News

Vancouver — Thanks to sliding-scale royalties tied to the price of bullion, Royal Gold (RGL-T) nearly doubled earnings in the first quarter of its fiscal year 2005, compared with the first quarter of 2004.

Facing a new government royalty on mine production that could have discouraged further work by operator Minera Yanacocha, Solitario Resources (SLR-T) has agreed to limits on a royalty it holds on a 600-sq.-km package north of th…

Vancouver — Drilling by Firesteel Resources (FTR-V) on the Copper Creek project in northwestern British Columbia continues to deliver wide intercepts of porphyry copper-gold mineralization.

Idaho-based Coeur d’Alene Mines (CDE-N) has arranged to issue 25 million shares in a public offering to raise US$106.9 million.

A preliminary resource calculation for Acadian Gold (ADA-V) on the Beaver Dam deposit in central Nova Scotia indicates a measured and indicated resource of 1.3 million tonnes grading 2.3 grams gold per tonne, and an inferred res…

Drilling and a revision of the economic cutoff grade have combined to increase the reserve and resource figures at the Las Cristinas gold project in Bolivar state, Venezuela.

Wheaton River Minerals‘ (WRM-T) 75%-owned silver spinoff, Chap Mercantile (SLW-T), has inked a deal to buy all the silver produced from the Zinkgruvan mine in central Sweden.

Standard Bank London and the Standard Bank of South Africa have sold their interests in certain senior finance documents, including a senior credit agreement with Thistle Mining (THT-T), to Bermuda-based Meridian Capital.

Vancouver — Glamis Gold (GLG-T) says the recent start of mining and processing at its newly built El Sauzal mine in Mexico will lead to higher overall gold production at lower costs.

A change in the development plan at the Lumwana copper project in Zambia promises to reduce capital costs for operator Equinox Minerals (EQN-T).