Midas Mine

Newmont unfazed by first-quarter loss

Despite a lacklustre start, Newmont Mining (NEM-T) expects it will soon be reaping the rewards of its recent acquisitions of Normandy Mining (NDY-T) and Franco-Nevada Mining.Newmont lost US$10.9 milli…

Franco to control Echo Bay in debt deal

A proposal by Echo Bay Mines (ECO-T) to convert a large debt into common shares would hand effective control of the company to Franco-Nevada Mining (FN-T), and put a large block of shares into the han…

Converse resource doubles

A new resource calculation for the Converse gold deposit in Humboldt Cty., Nev., indicates there may be a substantially larger resource than had previously been estimated.Consulting firm Mine Developm…

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