Eagle River Mine
New zone at Eagle River
Recent drilling by River Gold Mines (RIV-T) has identified a new zone of gold mineralization near the existing mine workings at the Eagle River mine, near Wawa, Ont.Drilling has delineated the western…
River strikes deal for Edwards
Strike Minerals (YKS-T) has agreed to acquire the mothballed Edwards mine in Algoma, Ont.Strike paid $20,000 on signing the deal and must issue 500,000 shares to River Gold Mines (RIV-T) plus 500,000 …
Anaconda Nickel sees bigger loss (September 24, 2001)
Vancouver — Australian-based Anaconda Nickel continues to suffer financial woes, having posted a A$76-million loss for the second half of 2000.The loss is considerably greater than the A$6.7 million …
Eagle River lifts River Gold off ground
With higher-grade development ore coming from the no. 6 zone at the Eagle River mine, 50 km west of Wawa, Ont., River Gold Mines (RIV-T) managed to climb back into the black during the second quarter….
UK gold auction gives producers a lift
Hammered by poor showings in the industrial products sector, the Toronto Stock Exchange 300 index tumbled 189.63 points over the five trading days to end the July 4-10 period at 7,558.69.Gold dropped …
River slips deeper in red
Low gold prices and grades combined with higher fuel prices to land River Gold Mines (RIV-T) $1.9 million in the red during the first quarter.The 6-per-share loss compares with a loss of $500,000, or…
River Gold finds new vein
Drifting by River Gold Mines (RIV-T) on the 290-metre level of its Eagle River gold mine, near Wawa, Ont., has confirmed a high-grade discovery first indicated by exploration drilling in 1999.The newl…
River Gold turns quarterly profit
Although earnings are down, River Gold Mines (RIV-T) remains in the black.For the three months ended Sept. 30, the junior earned $306,000 on revenue of $9.3 million, compared with $2 million on $9.9 m…
Can the smaller gold producers survive?
The following is the first of a 2-part overview of how junior and mid-tier gold mining companies are coping in today’s low-price environment.Not since the gold bubble of the early 1980s has the London…
PRECIOUS METALS — Cost reporting a hot potato for gold producers
Special to The Northern MinerProduction cost has always been an important measure of the relative health of a gold producer. Now, as bullion prices flirt with 20-year lows, it has become a glaring ind…
River Gold stays afloat
By mining higher-grade ore, River Gold Mines (RIV-T) remained profitable in the first three months of 1999.Earnings topped $287,000 (or 1 cents per share) on revenue of $9.2 million, compared with $73…