Bullion Monarch Mining Inc. Continues to Earn Record Revenues
Mar/17/2010 | Under : Companies - Exploration - Gold Mine - Investment - Oil and Gas Drilling
Bullion Monarch Mining Inc., a precious metals royalty and resource development company based in the United States, is pleased to again announce record quarterly revenue of $1,501,769 for the company’s third quarter ended January 31, 2010. This substantial boost in revenue is the result of increased production both in grade and volume by Newmont Mining in the prolific Northeast Nevada Carlin Trend. This represents a year over year quarterly revenue increase of approximately 49% and quarterly earnings of about USD $0.01 per share.
Newmont Mining’s declaration of increased exploration and development in areas where Bullion Monarch Mining holds royalty interests, confirms the company’s internal position of growing royalty revenues from the area over the long term. [Read More]
Moly Mines Investment Gets Final Approval From China Government
Mar/17/2010 | Under : Companies - Investment - Metals & Mineral - Mineral Exploration - Steel Industry
A major investment by a Chinese company puts a big mining project near Eureka back on track.
General Moly Mines Ltd. expects to begin mining construction of its Mount Hope molybdenum mine in early 2011, with production scheduled to begin 20 months later.
Construction employment is projected to average more than 700 workers, with peak employment near 1,000. General Moly has said the mine will employ 400 people when it’s in operation.
The project had been on a slow track until General Moly reached agreement with Sichuan Hanlong Group about 10 days ago.
The Chinese company will make an $80 million equity investment in General Moly, taking a 25 percent stake in the company headquartered at Lakewood, Colo. [Read More]
Gold and Copper Exploration Companies Poised to Shine in 2010
Mar/08/2010 | Under : Copper Mine - Gold Mine - Stock - Trade & Market
Shares of gold and copper exploration companies are the most likely to shine in the Canadian junior mining sector this year, as large miners raise their exploration budgets and scout for promising projects.
Small-cap stocks on the TSX Venture exchange enjoyed a strong run last year with the S&P/TSX Venture Composite Index gaining more than 90 percent through the course of the year.
[Read More]
TNR Gold Engages Financial Advisor for Its Los Azules Copper Mine Project
Mar/02/2010 | Under : Companies - Copper Mine - Exploration
TNR Gold Corp. is pleased to announce that it has engaged British Swiss Investment Corp. to undertake a strategic review of TNR’s alternatives for its Los Azules copper mines project located in the San Juan Province of western central Argentina. [Read More]
Argentina Threatened Mining Company BHP Billiton Oil Drilling Activities in Falkland
Feb/28/2010 | Under : Companies - Crude Oil - Exploration - Oil and Gas Drilling
Argentina’s ambassador to Australia has stepped up the pressure on local mining giant BHP Billiton, warning it will face sanctions in Argentina if it pushes ahead with drilling for oil off the Falklands.
Pedro Villagra made the threat as the diplomatic row over the start of drilling, which has been running hot between Argentina and Britain in recent weeks, continued to worsen.
[Read More]
Gold Fields Net Profit Increased To Reach $ 186 Million
Feb/22/2010 | Under : Companies - Gold Mine - Mineral Exploration
Gold Fields is the largest metal producer in Africa. The company reported net profit of the company gained increasing to 1:41 billion rand ($ 186 million) in the second quarter. Increase in profits for the three months to reach 40 percent in the price of gold higher.
[Read More]
B.C. Provincial Government Halts Mineral Exploration in Flathead Valley
Feb/11/2010 | Under : Companies - Gold Mine - Mineral Exploration
Max Resource Corp. has learned that the Government of British Columbia intends to halt all ongoing mineral exploration work and prohibit any future mine development in the Flathead Valley in Southeastern B.C.
[Read More]
Gold Canyon Outlines Multi-Phase Exploration Program for Springpole Gold Project
Jan/29/2010 | Under : Companies - Gold Mine - Mineral Exploration
Gold Canyon Resources Inc. is pleased to announce that it has recently completed the comprehensive review of its 100% controlled Springpole Gold Project, located in the Red Lake Mining District of Ontario, Canada.
[Read More]