Mining industry
Nevada Star Resource Corp. has announced the results of its 2005 exploration program at the MAN Alaska Cu-Au Project, a 725-square-kilometer copper-gold project located in south-central Alaska. The program aimed to better define the geology and controls on mineralization, and to identify potential targets for further exploration. The company has
Mining industry
Fronteer Development Group Inc. has announced the acquisition of two new discovery-stage gold projects, San Pedro and Clara, from Teck Cominco Limited's Mexican subsidiary, Minera Teck Cominco SA de CV. The Projects are located in the western state of Jalisco, approximately 60 kilometres west and southwest of Guadalajara.
Mining industry
Newmont Mining Corp. announced that first-quarter profit from its gold unit fell 17 percent, lower than expected, due to decreased gold prices offsetting increased production. The company's 94 percent-owned operating unit, Newmont Gold Co., reported a profit of $32.8 million, or 20 cents a diluted share, down
Mining industry
Glamis Gold Ltd. has released its quarterly earnings report for Q1 1998, revealing a profit of $334,000, or $0.01 per share, on production of 27,337 ounces of gold. This marks a significant decline from the same quarter in 1997, when the company earned $1.2 million, or
Mining industry
Resolute Ltd., a prominent gold mining company, has successfully navigated the challenges posed by the bear market for gold. By focusing on long-life mines that can operate profitably at low gold prices, Resolute has achieved a substantial reduction in cash costs. The company's March quarter cash costs came
Mining industry
LatinGold Inc. has entered into an agreement with Minera San Jorge, S.A. de C.V. to acquire up to a 60% working interest in two gold-silver properties located in Mexico's Guanajuato region. The properties, Pinguicos and Pozos, consist of approximately 25,650 hectares and have the potential
Mining industry
Homestake Mining Company has announced the gradual reopening of its underground operations at the Homestake mine in Lead, South Dakota, following a major restructuring of underground activities. The new mine plan aims to recover better quality ore through the increased use of mechanized cut-and-fill mining methods, resulting in considerable cost
Mining industry
Sahelian Goldfields Inc. is exercising its option to acquire a 90% interest in the Poura gold mine in Burkina Faso, West Africa from SOREMIB, the state-owned mining company. This acquisition is not contingent on any cash payment and is expected to be presented to the Cabinet of the Burkina Government
Mining industry
Pure Gold Minerals Inc. and CaribGold Resources Inc. have jointly acquired 715,000 acres in south central Saskatchewan through staking. This move comes after identifying significant concentrations of variable kimberlite indicator minerals on the property. The indicator minerals, consisting of high chrome pyrope garnets, calcic pyrope-almandine garnets, magnesium almandine garnets,
Mining industry
Kernow Resources and Developments Ltd., a Vancouver-based company, has commenced drilling operations at its Orvillier's property, located along the Casa Berardi Break in northern Quebec. The move marks a significant step in the company's efforts to explore the region for gold and base metal deposits. The
Mining industry
Orvana Minerals Corp. (ORV-T), a Canadian mining company, has released a preliminary resource estimate for its 50% owned Pederson gold deposit in Bolivia. The results show significant potential for the property, with estimated resources totaling 80 million tonnes and 4 million ounces of gold. The estimate is based on over
Mining industry
Santa Catalina Mining Corp., a Vancouver-based company, has signed an exploration agreement for the Pilar Project, a 2431-hectare property located in the State of Sonora, Mexico. The project is situated near the town of Suaqui Grande, approximately 177 kilometers southwest of Hermosillo, the capital of the State of Sonora. The
