Crystallex mining Lo Increible
Vancouver-based Crystallex International (KRY-T) has started mining at the La Victoria open pit, one of six gold deposits at the company’s newly acquired Lo Increible project in Venezuela’s El Callao …
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Modi Taung yields more high grades
Geochemical sampling at the Modi Taung gold project in central Myanmar has turned up more nuggets for Ivanhoe Mines (IVN-T).Tunneled into SW Zone 3, Adit 6 returned up to 321.7 grams gold per tonne ov…
Gammon reworks terms of Ocampo agreement
Gammon Lake Resources (GAM-T) has renegotiated the payment schedule for its Ocampo gold- silver project in Mexico’s Chihuahua state.The Halifax-based junior can acquire a 100% interest in virtually th…
Campbell spills more red ink, advances merger
The suspension of mining at two gold operations — one in Quebec, the other in Mexico — has pushed Campbell Resources (CCH-T) even deeper into the red.Coming on the heels of a $64-million loss for al…
Fort Knox eyes Sudbury (May 28, 2001)
Vancouver — Fort Knox Gold Resources (FNX-T) has teamed with mining contractor Dynatec (DY-T) in an attempt to acquire five of Inco’s (N-T) properties in the Sudbury Basin. Inco has accepted t…
Gold prices move up to new range
Gold bugs enjoyed an invigorating rally in the yellow metal over the May 16-22 report period, as the London gold price broke out of a long-held, sub-US$270-per-oz. range to spend a few hours above US$…
Silver Standard hits silver zone at Aussie project
Drilling by Silver Standard Resources (SSO-V) has returned 46 metres grading 284 grams silver per tonne from the Bowdens silver deposit in New South Wales, 200 km northwest of Sydney.The junior comple…
Akrokeri-Ashanti sets records
Turning a profit at current gold prices is no easy task, which is why management of Akrokeri-Ashanti Gold Mines (YAG-V) is justifiably proud of the numerous records set during the 2001 first quarter a…
Claude tries to hold down costs at Seabee
The Seabee gold mine in Saskatchewan’s La Ronge district has produced modest profits for most of its 10-year operating history. Not so in the first quarter of 2001, when operator Claude Resources (CRJ…
Franco buys Metallica stake
Toronto-based Franco-Nevada Mining (FN-T) has acquired an additional 1.2 million shares of Metallica Resources (MR-T), boosting its equity stake to 3.4 million shares, or 12.76% of the Colorado-based …
Teck eyes Kantela, Shea
Teck (TEK-T) is funding an exploration program at Orezone Resources’ (ORZ-T) Kantela gold property in Mali.The major can earn 60% interests in the Kantela and Shea gold properties (the latter is in Gh…
McWatters reports quarterly loss
With mining suspended at the Sigma-Lamaque open-pit gold mine in Val d’Or, Que., McWatters Mining (MCW-T) has posted a loss of $2.9 million (or 4 per share) on revenue of $13.2 million for the first …