Partners rework Tonkin Springs plan (January 14, 2005)
BacTech Mining (BM-V) plans to submit a new operating plan for its 55%-owned Tonkin Springs gold project in Nevada…
McEwen Mining Inc
Speculation runs high on Battle Mountain-Cortez trend
Elko, Nev. — The search for gold along the Battle Mountain-Cortez trend in north-central Nevada has been re-energized by the Cortez Hills discovery, a 7.5-million-oz. oxide deposit that is still being drilled off by partners
Trend a friend for Cortez area players
The Cortez area is undergoing a flurry of exploration and drilling activity spurred by drilling successes at the Cortez Hills joint venture.
Canyon funds El Aquila
Vancouver — A subsidiary of Denver-based
Alcoa sinks
Alcoa kicked off earnings season by tallying fourth-quarter net income of US$291 million, or US33 per share, on US$5.5 billion in sales, compared to a loss of US$223 million on sales of US$5.1 billio…
Partners confirm El Aguila continuity
Having confirmed the continuity of a gold-siver zone, partners Gold Resource and Canyon Resources (CAU-X) are proceeding with a scoping study at their Aguila property in Mexico’s Oaxaca state.The pair…
Early drilling positive at El Aguila
Initial drilling by Canyon Resources (CAU-X) at the El Aguila property in Oaxaca state, Mexico, has encountered near-surface gold and silver mineralization.Canyon, earning a 50% interest in the proper…
Global hedge book falls
The international gold hedge book, representing the cumulative hedging activities of 85 producers and 67% of global output, fell once again in the first quarter of 2003, to 77.3 million oz. (2,404 ton…
Yandal deadline passes
Newmont Mining has had partial success sorting out the financial problems at its Yandal gold subsidiary in Australia.On March 27, Newmont brashly gave its hedging counterparties and its noteholders at…
BacTech gives Tonkin Springs a try (June 09, 2003)
Canadian-Australian junior BacTech Enviromet (YBA-V) has agreed to take a 55% interest in the past producing Tonkin Springs gold mine in Nevada’s Eureka Cty.To do so, BacTech must pay U.S. Gold (USGL-…
Base metal miners advance
Buoyed by renewed strength in base metals prices, particularly in the nickel market, most of the base metal majors made gains during the report period ended May 27.Pechiney eased up 4 to US$14.05 as …
New gold trusts launched
With gold prices on the rise, several gold-bullion investment vehicles are sprouting up in Canada, the U.S. and Australia.In Canada, the managers behind North America’s only publicly traded bullion fu…