Platinova considers reopening mine
Greenland-based Platinova (pas, pva.s-t) is evaluating the feasibility of mining pillars from the abandoned Black Angel zinc-lead-silver mine on that country’s western coast.From 1973 until its closur…
News
Madison hits high-grade gold
Drilling by Madison Enterprises (mad-v) at its Mt. Kare property in Papua New Guinea has returned high-grade mineralization.A 4.5-metre intersection from hole 5 — part of an 11-hole, 1,663.5-metre di…
Flooding, claims, taxes boost cost of Alumbrera — Rio Algom still predicts startup in third quarter
The cost of the Bajo de la Alumbrera copper-gold project in Argentina has surged to nearly $200 million as a result of record rainfall and additional expenses.The mine is still slated to open ahead of…
EDITORIAL & OPINION — Busang’s casting call — Coming attraction
It is part of the human condition to seek comic relief when matters become too serious, which might explain the outbreak of black humor on Bay Street as investors in Bre-X Minerals await the results o…
Royal Oak explores in Fiji
Washington state-based Royal Oak Mines (ryo-t) is headed to Fiji to explore for copper and gold.The mid-tier gold producer struck a deal with Placer Pacific Namosi to acquire the Namosi project, which…
Moneta, Barrick hit more gold
Drilling on the Michaud gold property, east of Timmins, Ont., continues to return positive results for partners Moneta Porcupine Mines (me-t) and Barrick Gold (abx-t).Recently, in the central block of…
Cameco reports mixed results
Uranium and gold producer Cameco (cco-t) experienced higher revenues but lower earnings during the first quarter.The Saskatoon-based firm generated $114 million in revenue during the period, compared …
LETTER TO THE EDITOR — Less regulation and more professionalism
It is with amazement and wry amusement that one hears and reads about the ever-changing, convoluted events surrounding the Busang project in Indonesia.Particularly amusing are the recent Toronto gathe…
Queenston and Franco-Nevada take aim at Kirkland Lake prospect
Partners Queenston Mining (qmi-t) and Franco-Nevada Mining (fn-t) have announced the discovery of two new gold zones following a first phase of drilling at the McBean and Anoki gold deposits, east of …
TVX Gold calculates new resource in Greece
Drilling has enabled TVX Gold (tvx-t) to calculate resource figures for its Skouries copper-gold project in northern Greece.Last year, the company sank 23 diamond drill holes in a program exceeding 15…
ODDS ‘N’ SODS — A guilty conscience
.BBOB SINKSONWorking as an expatriate mine manager in South America, I learned that the margin between waking and dreaming can be very thin.One Sunday afternoon, I was sitting in my undershorts, dripp…
Delgratia resumes trading after assaying controversy
Las Vegas, Nev. — Shares of Delgratia Mining (delgf-q) have resumed trading after a 3-week halt related to controversy over assay results from the company’s Josh property, some 40 miles south of here…