Echo Bay defers payments
Echo Bay Mines (ECO-X) will defer cash payments on US$100 million in capital securities.The second semiannual payment on the securities, which were issued in March of last year, is due in October and …
News
Venezuelan congressman challenges Crystallex — Congressional committee offers papers to OSC
Calling the court actions launched by Crystallex International (KRY-T) “judicial privateering,” a Venezuelan congressman told an investment conference here that the company’s claims to legal title to …
Etruscan, Placer Dome hit more gold mineralization at Samira
Results from seven deep holes drilled at the Samira gold project in southwestern Niger have enabled partners Etruscan Resources (EET-T) and Placer Dome (PDG-T) to confirm the deposit’s continuity at d…
Yorbeau explores in Casa Berardi
Montreal-based junior Yorbeau Resources (YRB.A-T) is poised to begin drilling on one of its three properties in the Casa Berardi area of northern Quebec.The 1,000 to 1,500-metre program in Beschefer T…
Antamina gets green light — But Inmet incapable of financing its full 50% interest
Partners Rio Algom (ROM-T) and Inmet Mining (IMN-T) have completed a positive feasibility study of the huge Antamina copper-zinc project in Peru.The fast-tracked study, compiled by Bechtel Internation…
Phelps Dodge doubles size of Piedras Verdes deposit
Drilling has enabled Phelps Dodge (PD-N) to boost the copper resource at the Piedras Verdes project in Mexico’s Sonora state.The Phoenix, Ariz.-based producer, which holds a 70% stake in the project, …
Silver Century aims drills at Quebec properties — Work follows discovery of high-grade copper
Toronto-based Silver Century Explorations (SVC-A) has resumed drilling on two copper properties northeast of Sherbrooke, Que.As part of an agreement to earn a 100% interest in the contiguous Stoke and…
EDITORIAL — We are, we are, we are, — you’re not — Campaign a low blow to geologists
Ontario’s engineers have returned their ballots in a referendum on changes to the Engineers’ Act. The changes provide for professional registration of geologists and geophysicists. If the engineers ap…
Asarco quantifies Camp Caiman gold resource
Asarco (AR-N) announced a resource for its Camp Caiman gold project in French Guiana during the Society of Mining Engineers’ annual convention here.Asarco geologist Dominique Fournier said preliminary…
Gippsland and Emperor head to Russian mining front
A joint venture between two Australian firms and a Russian platinum producer has been granted exploration and mining permits to a gold property in Russia.The company, Bystrynsky Mining, was granted a …
FACTS ‘N’ FIGURES — Gold sales in perspective
The subject of central banks and gold has become a major issue for the world gold market. One question being widely discussed is “Do recent central bank sales of gold invalidate the role of gold as a …
Lihir mine showcased at next CIM luncheon
The Lihir gold mine in Papua New Guinea will be the subject of an April 16 luncheon organized by the Toronto branch of the Canadian Institute of Mining, Metallurgy and Petroleum (CIM).The guest speake…