Lucara considering partnership to sell 1,000+ carat rough diamond

Nunavut is attracting the attention of the world's miners like never before, says Scotiabank commodities analyst Patricia Mohr, speaking at a mining summit in the mineral-rich Canadian northern territory. Nunatsiaq Online reports: Pushed by the developing world’s growing hunger for consumer items, civil unrest in many countries, and “random” events like the recent tsunami, earthquake and nuclear power plant disaster in Japan, mining companies around the world are eying Nunavut with far more interest than before.

With gold breaking through $1460 and silver settling well above $39, mid tier and junior gold and silver mining stocks in particular […]

Silver Quest Resources (TSX.V: SQI) (“Silver Quest” or “the Company”) is pleased to report the discovery of a significant gold-in-soil anomaly, referred […]

South African gold miner DRDGold (DRDJ.J: Quote) said on Wednesday that it expected gold production for March quarter to be about three percent lower than the previous quarter at around 67,400 ounces. It also said in a guidance for investors that cash operating costs were expected to be about six percent higher as a result of the lower production.

The key gold futures on the Tokyo Commodity Exchange scaled a 28-year high on Wednesday, driven by a rally to record peaks in the global gold market the day before and a weaker yen.

Natural resources have become a battleground in Peru’s election campaign where the left wing nationalist frontrunner wants more state control over country’s […]

Both gold and silver are having a bull run in India, but silver is definitely having the better run of late and […]

Finning International has announced that its Canadian division has been selected as the mining equipment supplier by Thompson Creek Metals Co for […]

Kinross Gold, recently cashed up from its stake sale in Harry Winston Diamond Corp., has now agreed to pay $350 million for full ownership of the Kupol mine in Russia. The mine would account for about 17% of Kinross' gold equivalent production in 2011. Reuters reports: Gold miner Kinross Gold Corp. said it signed an agreement to buy the stake it does not already own in Chukotka Mining and Geological Co for about $350 million, giving it full ownership of the Russian mining company.