Buttress supports mining at Newmont’s Deep Post
Denver — In northern Nevada’s Carlin trend, Newmont Mining (NEM-N) has erected a buttress to support the south highwall at the Betze-Post mine, allowing underground miners at the Deep Post mine to ge…
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Power problems mount for U.S. miners
Denver — The dramatic rise in electricity costs for mining operations in the western U.S. continues to threaten the industry. Blackouts are again keeping Californians in the dark, and deregulation go…
Goldstrike exceeds 2m oz. for sixth straight year
Goldstrike in Nevada’s Carlin trend is much more than Barrick Gold’s (ABX-T) flagship gold operation; it’s a world-renowned mining camp that has produced more than 18.6 million oz. since operations be…
Noranda drills Nfld copper prospect
Toronto-based Noranda (NOR-T) has begun a first phase of drilling at the Blue Point copper prospect, part of the Red Cliff project in eastern Newfoundland.Blue Point is a gently dipping, coastal expos…
MOST ACTIVE ISSUES, MAY 30-JUNE 5
ExchgVol(000s)HighLowCloseChangeAlcoa*N 1361144.9842.1244.84+1.38…
Drilling expands Hope Bay deposit
Vancouver — Drilling by partners Miramar Mining (MAE-T) and Hope Bay Gold (HGC-T) at the Hope Bay project in Nunavut has expanded the Boston South, Naartok, P112 and Suluk zones.At the newly discover…
Sudbury Contact drills Tonkin Springs
Denver — Drilling at the Tonkin Springs gold project in central Nevada is about to resume, in preparation for a new resource estimate.Toronto-based Sudbury Contact Mines (SUD-T), a 57%-held subsidiar…
GREATEST VALUE TRADED, MAY 30-JUNE 5
ExchgVal($000s)HighLowCloseChangeAlcoa*N61034444.9842.1244.84+1.38…
Newmont resumes search at Limousine Butte
In preparation for a third round of drilling on the Limousine Butte gold property in east-central Nevada, a field crew from Newmont Mining (NEM-N) has begun soil sampling and ground geophysics prior t…
Great Basin delves under Hollister
Deep drilling by Great Basin Gold (GBG-V) is testing for Devonian carbonate rocks below the Hollister deposit at the Ivanhoe property in Nevada’s Carlin trend.Ivanhoe is midway between two major opera…
Cordero shows gallium values
At the Cordero property, near McDermitt, Nev., Gold Canyon Resources (GCU-V) has uncovered gallium values in the range of 200 grams per tonne — purportedly the highest such grades so far encountered …
Messina moves to production
Rand Merchant Bank has agreed to participate in a R345-million loan agreement being sought by a subsidiary of SouthernEra Resources (SUF-T) to construct the Messina platinum group elements mine in Sou…