Core Sack SILBAK PREMIER
The Silbak Premier silver-gold Tdeposit, 21 km north of Stewart, TB.C., has mineable, open-pit reserves of 5.9 million tonnes grading 2.16 g gold and 80.23 g silver per tonne. The Silbak Premier will …
News
Golden Nevada, Bethlehem to buy Goldstream mine
Although the price wasn’t disclosed, Golden Nevada Resources (TSE) and Bethlehem Resources Corp. (TSE) have signed a letter of intent to purchase a 100% interest in the Goldstream deposit and related …
Ridgeway revives Galactic
Success was about as elusive as the gold in its first mining venture, but Galactic Resources (TSE) is reporting an exceptional start for its recently- opened Ridgeway gold mine in South Carolina. The …
Managing TIMELY ADVICE
It has often been said, live for today, not tomorrow. Or that we think of the past with regret and the future with fear. Or never look back — you’ll die of remorse. In other words, when we look back …
World Gold Conference at Lugano, Switzerland
This year’s World Gold Conference will be held in Lugano, Switzerland on June 26-27. The conference attracts investors, miners and dealers from around the world regardless of the state of the gold mar…
Hemlo Gold expanding output
Canada’s second largest gold mine plans to get bigger during the next several years. Golden Giant, owned by Hemlo Gold Mines (TSE) expects to increase its gold output to an average of 430,000 oz per y…
Law DEALING WITH DEFAULT
“Sorry, but we just could not raise the money.” These or similar words often immediately precede, or are used to explain, the occurrence of an event of default under an agreement. The result that can …
Silverado, Amax Gold consider joint venture
Silverado Mines (VSE) says it has reached an “understanding” with Amax Gold (NYSE) for further development of the Grant mine/ Ester Dome project near Fairbanks, Alaska. Assuming the agreement is forma…
Cominco still adding up profits
Although most base metal producers won’t say how long they expect metal prices to remain strong, the latest financial results from Cominco Ltd. (TSE) suggest the good times are not over yet. Higher me…
Continental Mt Milligan
The extent of the low grade porphyry gold-copper system at Continental Gold Corp.’s (VSE) Mt. Milligan project in central British Columbia should be known after the current step-out drilling program i…
TURNAROUND MACLELLAN
The MacLellan mine, about 10 km northeast of Lynn Lake, Man., has had a bumpy road to profitability. It started producing gold in late 1986, but even by February, 1988, couldn’t make ends meet. So par…
Cyprus Minerals earnings bolstered by metal prices
Strong metal prices are positively affecting the balance sheets of major mining companies such as Cyprus Minerals (NYSE). First quarter earnings jumped to $81 million(US) or $2.94 per share, compared …