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.
Gold
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.
Volta Defines Copper-Gold Resource In Burkina Faso
VANCOUVER — A few days after its joint-venture partner returned full ownership of the Gaoua coppergold property in Burkina Faso to Volta Resources (VTR-T, VLTAF-O), the junior announced a sizable ini…
Assay Lab ‘Oops’: Northern Freegold Hits Bonanza-Grade
VANCOUVER — Northern Freegold (NFR-V, NFRGF-O) CEO Bill Harris and president Susan Craig suspected the assay results of a drill intercept from the Nucleus zone of its Freegold Mountain property in th…
Nayarit Hunts High Grade At Orion
SITE VISIT ANIMAS, MEXICO — Nayarit Gold’s (NYG-V, NYRTF-O) vice-president of exploration, Hall Stewart, would love to go chasing veins on the company’s 1,120-sq.-km Orion property in Mexico. “The district…
Salazar Resources drill-ready in Ecuador
Vancouver – After ten months lying idle Salazar Resources (SRL-V) is chomping at the bit to get drills turning ag…
Temex gets little praise for solid results
Temex Resources (TME-V) continues to get solid intersects from drilling at the Hallnor mine block at its Whitney To…
Breakwater Resources struggles to stay above water
Breakwater Resources (BWR-T) posted a net loss of C$88.3 million or C$0.20 per share in 2008 compared with net earn…
Richmont shows the way in tough times
While other junior miners continue to be under-cut by economic uncertainty, Richmont Mines’ (RIC-T, RIC-N) fourth q…
Lydian gets investment from European Bank of Reconstruction; IFC
The European Bank of Reconstruction and Development will invest C$1.6 million to finance Lydian International’s (LY…