Placer Dome (PDG-T) has reached an agreement with Johannesburg-based Western Areas to acquire a 50% operating interest in a property in the Witwatersrand district of South Africa.The property contains…
Although Black Hawk Mining (BHK-T) reported a loss of US$300,000 on sales of US$8.7 million for the third quarter, the company posted a profit of US$700,000 for the nine months ended Sept. 30.The quar…
Lower production translated into a third-quarter loss for William Resources (WIM-T).For the three months ended Sept. 30, the company lost $4.2 million (or 7 cents per share) on revenue of $17.9 millio…
Interim report deemed on right track, despite some confusion about role of QP Early next year, the Mining Standards Task Force, established by the Toronto Stock Exchange (TSE) and the Ontario Securiti…
The final two targets of this year’s drilling program on the Legend property in northeastern Alberta have proved to be kimberlites, raising to seven the number of bodies found there.Kennecott Canada E…
The Supreme Court of British Columbia has dismissed a legal challenge by Atna Resources (ATN-T) against the proposed sale of Boliden’s (BOL-T) 60% interest in the Wolverine project to Expatriate Resou…
With the results of an independent engineering study in hand, Minroc Mines (MN-T) is arranging financing to bring its chrysotile asbestos fibre project into commercial production by the second quarter…
A letter-of-intent agreement paves the way for Noveder (NED-M) to earn a full interest in the Micmac gold property in northern Newfoundland.The Quebec-based junior will pay private vendors $25,000 in …
An independent study on the Vueltas del Rio gold deposit in northwestern Honduras has determined the project’s feasibility at a gold price of US$300 per oz.Reno, Nev.-based Kappes Cassiday & Associate…
One serious problem in the use of geostatistics to estimate reserves and not mentioned in the correspondence you have published on this topic arises when there is a mistake in the computer program.In …
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The Canadian Institute of Mining, Metallurgy & Petroleum (CIM) is considering modifications to its classification system for defining the various categories of reserves and resources.The modifications…
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