Writedown spills red ink over Stillwater
A major writedown of mining assets has hampered the bottom line of Stillwater Mining (SWC-N), the largest primary producer of platinum group metals outside of South Africa.The company posted a net los…
News
St. Jude buys heap-leach plant for Goulagou-Rounga
Vancouver — Determined to exploit the oxide resources at its Goulagou-Rounga project in Burkina Faso, St. Jude Resources (SJD-V) has arranged to buy a heap-leach gold processing plant.The partly refu…
Correction (March 15, 2004)
The article “Pimenton drilling under way” (T.N.M., Feb. 27/04) said previous work at the Chilean property, held by South American Gold & Copper (SAG-T), had outlined a proven and probable reserve of 6…
Porcupine JV to reactivate Pamour
The Porcupine Joint Venture plans to start up a large open-pit mine on the Pamour property, 15 km east of Timmins, Ont., to replace production from its Dome open pit and underground operations.Placer …
Tipping point for the Liberals
Capt. Renault: I’m shocked — shocked! — to find that gambling is going on in here. . . .Emil (to Renault): Your winnings, sir.Capt. Renault: Oh, thank you, very much. . . Everybody out at once!– a …
Madison revs drills
Vancouver-based Madison Enterprises (MNP-V) is gearing up for more exploration at the Mt. Kare gold-silver project in Papua New Guinea and the Lewis gold property in Nevada.At Mt. Kare, Madison is pre…
Cusac aims to revive Table Mountain
A proposed $3-million financing sets the stage for Cusac Mining (CQC-T) to place its wholly owned Table Mountain gold mine into production later this year. The former producer is near Cassiar in north…
Etruscan raises development funds
Armed with the proceeds from a $15-million financing, Etruscan Resources (EET-T) is gearing up for a busy year at its stable of African gold and diamond projects.The company has two projects on track …
CVG approves Las Cristinas feasibility
Toronto-based Crystallex International (KRY-T) has moved a step closer to development of Las Cristinas, a large, low-grade gold project in Venezuela’s Bolivar state.The company’s local partner, Corpor…
Rio Narcea to explore Salave
In a deal potentially valued at more than US$30 million, Rio Narcea Gold Mines (RNG-T) has acquired rights to develop the Salave deposit from mining promoter J. Patrick Sheridan.The gold project is in…
Placer hits new zone at East Bay in Red Lake
Drilling by Placer Dome (PDG-T) has intersected a new zone and expanded known zones of gold mineralization at the East Bay property in Ontario’s Red Lake camp.Ownership of the project is shared equall…
Solomon eyes Metla property
Subject to due diligence and regulatory approvals, Solomon Resources (SRB-V) has agreed to option the Metla polymetallic project, 150 km west of Dease Lake in northwestern British Columbia.The acquisi…