A gain from the sale of its oil and gas assets helped Westmin Resources (TSE) report year-end earnings of $63.6 million or $1.17 per share, compared with earnings of $17.8 million or $0.02 per share i…
Initial production has been achieved at the Pepa gold mine in the Maricunga district of Chile. The mine is operated by Compania Minera Horus Limitada, a 65% owned subsidiary of Bridger Resources (VSE)…
The future of ABM Gold (AMEX) may depend on a Northwest Territories gold project scheduled to produce annually 200,000 oz., starting in September. But for the moment, the financial fortunes of the 50%…
Franco-Nevada Mining (TSE), which holds a royalty interest in American Barrick Resources’ (TSE) Nevada-based Goldstrike mine, recently completed a private placement of 500,000 special warrants. Exerci…
Record gold and silver production is reported by Avino Mines & Resources (VSE) for the Avino mine near Durango in central Mexico. Silver production reached 873,000 oz. in 1989, a 56% increase over the…
A lawsuit has been initiated by Asarco (NYSE) challenging the sale by Freeport-McMoRan Gold (NYSE) of its 50% interest in the Santa Cruz copper project in Arizona to Minorco. The suit, filed in New Yo…
Red ink continued to flow for Callahan Mining (NYSE) which reported a loss of US$13.3 million for the year ended Dec. 31. The loss includes a writedown of US$8.5 million relating to the Ropes gold min…
Exploration Orex (ME) is weeks away from completing a bankable feasibility study on the Goldboro property in Nova Scotia. The company is seeking about $50 million from a major bank to construct a test…
Through a cash payment of US$5 million, Battle Mountain Gold (NYSE) has obtained an option to acquire a 51% interest in the Crown Jewel property owned by Crown Resources (VSE) in Washington State. Bat…
A mineral prospect in Utah reported to have potential for a “Carlin-type” gold deposit has attracted the interest of High Frontier Resources (VSE). The junior recently acquired the Washington Dome pro…
Recent drilling by Pamorex Minerals (TSE) on the old Upper Beaver mine property, north of Larder Lake, Ont., has intersected a zone averaging 1.4 oz. gold per ton (uncut) over 21.2 ft. at a vertical d…
Bonanza Metals (ASE) says it has intersected some encouraging new sulphide horizons during recent drilling on the western half of its Poirier zinc-copper property near Joutel, Que. Forbex Resources (M…
By continuing to browse you agree to our use of cookies. To learn more, click more information
Dear user, please be aware that we use cookies to help users navigate our website content and to help us understand how we can improve the user experience. If you have ideas for how we can improve our services, we’d love to hear from you. Click here to email us. By continuing to browse you agree to our use of cookies. Please see our Privacy & Cookie Usage Policy to learn more.