Vista Gold goes through reorganization
Vista Gold (VGZ-T) is closer to a reorganization following shareholder approval of a share consolidation and refinancing.The shareholder approvals cover three separate transactions. In the first, a pr…
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Rio Narcea ups production forecast
Rio Narcea Gold Mines (RNG-T) pumped out 29,336 oz. gold at its El Valle mine in May — more than twice the previous monthly production record for the Spanish operation.The company says the pace shoul…
Silver adds shine to gold’s lustre
Vancouver — Canada’s junior exchange rallied over the report period ended June 4, as investors added silver-related stocks to their recent purchases of junior gold issues. The Standard & Poor’s-TSX V…
GLR dusts off cobwebs
With the price of gold on the rise, GLR Resources (GRS-T) has decided to forge ahead with the development of the Box and Athona deposits, which form part of its Goldfields project on the north shore o…
Phelps Dodge drives down costs
The world’s second-largest copper producer, Phoenix, Ariz.-based Phelps Dodge (PD-N), is starting to show success in its efforts to reduce operating costs at its mines around the world.Dubbed “Quest f…
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Aurizon drills deep into Casa Berardi
Narrow-vein miner Aurizon Mines (ARZ-T) has begun a deep drilling program in hopes of outlining more mineralized material at the past-producing Casa Berardi gold mine in northwestern Quebec.After purc…
People for the West
People who make their living by mining in the United States have perhaps found the past year or so a little more congenial than in the preceding decade. From the repeal of some of the measures in the …
Stratoni dodges bullet, another on the way
The Conseil d’tat, Greece’s supreme administrative court, has rejected a local action group’s request for an immediate suspension of TVX Gold’s (TVX-T) Stratoni silver-lead-zinc operation.However, at…
Doyon wins rescue contest
A crew from Cambior’s Doyon gold mine, near Rouyn-Noranda, Que., has won the annual Quebec mine rescue competition.The competition, held at Malartic, brought together four teams that had won prelimina…
Better fundamentals prop up base metals prices
So far in the second quarter, base metals have turned in a disappointing performance. But although the prospects for a concerted recovery in prices over the second half of the year are tentative at be…
Silver in recovery mode
Silver fabrication demand should recover strongly in 2002 as the world’s economies pick up steam, according to World Silver Survey 2002, published by the Washington-D.C.-based Silver Institute.The cur…