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Lucapa Diamond soars on 35-year mining licence for Lulo

The project could prove to be more valuable than the…

Wyoming a step closer to self-regulating uranium industry

The state's industry is currently regulated by The Nuclear Regulatory…

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Cameco announces breakthrough of second shaft at Cigar Lake

Cameco (TSX:CCO) (NYSE:CCJ) announced today it has reached the main mine workings with the second shaft at the Cigar Lake uranium mining project in northern Saskatchewan. Miners removed the final section of rock connecting shaft 2 with the mine workings 480 metres below surface on January 3, 2012. The second shaft will provide for increased ventilation of the underground workings as well as additional means of entering and exiting the mine. SASKATOON, SASKATCHEWAN--(Marketwire - Jan. 3, 2012) -

Osisko responds to below market price offer for five million shares only by TRC Capital

MONTREAL, QUEBEC--(Marketwire - Jan. 3, 2012) - Osisko Mining Corporation (TSX:OSK)(FRANKFURT:EWX) ("Osisko" or the "Company") has been notified of an unsolicited "mini-tender" offer, made by TRC Capital Corporation ("TRC Capital") on December 23, 2011, to purchase up to 5,000,000, or approximately 1.297% of Osisko's common shares, at a price of CDN $9.55 per share. Osisko does not recommend or endorse this unsolicited offer.

Imperial Metals Corporation: Huckleberry Mine expansion approved

Imperial Metals Corporation (TSX:III) reports permit amendments for Huckleberry mine have been received. The board of directors of Huckleberry Mines Ltd. (HML) has formally approved the Main Zone Optimization (MZO) plan(1) to extend the life of Huckleberry mine to 2021.

Indian gold import data disappoints – Commerzbank

Indian gold import data is much lower than expected, according to the Bombay Bullion Association, says Commerzbank, and this could have implications for physical prices. Commerzbank notes that the association says India imported “only” 125 tons of gold in the fourth quarter of 2011, with buyers hampered by a combination of high prices and high domestic interest rates.