Placer squeezes more gold out of Pipeline
Denver — The start of mining at the South Pipeline deposit and an ore-sales agreement with the Jerritt Canyon operation are expected to contribute to a 17% increase in gold output at the Pipeline com…
News
Golden Phoenix plans to resuscitate Mineral Ridge
Denver — Golden Phoenix Minerals (GPXM-O) intends to resume production at the Mineral Ridge mine in southwestern Nevada. To do so, the Reno-based company will try to secure US$2 million in financing …
Soledad Mtn written down
Denver — Low gold prices have forced Golden Queen Mining (GQM-T) to write down the value of the Soledad Mountain project in southern California. The company posted a net loss of US$28.9 million for 2…
Noranda drills Nfld copper prospect
Toronto-based Noranda (NOR-T) has begun a first phase of drilling at the Blue Point copper prospect, part of the Red Cliff project in eastern Newfoundland.Blue Point is a gently dipping, coastal expos…
MOST ACTIVE ISSUES, MAY 30-JUNE 5
ExchgVol(000s)HighLowCloseChangeAlcoa*N 1361144.9842.1244.84+1.38…
GREATEST VALUE TRADED, MAY 30-JUNE 5
ExchgVal($000s)HighLowCloseChangeAlcoa*N61034444.9842.1244.84+1.38…
Newmont resumes search at Limousine Butte
In preparation for a third round of drilling on the Limousine Butte gold property in east-central Nevada, a field crew from Newmont Mining (NEM-N) has begun soil sampling and ground geophysics prior t…
Great Basin delves under Hollister
Deep drilling by Great Basin Gold (GBG-V) is testing for Devonian carbonate rocks below the Hollister deposit at the Ivanhoe property in Nevada’s Carlin trend.Ivanhoe is midway between two major opera…
Cordero shows gallium values
At the Cordero property, near McDermitt, Nev., Gold Canyon Resources (GCU-V) has uncovered gallium values in the range of 200 grams per tonne — purportedly the highest such grades so far encountered …
Idaho cobalt on fast track
Denver — After submitting a plan of operations for the Idaho Cobalt project, Formation Capital (FCO-T) has voluntarily agreed to a joint review by state and federal regulators and third-party consult…
Don’t hold your breath
The late-May spike in the gold price proved to be short-lived, but that didn’t prevent gold bugs from speculating that the bears, the banks and the bookkeepers were at last going to be put to rout. Fo…
More drilling at Scossa
Denver — In light of a successful 2000, Romios Gold (YRW-V) plans to resume drilling at the Scossa property, 6 miles southeast of the Rosebud mine in northern Nevada.The new campaign, budgeted at US$…