Hemlo Gold on buying spree?
Mining companies often complain that acquisition costs for mature gold properties are simply too high. But not all companies have the financial clout of acquisition-hungry Hemlo Gold Mines which has a…
News
Seabright milestone in N.S. mining history
Several hundred people recently witnessed an historic event in Nova Scotia’s mining industry, the return to gold production after 40 years. The last significant commercial production in the province w…
Gordex acquires gold property in Nova Scotia
Making its first venture outside New Brunswick, Gordex Minerals has acquired a gold property 60 mi southwest of Halifax, N.S. Gordex, New Brunswick’s first primary producing gold company, will spend $…
Kilo Gold funding for B.C. project work
Diamond drilling totalling about 3,000 ft will begin early next month on the Skylark-Ranger claim area of its Kilo property near Slocan, B.C., reports Kilo Gold Mines. The company says it will raise u…
Vancouver Stock Exchange New discovery adds some sparkle
There’s nothing quite like a new discovery to add some sparkle to a market — especially one that’s so close to home. The big news this week of course is the Minnova/Rea Gold find north of Kamloops, B…
More drilling starts for Consolidated TVX on Brazil pgm bet
With eight holes already drilled on a platinum-palladium property in Brazil, Consolidated TVX Mining Corp. says a further 28-hole program is under way on the property, with results expected shortly. T…
Hemlo hoping for reduced production cost
An average cost of $120(US) per oz of gold produced is not good enough for Hemlo Gold Mines. The company, a subsidiary of Noranda Inc., believes it can drop that cost to $110 or lower. During the firs…
Kowkash plans drill program
A high sensitivity magnetometer survey has been completed by Kowkash Gold on its 38-claim O’Sullivan Lake gold property north of Geraldton, Ont. The survey confirmed the existence of significant struc…
Copper mine won’t reopen, Noranda says
About 400 workers are affected by the decision of Gaspe Copper Mines to suspend mining operations completely at its Murdochville, Que., mine, the site of two fires in April. Low copper prices are cite…
Davidson shareholders upset by mine delays
A production decision for the Tisdale gold project shared equally by Davidson Tisdale Mines and Getty Resources, is expected to be made by October, The Northern Miner was told after the annual meeting…
Mining firms attracted to southwestern U.S.
Canadian companies have actively explored for minerals in the U.S. over the years, but the level of activity today has reached an all-time high. Much of it is taking place in the western part of the U…
Quebec Cobalt, Arrowhead merger
The amalgamation of Quebec Cobalt & Exploration with Arrowhead Gold Mines has been approved by the shareholders of both companies, Quebec Cobalt President Richard Evarts said recently. The new company…