With only $63,000 in cash at the end of the first quarter and a working capital deficit of $105 million, Royal Oak Mines (RYO-T) has finally reached agreement with the majority of its subordinated bon…
Russia will not start exporting platinum group metals (PGMs) “before the end of the summer,” a state-owned foreign trade company has told Interfax News Agency. The country is the world’s largest palla…
Junior Orvana Minerals (ORV-T) has nearly completed a diamond drilling program at its Don Mario copper-gold property in eastern Bolivia.Over 82% of the planned 6,100 metres has now been drilled, with …
High production costs and a low gold price have caught up with Philex Gold (PGI-T), which has posted a $3.1-million loss for the quarter ended March 31.The company, which recorded a profit of US$2.6 m…
Citing continued low gold prices, Lyon Lake Mines (LLL-M) is writing down the value of its gold properties in Costa Rica and Canada.For the fiscal year ended Dec. 31, 1997, the Montreal-based junior r…
— Updated and final feasibility studies expected in third quarterIn many European countries, mining is perceived in terms that might best be described as dated, and this perception is posing challeng…
Having replenished its treasury with the proceeds of a warrant offering, Banro Resource (bnrs-c) is embarking on a second phase of diamond drilling at its Twangiza gold project in the Democratic Repub…
Australian-based Hyperion Resources (HYP)) has been called for trading on the Vancouver Stock Exchange.The company’s chief assets are exploration concessions in Cuba and Fiji.At its Holguin property i…
Drilling by East West Resource (EWR-V) has led to the discovery of a zone of platinum-palladium and nickel-copper mineralization at the Reeves-Sewell project, 50 km southwest of Timmins, Ont.The Reeve…
Marking mining milestonesThis year marks a milestone for the Canadian mining industry — it is the 100th anniversary of both the Yukon gold rush and the founding of the Canadian Institute of Mining, M…
The East Indies may no longer be a trendy destination for Canadian junior companies, but their mineral potential is good enough that some persistent explorers are still working quietly on solid projec…
Kerry Smith, mining analyst for First Marathon Securities, has recommended River Gold Mines (RIV-T) as a “solid, long-term holding” for all small-cap and resource accounts.The junior has 30.8 million …
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