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News May 15, 2006

Eldorado bleeds US$7.5M in Q1

Vancouver — Eldorado Gold (ELD-T, EGO-X) posted a first-quarter net loss of almost US$7.5 million in 2006, reflecting a transition phase for the company as it wound down one of its mines and brought…

News May 15, 2006

Dividends (May 15, 2006)

Company

Div.

Pay

Record

($)

Date

Noranda Incm Fnd

0.085

May 25

Apr 30

News May 15, 2006

First Nickel, Jaguar Nickel to merge (May 15, 2006)

Junior Canadian nickel producer First Nickel (FNI-T, FNKLF-O) and failed Guatemalan nickel explorer Jaguar Nickel (jni-t, jgnkf-o) have struck a friendly deal to merge under the First Nickel banner….

News May 15, 2006

Lessons for sustainable mining loom in Peru

COMMENTARY…

News May 15, 2006

Antofagasta gets Tethyan (May 15, 2006)

Shareholders of Tethyan Copper (TYCFF-O, TYC-A) have tendered about 96% of their shares to a takeover offer from Antofagasta (ANFGY-O, ANTO-L) that closed Friday….

STEPHEN STAKIWThe flotation circuit at Imperial Metals' Mount Polley operation near Williams Lake, B.C.

News May 15, 2006

On-site exploration yields high-grade zones for Imperial

Vancouver — A spring drilling campaign by Imperial Metals (III-T, IPMLF-O) has returned encouraging results from several zones near existing pits at the wholly owned Mount Polley copper-gold mine sit…

News May 15, 2006

Maxy Gold selling Niukong to Chinese group (May 15, 2006)

Vancouver — China-focused junior explorer Maxy Gold (MXD-V) is offloading its Niukong gold project, part of the Luchun joint venture in southern Yunnan province, to a private Hong Kong-based mining g…

News May 15, 2006

People (May 15, 2006)

Novastar Res. — Thomas Graham, Jr. appointed chairman and as interim corporate secretary….

GOLD CANYONThe camp at Gold Canyon's Springpole gold project near Red Lake, Ont., during breakup.

News May 15, 2006

Gold Canyon tests high-grade targets at Springpole (May 15, 2006)

A winter drill program by Gold Canyon Resources (GCU-V, GDCRF-O) has returned bonanza grades from the Core area of the Springpole gold project in the Red Lake mining district of Ontario, while also re…

Norman B. Keevil, chairman of Teck Cominco.

News May 15, 2006

$7.5M gift from Teck to create mining institute at UBC

British Columbia’s last mining engineering program has received a $7.5-million donation from Teck Cominco (TEK.SV.B-T, TCKBF-O), one of Canada’s largest mining companies, and some of the company’s par…

News May 15, 2006

Cross Lake lines up financing to restart QR

Vancouver — Cross Lake Minerals (CRN-T, CLKMF-O) plans a significant financing, coupled with a share consolidation, to bring its QR gold mine, 70 km southeast of Quesnel, B.C., back into production….