News

Montreal-based SearchGold Resources (RSG-V) has recovered three large diamonds from its Mandala III North deposit, part of the Mandala River diamond project in Guinea, West Africa.

A Mexican court has nullified Metallica Resources‘ (MR-T) land lease agreement for the Cerro San Pedro heap-leach gold-silver project.

Vancouver — The purchase of private and public lands brings Eldorado Gold (ELD-T) a step closer to mine construction at the Kisladag project in western Turkey.

Partners Alberta Star Development (ASX-V) and Fronteer Development Group () continue to be encouraged by drill results from their Dixie Lake gold project in Ontario’s Red Lake camp.

Ursa Major Minerals (UMJ-V) has calculated a new resource at the Shakespeare nickel-copper deposit near Sudbury, Ont.

The April 14-20 report period was relatively quiet for gold as the yellow metal shed just US90 to finish at US$396.85 per oz. in London. The Toronto Stock Exchange’s gold index mimicked the metal’s performance, peaking at 214.05 points at mid-per…

Over the period ended April 20, America’s big coal producers dominated the greatest-value-change list, with Peabody Energy leading the way by rising US$1.35, to US$48.

An update of the feasibility study on the Aljustrel zinc project in Portugal shows increased capital costs, partly offset by higher revenues.

Higher coal prices helped push Hillsborough Resources (HLB-T) back into the black in 2003.

Gold’s decline to below US$400 per oz. during the report period April 14-20 took its toll on the junior mining sector.