Red Lake, Campbell see layoffs (June 05, 2006)
Goldcorp (G-T, GG-N) has started staff reductions at the Red Lake and Campbell mines in Balmertown, Ont., beginning a process aimed at finding economies as the two are combined….
Barrick Gold Corporation
Andean American alone at Invicta
Vancouver — Junior gold producer Andean American Mining (AAG-V, ANMCF-O) will advance its Invicta gold project, in west-central Peru, on its own, following notice that Barrick Gold (ABX-T, ABX-N) wil…
Lincoln, Golden Odyssey team in Cortez trend
Nevada-based explorer Lincoln Gold (LGCP-O) has optioned its JDS property in Eureka Cty., Nev., to Golden Odyssey Exploration (GOE-V, GODYF-O)….
Barrick takes stake in Midway Gold (May 29, 2006)
Vancouver — In what has become an increasingly common strategy among majors, Barrick Gold (ABX-T, ABX-N) will participate in a financing by Nevada-focused explorer Midway Gold (MDW-V, MDWGF-O)….
Instability could place Peru in peril
Lima, Peru — As soaring oil prices and equipment delays push miners’ operating costs to record levels, bullion is offering some insurance, and mining companies in Latin America are gratified that the…
Int’l Minerals tops up treasury to develop Rio Blanco
Vancouver — Closure of its $92-million public offering has International Minerals (IMZ-T, IMZLF-O) with funds in hand to advance construction and development of its Rio Blanco gold-silver project in…
South Deep production halved for up to a year (May 29, 2006)
After a recent accident that could halve production from Johannesburg-listed Western Areas’ (WARSF-O) 50%-owned South Deep gold mine in South Africa for up to a year, the company plans to sell shares…
Goldcorp ready to develop Canada’s newest gold camp
Vancouver — With grades and production starting to slip at the Red Lake gold mine in northwestern Ontario, Goldcorp (G-T, GG-N) is stepping up the pace of exploration at its newly acquired lonore g…
Bema’s losses up, despite higher gold output
Vancouver — Record quarterly revenue and gold production was not enough to quell the red ink for Bema Gold (BGO-T, BGO-X, BAU-L), which posted a first-quarter loss of US$35.5 million, or 8 per share…
Nautilus samples deep-sea deposits (May 25, 2006)
Vancouver – Ocean-floor explorer Nautilus Minerals (NUS-V, NUSMF-O) has returned high-grade copper-gold values from…
Nevada-focused Columbus Gold launches IPO
Vancouver — Closure of its $5-million initial public offering (IPO) has Columbus Gold (CGT-V) ready to hit the tra…
Highland Gold does turnaround at Mnogovershinoye (May 22, 2006)
The year 2005 ended with a financial loss for London-based Highland Gold Mining (HGHGF-O, HGM-L) but a turnaround in production at its mainstay Mnogovershinoye mine in the Khabarovsk region of Russia’…