Few bright spots in down market
Denver — The Dow Jones industrial average climbed 136.70 points, or 1.2%, to 11,175.84 during the report period ended June 5, while spot gold slumped to US$265.70 on the Comex division of the New Yor…
2001
Goldstrike exceeds 2m oz. for sixth straight year
Goldstrike in Nevada’s Carlin trend is much more than Barrick Gold’s (ABX-T) flagship gold operation; it’s a world-renowned mining camp that has produced more than 18.6 million oz. since operations be…
Drilling expands Hope Bay deposit
Vancouver — Drilling by partners Miramar Mining (MAE-T) and Hope Bay Gold (HGC-T) at the Hope Bay project in Nunavut has expanded the Boston South, Naartok, P112 and Suluk zones.At the newly discover…
Sudbury Contact drills Tonkin Springs
Denver — Drilling at the Tonkin Springs gold project in central Nevada is about to resume, in preparation for a new resource estimate.Toronto-based Sudbury Contact Mines (SUD-T), a 57%-held subsidiar…
Messina moves to production
Rand Merchant Bank has agreed to participate in a R345-million loan agreement being sought by a subsidiary of SouthernEra Resources (SUF-T) to construct the Messina platinum group elements mine in Sou…
Idaho revs up Stillwater program
A 4,000-metre drill program is testing the first of two targets outlined by Idaho Consolidated Metals (IDO-V) at the Stillwater complex in Montana.The junior, which owns 110 sq. km of ground adjacent …
Noranda, Falco sue Boliden
Noranda (NOR-T) and affiliate Falconbridge (FL-T) have filed a lawsuit in the Ontario Superior Court of Justice against Swedish-Canadian miner Boliden (BOL-T) and affiliated companies over Boli…
Ken Snyder sale closes
Shareholders of Normandy Mining (NDY-T) have approved the agreement with Franco-Nevada Mining (FN-T) under which Normandy will take over the Ken Snyder mine at the northern end of Nevada’s Carlin gold…
Imperial finds high-grade gold at Sterling
Vancouver — Junior explorer Imperial Metals (IPM-T) has intersected deep-seated, high-grade gold mineralization at its Sterling property, near Beatty, Nev., 185 km northwest of Las Vegas.Recent effor…
Safety improves despite Beatrix
The recent accident at the Beatrix gold mine has once again focused attention on the South African mining industry’s safety performance.This tragic event, which claimed 12 lives, shocked and saddened …
Junior explores for Pipeline’s roots
Denver — Toronto geologist John Gardiner believes he holds the key to a major reinterpretation of the geology of Crescent Valley in central Nevada — a revision that could not only resolve long-stand…
Mining: more than creating jobs
The Canadian mining industry is one of the few industrial sectors where Canadian knowledge, technology, expertise and corporate leadership dominate internationally. But it’s a position we must work ha…