May 31, 2012

Why isn’t this copper miner smiling? He’s getting a $45 million bonus just for staying on

In all $265 million will be doled out to senior management at Xstrata to stop them from jumping ship after a merger with Glencore. The two companies are also paying…

May 31, 2012

Glenstrata ready to become the largest mining industry merger in recent history

The prospectus giving details of the creation of a $90 billion mining and commodities trading behemoth will finally find its way to the inboxes of shareholders today.

May 31, 2012

Driller says West Africa is hot and Peru is cold

Energold Drilling (TSX VENTURE:EGD) beat back a commodity overhang in 2012 and announced a 134% increase in revenue, growing from $22.7 million to $53.3 million.

May 30, 2012

Olympic Dam decision pushed to the wire

If the board of the world's largest miner does not make a decision on the giant copper-gold-uranium-silver project in South Australia's outback by 8 December then it would lose all…

May 29, 2012

Closed Idaho silver mine to start rehiring in July

A northern Idaho silver mine that was shut down after a series of accidents last year, including the deaths of two miners, will start rehiring in July and should have…

May 29, 2012

Silvercorp says work interrupted at mine in China

Canadian Silvercorp Metals (TSX: SVM-News)(NYSE: SVM-News), China’s biggest silver miner, said Monday that production at its flagship silver-lead-zinc Ying Mine will be interrupted for about five days as a result…

May 29, 2012

Impact Silver reports weaker first quarter earnings

Impact Silver reported on Tuesday a net loss of $0.1 million in the first quarter of 2012 compared with $2.5 million in net earnings for Q1 2011. Earnings per share…

May 29, 2012

IMAGE GALLERY: Barrick’s 3,800 metre high Pascua-Lama project

Barrick Gold posted a cool image gallery of  its Pascua-Lama project.

May 29, 2012

Tiny El Salvador needs mining but worries about water contamination

The government of El Salvador is warning that the future large-scale development of the Cerro Blanco mine in southern Guatemala will greatly endanger the quality of water found in the…

May 28, 2012

The euro and the gold price – potential fallout consequences

For many years now gold and silver -by its pattern of following gold wherever it goes- have been treated by traders, investors and central banks as a 'counter to the…