Rambler cuts new copper-gold zone
A new copper-mineralized zone has been identified in drilling at the Rambler project in west-central Newfoundland….
News
More Oxus licence woes
London-based developer Oxus Gold (OXUSF-O, OXS-L) says it is “reviewing its legal options” after the announcement from Kyrgyzstan that the state mining agency Kyrgyzaltyn had engaged a new joint-ventu…
More mineralization at Belahouro (August 14, 2006)
In a drilling program designed to expand the known resource on the Belahouro property in northern Burkina Faso, Goldbelt Resources (GLD-V, GLDRF-O) has intersected extensions of mineralization on both…
Eureka! Positive study on Miheevskoye
London-listed developer Eureka Mining (ERKMF-O, EKA-L) will go to a final feasibility study on its Miheevskoye copper-gold deposit in Russia following a prefeasibility study that concluded a 25-millio…
LME Warehouse Levels (August 14, 2006)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Aug. 4, 2006 (change from July 31 in brackets):…
Pan American cuts costs, boosts production and earnings
The second quarter of 2006 was another record-breaking quarter for Pan American Silver (PAA-T, PAAS-Q), which posted a 201% increase in net earnings to US$15 million, or 21 per share, from US$5 milli…
Tiomin lines up funding for Kwale (August 14, 2006)
Tiomin Resources (TIO-T, TMIRF-O) has reached final agreements with a lending syndicate for US$155 million in debt financing for the Kwale titanium-sands project in Kenya, fulfilling conditions on an…
U.S. Markets august 1-7
Trading on U.S stock markets was flat over the report period Aug. 1-Aug. 7, with the Standard & Poor’s 500 Index up barely a point to close at 1,275.77. Three penny juniors were the most active tr…
Teck snaps Inco’s olive branch (August 14, 2006)
Teck Cominco (TCK.B-T, TCK-N) has politely declined Inco’s (N-T, N-N) invitation to the negotiating table, instead preferring to stick to its game plan and existing cash-and-share takeover bid for the…
High River takes on Russian silver project (August 14, 2006)
The Russian subsidiary of High River Gold (HRG-T), Buryatzoloto, has lined up an agreement with private Russian company Gazteck Industry that will give Buryatzoloto a 50% interest in an undeveloped si…
The Uzbek taxman cometh (August 14, 2006)
The government of Uzbekistan has seized some gold and banned further shipments of the yellow metal from Newmont Mining’s (NMC-T, NEM-N) 50%-owned Zarafshan heap-leach operation in the Kyzylkum desert,…
Acadian looks at Scotia startup
Acadian Gold (ADA-V, ADGLF-O) is hoping to move to early production at the Scotia Zinc project near Gays River, N.S., after receiving results of a recent feasibility study….