Klondex picks up idled Manitoba mine for $32 million

The massive Oyu Tolgoi copper-gold project in southern Mongolia is now expected to produce an average of more than 3 million ounces of silver annually during its first 10 years of commercial production. In a news release Thursday Ivanhoe Mines CEO Robert Friedland said "Oyu Tolgoi will rank as a very substantial silver producer when commercial production begins in 2013."

Romios Gold Resources announced that a 2010 mapping project from the British Columbia Geological Survey confirmed Romios' previous claims that the Dirk property mineralization is analogous to and may be as large as the Galore Creek project. Samples collected by Romios from the Dirk property produced numerous anomalous values including a 3.0 metre chip sample of 6.21% Cu, 0.57 g/t Au, and 44.1 g/t Ag. The BCGS also reports values up to 21 ppb platinum and 64 ppb palladium from samples that they collected from the Dirk property.

The combination of increased production, strong cost control and metal prices made 2010 the best year in Fresnillo’s history, says CEO Jamie […]

Australia-listed EnviroGold Limited and Novus Gold Corp., which trades on the TSX, have signed a purchase-option agreement concerning Novus Gold’s properties in […]

Endeavour Silver Corp. (TSX:EDR)(NYSE Amex:EXK)(DBFrankfurt:EJD) released today an NI 43-101 resource estimate for its Parral Project located adjacent to the city of […]

Minefinders’ silver production up 72%. Gold and silver output expected to rise in 2011. Q4 EPS 18 cents per share, against last […]

Silvercorp announced on Thursday that it received a positive preliminary assessment for its Silvertip silver-lead-zinc project in northern British Columbia. Silvercorp's stock was up 4% on the TSX on Friday. The report prepared by Golder Associates favoured a small mine and mill operating seasonally at 500 tonne per day or 72,000 tonne per year. "The initial capital cost of the project is estimated to be $US49 million with sustaining capital costs over the remaining mine life (21 years) estimated at $US54.2 million. The payback period is estimated at 4 years for the base case and 2 years for the upside case after reaching commercial production."

Market strategist Robert Griffifths reckons that many Western analysts and journalists just don't understand the driving forces behind gold and silver investment

Tahoe Resources is one step closer to mining for silver in Guatemala. The Vancouver-based explorer said Wednesday it has received an environmental […]