Gold Fields grabs for South Deep voice
With shares soured after a recent accident at the South Deep mine in South Africa, Gold Fields (GFI-N, GOF-L) has boosted its stake in the mine’s half owner Western Areas (WARSF-O)….
Gold
Nautilus samples deep-sea deposits (June 05, 2006)
Vancouver — Ocean-floor explorer Nautilus Minerals (NUS-V, NUSMF-O) has returned high-grade copper-gold values from drilling and sampling of a seabed sulphide zone at its Solwara 1 project off the co…
Yamana turns hedger
Capitalizing on record copper prices, Yamana Gold (YRI-T, AUY-X, YAU-L) has locked in prices on production from its Chapada copper-gold project in Goias state, Brazil….
Phoenix Matachewan explores for VMS deposits at Steel River
Vancouver — Starting with a high-precision, deep-penetrating airborne electromagnetic and magnetic geophysical survey, Phoenix Matachewan Mines (PMM-V, PXMMF-O) has launched an exploration program ai…
Nevada-focused Columbus Gold sails on IPO
Vancouver — Closure of its $5-million initial public offering (IPO) has Columbus Gold (CGT-V) hitting the trading board and ramping up exploration programs on its Nevada gold projects….
Gammon, Mexgold to make mid-tier Mexican miner
Vancouver — The proposed takeover of Mexgold Resources (MGR-V) by Gammon Lake Resources (GAM-T, GRS-X) would create a mid-tier Mexican-focused mining company with annual production of 235,600 oz. gol…
Red Lake, Campbell see layoffs (June 05, 2006)
Goldcorp (G-T, GG-N) has started staff reductions at the Red Lake and Campbell mines in Balmertown, Ont., beginning a process aimed at finding economies as the two are combined….
Mongolian president says yes to tax
Vancouver — Mongolian President Nambaryn Enkhbayar has opted for the populist course and declined to veto the recently tabled windfall profits tax aimed at copper and gold producers in the central As…
Lake Shore studies Timmins West, Vogel
As part of its prefeasibility study on the Timmins West gold project, Lake Shore Gold (LSG-T, LSGGF-O) plans to do underground exploration on both Timmins West and the Vogel-Schumacher project….
Yellowhead to drill Harper Creek
Vancouver — Along with a proposed financing to raise up to $10 million and become a publicly traded company later this year, Yellowhead Mining is planning a spring exploration program at its newly ac…
New resource figure for Monument Bay
Rolling Rock Resources (RLL-V) has tabled a revised resource estimate for the Monument Bay project in northern Mani…
Aurizon tells shareholders to wait and see
Facing an unsolicited takeover bid from Northgate Minerals (NGX-T, NXG-X), Aurizon Mines (ARZ-T, AZK-X) has advised…