Eldorado continues turnaround in latest quarter
A year ago, Eldorado Gold (ELD-T) was in the red to the tune of US$115.6 million (or US$1.58 per share) for the 9-month period ended Sept. 30. A vigorous cost-cutting program has pushed the Vancouver-…
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DIAMOND PAGE — Nora ties up more ground in Namibia
Nora Exploration (NXI-M) is poised to earn a majority interest in 1,000 sq. km of marine concessions off the coast of Namibia.To earn an initial 30%, Nora must pay South African-based Woduna Mining Ho…
Royal Gold sees higher earnings
Thanks to higher gold prices and greater production from the Pipeline complex in central Nevada, Royal Gold (RGLD-Q) is enjoying higher earnings.The company returned to profitability in July, after co…
Silver Standard eyes Nevada silver mine
An agreement with a unit of Kinross Gold (K-T) sets the stage for Silver Standard Resources (SSO-V) to acquire the past-producing Candelaria silver mine in western Nevada.By issuing 50,000 shares to K…
NEWS ROUNDUP — Nevada operations cut jobs
Barrick Goldstrike Mines has eliminated 86 jobs at the Betze-Post and Meikle gold mines in Elko, Nev.The company has replaced a portion of the existing 190-ton-capacity fleet with 330-ton capacity tru…
Monarch looks for capital and projects
Following the sale of its La Camorra gold mine in Bolivar state, Venezuela, Monarch Resources (MRE-T) is casting about for business opportunities.Monarch sold La Camorra and its exploration properties…
Battle Mountain improves
Showing an improvement over the second quarter, Battle Mountain Gold (BMG-N) nonetheless incurred a net loss of US$14 million (or 6 cents per share) in the 3-month period ended Sept. 30.By comparison,…
NEWS ROUNDUP — Yamana finances mine development
Northgate Exploration (NGX-T) will provide US$4 million to Yamana Resources (YRI-T) to develop the Bacon silver project in southern Argentina.Yamana intends to build a small underground mine on the Ve…
DIAMOND PAGE — Aber gets nod from environment minister
Aber Resources’ (ABZ-T) 40%-owned Diavik diamond project in the Northwest Territories has moved one step closer to production.Federal Environment Minister David Anderson concluded that the project is …
Philex losses shrink in latest quarter
Lower production costs offset lower realized gold prices for Philex Gold (PGI-T) in the third quarter of the year, shrinking the company’s loss figures.Toronto-based Philex lost US$1.5 million (or US4…
Pogo focus of next CIM lunch
The discovery and characteristics of the Pogo gold deposit in Alaska will be discussed at the next meeting of the Toronto branch of the Canadian Institute of Mining, Metallurgy and Petroleum, to be he…
EuroZinc hits best hole ever at Aljustrel
Drilling by EuroZinc Mining (EZM-T) has confirmed the presence of high-grade mineralization at the Feitais zinc deposit in southern Portugal.The hole, drilled in the newly discovered FS60 zone, hit 25…