North American Palladium Announces Temporary Closure of Lac Des Iles Mine Due to Depressed Metal Prices

North American Palladium Ltd. announced that due to declining metal prices it will temporarily place its Lac des Iles Mine (LDI) in Thunder Bay, Ontario on a care and maintenance basis effective October 29, 2008. The closure will result in the layoff of approximately 350 employees. Details for a conference... Read more..

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Klondike Gold Corp.-2008 Exploration Update: Precious Metal Projects

Klondike Gold Corp. announced its updated 2008 exploration program on several precious metal projects in the Kootenays of southeastern British Columbia. These include the Clubine, a past-producing polymetallic silver vein camp just north of Salmo, the gold-copper Red Point property just east of the Rossland... Read more..

Fronteer Announces Intention to Acquire Aurora Energy Resources Inc.

Fronteer Development Group Inc. announced that it intends to make an offer to acquire all of the outstanding common shares of Aurora Energy Resources Inc. that it does not already own. Pursuant to the Offer, Aurora shareholders will receive 0.825 of a Fronteer common share for each Common Share. The... Read more..

Stillwater Mining Company Completes Review of Operations: Will Restructure Operations and Reduce Workforce

STILLWATER MINING COMPANY announced immediate plans to restructure its operations and reduce and redeploy portions of its workforce. The move is largely focused on the Company’s East Boulder Mine operations south of Big Timber, although the Company’s Stillwater Mine at Nye, Columbus Metallurgical... Read more..

Hindustan Zinc Limited; First Quarter ended 30 June 2008

Hindustan Zinc Limited has just told the media that during Q1, HZL produced 127,889 tonnes of zinc and 17,298 tonnes of lead, an increase of 38% and 27% respectively compared with the corresponding prior quarter. The mined zinc metal and lead metal production was marginally up at 138,278 tonnes and 17,298... Read more..

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Peru’s Southern Copper says 2Q profit falls 24 percent on lower production

Peru’s Southern Copper Corp. has reported to the media that its second-quarter profit fell 24 percent from the year-ago period amid strikes and higher fuel and production costs. Net income fell to $548.5 million, or 62 cents per share, from $726 million, or 82 cents per share, in the same quarter... Read more..

Novelis Sees Increased Use of Aluminum Sheet in Automobiles

Novelis Inc., the world’s leading producer of aluminum sheet for automobiles, has seen an increase of more than 20 percent in the number of automotive applications of its lightweight material compared to a year ago. About 90 models of cars and light trucks today use Novelis aluminum sheet for a... Read more..

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Midway Gold Announces Project Updates and Plans for 2009

Midway Gold Corp. announce 2009 work plans will primarily be focused on the Golden Eagle project in Washington and the Midway project in Nevada. Exploration at the Spring Valley project is expected to continue under a proposed earn-in agreement, previously announced (PR October 20, 2008). The Thunder... Read more..

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Cogitore Resources Inc. Files Estrades Project Feasibility Study

COGITORE Resources Inc. announces that it has filed on SEDAR the feasibility study by engineering firm GENIVAR on the company’s 100% owned Estrades Mining Lease in northwestern Quebec. The study is in the form of a NI43-101 compliant Technical Report and consists of an exhaustive evaluation of... Read more..

Jasper Mining Corporation – Significant high grade results from diamond drill program on Isintok property

Jasper Mining Corporation has reviewed metal prices used for the purposes of a copper equivalency (”Cu. EQ.”) calculation. To date, prices from the September 8 – 14, 2008 issue of The Northern Miner were utilized, however, the prices of both copper and molybdenum have since fallen markedly.... Read more..