ESO Uranium hits Ontario gold
ESO Uranium (ESO-V) hit its most significant gold intersect on the last hole of a drill phase at its Mikwam claims …
Gold
Queenstake ekes out a profit in Q2
Vancouver – For the first time since acquiring the Jerritt Canyon mining complex in mid-2003, Queenstake Resources …
NovaGold rebuffs Barrick and extends bid for Pioneer
Vancouver – NovaGold Resources (NG-T, NG-X) has filed a lawsuit alleging that Barrick Gold (ABX-T, ABX-N) “misused…
Western Areas secures recovery fund (August 14, 2006)
Western Areas (WARSF-O, WAR-J) says full-scale production at the South Deep gold mine, 45 km southwest of Johannesburg, should resume earlier than expected after the South African-based gold miner lin…
Farallon raising $30M for Campo Morado
Vancouver — Farallon Resources (FAN-T, FRLLF-O) has lined up a $30-million financing to advance its Campo Morado polymetallic project in Guerrero state, Mexico….
New World drills wide intercept at Lipea (August 14, 2006)
Vancouver — Initial drilling by New World Resource (NW-V, NWFFF-O) on its Lipea project in southwestern Bolivia has returned a wide intercept of copper, gold and silver mineralization….
Exmin, Hochschilds not finicky about Moris
Vancouver-based junior Exmin Resources (EXM-V, EXMFF-O) has teamed up with Peru’s Hochschild Mining Group to buy the closed Santa Maria de Moris heap-leach gold-silver mine located in the Moris distri…
North American Palladium boosts output at Lac des les
Vancouver — With underground operations now fully on-stream, North American Palladium’s (PDL-T, PAL-X) Lac des les mine, just north of Thunder Bay, Ont., showed improved performance over its second-…
The Uzbek taxman cometh (August 14, 2006)
The government of Uzbekistan has seized some gold and banned further shipments of the yellow metal from Newmont Mining’s (NMC-T, NEM-N) 50%-owned Zarafshan heap-leach operation in the Kyzylkum desert,…
Eureka! Positive study on Miheevskoye
London-listed developer Eureka Mining (ERKMF-O, EKA-L) will go to a final feasibility study on its Miheevskoye copper-gold deposit in Russia following a prefeasibility study that concluded a 25-millio…
Newmont sees strong earnings in Q2
Vancouver — Shares of Newmont Mining (NMC-T, NEM-N) slipped almost 5% the same day it announced earnings of US$161 million (36 per share) in its latest second quarter, up 83% from last year’s corres…
More mineralization at Belahouro (August 14, 2006)
In a drilling program designed to expand the known resource on the Belahouro property in northern Burkina Faso, Goldbelt Resources (GLD-V, GLDRF-O) has intersected extensions of mineralization on both…