Volume 99 Number 34 Oct 7 - 13, 2013

Geologists study drill cuttings at the Beatons Creek gold project in western Australia (2012). Source: Novo Resources

Newmont takes large stake in Hennigh’s Novo Resources

Newmont Mining (TSX: NMC; NYSE: NEM) has acquired a 35.7% stake in Novo Resources (CNSX: NVO), a Vancouver-based junior that is earning a 70% interest in two exploration properties in the Eastern Pilbara shire of Western Australia that…

Inside the processing facilities at Centerra's Kuptor mine in Kyrgyzstan. Source: Centerra

Centerra’s compromise on Kumtor lifts political overhang

Facing penalties of US$467 million for alleged environmental damages at its Kumtor mine in Kyrgyzstan and a state commission report issued last year that concluded Centerra Gold (TSX: CG; US-OTC: CAGDF) should pay more to operate the mine, the…

The drill site at Midas Gold's Yellow Pine deposit. Credit: Midas Gold.

Midas optimizes Golden Meadows

Midas Gold (TSX: MAX) is assessing ways to lift the economics of its wholly owned Golden Meadows gold project in Idaho’s historic Stibnite mining district ahead of a prefeasibility study that’s due in mid-2014.

The surface of the Mitchell deposit at Seabridge Gold's KSM gold-copper project, 65 km northwest of Stewart, B.C. Source: Seabridge Gold

Seabridge finds more high-grade core zones at KSM

VANCOUVER — Seabridge Gold’s (TSX: SEA; NYSE: SA) KSM project encompasses four deposits that contain 38 million oz. gold and 10 billion lb. copper. But mines for deposits that big are usually expensive to build and operate, and KSM…

Leach-pad construction at Marlin Gold Mining's Trinidad gold project in Sinaloa, Mexico. Source: Marlin Gold

Production is right around the corner for Marlin Gold

It’s not every day that you come across a junior that is on the brink of production and generating cash within four to six months, whose largest shareholder is a hedge fund with an 80% ownership stake, whose management team is headed by…

An exploration vessel at Nautilus Minerals' Solwara 1 underwater project, in 2010.  Source: Nautilus Minerals

Nautilus, PNG await arbitration decision

VANCOUVER — In 2011 it looked like Nautilus Minerals’ (TSX: NUS; US-OTC: NUSMF) pioneering plan to mine high-grade sea floor sulphide deposits might actually work. The company had permits, a joint venture with the Papua New Guinea…

Columbus Gold CEO Robert Giustra (second from right) and country manager Andre Adam (third from right) address visitors at a drill site at the Paul Isnard gold project in northwest French Guiana. Source:  Columbus Gold

Columbus Gold on the rise after Nordgold deal

VANCOUVER — It can be tough for junior companies to get market traction these days, but one angle that can still make shares pop is the age-old option agreement with a large-cap producer. And that’s the story for Columbus Gold…

Drill core at the geologist base camp near Semafo's Mana gold mine in Burkina Faso. Source: Semafo

Semafo impresses with high-grade reserves

VANCOUVER — The future is looking brighter for Montreal-based gold producer Semafo (TSE: SMF; NYSE: SEMFF) at its Mana mine in Burkina Faso, after a reserve update showed higher-grade ounces at the company’s satellite Siou deposit.

B.C. Minister of Energy and Mines Bill Bennett (left) joins Taseko Mines president and CEO Russell Hallbauer onstage at the company's Gibraltar mine-expansion celebration in B.C. Photo by Gwen Preston.

Taseko celebrates an improved Gibraltar mine

WILLIAMS LAKE, B.C. — When Taseko Mines (TSX: TKO; NYSE-MKT: TGB) reopened Gibraltar near Williams Lake in 2006, the 36-year-old mine had enough ore to feed its 30,000-tonne-per-day mill for just over three years.

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