News



Cusac restarts Table Mountain mill

Milling has resumed at the Table Mountain gold mine in northern British Columbia.Owner Cusac Industries (TSE) shut down the 300-ton-per-day mill last fall so that it could focus on outlining additiona…


Yamana, Noranda explore Fin del Mundo project

As the search for base metals becomes more and more difficult, many Canadian exploration companies are venturing farther and farther abroad.Exemplifying this trend are Yamana Resources (TSE) and Noran…


Hemlo expects growth from project portfolio

First-quarter production from Hemlo Gold’s (TSE) two Canadian gold producers was higher than anticipated, and overall production is expected to expand further.Hemlo’s wholly owned Golden Giant mine ne…


Murgor drilling continues

More assay results were released by Murgor Resources (VSE) from drilling on its gold property in Quebec’s Barry Twp.The junior reported results from seven holes of its second-phase, 8-hole program. Al…


Coeur d’Alene, Echo Bay at odds over Kensington

A dispute has arisen between partners Coeur d’Alene Mines (NYSE) and Echo Bay Mines (AMEX) over their Kensington gold project in southeastern Alaska.Based on its understanding of the terms of the agre…


Metall increases budget for exploration spending

TSE-listed Metall Mining has increased exploration spending by about one-third, to $20.1 million, as it continues to focus on North and Latin America and Europe.At the Gataga project, north of McKenzi…


SEC lists broker compensation procedures

In an effort to reduce conflicts of interest between brokers and investors, the U.S. Securities and Exchange Commission (SEC) in Washington has unveiled a report highlighting “best practices” that bro…


Royal Oak moves to buy El Condor

Gold producer Royal Oak Mines (TSE) intends to acquire El Condor Resources (VSE) for about $95 million.El Condor’s principal asset is a 60% interest in the Kemess South gold-copper deposit in north-ce…


Aurex reports increase in reserves at Cobrex

Reserves at Minera Cobrex’s copper-silver project in northern Chile are on the rise.Aurex Resources (TSE), which holds a 70% interest in Cobrex, now estimates the project’s resource at more than 5 mil…



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