News


Museum, Hall of Fame find home in Elliot Lake

In a ceremony that attracted 150 representatives of industry and government, the Canadian Mining Hall of Fame was re-established in this historic uranium producing town.The ceremony was marked by emot…


Midas resource rises to 2.5 million oz. gold

With eight drills working at the Rex-Grande zone on the Midas property in northern Nevada, partners Franco-Nevada Mining (FN-T) and Euro-Nevada Mining (EN-T) have estimated a total resource of 2.5 mil…


DIAMOND PAGE — Namibian Minerals raises $17m

By issuing 2 million special warrants, Namibian Minerals (TSE) has raised $17 million for exploration and development of its diamond concessions off the coast of Namibia.Each special warrant, sold for…



Phelps Dodge eyes Suaqui Verde

An agreement between Azco Mining (AZC-T) and Phelps Dodge (PD-N) will allow for exploration of the Suaqui Verde copper deposit in Mexico’s Sonora state.Phelps Dodge can earn a 70% interest in a joint-…


Goldcorp adds to reserves at Red Lake mine

Ongoing drilling at Goldcorp’s (G-T) mine in Red Lake, Ont., has outlined an additional resource of 300,000 oz. in the lower levels.Drilling has been concentrated on extending the known mineralized zo…


Merger of Rea, American to yield 200,000 oz. gold

Shareholders have approved the merger of American Resource (AREE-Q) and Rea Gold (REO-T), paving the way for the creation of a new, mid-tier gold producer.James Hogan, now chairman (formerly president…




Eldorado shareholders OK Gencor transaction

Shareholders of Eldorado Gold (ELD-T) and exploration affiliate HRC Development (HDC-V) have approved an equity-for-asset swap with Gencor, a South African-based international mining conglomerate.Eldo…


Scotland to open first gold mine

Scotland will soon join the ranks of gold producers, as Caledonia Mining (CAL-T) prepares to cut the ribbon on its US$11-million Cononish underground gold mine.Situated near the town of Tyndrum in the…


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