Romarco picks up ground in Nevada
Romarco Minerals (ROM-T) has become the largest landholder in Nevada’s Goldfield district, near the California border, after closing a deal with privately held Nevada Gold & Casino.Romarco now control…
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MINING MARKETS & INVESTMENT NEWS — QUERY — El-Bonanza back in the saddle again
A friend of mine bought shares in El-Bonanza Mining back in 1978. He recently came across the long-forgotten share certificate, and as he was not really into the stock market, but knew that I own and …
Golden Star vends Eagle Mtn
Golden Star Resources (GSR-X) has decided to sell its Eagle Mountain gold property to the operators of the Omai gold project, also in Guyana.Ownership of the Omai project is divided between Cambior (C…
NEW HORIZONS — Gold on the tracks
Increasingly, gold contacts are being used in locomotives as the use of electronic control increases.When an engineer moves the throttle on one of the new-generation AC (alternating current) diesel-el…
Mining fog gets attention
Delegates from 50 countries recently met in Vancouver, B.C., to discuss a new kind of mining that might revive areas with chronic water shortage problems.The notion of tapping into life-giving fog to …
OBITUARY — Reini Ehrlich
Reini Ehrlich, vice-president and chief metallurgical engineer at Watts Griffis and McOuat, died Aug. 1 in Toronto, after a brief illness. He was 75.Ehrlich had a long and distinguished career in the …
Nevada teachers learn about mining
More than 100 Nevada teachers gathered in the eastern city of Ely for the 15th annual minerals education workshop. The event was sponsored by the state’s operating mines, supplier companies, and the N…
Newmont to study Angren gold project
Newmont Uzbekistan, a subsidiary of Newmont Mining, plans to carry out a feasibility study on the Angren gold project in Uzbekistan’s Tashkent region, according to Interfax News Agency.The project wil…
Aur’s earnings deflate
Caught in the web of depressed metal prices, Aur Resources (AUR-T) saw its second-quarter earnings squeezed by an astonishing 93%.The Toronto-based company earned $488,000 on revenue of $25 million fo…
MINING MARKETS & INVESTMENT NEWS — NovaGold funds program
NovaGold (NRI-T) has concluded a private placement with an investor for 200,000 shares priced at $1.40 per each, plus 200,000 share purchase warrants.The Nova Scotia-based junior plans to use the proc…
MINING MARKETS & INVESTMENT NEWS — AngloGold lists on NYSE
The world’s largest gold company has made mining history by becoming the first South African company to list on the New York Stock Exchange.The listing of AngloGold (AU-N) is in the form of American D…
MINING MARKETS & INVESTMENT NEWS — Western Copper arranges financing
Junior Western Copper Holdings (WTC-T) intends to raise $440,000 through a private placement of 100,000 special warrants priced at $4.40 each.A special warrant will be exchangeable into one share and …