Tuesday, May 02, 2006

 

Bullion stocks get no glitter from gold's jump


Bullion stocks get no glitter from gold's jump
NEW YORK (Reuters) - The surge in the gold price to a 25-year high couldnt have come at a worse time for gold miners such as Newmont Mining Corp. and Barrick Gold Corp. as a competing rally in oil could spoil their party.

Dominion drills for more gold under mine
Dominion Mining Ltd is drilling underneath its Challenger gold mine in the hope of boosting its reserves with new gold finds. -

U.S. stocks rise; oil, metals, mining post gains
NEW YORK -- U.S. stocks gained ground Tuesday as oil, metals and mining companies surged on rising commodity prices, with investors continuing to weigh the prospects for interest rates after Federal Reserve Chairman Ben Bernanke reportedly said the media and the markets had misinterpreted recent remarks on his outlook.

Eurasia Mining starts Russia programme
Shares in aim listed Eurasia Mining were in demand after the group said it had started a $2m exploration programme on its recently-acquired Kola Peninsula platinum projects in northwest Russia.

Tense wait as mine rescue enters delicate stage
A mining expert says the recovery operation at the Beaconsfield Gold mine in northern Tasmania is now reaching a highly technical phase.

Cabo announces drilling contract with Houston Lake Mining Inc.
Cabo Drilling Corp. announces that its Heath & Sherwood Drilling Inc. division has been awarded a drilling contract by Houston Lake Mining Inc. of Val Caron, Ontario. The contract is for a minimum of 1,000 metres of diamond drilling on Houston Lake's 100% owned 635.5 hectare West Cedartree Gold Project located near Sioux Narrows in western Ontario.

Aussie stocks seen steady, gold up; NZ flat
SYDNEY, May 2 (Reuters) - Australian shares are expected to start steady on Tuesday, with Wall Street's decline seen offset by gains in gold miners such as Newcrest Mining Ltd. NCM.AX on the back of strong bullion prices.

Prize Mining Corporation - Exploration and Development Programs Move Forward
Prize Mining Corporation , is pleased to announce the commencement of the Spring / Summer 2006 exploration and development programs on our Atlin Gold Property, located in northwestern British Columbia.

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