NEVADA — Camnor eyes Alum property
A recent letter agreement sets the stage for Camnor Resources (CMB-V) to acquire a 100% interest in the Alum property in Nevada’s Emerald Cty.The Vancouver-based junior also plans to acquire a 100% in…
News
NEVADA — Production milestone of 1 million oz. forecast for Bald Mountain gold mine
Open-pit operation looks forward to eight more productive yearsThe Bald Mountain heap-leach gold mine of Placer Dome (PDG-T) has turned out 850,000 oz. since it entered production in 1983 and, with ei…
NEAVADA — Ken Snyder deposit expected to boost revenue for royalty sisters — Franco-Nevada, Euro-Nevada to spend US$28.5m on development
In an effort to sustain record profits, royalty sisters Franco-Nevada Mining (FN-T) and Euro-Nevada Mining (EN-T) have departed from their traditional “silent partner” role of acquiring and benefiting…
NEVADA — Rayrock explores mine properties
Nevada gold operations have long been a production cornerstone for Rayrock Yellowknife Resources (RAY-T). But with some of those mines running out of ore, the company is planning to step up the pace o…
ODDS ‘N’ SODS — Return of the ’60 Pontiac
In 1958, my dad was working at the Quirke uranium mine of Rio Algom in Elliot Lake, Ont., as a raise miner and, later, a shift boss.For a number of years, he made the journey every second week from Ki…
EDITORIAL AND OPINION — Canadian voters an unpredictable lot — Electing an Opposition
The steady hand of Paul Martin on the helm of the Canadian economy is probably the greatest strength of the Liberal party as it seeks another term in Ottawa and the re-election of Prime Minister Jean …
THE DIAMOND PAGE –Junior seeks gems in southwestern Africa
Botswana Diamondfields (BWD-V) reports it is close to securing a half interest in, and operatorship of, two diamond concessions in Angola.Before the protracted civil war, which began in 1975, substant…
STOCK MARKETS — VSE, Alberta slide as western markets continue slump — Diamond explorers add lustre to otherwise sluggish week
Both western markets slipped over the report period ended May 27, with the Vancouver Stock Exchange losing 17.63 points to close at 1,000.59 and the Alberta Stock Exchange down 33.34 points to finish …
Eldorado expands Brazilian gold producer
The cost of expanding the Sao Bento gold mine in Brazil led to a loss of US$1.6 million for Eldorado Gold (ELD-T) in fiscal 1996, compared with a loss of US$2.2 million in the previous year.The mine, …
Rea Gold posts first-quarter loss
A low gold price took the wind out of Rea Gold’s (REO-T) sails during the first quarter.For the 3-Month period, the junior posted a loss of $5.8 million on revenue of $3.1 million, compared with a los…
Sur American detects IP anomaly
A geophysical survey by Sur American Gold (SUR-A) at its Mina Rica property in western Colombia has outlined a large volume of moderate-To-high resistivity over an area measuring 1,000 by 300 metres.T…
NEVADA — Cortez partners aim to extend Pipeline mineralization — Exploration program will test potential of Coral Gold’s Robertson property
The Cortez joint venture will attempt to extend its Pipeline deposit by exploring on the Robertson property of Vancouver-based Coral Gold (CLH-V)According to Louis Wolfin, president of Coral, the Cort…