Montana judge dismisses Canyon suit
A judge in Helena, Mont., has thrown out a lawsuit by Canyon Resources (CAU-X) that claimed a 1998 state ban on cyanide use in gold mines illegally blocked plans for an open-pit mine near Lincoln, 300…
Canyon Resources Corporation
Alamo Dorado gets positive feasibility study (July 15, 2002)
Corner Bay Silver (BAY-T) has unveiled the results of a feasibility study on its Alamo Dorado project in Mexico’s Sonora state.The study, performed by AMEC E&C Services, tested the economics of an ope…
Canyon wins enviro kudos
Denver-based Canyon Resources has been recognized for its environmental work at the Briggs gold mine in southeastern California.In a letter addressed to the company, the state director of the bureau o…
Glenhaven options ground in Birch Uchi belt
Vancouver — Glenhaven Ventures (GHM-V) has inked a deal to acquire the Springpole gold property in the Birch Uchi greenstone belt, near Red Lake, Ont.The junior will pay the vendor $98,000 over four …
Battle brewing over Montana rules
Vancouver — Banking that a 1998 anti-mining initiative will eventually be stricken from the books, Canyon Resources (CAU-X) has proposed a new mine design for the long-stalled McDonald gold project n…
Franco-Nevada richer
Standing apart from most of its struggling peers, Franco-Nevada Mining (FN-T) has reported record 6-month earnings from continuing operations.For the six months ended Sept. 30, Franco earned $55.1 mil…
CDNX holds ground as rockets roar
Vancouver — The highly anticipated first strike by U.S.-led forces against Afghanistan failed to rattle Canada’s junior exchange during the 4-day report period ended Oct. 9. The Canadian Venture Exch…
Canyon raises stakes at Briggs
Vancouver — Colorado-based Canyon Resources (CAU-X) has inked a deal with Franco-Nevada Mining (FN-T) to pick up a 2% net smelter royalty (NSR) on the first 175,000 oz. of gold produced from its Brig…
US markets continue to slide
Denver — The Dow Jones industrial average sank another 243.43 points, or 2.7%, to 8,659.64 during the report period ended Sept. 25 — its lowest level in four years. The Nasdaq settled at 1501.64.The…
CDNX slides in wake of terrorist attacks
Vancouver — Canada’s junior exchange continued its downward slump over the week ended Sept. 18. The Canadian Venture Exchange composite index plunged 101.34 points, or 3.45%, to finish the week at 2,…
Mining index fails to jump-start CDNX
Vancouver — Despite a 3-digit gain in the mining sector, Canada’s junior exchange finished the holiday-shortened week ended Sept. 4 on a low note. The Canadian Venture Exchange composite index lost 1…
Decline in oil and gas pulls down CDNX
Vancouver — Canada’s junior exchange lost ground over the week ended Aug. 28. Oil-and-gas-related issues led the way with a 3.7% plunge in the sector. The Canadian Venture Exchange composite index fe…