UK Royal Mint sees major gold rush in wake of interest rate cut

Credit Suisse announced Wednesday it recruited David Hammond, the well-known mining banker from Morgan Stanley, to head up the mining and metals efforts of the Swiss bank worldwide.

Odyssey Marine Exploration (NASDAQ CM:OMEX) announced on Wednesday that it had successfully retrieved a record-breaking 48 tons of sunken silver bullion from a World War II shipwreck lying approximately three miles below the ocean's surface.

The world's largest primary silver producer and Mexico's second largest gold producer, Fresnillo PLC reached record gold production levels and says it remains confident that it will meet its gold and silver production targets for 2012.

Vancouver-based First Majestic Silver had a 14% increase in total production at its La Encantada, La Parrilla and San Martin silver mines in Mexico for the second quarter ending June 30 in relation to the same quarter last year.

AuRico Gold Inc. (NYSE:AUQ) shed 12% on Tuesday on massive trading volumes, after its preliminary operational results for the second quarter provided a few nasty output surprises and its CEO stepped down.

The Democratic Party which campaigned on sharing more of the spoils of mining with Mongolian citizens won the majority of seats while the junior partner in the new ruling coalition, the MPRP – led by a former president Nambaryn Enkhbayar – bases its whole doctrine on taking back foreign-owned mines.

Excellon Resources fell 8% on Monday, after announcing it could run out of stockpiled ore at its Zacatecas-state mill "within the next few days" after a dispute with workers and local landowners halted operations at its La Platosa silver mine in Mexico.

Taking a hard look at your next roll of dimes could leave you with a nice tip.

It may look as if almost any mining stock you see these days is a bargain just waiting to be plucked.