News

The Vancouver Stock Exchange composite index nosedived 14.82 points, or 3.3%, to close the week at 429.8 over the report period ended June 15. The mining index also took a plunge, dropping 16.9 points…

Junior Aquest Minerals (AQU-V) has begun a 5,000-metre program of reverse-circulation drilling at the Anabella gold project in western Guatemala.The company is testing the extent and grade of gold min…

During a 1-year preproduction and ramping-up period, the Tomi gold mine in Venezuela’s El Callao district processed and sold 30,000 oz. gold and generated revenue of US$8.6 million. The open-pit opera…

Base metals have long been the workhorses of the mining industry, with lower profit margins and less glamour than gold. But since the yellow metal began its downward tumble, analysts have shown renewe…

A drilling effort on the South Contwoyto Lake diamond property in the Northwest Territories came up empty for Navigator Exploration (NVR-A).The junior tested five high-priority targets with 550 metres…

At their annual meeting, shareholders of Denver-based Prospex Mining (PRM-V) approved of a merger with Montreal-based Semafo (SMF-T.UNDER THE MERGER PLAN, PROSPEX WILL BECOME A WHOLLY OWNED SUBSIDIARY…

Partners Chapleau Resources (CHI-V) and White Knight Resources (WKR-V) have resumed drilling on their Squaw Creek gold property in Nevada.The property lies on the northern end of the Carlin trend, bet…

The Cerro Mojon gold mine in Nicaragua is operating better than planned, reports Greenstone Resources (GRE-T).In the first five months of the year, the open-pit, heap-leach operation cranked out 29,96…