Harmony and Newcrest teaming up in PNG
Two of the biggest gold miners not listed on the TSX are combining forces in Papua New Guinea (PNG) with the hopes …
News
Yukon-Nevada halts underground mining at Jerritt Canyon
Vancouver – Around 240 miners are out of work at Yukon-Nevada Gold’s (YNG-T) Smith and SSX mines at its Jerritt Can…
Second fatal helicopter crash in a week kills pilot
Vancouver – A helicopter heading into a mining camp near Carmacks, Yukon, crashed on Saturday, killing the pilot. I…
SRA plans pilot germanium/gallium plant
Processing germanium and gallium from zinc leachate could earn Strategic Resource Acquisition Corp. (SRZ-T) a bonus operating profit of US$25 million a year on top of zinc income, a new scoping study …
TORONTO STOCK EXCHANGE JULY 29-AUG. 1
Although the S&P-TSX Composite Index climbed 1.4% over the holiday-shortened July 29-Aug 1 trading period, closing at 13,496.53 points, the gain wasn’t enough to make up for its 6% loss over the m…
LME WAREHOUSE LEVELS (August 11, 2008)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, July 29, 2008 (change from July 22 in brackets):
NovaGold sells hydro assets for $40M
NovaGold Resources (NG-T, NG-X) has started cashing in its non-core assets to help it deal with ongoing cost overruns at its three major northern gold projects — but at least one analyst says that No…
Goldcorp dekes out Agnico-Eagle with Gold Eagle bid
The pace of takeovers in the mining sector shows no signs of slowing, with the latest move seeing heavyweight Goldcorp( G-T, GG-N) making a friendly $1.5-billion cash-and-shares bid for Gold Eagle Min…
Augen Gold on hot property
SITE VISIT JEROME, ONT. — Augen Gold (AUJ-V) CEO Michael Fowler believes that where there’s smoke, there’s probably fire. And with the Young-Shannon gold deposit…
Yukon-Nevada eyes Ketza revival
WHITEHORSE, YUKON — Yukon- Nevada Gold (YNG-T, YNGFF-O) has cut one of its best intercepts to date at its Ketza River property, about 125 km northeast of Whitehorse, Yukon. The market thanked Yukon-N…
Maudore gets boost
VANCOUVER — A new set of high-grade gold results from the Comtois project, in western Quebec, gave Maudore Minerals’ (MAO-V, MAOMF-O) share price a lift recently.
SouthGobi Energy’s coal resource soars
Shares of SouthGobi Energy Resources (SGQ-V, SGQRF-O) vaulted $1.90 apiece on news that the company’s total measured and indicated surface resource of coal in southern Mongolia has grown by 73% to 258…