Newmont outlines 5-yr plan
The Denver Gold Forum, held Sept. 22-24, provided a platform for 60 of the world’s biggest precious metals miners to strut their stuff in front of investors. This year, almost all the audio portion of…
Battle Mountain Gold Company
Castleworth boosts Pan
Vancouver — According to a new resource estimate, Castleworth Ventures’ (WTH-V) Pan deposit in Nevada contains 467,000 oz. gold.The new figure, calculated by Reno-based Mine Development Associates, m…
Bema extends zone at Monument Bay
Drilling at the Monument Bay property in northeastern Manitoba has extended a portion of the Twin Lakes gold deposit.Bema Gold (BGO-T), which is earning an interest in the property under an option fro…
Intrepid looks to Argentina
Calingasta, Argentina — The acquisition of the Casposo gold-silver project in the province of San Juan provides Intrepid Minerals (IAU-V) with a platform for growth in Argentina.The Toronto-based jun…
Wolfden cuts high grade at East Bay
Vancouver — The first four holes of an ongoing, 10,000-metre drill program on the East Bay property in northwestern Ontario have returned encouraging values.Partners Wolfden Resources (YWO-V) and Pla…
2002 marked by further consolidation
It did not feel as momentous as 2000 or 2001, when we saw the creation of several global mining giants, but 2002 was full of smaller-sized mergers, particularly in the precious metals sector.Among the…
Siberian mines power High River Gold in 2002
Toronto-based High River Gold Mines (HRG-T) saw its revenues more than triple during the first half of the year as it began consolidating operating results from the Russian gold-mining company OJSC Bu…
High River eyes more Russian gold
High River Gold Mines (HRG-T) has inked a deal to acquire the Berezitovoye project in the Amur region of southern Siberia, from a Russian company, Khaikta Ltd.Under the deal, High River will issue Kha…
Placer targets takeover of Aussie miner
Vancouver — Falling metal prices over the past few years may have initiated consolidation in the mining industry, but as the price of bullion rises to levels not seen since 1999, the wave of mergers …
Newmont drops stake in Lihir for US$84m
In a surprise move, Denver-based Newmont Mining (NEM-N) has sold its 9.7% equity holding in Papua New Guinea miner Lihir Gold (LIHRY-Q) via a block trade to Australian-based Macquarie Equity Capital M…
Monument Bay yields high grades
The first hole reported from an ongoing drill program at Monument Bay, Man., assayed nearly an ounce of gold over 2.35 metres. The project is shared between Wolfden Resources (YWO-V) and Bema Gold (BG…
FPO Hemlo seen as ripe for consolidation
The much-anticipated consolidation that’s shaking up the gold industry is capturing the attention of investors and mining executives alike. Although most of the attention is focused on activities at t…