EDITORIAL: Oil, metals and Russia’s triumph
Despite political upheaval in the world, the broad decline in oil and mineral prices picked up steam during the week ended Aug. 9, the 32nd trading week of 2008, much to the detriment of resource comp…
Gold
Promontorio drilling delivers for Kootenay Gold
VANCOUVER — Continued good news out of the Promontorio silver-gold- lead-zinc project in Sonora, Mexico, once again buoyed Kootenay Gold’s (KTN-V, KOOYF-O) share price in a lagging market.
Banro pulls strong intercepts at Twangiza in DRC
Assay results from an additional 30 diamond-drill holes from Banro’s (BAA-T, BAA-X) Twangiza project on the Twangiza-Namoya gold belt, in the Democratic Republic of the Congo, continue to come up gold…
High River sees Q2 cash costs rise 67%
A jump in cash costs have left High River Gold Mines (HRG-T) with a negative second quarter even with a 61%-increas…
Harmony and Newcrest teaming up in PNG
Two of the biggest gold miners not listed on the TSX are combining forces in Papua New Guinea (PNG) with the hopes …
Yukon-Nevada halts underground mining at Jerritt Canyon
Vancouver – Around 240 miners are out of work at Yukon-Nevada Gold’s (YNG-T) Smith and SSX mines at its Jerritt Can…
Augen Gold on hot property
SITE VISIT JEROME, ONT. — Augen Gold (AUJ-V) CEO Michael Fowler believes that where there’s smoke, there’s probably fire. And with the Young-Shannon gold deposit close by (owned by Metallum…
Oromin tallies Sabodala resource
Oromin Explorations (OLE-V, OLEPF-O) has reported an initial inferred resource estimate totalling 1.4 million oz. gold at its Sabodala project in eastern Senagal.
Andina doubles Volcan
Andina Minerals (ADM-V, ADMNF-O) has boosted measured and indicated resources at its Volcan gold project, in Chile, to 6.62 million oz. gold. The last resource estimate was released in October 2007 an…
Certej study predicts 11-year mine life
A feasibility study for European Goldfields’ (EGU-T, EGU-L) Certej gold-silver project in Romania says an open-pit mining operation could produce an average of 156,000 oz. gold and 814,000 oz. silver …
Goldcorp dekes out Agnico-Eagle with Gold Eagle bid
The pace of takeovers in the mining sector shows no signs of slowing, with the latest move seeing heavyweight Goldcorp( G-T, GG-N) making a friendly $1.5-billion cash-and-shares bid for Gold Eagle Min…
Southern Arc goes deep in Indonesia
VANCOUVER — The deep reach of Southern Arc Minerals’ (SA-V, SOACF-O) drills has paid off with the company’s longest mineralized intercept to date at its 21-sq.-km Selodong prospect on west Lombok Isl…