Pegasus to increase gold yield at Mt. Todd
Construction will begin immediately on a new phase of work at the Mt. Todd mine of Pegasus Gold (AMEX). As a result, gold production at the Australian operation is expected to rise to 260,000 oz. per …
News
Armada ready to complete feasibility study at Baley
The preliminary feasibility study on the Baley gold deposit in the Chita region of eastern Russia has provided more encouragement to Armada Gold (ASE).The company believes the study is conservative, a…
Results in from Meliadine East
Drilling at the Meliadine project north of Rankin Inlet, N.W.T. has been completed, and joint-venture partners Cumberland Resources (VSE) and Comaplex Minerals (TSE) are ready to recalculate the resou…
Manville sells interest in Stillwater for US$110 million
A small group of private institutional investors has bought 5.4 million unregistered shares of Stillwater Mining (NASDAQ) from its parent company, Manville (NYSE).The privately negotiated placement, w…
Stellar options lateritic nickel
An agreement with Longpoint Mining of Manila gives Stellar Gold (VSE) rights to a 100% interest in a lateritic nickel-cobalt deposit in the Philippines.The 10,000-hectare property contains an estimate…
St. Genevieve will option Russian gold property
Toronto-listed St. Genevieve Resources (TSE) can earn an indirect interest in Koryakiya Mining Co., the owner of a gold deposit on the Kamchatka Peninsula of Russia.The Ametistovoye deposit, a vein sy…
MIM drops Barda Gonzalez project
Bad news for Yamana Resources (TSE).Australian-based MIM Holdings has informed the junior that the Barda Gonzalez red-bed copper property in Neuquen, Argentina, does not meet its cut-off criterion of …
COMMENTARY — The benefits of hedging
Mining companies of all sizes are finding that some of the risks of mining can be reduced through the smart use of hedging. Even companies that historically refused to hedge are now seriously consider…
Gold Funds (September 11, 1995)
Gold Funds as of August 31BGRCentralNet Value$17.88$6.54Price$13.75$6.25Discount23.09%4.4%Value$139,788,000$113,120,625…
Patrician options properties to JCI
South African-based JCI, the world’s seventh largest gold producer has signed a letter of intent with Patrician Gold Mines (ASE) concerning the junior’s four Ghanaian gold licences.JCI can earn a 60% …
Labrador News Roundup — Viscount, Magna begin drilling
Vancouver-listed partners Consolidated Viscount Resources and Consolidated Magna Ventures have received Newfoundland government approval for their drill permit application on the Tasisuak Lake propert…
Drilling proves Boleo’s potential
Closely spaced infill drilling on the Boleo copper-cobalt property in Baja California Sur, Mexico, is confirming previous grades and thickness for International Curator Resources (TSE).The work is bei…