MILE-HIGH MINER

Chronicling the rebirth of precious metals mining in Colorado

Monday, October 15, 2012

Colorado School of Mines tops salary potential list

Several weeks ago we published a story about South Dakota School of Mines graduates commanding higher starting salaries ($56,700) than Harvard graduates ($54,100). We all wondered where Colorado School of Mines grads fared in that scheme of things.

We now have that update: In this region of the country, at least, CSM ranks No. 1 at $64,200.

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Friday, October 12, 2012

Golden Minerals says gold, silver production increases at Mexican mine

Golden Minerals Co. (TSE:AUM)(MKT:AUMN) shares rose above two per cent Thursday after reporting higher gold and silver production at its Velardena operations in Mexico. Shares rose 2.51 per cent to $4.50 each on the Toronto Stock Exchange.

The Colorado-based (Golden) natural resource miner, which has producing mine assets in Mexico and Peru, said third-quarter silver production rose 28 per cent to 120,000 ounces. Gold production grew 28 per cent to 1,900 ounces.
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Thursday, October 11, 2012

LKA Donates Historic Ute-Ulay Town Site to Hinsdale County

LKA International, Inc. has signed a deed to convey the historic Ute-Ulay town site to Hinsdale County and thereby preserve one of the only remaining mining camps left in Colorado.

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Wednesday, October 3, 2012

CO Keystone Center tries to mediate AK mine dispute


The group aiming to develop a giant copper and gold mine in the Bristol Bay area is vetting the scientific studies that underlie its work, turning to a Colorado-based non-profit with expertise in environmental conflict resolution. But critics of the proposed Pebble mine are having little of it.

Six days of scientific review meetings organized by the Keystone Center kicked off Tuesday in Anchorage at the Consortium Library on the University of Alaska Anchorage campus. Keystone describes the effort as an in-depth, objective review of Pebble's science. Mine opponents counter that the studies are lacking and that the effort is mainly designed to sway public opinion.

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Tuesday, October 2, 2012

Gold companies lead Colorado stocks rebound

Golden Star Resources, a Littleton-based gold mining company, ranked as the state's top performing stock during the third quarter with a 69.8 percent return. Golden Star, which operates two mines in Ghana, is a beneficiary of the renewed interest in gold, as is Newmont Mining, the state's largest company in market value, which rose 15.5 percent.

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Thursday, September 20, 2012

Haunted Mines Open for the Halloween season

Thursday marks the first day of the Haunted Mines season.
 
As the lore goes, 100 miners died mysteriously in the depths of a Colorado gold mine after the greedy mine owner suspected they were stealing. Now, those miners haunt that old shaft.
 
 

 

Franklin Mining To Develop Clear Creek County Mine

Franklin Mining has decided that because of the ever increasing value of Ore, that it is supremely advantageous at this time to execute on the opportunity to develop the Company’s mining property in Clear Creek County, Colorado
redOrbit (http://s.tt/1nTJf)


Wednesday, September 19, 2012

Mining school grads top Harvard grads in pay

Harvard University’s graduates are earning less than those from the South Dakota School of Mines & Technology after a decade-long commodity bull market created shortages of workers as well as minerals.

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Friday, September 14, 2012

Reflections on the Denver Gold Forum

DENVER (MINEWEB) - The annual Denver Gold Forum has been over the years perhaps the most significant, and best respected investment related gold mining conference held anywhere in the world - and the organisers, The Denver Gold Group's policy of placing restrictions on the size and quality of the companies presenting, and the quality of the audience, which again is strictly controlled, helps maintain this position.
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Gold's 111% rise from QE1 to QE3


The price of gold jumped more than $30 an ounce today after the US Federal Reserve announced a third round of monetary stimulus called quantitative easing.

QE has been a massive boon for gold. When the Fed floods markets with cheap money, gold’s allure as a storer of wealth and an inflation hedge is burnished. Loose monetary policy also weakens the dollar, further boosting the yellow metal.

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Thursday, September 13, 2012

Colorado Goldfields Reverse Stock Split Approved

LAKEWOOD, CO -- (Marketwire) -- 09/13/12 -- Colorado Goldfields Inc. (OTCQB: CGFID) (OTCQB: CGFIA) announces that the Company has received approval from the Financial Industry Regulatory Authority, Inc. ("FINRA"), of its 5000:1 reverse stock split. Beginning September 12, 2012, the symbol will be "CGFID." After 20 business days, the symbol will revert to the original symbol, "CGFIA." The post-split shares are assigned the new CUSIP number of 19647Y609. Transmittal letters will be sent to all shareholders of record affected by this reverse stock split by the Company's transfer agent, Corporate Stock Transfer of Denver, Colorado.

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Wednesday, September 12, 2012

Invest in What China Needs to Buy: Don Coxe

The US is no longer the safest place in the world to invest, says Don Coxe, a strategic advisor to the BMO Financial Group. While US-based companies are forced to wade through red tape and legal challenges, relatively lax regulation in emerging economies created stiff competition. In this exclusive interview with The Energy Report, Coxe explains how investors should position themselves as China and India rise to superpower status.

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Monday, September 10, 2012

Risk of lawsuits preventing cleanup of abandoned mines in Colorado

MONTEZUMA — Colorado mining authorities have dug through a mountainside and reopened the dark granite shaft of an abandoned mine that turned deadly — trying to find options for dealing with one of the West's worst environmental problems.

The Pennsylvania Mine, perched above timberline, discharges an acidic orange stream moving 181 pounds per day of toxic metals into Peru Creek and the Snake River, which flow into Denver Water's Dillon Reservoir.

The poisoning of the watershed has gone on for more than 60 years.

Yet state officials say the risk of lawsuits prevents cleanup of this mine and thousands of other abandoned mines that have impaired 1,300 miles of Colorado streams and, according to federal estimates, the headwaters of 40 percent of Western rivers.

Read more The Denver Post

Wednesday, September 5, 2012

School of Mines gets $225K grant to pursue methane hydrates


The Colorado School of Mines has won a $225,000 grant from the U.S. Department of Energy to help improve the ability to locate methane hydrates--natural gas trapped under polar tundra and ocean sediment.
Ice that burns
 
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Tuesday, September 4, 2012

Mineral prices spur renewed interest in Clear Creek mining

FRANKLIN MINING, INC. (Pink Sheets: FMNJD) – is pleased to announce that the Company has revisited the opportunity to launch development on the Company’s mining property in Clear Creek County, Colorado. Franklin’s Gem and Freighters Friend Mines are situated on the JL Emerson fault Zone; one of the largest mineralized faults in the Idaho Springs mining district. In past evaluations the property has revealed the probability of yielding strong mineral production.

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Thursday, August 30, 2012

Colorado Goldfields launches Pride of the West Gold Mill reactivation work plan




LAKEWOOD, CO, Aug 29, 2012 (MARKETWIRE via COMTEX) -- Colorado Goldfields Inc. (otcqb:CGFIA) (pinksheets:CGFIA) announces that Phase I of the re-activation process of the Pride of the West Gold Mill has commenced.

The Pride of the West Mill, near Silverton, Colorado is located within the famous "San Juan Triangle" mining center of southwestern Colorado, which also includes the historic mining towns of Telluride and Ouray, and encompasses one of the most richly mineralized areas of North America. The mill has the capability to process five metals: gold, silver, copper, lead, and zinc.

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Wednesday, August 29, 2012

Mining lives on outside Cripple Creek

Thanks to gold, Colorado Springs became a rip-roaring boom town. Following the discovery of gold near Cripple Creek in 1891, Gen. William Palmer’s quiet resort changed overnight. But it wasn’t overrun by major companies or sophisticated capitalists.

Much of the money flowed to Colorado Springs, the financial center of America's gold-mining industry. In 1900, more than 400 mining companies were headquartered here, and business boomed, with bank deposits increasing by 500 percent from 1894 to ...

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