Wheaton River private placement
Wheaton River Minerals (TSE) has issued a $5.5-million private placement of 1.5 million special warrants at $3.65 each. Each warrant entitles the holder to acquire one unit consisting of one share and…
News
Loki Gold drilling uncovers new zone
A hole drilled by Loki Gold (VSE) has returned 0.103 oz. gold per ton over 72.2 ft. and identified a near-surface zone of mineralization on the Brewery Creek project near Dawson, Y.T. The hole, drille…
Gold expert predicts fundamentally strong, volatile market
Until late last year, gold was even less popular as a speculative trading commodity than pork bellies, live hogs or even lumber. “The price was going nowhere,” says author and gold market expert Timot…
NEWS ROUNDUP — Aurizon increases gold production
Aurizon Mines (TSE) has increased output from its Sleeping Giant gold mine in northwestern Quebec. Initial mill throughput was increased to 742 from 317 tons per day. The source of the increase was or…
NEWS ROUNDUP — Caribgold plans warrant issue
Junior Caribgold Resources (CDN) will issue two million special warrants through a syndicate of underwriters including Gordon Capital, Yorkton Securities and Nesbitt Thompson. The price will be $4 per…
NEWS ROUNDUP — Metall drilling Ben Nevis play
Toronto-listed Metall Mining has started drilling on Mountain Lake Resources’ (VSE) base metal property near Kirkland Lake, Ont. Metall will drill at least four holes to test several bedrock electroma…
NEWS ROUNDUP — Brunswick to reduce staff
To eliminate 112 jobs by year end, the mining division of Brunswick Mining and Smelting (TSE) has introduced a “voluntary employee reduction program.” The 3-part program, which will last for six weeks…
Industry’s image focus of meeting
The president of the Mining Association of British Columbia, Gary Livingstone, will speak at a Nov. 29 meeting hosted by the Vancouver branch of the Canadian Institute of Mining, Metallurgy and Petrol…
OPINION — Finding solutions together
Canada was founded on the strength of its resource industries, and these sectors remain the cornerstone of the national economy. Canada’s minerals, metals and energy industries, for example, account f…
NEWS ROUNDUP — Newmont mine in production
Initial production figures for the Minera Yanacocha mine in northwestern Peru have been announced. The mine is 38%-owned and managed by Newmont Mining (NYSE) and will produce about 220,000 oz. gold pe…
EDITORIAL PAGE — It ain’t over till it’s over
Well, well, well. Like Lazarus, Windy Craggy may yet rise from the dead. It seems British Columbia Premier Mike Harcourt and his gang committed a political faux pas in seeking a World Heritage Site de…
Yukon, Alaska in joint effort
Alaska and the Yukon have entered a joint Mineral Development Program. The two jurisdictions will share information pertaining to geology, technology and regulations in an attempt to protect the north…