News

Cigar Lake going underground

Cigar Lake, the world’s richest uranium deposit, well is on its way to becoming the world’s largest and richest uranium mine, after the announcement that a $50-million underground exploration and test…


Syngold completes sale of shares

Syngold Exploration has completed the sale of 1.1 million common shares at a price of 80 cents per share and of $2.5 million of deposit receipts. Purchasers of the deposit receipts will earn one comm…



Royex Gold/Int’l Corona may be operators at Jolu

If current negotiations are successful, Royex Gold Mining Corp. and International Corona will be appointed the operators of the Jolu property in the La Ronge gold belt of northern Saskatchewan. The ne…


Malartic Hygrade results

For the second quarter ended June 30, Malartic Hygrade Gold Mines earned net income of $484,125 or 14 cents per share compared to $349,156 or 10 cents per share during the same period last year. For …


McAdam Res. now on TSE

The shares of McAdam Resources are now listed on the Toronto Stock Exchange; the company’s trading symbol is MMM. The company has successfully completed a rights issue undertaken by Merit Investment C…


Correction: Canadian Gold Resources

In last week’s centrespread map in The Northern Miner on the Beardmore/Geraldton gold belt, Canadian Gold Resources was incorrectly identified as listing on the Vancouver Stock Exchange. The company i…


Results encouraging for Golden Rule

Golden Rule Resources has traced a gold-bearing, quartz-barite breccia for a distance of 400 ft on its Toodoggone area property north of Smithers, B.C. The company is involved in a 6,000-ft drill prog…


Drillers at the Skouries gold-copper project in Greece. Credit: Eldorado Gold

Eldorado pulls plug on Greek project; stock tanks

Eldorado Gold (TSX: ELD; NYSE: EGO) is suspending construction at its Skouries gold-copper project due to a continued lack of government support, and cautions it will halt its Olympias underground mine, if the Ministry of Energy and Environment…


Eldorado invests $15M in Integra

VANCOUVER — Integra Gold’s (TSX-V: ICG; US-OTC: ICGQF) performance at its Lamaque gold project in the prolific Abitibi greenstone belt, 3 km from the city of Val-d’Or, Quebec, has attracted international miner Eldorado Gold…