News

Vancouver — The world’s second-largest copper miner has reached an agreement with the state of New Mexico over financial assurances required as part of the closure of its Tyrone, Chino and Cobre oper…

The sale of the Jerritt Canyon gold mine in Elko Cty., Nev., is on again, following an agreement by owners AngloGold (AU-N) and Meridian Gold (MNG-T) to take shares as partial payment from buyer Queen…

The first quarter of 2003 left Coeur d’Alene Mines (CDE-N) with a loss even though revenue and cash flow were substantially increased.A one-time charge of US$28.1 million for early conversion of exist…

Canadian-Australian junior BacTech Enviromet (YBA-V) has agreed to take a 55% interest in the past producing Tonkin Springs gold mine in Nevada’s Eureka Cty.To do so, BacTech must pay U.S. Gold (USGL-…

Shareholders of Gold Summit Mines (GST-V) have approved a reorganization that will see the company take over a large land package in Nevada and California.The reorganization includes a one-for-five ro…

Doublestar Resources (DSR-V) and Anaconda Gold (ANX-V) have inked a deal that could see the latter earn a 55% stake in the Damoti Lake project, 200 km north of Yellowknife.To do so, Anaconda must spen…

Campbell Resources (CCH-T) reports that five exploration drill holes at the Joe Mann mine in northern Quebec have intersected a gold-bearing quartz vein.The vein runs 1.5-7 metres wide, and four of th…