russia to the north and China to the south, east and west. With a population of 2.8 million people occupying 1.56 million square kilometers (roughly the size of Alaska), it is the most sparsely populated country in the world.  A fledgling democracy just over 20 ... Full story

Northern Gold Raises Over $3.8M Through the Exercise of Warrants Issued Pursuant to a $2,500,500 Previous Private Placement

TORONTO, ONTARIO–(Marketwire – Feb. 3, 2012) -  Northern Gold Mining Inc. (“Northern Gold” or the “Company”) (TSX VENTURE:NGM ) announces that since issue 25,074,270 warrants have been exercised for gross proceeds of $3,862,700. Full story

White Tiger Announces Start of Long Hole Production at Lamaque

ROAD TOWN, TORTOLA, BRITISH VIRGIN ISLES–(Marketwire – Feb. 3, 2012) -  White Tiger Gold (“White Tiger” or the “Company”) (TSX:WTG) is pleased to announce that it is starting Long Hole ore production from the mines North Wall Full story

Golden Star Resources reboots oxide plant, gains 70,000 ounces production

Originally the Bogoso/Prestea oxide plant in Ghana operated from 1990 to 2008, until it was sidelined due to a lack of an adequate oxide ore supply required to keep the plant afloat. After three years of being put on care and maintenance, Golden Star Resources (TSX: GSC ) (AMEX: GSS ) announced the re-commissioning of the oxide plant at Bogoso/Prestea, a move that’s expected ... Full story
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