News


Teck joins Freewest at Lizar

Freewest Resources (FWR-T) has granted Teck Cominco (TEK-T) an option to earn up to a 65% stake in the Lizar gold project in the Kabinakagami greenstone belt, 330 km northeast of Thunder Bay, Ont.Teck…


Brian Davidson

Brian Davidson, former chief executive officer of Armistice Resources, died earlier this year. He was 58.Davidson became interested in mining when he was a stockbroker with Bache Securities in Toronto…


Russian gold raises High River (August 19, 2002)

Near-record production from the 50%-owned New Britannia mine in Manitoba, combined with an increased stake in Russian gold miner Buryatzoloto, propelled High River Gold Mines (HRG-T) to a second-quart…



Partners unfazed by Stares

Although the latest drill results from the Stares property, near Thunder Bay, Ont., proved disappointing, partners RJK Explorations (RJX.A-V) and GLR Resource (GRS-T) intend to drill it again.Nine hol…


Restructured Newmont proves profitable

Shareholders of Newmont Mining (NEM-N) got their first hard look at their “new” company, as the Denver-based gold giant released its first quarterlies, showing the full effects of its February merger …


DRC expands former-producing Afton mine

Vancouver — With $5 million in its coffers, DRC Resources (DRC-V) is busy expanding the resource at the Afton copper-gold project, near Kamloops, B.C.This year’s $1.1-million drilling campaign, which…


Aurizon posts loss on improved output

Despite higher gold production and realized prices for the yellow metal, Aurizon Mines (ARZ-T) incurred a loss of $1 million (or 2 per share) during the recent second quarter.By comparison, the compa…



CAMESE holds AGM

Patrick Evans, president of SouthernEra Resources, will speak at the annual meeting of the Canadian Association of Mining Equipment and Services for Export (CAMESE), scheduled for Aug. 21 at the Royal…


Pacific Rim options Cerro Gaspar (August 19, 2002)

Vancouver — Pacific Rim Mining (PMU-V) has inked a deal to earn a 60% interest in the Cerro Gaspar project in northeastern El Salvador from Brett Resources (brn-v).The company can do so by spending U…


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