News


Bolivar Goldfields to spend $5-million

VSE-listed Consolidated Cassandra Resources plans to spend US$5 million exploring its new land package in Bolivar state, Venezuela. The company is expected to change its name to Bolivar Goldfields to …


NEWS ROUNDUP — Deak pours first Astoria brick

The first gold brick from the Astoria gold mine in northwestern Quebec was poured recently by Deak Resources (TSE). Ore from the Yorbeau project near Rouyn-Noranda, Que., is being trucked to Deak’s Vi…


NEWS ROUNDUP — Eden Roc drills at Anuiri mine

By drilling on its gold project in Ivory Coast, Eden Roc Mineral (TSE) hopes to be able to confirm reserves and thereby triple production. Eden Roc has a 68% interest in Societe des Mines d’Afema, own…


NEWS ROUNDUP — Annabel options Wyoming gold play

Vancouver-listed Annabel Gold Mines (VSE) can earn a half interest in the Carissa property in Wyoming from Hol-Lac Gold Mines (CDN). The property consists of 12 patented lode claims and five patented …


COMMENTARY — Oversupply just won’t go away

Base metal markets remain seriously oversupplied and the situation is worsening. Inventories of metals, particularly on the London Metal Exchange, continue to climb relentlessly with new all-time inve…





Richmont acquires Camflo mill

For a nominal cash consideration and a commitment to cover eventual reclamation liabilities estimated at about $1.3 million, Richmont Mines (ME) now has its own gold mill. It is the old 1,400-ton-per-…


Open pit may be expanded at the Dome gold mine

At the Dome gold mine near Timmins, Ont., a feasibility study is in the works to determine the economics of expanding the open pit. It should be completed in the fourth quarter. Also under considerati…



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