News

Mining stocks rise despite slipping gold price

The week of Jan. 26-Feb. 1 saw the price of gold fall $3.60, to US$420.90 per oz., where it closed in the afternoon in London. The gold index was down as well, falling 1.8 points to close at 196.43. T…



Palladon targets Utah project

Vancouver — Geophysical programs have provided Palladon Ventures (PLL-V) with new exploration targets at the Western Utah copper project, near Milford….


Juniors ride out gold’s continued malaise

Exploration companies listed on the TSX Venture Exchange endured choppy gold prices during the Jan. 26-Feb. 1 report period, finishing little-changed from a week earlier. The S&P-TSX Venture Compo…


A drill tests Pacific Rim Mining's South Minita gold discovery, part of the company's flagship El Dorado project in El Salvador.

Study calls for mining at Minita

Vancouver — A prefeasibility study by Pacific Rim Mining (PMU-T) envisages low operating costs and a 16.9% pretax internal rate of return for the El Dorado project in El Salvador….


Canyon adds another Nevada property

Vancouver — Shortly after announcing plans to acquire the dormant Hycroft mine in Nevada, Canyon Resources (CAU-A) has picked up another project in the state — the Reward gold pro…


Phelps Dodge profits up, share price down

U.S. stock markets rose and fell over the period Jan. 26-Feb. 1. The S&P 500 index ended the period at 1,189.41 points, having risen 21 points, and the Dow Jones Industrial Average fell 90.4 point…


More high grades at Quimsacocha

Iamgold (IMG-T) continues to cut high-grade gold at its Quimsacocha property, 40 km southwest of Cuenca in southern Ecuador….




Photo by Stephen StakiwMichael Gray (left), president of the British Columbia & Yukon Chamber of Mines, with the province's mines minister, Richard Neufeld, at the opening ceremony of the 2005 Mineral Exploration Roundup in Vancouver.

Record year for Cordilleran Roundup

Vancouver — The Mineral Exploration Roundup conference, held recently in Vancouver, attracted a record 5,200 delegates, compared with 3,900 registered delegates in early 2004….


BHP to drill in Manitoba

Vancouver — A unit of BHP Billiton (BHP-N) will drill-test the Stephens Lake nickel property, 100 km east of Gillam, Man. The property is held jointly by Cream Minerals


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