Stillwater Mining Company has reported record profits for the quarter ending June 30, 2011. The Montana based company has seen a 192% hike in profits recorded compared to the same quarter the previous year. The company earned nearly $42.7 million in the second quarter this year equating to 39 cents a share.
Catalyst Resource Group, a company that deals with recovery of precious metals, has declared that its precious metals recovery system is about to increase the rate of recovery to about 10,000% higher than the traditional method.
Magma Metals has begun summer drilling program at its Thunder Bay North platinum-palladium-copper-nickel project in Ontario.
INV Metals has announced an update on exploration at the Rio Novo property in the Carajás County, Brazil and the Itaporã property in the Pará state, Brazil.
Noront Resources Ltd. (TSX Venture: NOT) has provided an updated mineral resource estimate for the Eagle's Nest deposit, located at its McFaulds Lake Property in the James Bay Lowlands.
Wallbridge Mining Company Limited (TSX: WM) (FWB: WC7) today announced that excavation and delivery the 30,000-tonne bulk sample from the Broken Hammer Zone to Xstrata's Strathcona Mill is progressing well.
North American Palladium Ltd. (TSX:PDL)(NYSE Amex:PAL) has completed its previously announced flow-through financing through which the Company sold 2,667,000 flow-through shares of NAP on a guaranteed basis at a price of C$8.25 per share.
Sama Resources Inc. (TSX VENTURE:SME) has announced assay results for the first 7 holes of its Phase II definition and exploration drilling program at the Company's "Samapleu Project" in Côte d'Ivoire, Africa.
Pacific North West Capital Corp. (TSX: PFN; OTCBB: PAWEF; Frankfurt: P7J) has announced that an agreement to purchase the 50% ownership in the River Valley PGM project, currently owned and held in a joint venture with Anglo Platinum Limited, has been completed.
INV Metals Inc. (TSX:INV) has announced that it has intersected highly anomalous precious metal values in both auger and diamond drilling on its Rio Novo North claim, located in the prolific Carajás district of Brazil.