NEWS ROUNDUP — Financing benefits Velardena
In a move aimed at accelerating production from the Velardena gold-silver mine in Durango state, Mexico, a group of investors represented by Global Equities has acquired a block of ECU Gold Mining (EC…
News
BASE METALS — Rio Algom forges ahead in copper quest
Once known principally for its production of uranium, Rio Algom (ROM-T) is steadily earning a reputation as a major producer of copper.Last year, while addressing shareholders at the company’s annual …
BASE METALS — Breakwater resurrects Tunisian mine
After a startup period of less than a month, the Bougrine mine in Tunisia, has begun cranking out zinc and lead at commercial levels.The mine’s owner, Breakwater Resources (BWR-T), reports that mill t…
BASE METALS — Raudin pegs copper resource
Raudin Exploration (RAU-M) has unveiled its first resource estimate for its Vondenbleu copper-silver property in the Mont-Alexandre area of Quebec’s Gasp Peninsula.Based on a 7,800-metre program comp…
FACTS ‘N’ FIGURES — Gold loses lustre in SE Asia
The economic and currency crisis that has gripped Southeast Asia has had a significant adverse impact on gold demand in the region. Consumers purchases of gold in Thailand, Indonesia, Singapore, Malay…
Crystallex shareholders cry over end of legal battle
The shorts laughed all the way to the bank and the longs cried over their losses.So sums up the range of emotions felt by fans and critics of Crystallex International (KRY-T) after a Venezuelan court …
Drilling adds more sparkle to Meadowbank
A winter drilling campaign at the Meadowbank gold project of Cumberland Resources (CBD-T) has connected the Third Portage and North Portage zones, while extending the adjacent Bay zone northwards.The …
River Gold buys Mishi
River Gold Mines (RIV-T) has acquired the Mishi Lake gold deposit near Wawa, Ont.The vendors, MacMillan Gold (MMG-T) and Mishibishu Gold (MGO-V), held 40% and 60% interests, respectively.River’s cost …
Shear slippage blamed for dam failure
A preliminary report by a Spanish consulting firm suggests that the Los Frailes tailings dam near Aznalcollar, Spain, failed when a shear zone in the underlying rocks slipped.In a report to owner Boli…
Canada issues silver coin
In sports, bigger is often better, so it is fitting that the Royal Canadian Mint has made its new sport-themed silver coins the largest-ever legal tender Canadian coins.The four 10-oz. sterling silver…
MINING MARKETS & INVESTMENT NEWS — Horst turfed from Dayton board at annual meeting
At the annual meeting of Dayton Mining (DAY-T), dissident shareholder Manchester Securities succeeded in ousting Dayton Chairman Roland Horst and the entire board of directors.Before the votes were ca…
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