Russian gold production soaring
Between January and April, Russian gold-mining enterprises produced 14.13 tonnes of gold, up from 11.82 tonnes in the corresponding period of 1997.Russia’s economics ministry has set a production targ…
News
NEVADA AND THE WESTERN STATES — World Wide Minerals acquires uranium assets in Texas
Already active at its Dornod open-pit uranium mine in Mongolia, Toronto-based World Wide Minerals (WWS-T) is broadening its uranium asset base by acquiring projects a little closer to home.The company…
Nord doubles gold resource
By relying more heavily on higher-grade sulphide mineralization, Nord Pacific (NPF-T) has doubled the gold resource at the Simberi Island project in Papua New Guinea.The company now pegs the deposit’s…
Reports of deaths following cyanide spill discredited
The 1997 startup of the Kumtor gold mine in Kyrgyzstan was perceived as the cornerstone of Cameco’s (CCO-T) strategy to grow through diversification and the model of a more-than-fair partnership betwe…
Placer Dome advances Cerro Casale gold-copper project
Since entering into a joint-venture agreement last October, Placer Dome (PGD-T) has completed US$10.5 million worth of feasibility work on the Cerro Casale gold-copper porphyry deposit and spent a fur…
Tri Origin begins drilling at Calarie gold property
Drilling has begun on the Calarie joint-venture gold property, held equally by Tri Origin Exploration (TOE-T) and Delta Gold of Australia.Work at the property, which lies 300 km northwest of Sydney, A…
NEVADA AND THE WESTERN STATES — More gold at Railroad
Drilling on the Railroad property in Nevada’s Carlin trend has led to the discovery of six prospects for partners Kinross Gold (K-T) and Mirandor Exploration (MIQ-M).Five of the prospects were mineral…
NEVADA AND THE WESTERN STATES — Nevada Pacific finances hunt for Nevada gold
Proceeds from a recently completed private placement will enable Nevada Pacific Gold to fund exploration at its Woodruff Creek and Limousine Butte projects in Nevada.The private firm raised $1.5 milli…
NEVADA AND THE WESTERN STATES — Reprieve for Pegasus
A U.S. bankruptcy court has given Pegasus Gold (PGU-M), which filed for protection from creditors in January, more time to reorganize its corporate structure.The company now has until July 31 to file …
Key recommendations of the task force
* A “Qualified Person” must sign off on all corporate disclosures by mineral exploration companies.The report defines “Qualified Person” (QP) as a licenced professional, regulated by a professional bo…
EDITORIAL — Rebuilding investor confidence no easy task — Why re-invent the wheel?
The past few weeks were eventful ones for the Canadian mining industry.David Walsh, the disgraced founder of Bre-X Minerals, died in a Caribbean hospital of a brain aneurism and related stroke. The Mi…
MINING MARKETS & INVESTMENT NEWS — INVESTMENT COMMENTARY — European analysts monitor Aussie upstarts
These are tough times for the nickel business, and some analysts contend that a crisis is looming in the years ahead as a new crop of nickel projects comes on stream, including some high-profile Austr…