Shares of U.S.-traded mining companies based in Latin America fell on Friday as gold prices retreated and the dollar gained value against some currencies.
Gold for June delivery fell $27.70 to settle at $915.20 an ounce on the New York Mercantile Exchange after earlier plunging to a two-week low of $907.30.
Meanwhile, the dollar moved higher against […]
Montezuma Mining announced that it has successfully negotiated an agreement with Dolphin Resources to acquire their 10% interest of the Mt Padbury licence E52/1529. In consideration for Dolphin’s remaining interest, Montezuma will issue to Dolphin 400,000 fully paid shares and 100,000 options exercisable at $0.20. The licence is highly prospective for gold, manganese and iron […]
Unico, Incorporated (OTC BB:UCOI.OB - News), a natural resource company in the precious metals mining sector, today announced the receipt of an additional $200,000 in financing through the sale of one new convertible debenture to Moore Investment Holdings, LLC, a Nevada limited liability company. The financing will be utilized to complete ongoing reconstruction and equipment […]
Mining company Vista Gold Corp. said Monday it sold its Vista Gold (Antigua) Corp., which owns Bolivian mining assets, to Republic Gold Ltd. for $3 million.
Republic will pay in three $1 million installments, the first due upon start of commercial production at Amayapampa, followed by a $1 million payment on each of the first and […]
GOLDCORP INC. is pleased to declare its fourth monthly dividend payment for 2008 of $0.015 per share. Shareholders of record at the close of business on Thursday, April 17, 2008 will be entitled to receive payment of this dividend on Friday, April 25, 2008. Goldcorp has paid a monthly dividend to its shareholders since 2003.
Canadian […]
Shares of gold-mining companies were mixed shortly after the opening bell Monday as the price of the precious metal edged up in European trading.
Gold traded in London at $914.70 per troy ounce, up from $906.30 late Friday.
How shares of some key gold miners fared in early trading:
Newmont Mining Co. rose 80 cents to $47.64
Barrick Gold […]
Japan’s Mitsui Mining and Smelting Co plans to produce 123,300 tonnes of zinc in the first half of the year ending in March 2009, up 10.9 percent from a year earlier.
The plan reflects an expected boost from Hachinohe Smelting Co, an affiliated zinc and lead smelter that had been under maintenance over the past year, […]
Eastern Platinum has been granted a new order mining right for the Crocette section at its Crocodile River mine in South Africa meaning the firm can begin the development of the project.
According to Ian Rozier, President and Chief Executive Officer of Eastern Platinum, the mining rights were granted by the Department for Minerals and Energy […]
Somphong Vajirakaphan, CEO of one of Chinatown’s better-known goldsmiths, said if the long queues at gold stores in China on the day gold prices hit US$1,000 (Bt31,200) an ounce indicated anything, it was that the market remained jittery and panicky.
Although touted as a safe haven for investors seeking to cover their losses in the volatile […]
Ninety-four pages of proposed rules for uranium mining companies that need to obtain state groundwater permits were too much Wednesday for the South Dakota Water Management Board.
The panel had planned to make a decision on the rules but decided to delay it until a special meeting April 2-3 in Rapid City.
Board members want to know […]