News

Juniors flock to site of recent Band-Ore find

Band-Ore Resources’ (CDN) gold discovery in Thorneloe Twp., west of Timmins, Ont., has junior companies taking notice of the potential for mineralization in pyritic quartz-sericite schist occurrences …




Golden Star moves into Eritrea

In an agreement with the East African nation of Eritrea, Golden Star Resources (TSE) and its 60%-owned subsidiary, Pan African Resources (CDN), have acquired an exploration licence covering the Galla …



Strike closes TVX’s Casa Berardi mine

Production at TVX Gold’s Casa Berardi gold mine in northwestern Quebec has been halted following a walkout by 220 employees.Members of Casa Berardi Syndicat des Metallos d’Amerique union rejected the …


Barrick aims to take top spot in gold production

The world’s top gold producer — that’s the title Barrick Gold (TSE) hopes to win in the years ahead through key acquisitions, worldwide exploration and a network of joint ventures.Chairman Peter Munk…


Noranda defends stake in New World project

Even when surrounded by its own shareholders, Noranda (TSE) can not avoid the controversy over the New World gold-copper-silver project in Montana.At the annual meeting, shareholder James Barrett, a r…


Placer corrects claim to mine safety record

As a result of a previously unidentified lost-time accident at Placer Dome’s Campbell gold mine, the mine is correcting its claim to a Canadian safety record.Placer Dome reported 1.8 million man hours…


Development work under way at Mount Polley

Partners Imperial Metals (TSE) and Sumitomo are developing, under a revised agreement, the Mount Polley gold-copper project in central British Columbia.The new agreement gives Sumitomo a 45% interest …


Charles Fipke eyes Yemen concessions

Charles Fipke, best known for discovering diamonds in Canada’s North, is now searching for gold in Nevada and investigating the mineral potential of Yemen.He is doing so in his new capacity as chairma…


Inco and Cornucopia team up

As part of a strategy to boost international exploration, Inco (TSE) has formed a “strategic alliance” with juniors Cornucopia Resources (TSE) and Carlin Resources (VSE) to develop base metal projects…


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