Midway cuts more gold in Nevada
Vancouver — Midway Gold (MDW-V) has been focusing its efforts on its namesake gold property in Nevada’s Nye Cty., where it is engaged in a joint venture with Newmont Mining (NEM-N).Midway lies betwee…
Round Mountain Mine
Junior explorers target Tonopah district
Vancouver — LEH Ventures (LEH-V) has become the latest junior exploration company to join the hunt for gold in the Tonopah region of Nevada.The company inked a deal to earn a 60% stake in the Baxter …
Midway drills North prospect in Nevada
Vancouver — Drilling is enabling Midway Gold (MDW-V) to evaluate one of several targets at its project in Nevada’s Nye Cty.Initial prospecting at the target, known as North, identified mineralization…
Midway sparks Tonopah revival (March 17, 2003)
Vancouver — Drill results from the Midway prospect have intensified interest in exploring for gold in Nevada’s Nye Cty.Midway Gold (MDW-V), previously known as Red Emerald Resource, holds the propert…
Merger trio almost in black
Two of the three mid-tier gold producers planning a friendly merger made money in the third quarter of 2002, but the biggest, Kinross Gold (K-T), is still in the red.Echo Bay Mines (ECO-T) made US$3.7…
Franco to control Echo Bay in debt deal
A proposal by Echo Bay Mines (ECO-T) to convert a large debt into common shares would hand effective control of the company to Franco-Nevada Mining (FN-T), and put a large block of shares into the han…
Echo Bay dips toe in red ink
It’s small, but a loss nonetheless for American gold producer Echo Bay Mines (ECO-T). The company lost US$400,000 in the second quarter of 2001, compared with net earnings of US$10.2 million a year ea…
Echo Bay improves performance
Denver — Higher gold output, offset by declining silver production, contributed to an improved first quarter for Echo Bay Mines (ECO-X).Gold production during the first three months of 2000 reached 1…
Weak currencies hamper Homestake
Denver — Weakening of the Australian and Canadian dollars relative to the greenback forced Homestake Mining (HM-N) to post a first-quarter loss of US$12 million (or 5 per share).The loss is attribut…
Lupin boosts Echo Bay
Denver — The Lupin mine in Nunavut contributed to a 42% increase in gold production in the fourth quarter for Echo Bay Mines (ECO-X), propelling the company to a profit for 2000.The company’s gold pr…
Homestake posts record gold output
Denver — With gold production up, Homestake Mining (HM-N) has reported its lowest cash costs in more than two decades.Fourth-quarter production hit a record 589,100 oz. gold, up 9% from the correspon…
Echo Bay to reopen Lupin mine
The Lupin gold mine in Nunavut will be reopened following a shutdown that lasted nearly two years.Echo Bay Mines (ECO-T) will sink US$12 million into the mine over the next five months, mostly on staf…