News

American mining industry faces regulatory crisis

In Canada, it would be unthinkable for a politician of any mainstream political party to submit a bill designed to place a moratorium on all mineral-related activities on lands governed by the federal…


Mid-North, Cypress expand ground

Partners Cypress Development (CVP-V) and Mid-North Resources (MNU-V) have staked an additional 25 claims to cover prospective ground adjacent to their existing Gunman property in Whitepine Cty., Nev.R…


Geomaque boosts earnings

By lowering costs, Geomaque Explorations (GEO-T) managed to turn a respectable profit in the first quarter.Earnings topped US$402,000 (or 1 per share) on revenue of US$5.5 million, compared with US$8…


Gold benefits from stumbling US dollar

Gold prices saw major gains over the May 31-June 6 report period as the U.S. dollar finally showed some weakness, especially against the Euro.Beginning on June 2, gold bugs enjoyed a three-day short-c…



Trivalence nets US$4.3M

The sale of 6,890 carats of diamonds has generated US$4.3 million for Trivalence Mining (TMI-V), operator and 85%-owner of the Aredor mine in Guinea, West Africa.The five parcels of diamonds sold for …


Financings arranged for Manhattan, Pacific Rim

Two high-profile explorers in Peru have topped up their tills with equity financings.A private placement of 3.1 million special warrants priced at $3.25 each is adding $10 million to the coffers of Ma…


Bonanza plans drill program

A drill program by Bonanza Silver (BZS-V) will test the Cornucopia Caldera project, northwest of Elko, Nev. As the company’s name implies, the program is aimed at finding “bonanza-grade epithermal sil…


Golden Phoenix evaluates gold resource

Having completed a resource estimate of the six main deposits at its Borealis project in western Nevada, Golden Phoenix Minerals (GPXM-O) is one step closer to beginning a feasibility study.The most r…


Gold prices cause dip in Nevada exploration

Falling gold prices have wreaked havoc with exploration budgets for most mining companies active in Nevada.The state produces in excess of 8 million oz. gold annually — more than 70% of America’s pro…


Placer Dome takes its lumps for Getchell merger

After shelling out US$1.1 billion to acquire Getchell Gold, Placer Dome (PDG-T) was on its way to increasing gold production from operations in Nevada. However, falling gold prices during the summer o…



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