Entree Gold said a $5.3 million net loss in the first quarter of 2011 was due to increased exploration activities at its Yerington copper porphyry projects in Nevada. "We are advancing our Yerington projects to development through systematic drilling and upgrading of known deposits and by exploration of additional targets. We have been building our team and operations in Yerington and are strongly encouraged by the initial drilling results we have received. In addition, substantial exploration and development work is underway on our properties in Mongolia," Entree Gold president and CEO Greg Crowe said on Friday.

Quadra FNX Mining announced on Sunday a US$724 million joint venture with Sumitomo Corporation to develop the Sierra Gorda copper-molybdenum project in Chile. The total cost of the mine is estimated at 2.8 billion and production is scheduled to start in 2014. Sumitomo has a 45% stake in the joint venture; Quadra FNX has 55%. Sierra Gorda is a copper exploration project located in the Atacama Desert, Region II of Chile. According to Quadra FNX's recently completed feasibility study, the production from current sulphide reserves will average 483 M lbs of copper, 25 million lbs of molybdenum, and 64 kozs of gold per annum over a 20-year mine life.

Coal International reports: the 21st annual Pumpology® School was held by Thompson Pump & Manufacturing Co., Inc. this April in Port Orange, Florida.

The three-day workshop included training sessions for sales and service-oriented professionals on pumping fundamentals, dewatering and bypass applications, selecting the correct pumping equipment, designing, installing and maintaining pumping systems, troubleshooting, pump maintenance, and more.

The Research & Development Corporation of Newfoundland and Labrador (RDC) and the Iron Ore Company of Canada (IOC) has provided a grant to the Memorial University of Newfoundland that will be used to purchase a Field Emission Gun Scanning Electron Microscope with automated Mineral Liberation Analyses (MLA) software.

"The mineral industry is one of Newfoundland and Labrador's largest industries," noted Glenn Janes, Chief Executive Officer, RDC. "Today's investment marks an important milestone in mineral research and will ensure researchers have the technical and industrial equipment they need to bolster this province's mineral research strengths and contribute to mineral industry exploration and development," he said.

First Majestic has experienced a new record for quarterly earnings for the first quarter of 2011 due to a 30% increase in average realized silver prices over the prior quarter and a 95% increase from the same quarter of 2010. Silver production in the first quarter remained steady at the same levels as the fourth quarter of 2010, which is up 25% over the first quarter of 2010.

Joy Global Inc. (NASDAQ:JOYG), a worldwide leader in high-productivity mining solutions, today announced that it has entered into a definitive agreement to acquire a 100 percent ownership interest in LeTourneau Technologies Inc. (“LeTourneau”) from Rowan Companies, Inc. (“Rowan”) (NYSE: RDC) for $1.1 billion in cash. LeTourneau designs, builds and supports equipment for the mining and oil and gas drilling industries, and has been a leader in the earthmoving equipment industry since the 1920s. The transaction has been approved by both companies’ boards of directors. Completion of the transaction is subject to the receipt of necessary regulatory approvals and other customary closing conditions and is expected to occur within 60 days.

African Barrick Gold (ABGL.L) said a malfunction in a mill motor at its Buzwagi mine in Tanzania would hit production in the quarter, sending its shares down as much as 9 percent in early trade on Monday. It estimated the replacement of the motor, which failed after a power outage and attempted restart, would take two weeks, during which time the plant would run at reduced capacity.

Sales of gold coins are on track for the best month in a year amid the worst commodities rout since 2008, a sign that bullion's longest bull market in nine decades has further to run, if history is a guide. The U.S. Mint sold 85,000 ounces of American Eagle coins since May 1 as the Standard & Poor's GSCI Index of 24 raw materials fell 9.9 percent.

Osisko Mining reported on Friday a loss of Can$5.3 million in the first quarter. The company said that the higher loss incurred is due to high administrative costs reflecting the growth in the company's activities, high non-cash charges from the issuance of stock options in the third quarter of 2010 and lower foreign exchange gain. In the same period in 2010 the company reported a loss of $600,000. Sean Roosen, president and CEO of Osisko, said the company achived some significant achievements.