News


Cameco drops Springpole

Management of Gold Canyon Resources (CGU-V) reports that Cameco (CCO-T) has dropped its option to earn an interest in the Springpole Lake gold project, 113 km northeast of Red Lake, Ont.The project wa…



Madsen commissions mine

Madsen Gold (MGF-T) has reached the commissioning stage at its namesake mine southwest of Red Lake, Ont.The operation is producing at the projected daily rate of 500 tons, and the average grade stands…



PNG mines hurt by prolonged drought

Drought in the highlands of Papua New Guinea (PNG) is hampering mine operations there.At the Porgera gold mine, 50% owned by Placer Dome (PDG-N), mill operations were suspended June 1 owing to low wat…


Misty Mountain unveils new resource

Misty Mountain Gold (MGL-T) has announced a new minable resource estimate for the Specogna deposit in the Queen Charlotte Islands of British Columbia.The deposit, which forms part of the Harmony proje…


Amax buys Russian gold mine

Amax Gold (AU-N) has bought a half interest in the Kubaka gold mine in far eastern Russia from Cyprus Amax Minerals (CYM-N).To complete the transaction, Amax issued 11.8 million shares of common stock…




Timmins project keeps Holmer rooted at home

BBY THOMAS BROCKELBANKWhile it is making a name for itself with its Cuban projects, Holmer Gold Mines (HGM-T) is keeping one foot firmly planted in one of Canada’s oldest mining camps.Holmer has a 100…



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