Queenstake buys Jerritt Canyon, again
The sale of the Jerritt Canyon gold mine in Elko Cty., Nev., is on again, following an agreement by owners AngloGold (AU-N) and Meridian Gold (MNG-T) to take shares as partial payment from buyer Queen…
Jerritt Canyon Opertations
Golds flat as broad market rebounds
The Toronto Stock Exchange’s S&P/TSX composite index advanced 27.56 points to end the April 2-8 report period at 6,438.71 as the U.S.-led coalition marched into Baghdad and raised hopes for a quick co…
Jerritt Canyon deal in Nevada falls through
Shares in Queenstake Resources (QRL-T) plummeted 17, or nearly 45% of their value, in early trading on April 8 after the company said it was unable to settle on a new deal to acquire the Jerritt Cany…
Meridian falls slightly in Q3 (October 28, 2002)
Reno, Nev.-based Meridian Gold (MDG-T) has chalked up another profitable quarter, pocketing US$9.2 million for the three months ended Sept. 30 as revenue soared to US$33.6 million.The US10-per-share …
El Peon keeps Meridian in black without hedging
With second-quarter net income of US$10 million on revenue of US$27.8 million, Meridian Gold (MNG-T) has proved that real money can be made in the gold business without hedging. Much of the credit bel…
Nevada miners support power usage bill
Denver — A coalition of mining companies, power companies and resort casinos has filed suit in the Nevada state Supreme Court, seeking passage of a bill that could affect how large electricity-users …
Placer squeezes more gold out of Pipeline
Denver — The start of mining at the South Pipeline deposit and an ore-sales agreement with the Jerritt Canyon operation are expected to contribute to a 17% increase in gold output at the Pipeline com…
El Peon powers Meridian (May 21, 2001)
Denver — Mid-sized gold producers have borne the brunt of low prices during the past year, mostly because so few have mines capable of producing gold for less than US$100 per oz. One notable exceptio…
AngloGold posts profits before writedowns
Denver — While gold production edged up and costs declined slightly in the fourth quarter, AngloGold (AU-N) recorded a profit of US$84.6 million before a writedown of US$92.9 million. The net loss fo…
Meridian boosts reserves at El Peon
Reno, Nev.-based Meridian Gold (MDG-N) reports a 38% increase in gold reserves at the newly opened El Peon mine in northern Chile.The reserve figure now stands at 1.2 million oz. gold following drill…
Meridian starts up El Pe-on in Chile
Reno, Nev.-based Meridian Gold (MDG-N) has begun mining its El Pe-on gold-silver deposit in northern Chile.The 2,000-tonne-per-day operation, constructed in 10 months, will combine open-pit and underg…
Geomaque makes foray into Nevada
Geomaque Explorations (GEO-T) is acquiring the Cobb Creek gold project in northeastern Nevada from Orvana Minerals (ORV-T).Situated in Elko Cty., the project comprises 140 claims and is in the same re…