Shares in Great Panther Silver rose after it said it expects to produce 1.94 million ounces of silver in 2011, up from the 1.5 million ounces it produced in 2010.
Selwyn Resources has mobilized the mining equipment and supplies integral to the Selwyn Project Joint Venture's proposed underground advanced exploration program.
Great Panther Silver increased its profits by one third over last year, the TSX and NYSE-listed company reported on Wednesday. Revenues were $42.2 million in 2010, a 33% increase over the previous year. Fourth-quarter profits were $13.8 million, up 40% from the same period in 2009.
CB Online says Quantum Rare Earth Developments has reported discovering a large niobium deposit in southeast Nebraska. The underground carbonatite formation has potential to become one of the world's largest sources of niobium, used in high-production steel and superalloys. Watch the interview with CEO Peter Dickie on BNN.
Mining Essentials: A Work Readiness Training Program for Aboriginal Peoples, enhances relationships and cooperation among Aboriginal communities, educators and industry by supporting training and hiring goals outlined in many formal and informal agreements (i.e. IBAs).
Mining Essentials is the only pan-Canadian work readiness program for Aboriginal peoples in mining. The program aims to ensure Aboriginal peoples have the essential skills and workreadiness training needed to enter mining and to provide industry with a local, employment-prepared workforce.
OZ Minerals is pleased to advise that the Australian Taxation Office (ATO) has issued a Class Ruling which advises that the proposed capital return by OZ Minerals is solely sourced from capital and so no part of the return will be treated as a dividend for Australian income tax purposes.
Gold miner Kirkland Lake posted a quarterly profit that trailed estimates, hurt by higher expenses and lower-than-expected production, and cut its full-year production view.
The company lowered its fiscal 2011 production view to 80,000-85,000 ounces of gold from 90,000-100,000 ounces.
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