Junior golds rally as year draws to a close
Junior gold explorers continued to drive Canada’s junior exchange higher. The S&P-TSX Venture Exchange composite index gained 41.8 points. or 4.1% of its value, to close at 1,052.29.Shares in Coral Go…
PolyMet Mining Corp
Geomaque continues to struggle (December 10, 2001)
Winding up operations at the San Francisco mine in Mexico and struggling to elevate production rates at the Vueltas de Rio mine in Honduras, Geomaque Explorations (GEO-T) incurred a net loss of US$1.7…
Geomaque ups Marathon
Drilling and core sampling by Geomaque Explorations (GEO-T) has upped the resource estimate at the Marathon palladium project in Ontario’s Hemlo camp.The total measured and indicated resource now stan…
Geomaque struggles during transition
Geomaque Explorations (GEO-T) slipped into the red during the second quarter as gold production neared its end at the San Francisco mine in Mexico.The Toronto-based junior posted a net loss of US$1.2 …
Geomaque chalks up quarterly loss
Lower realized prices and production translated into a first-quarter loss for Geomaque Explorations (GEO-T).Losses in the period totalled US$1.1 million (or 2 per share) on revenue of US$2 million, c…
Drilling buoys Geomaque
The final three holes of a 15-hole drill program are keeping Geomaque (GEO-T) optimistic at its Marathon palladium project in northern Ontario.The Toronto-based junior sank 3,000 metres to delineate a…
Writedowns cut into Geomaque’s year
Non-cash writedowns forced Geomaque Explorations (GEO-T) to post a loss of US$13.6 million (or US25 per share) for 2000.The writedowns resulted from reductions in the carrying value of the Vueltas de…
PGM search intensifies in Ontario
An increasing interest from the majors and an ongoing price rally are adding momentum to the search for platinum and palladium deposits in northern Ontario. At last count, more than a dozen companies …
Geomaque drills Marathon project
Geomaque Explorations (GEO-T) is gearing up to drill the Marathon palladium deposit in northern Ontario.The 3,000-metre program will expand on drilling by previous owners. Based on that earlier work, …
Mergers dominate lacklustre year in US mining
Denver — The year 2000 began on a note of optimism for mining in the U.S. The Washington Agreement, an accord of Europe’s top bullion-holders that aims to regulate and limit sales, promised to revive…
Geomaque eyes Marathon deposit in Ontario
Geomaque Explorations (GEO-T), best known for its open-pit gold mines in Latin America, is trying its hand at a polymetallic surface deposit in northern Ontario.Polymet Mining (POM-V), which remains f…
Juniors keep busy as gold slips below US$270
Gold stepped back into the spotlight during the Nov. 1-7 report period, as the Bank of England auctioned another 804,000 oz. (25 tonnes) at an allotment price of US$264.30 per oz.While the amount offe…