Agnico says share price thwarted plans
An Agnico-Eagle Mines (TSE) shareholder was claiming victory recently after the company elected not to proceed with a public offering to raise $40 million for exploration at its properties. Jacques Fo…
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Canadians could play role in Venezuela’s mining sector
A senior official of Venezuela’s Ministry of Energy and Mines was in Toronto earlier this month to attract Canadian investment. Until recently, foreign mining companies have been restricted from inves…
Curragh sets mining plan for Hundere lead-zinc bet
Just two weeks after becoming a public company, Curragh Resources (TSE) is attempting to raise the $70 million needed to bring its 80% owned Mt. Hundere lead-zinc project into production. After comple…
Cameco drops diamond option
An option to earn an interest in diamond exploration properties near Sturgeon Lake in northern Saskatchewan from Claude Resources (TSE) has been terminated by Cameco. The uranium producer made its dec…
Chutine signs deal on Mexico copper bet
Toronto-based Chutine Resources (VSE) has concluded a formal option agreement to acquire the remaining 51% of the shares of Minera Sanex S.A., it does not already own. Chutine formerly held 49% of the…
Curragh completes public stock sale
The subordinate voting shares of Curragh Resources (TSE) have been listed for trading on the Montreal and Toronto stock exchanges, following completion of the company’s initial public offering earlier…
Newhawk resumes drilling at Sulphurets
A $1.2-million drill program totalling 18,000 ft. has started on the Sulphurets property, owned 60% by Newhawk Gold Mines (TSE) and 40% by Granduc Mines (TSE). The program is designed to test the down…
U.S.PEPORT Santa Fe sets Lone Tree reservers
Based on 175 holes, Santa Fe Pacific Minerals says it has outlined in-place reserves of more than two million ounces of gold at the Lone Tree project in Nevada. The company is a unit of Santa Fe South…
Cameco, Trimin expand to the west on Hanson Lake zone
Drilling on the Hanson Lake property by Trimin Resources (TSE) and Cameco continues to intersect economic-grade mineralization. Hole 61, the most westerly hole drilled to date, cut 15.7 ft. grading 1….
Modernization offers hope for high-cost gold mines
With the price of gold bullion recently sinking below US$360 per oz., mining companies will be facing increasing pressure to keep production costs in line at their operations. Declining precious metal…
Problems at Dome mine raise questions about Timmins’ future
A strike marked by violence at the Dome mine operated by Placer Dome (TSE) has put a spotlight on a question few want discussed: Is this mining city of 47,000 facing an economic disaster? A Dome secur…
Alberta Stock Exchange Durvada gains 33 cents
Nine recently completed drill holes on BMR Gold’s America Mine project in California have intersected more high-grade reserves in an area where initial open pit production is planned. One intersection…