Yandal deadline passes
Newmont Mining has had partial success sorting out the financial problems at its Yandal gold subsidiary in Australia.On March 27, Newmont brashly gave its hedging counterparties and its noteholders at…
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Mindoro cuts high gold grades at Lobo (June 09, 2003)
Vancouver — Initial results from ongoing drilling by Mindoro Resources (MIO-V) have confirmed the high-grade potential of the Lobo gold property in the Philippines.The first hole tested the downdip e…
Montana approves Waseka gold operation
With Montana state regulatory approval in hand, Calgary-based Profile Resources (PFL-V) is ready to begin test milling at its Waseka operation in Madison Cty., Montana.The State’s Department of Enviro…
Golds add spice to stale market
Vancouver — Canada’s junior exchange maintained its rally over the week ended June 3 as investors nibbled on select gold-related issues. The S&P-TSX Venture Exchange composite index tacked on 5.84 po…
Base metals surge as golds fizzle
The Toronto Stock Exchange’s composite index continued its upward climb over the May 28-June 3 report period, ending 95.04 points higher at 6,931.25.The gold index fared poorly despite a surge in pric…
Queenstake buys Jerritt Canyon, again
The sale of the Jerritt Canyon gold mine in Elko Cty., Nev., is on again, following an agreement by owners AngloGold (AU-N) and Meridian Gold (MNG-T) to take shares as partial payment from buyer Queen…
Phelps Dodge settles with New Mexico
Vancouver — The world’s second-largest copper miner has reached an agreement with the state of New Mexico over financial assurances required as part of the closure of its Tyrone, Chino and Cobre oper…
Coeur d’Alene posts loss
The first quarter of 2003 left Coeur d’Alene Mines (CDE-N) with a loss even though revenue and cash flow were substantially increased.A one-time charge of US$28.1 million for early conversion of exist…
Imperial extends 114 zone at Sterling
The latest 13-hole drilling campaign by Vancouver-based junior Imperial Metals (III-T) on its 12.5-sq.-km Sterling gold property in southwestern Nevada has lengthened the 114 zone by 107 metres to abo…
Romios renews Scossa campaign
Junior Romios Gold Resources (YRW-V) is drill-testing several gold-bearing structures at its Scossa gold property in north-central Nevada.The program entails several deep holes to follow up mineraliza…
Stillwater rights offering falls through
Vancouver — A private equity fund has withdrawn its US$100-million rights offering for shares in Stillwater Mining (SWC-N), putting the fate of the Montana-based company firmly in the hands of Russia…
Nevada Pacific targets Limousine Butte (June 09, 2003)
Vancouver-based junior Nevada Pacific Gold (NPG-V) is preparing to drill-test the Resurrection Ridge zone on its 40-sq.-km Limousine Butte gold project in east-central Nevada.Resurrection Ridge is one…