Rhodium price roars to six-year high

A feasibility study released Wednesday for the Ajax copper-gold project estimates the capital costs at $795 million.

The gold price rose above $1,640/oz on Wednesday after better-than-expected take up by European banks of ECB-tendered cheap loans, easing fears of a credit crunch.

First Uranium said it plans to lay off up to 1,850 employees at its Ezulwini Mine in South Africa.

Newcrest Mining (ASX:NCM) said it will produce about 150,000 oz less gold in its 2011/12 financial year due to production disruptions at Cadia Valley and Lihir, and lower feed grades and recoveries at Telfer.

South American Silver (TSE:SAC) stock shot up 17% in morning trading today on the Toronto Stock Exchange to $1.62 a share after the company announced the findings from its NI 43-101-qualified resource estimate of the company's Escalones copper-gold-silver project in central Chile.

Gold prices eased on Monday as a warning from Fitch Ratings that it may downgrade France and six other euro zone countries hurt stocks and the euro.

The main road connecting Las Vegas and Reno could be rerouted near the central Nevada town of Goldfield to make way for something older than the Silver State itself: a mining boom.

Gunmen fired at a helicopter carrying workers for the mining giant Freeport-McMoRan shortly after it took off Saturday from a town near the company’s huge gold and copper mine in eastern Indonesia, a police spokesman, Colonel Wachyono, said.

Goldcorp Inc on Friday (TSX: G, NYSE: GG) announced the approval of the amended Environmental Impact Assessment (EIA) by provincial authorities in the province of Santa Cruz for the development and construction of the Cerro Negro gold project, a high-grade deposit located on the low-elevation Patagonian plains of southern Argentina.