North American Palladium reports positive near-surface results at Lac des Iles mine

US Silver board of directors voted instead to merge with Canadian RX Gold & Silver and form a new firm.

For those who expected that Canada’s reporting season would give its subdued mergers-and-acquisitions market a good push, consultants from Ernst & Young have a clear message: a merging frenzy this way comes.

Mountain Province Diamonds Inc. confirmed that joint venture operating partner, De Beers Canada Inc. has reported that the permitting of the Gahcho Kué diamond project is progressing on schedule. The 24-month environmental review is nearing completion with the final hearing scheduled in approximately four months.

A deal between BHP Billiton and Toronto-based jeweller Harry Winston Diamond might be around the corner according to the Financial Times.

Mexico may not be breaking records at London’s Olympic Games, but back home it is scoring big. On Monday, the Mexican Chamber of Mining announced the country hit a new record in gold production in 2011.

Barrick Gold, the world’s largest producer of the precious metal, said it would continue to pursue acquisition opportunities despite the full review of its operations.

With the Northern Gateway Pipeline facing political hurdles, the Premier of the Northwest Territories, Bob McLeod, said moving Alberta's oil and gas via a pipeline in the Northwest Territories is an option.

Congregants are expected to throng the Shree Swaminarayan temple in New Jersey this Sunday to ceremonially weigh their guru in honour of his 70th birthday. Preliminary estimates are that Swami Purushottampriyadasji's good works are worth just under $4 million or the equivalent of 40,000 catalytic converters.

“We interpret that lack of capital discipline and stock underperformance has reached a breaking point in the mining sector and we expect further management changes to come.”