News

Miners support cyanide code

Six of the world’s largest gold producers, together with three manufacturers of sodium cyanide, have pledged their commitment to the International Cyanide Management Code (Code).



Peru amends royalty legislation

New royalty legislation will get the go ahead in Peru, but the percentage will be tied directly to commodity prices versus the original proposal, which called for royalties on company revenue.






Anooraq-Pelawan combo OKed

Vancouver — The South African Exchange Bank has given conditional approval to the proposed combination of Anooraq Resources (ARQ-V) and Pelawan Investments.


Land being cleared for Bellavista's leach pads, as it appeared in January. With the pads being built on a slope, the undulating surface under the pads provides a crucial "key lock" that will prevent downslope movement of pad material.

Glencairn builds mine in Costa Rica

Miramar, Costa Rica — The long years of talk are over. More than five years after the completion of a positive feasibility study, construction of Glencairn Gold‘s (GGG-T) Bellavista mine is now under way, with the first gold ex…


Donald Nord, senior refiner at Goldcorp's Red Lake mine, holds a gold brick that contains the 5-millionth ounce of gold produced at the mine.

Bonanza grades at Red Lake mine

Goldcorp (G-T) has encountered more high-grade gold during underground exploratory drilling at its Red Lake mine in northern Ontario.


Uranium miners heat up

The Toronto Stock Exchange’s gold index jumped 5.21 points, or 2.7%, to 201.46 during the June 16-22 report period. Not surprisingly, the price of gold rose US$10.50 to an afternoon fix of US$395.75 per oz. in New York on June 22. The rest of the…


Resource tabled for Boyongan

A resource estimate has been calculated for the Boyongan copper-gold deposit on the island of Mindanao in the southern Philippines. The deposit is part of the 250-sq.-km North project, owned equally by Philex Gold (PGI-T) and a…


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