News



Agnico-Eagle reports second-quarter loss

Lower gold prices and production, as well as reduced interest income, led to a loss for Agnico-Eagle Mines (age-t) in the second quarter.The company recorded a net loss of $1.2 million (or 3 cents per…



International Pursuit joins White Knight in Nevada

International Pursuit (ipj-t) has signed an agreement-in-principle to acquire interests in two Nevada gold properties of White Knight Resources (wkr-v).White Knight, which holds properties in Nevada’s…


Restructuring fills Minorca’s coffers

A stock restructuring program has given Minorca Resources (mar-t) an influx of $67 million for potential project development.Eleven million special warrants were issued on March 13, and holders of 10….




Rains force work suspension at Poura

A flash flood has caused Sahelian Goldfields (shgi-c) to suspend its underground rehabilitation and development program at the Poura gold mine in Burkina Faso.Sahelian reports that 70 mm of rain, fall…


Newmont breaks record in quarter

Newmont Gold (ngc-n) is the first North American gold producer to have produced 1 million oz. in one 3-month period.During the second quarter, the company produced 1.03 million oz. It is now working t…


Cumberland ups holding in Meadowbank

Vancouver-based Cumberland Resources (cbd-t) has completed its previously announced acquisition of a further 40% interest in the Meadowbank gold project from Comaplex Minerals (cmf-t) (T.N.M., June 30…


Kasese Cobalt inks loan plan for plant

As the political situation in central Africa continues to stabilize, more Canadian-based mining companies are advancing projects, which is having the effect of rebuilding the region’s mineral industry…


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