Pace Pays Off With Rapid Resource For Oroco
VANCOUVER — It took only $1.25 million and five months of drilling for Oroco Resource (OCO-V) to define a promising resource at its Cerro Prieto project in Sonora state, Mexico, and there is every in…
Gold
Yamana Makes Headway In Mexico, Brazil
It was just four months ago that Yamana Gold (YRI-T, AUY-N) was trading in Toronto at the very bottom of its 52-week price range of $4.29-19.79 per share.
Geologix’s Loss Is Silver Standard’s Gain
Unable to get its hands on the money it needed to make a final payment on the San Agustin poly-metallic deposit, Geologix Explorations (GIX-T, GXEXF-O) must walk away from a project it has spent most …
Uruguay’s Only Miner Searches Out More Gold
Uruguay’s relative obscurity as far as mining countries go has generally worked for Uruguay Mineral Exploration (UME-V, UGY-L).
Apollo Pays Hefty Price For Black Fox Funds
Apollo Gold (APG-T, AGT-X) now has the money it needs to push ahead with the construction of its Black Fox gold mine near Timmins, Ont., but at what cost?
Meliadine Gets Scoping Study Go-Ahead
VANCOUVER — After 20 years of work in Canada’s North, Comaplex Minerals (CMF-T, CXMLF-O) has a positive scoping study in hand for a combined open-pit/underground operation at its Meliadine gold proje…
Pacific North West Buys Nixon Fork Gold Mine
While many cash-poor resource companies are experiencing considerable pain in the current bear market, their well-funded brethren are using these conditions as an opportunity to acquire assets.
Chesapeake Mulls Options At Metates
VANCOUVER — Armed with long mineralized intercepts and a new metallurgical plan for a big gold-silver deposit in Mexico, Chesapeake Gold (CKG-V) is pushing ahead with exploration and development plan…
Eritrea’s Potential Sees Canadian Miners Through Turbulence
Eritrea usually finds itself in the Western media’s headlines for its dispute with neighbouring Ethiopia over the border that divides the two countries.
Queenston Refuels With $18M Financing
Queenston Mining (QMI-T, QNMNF-O) has big spending plans for the Kirkland Lake gold camp, in northwestern Ontario, where it’s developing four gold deposits.
Abacus Tallies Growing Copper-Gold Resource At Ajax
VANCOUVER– It was an old box of forgotten data in the back of a mill building that changed everything for Abacus Mining & Exploration (AME-V, ABCFF-O). Now, three and a half years after finding t…
Newmont Posts Record Revenues In 2008
Newmont Mining (NMC-T, NEM-N) saw higher multiples in 2008, with the gold major posting revenues of about US$6.2 billion for the year, up 12% over 2007’s US$5.5 billion.