Nautilus to test seafloor mining production equipment

Alto Group Holdings, a mining and commodities trade company headquartered in New York, announced on Monday the acquisition of the Great Excelsior Mine in Washington State. The Great Excelsior Mine, located in Washington State, was a gold-silver producer which was forced to close in 1918 due to falling metal prices and a shortage of supplies. This mining property has been explored by numerous mining companies over the years.

Bard Ventures Ltd. (TSX VENTURE:CBS)(FRANKFURT:BVU) is pleased to announce that the drill program on its Lone Pine Property has commenced. The property is located 15 kilometers north-northwest of Houston, BC and is situated in the Omineca Mining Division. The drill program is planned to further evaluate exceptional drill hole results received from all three zones on the property, being the Alaskite Zone, the Quartz Breccia Zone and the 61 Zone.

Fast-growing Danish jewellery maker Pandora (PNDORA.CO: Quote) missed forecasts with a 55 percent rise in first-quarter profit as price rises failed to […]

Assays in from one of two new diamond drill holes into the WKP West gold prospect on the Coromandel Peninsula on New Zealand's North Island has given further proof of a large epithermal system for Newmont Mining and boutique gold miner and active explorer Glass Earth Gold Ltd. Glass Earth Gold Ltd (TSX-V & NZAX: GEL) said that drill hole WKP 27 on the WKP West prospect had produced a 152.4 metre section grading 1.16 grams/tonne gold and 2.22 g/t silver, within which the best section of 1.4m went 30.7 g/t gold and 77.7 g/t silver.

In spite of declines in silver, gold and zinc production during the first quarter of the year, Pan American Silver said Wednesday management "continues to believe in the accuracy of its forecast 2011 production." Silver production for the first quarter was 5.3 million ounces, a 6% decrease below management's forecast "due primarily to throughput and grade challenges at Huaron, Morocochoa, San Vincente and Manantial Espejo during the quarter," PanAm said.

Levon Resources announced that it has today closed a previously announced financing pursuant to which the Company has issued 20,600,000 common shares at a price of $1.95 per share for gross proceeds of $40,170,000. The company intends to use the net proceeds of the Offering for continued exploration of the Cordero property located in Chihuahua, Mexico, and for working capital.

Scorpio Mining achieved record mine operating earnings of $12.5 million in Q1 2011, an increase of 823% over mine operating earnings in Q1 2010 and 123% over mine operating earnings in Q4 2010. Net earnings were $6.6 million or $0.03 per share (basic) for Q1 2011 compared to $18.6 million or $0.17 per share (basic) for Q1 2010. The Q1 2010 net earnings included a $19.8 million gain on dilution and deconsolidation of Scorpio Gold Corporation ("Scorpio Gold"). Basic earnings per share of $0.09 in Q4 2010 was due to the inclusion of $12.4 million of non-cash corporate tax recoveries.

The gold bears and doubters - and the silver bears in particular - have had great success in driving the prices of these two precious metals downwards but are we looking at more of the same to come, or perhaps consolidation and another take-off? The pattern of price movements we are seeing currently, with strong upwards and downwards fluctuations for both metals.

(RTTNews) - The UK market is trading higher in afternoon trading Thursday, amid some positive earnings news as well as consolidation in commodities prices.