Oneida Resources (VSE) has received encouraging results from initial exploration on its Mexican Hat property in Cochise Cty., Ariz. Of 74 surface samples taken, 36% assayed in excess of 0.01 oz gold p…
Toronto-based Santa Maria Resources (TSE) has acquired an additional 174 claims in the Muskeg Lake area of northern Ontario. The property is located west of the town of Pickle Lake, and is underlain b…
Dumagami Mines (TSE) was expected to announce a merger with Agnico-Eagle Mines (TSE) at Dumagami’s annual meeting, but the issue didn’t even come up until after the meeting when company representative…
An evaluation by Newmont Gold Company (NYSE) of drill results from 16 properties in the Carlin belt has increased its proven and probable reserves by 9% to 16.3 million oz of contained gold. These res…
Vancouver-based Neptune Resources (TSE) has secured the $90-million project loan it needs to complete plant and mill construction at the Colomac gold project in the Northwest Territories. A consortium…
After an 8-year shutdown, the Copper Cliffs mine and mill complex in western Idaho is being reactivated by Silver King Mines (NASDAQ) and Pacific Silver Corp. (NASDAQ). The Utah-based companies operat…
More legal trouble may be brewing over the takeover battle for associated companies Dickenson Mines (TSE) and Kam-Kotia Mines (TSE). Corona Corp. (TSE), which is bidding against gold fund Goldcorp Inv…
Calling for an end to confrontation between conservationists and resource developers, Fisheries and Oceans Minister Tom Siddon has challenged the mining industry to help achieve a new goal of “sustain…
Inco Ltd. (TSE) subsidiary Inco Gold and partner Golden Knight Resources (TSE) celebrated Saint Patrick’s Day by announcing a production decision at the Casa Berardi West zone project in northeastern …
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Mar140.90 137.10 139.80 — 4.80 May136.20 131.50 134.80 …
Editor’s Note: Our policy is to publish each week the most significant developments in the mining industry. Regarding your concerns about our coverage of the Neptune story in particular, we feel that …
Reporting ore reserves is a slippery business at best. Ore, of course, is material that can be mined at a profit. What constitutes ore, however, changes with the price of commodities, mining plans and…
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