Mining Stock News

[G-khan]

Eagle Plains Commences Drilling on Coyote Creek Gypsum Project (Market Wire)
Eagle Plains Resources Ltd. has commenced a 10 hole, 2000 foot diamond drilling program on the Coyote Creek gypsum project located in the Lussier River/Coyote Creek area 50 km NE of Cranbrook, B.C.

Newmont: Verdict May Impact Investment (AP)
U.S. gold mining giant Newmont Mining Corp.'s future operations in Indonesia hinge on the verdict in a criminal prosecution of one its senior executives, a company representative said Friday.

RANDGOLD RESOURCES LIMITED - Annual Information Update (Market Wire)
In accordance with Prospectus Rule 5.2, Randgold Resources Limited submits its first Annual Information Update, following the publication of our Annual Report in March 2006. This Annual Information Update refers to information that has been published or made available to the public in Jersey, the UK, USA and Canada.

Australian Stocks Rise 0.3 Percent (AP)


NORTHGATE MINERALS CORPORATION COMMENCES FORMAL BID FOR AURIZON MINES LTD. (Market Wire)
Northgate Minerals Corporation(AMEX: NXG) today announced that it has filed its formal Offer to purchase all of the common shares of Aurizon Mines Ltd.(AMEX: AZK) with securities regulators in Canada and the United States and is today commencing the mailing of its offering circular and related documents to Aurizon shareholders.

Cardero Resource Corp.: Baja IOCG Update (Market Wire)
Cardero Resource Corp.(AMEX: CDY)(FWB: CR5) wishes to announce that it has assumed 100% control of the newly discovered Baja California Norte Iron Oxide Copper Gold District, Mexico.

Kinross Announces Appointment of James Toccacelli as Senior Vice President, Communications (CNW Group)
Kinross Gold Corporation is pleased to announce that James Toccacelli will join Kinross as Senior Vice President, Communications on June 19, 2006.

European ADRs: Index ticks up, but slump in mining stocks weighs (at MarketWatch)
Slumping mining stocks stood out among U.S.-listed shares of European companies Thursday, but the sector as a whole managed minor gains.

AngloGold Ashanti Signs Agreement With Bema Gold Corporation (Market Wire)
AngloGold Ashanti is pleased to announce the signing of a Heads of Agreement with Bema Gold Corporation to form a New Company to jointly explore a select group of AngloGold Ashanti's mineral opportunities located in Northern Colombia. Newco's initial work will be focused on the prospective La Mina and El Pino targets.

Brinx Brings in New Participant to Owl Creek Project (Market Wire)
Brinx Resources Ltd. reports it has brought a new participant into its Owl Creek Project to help develop and fund the project to its fullest potential.

Richmont Mines Inc. Announces the Closing of a Bought Deal of Common Shares (Market Wire)
Richmont Mines Inc.(AMEX: RIC) has today closed its previously announced bought deal of 3,100,000 common shares at a price of $4.90 per common share, for gross proceeds of approximately $15.2 million.

Bema Signs Agreement with AngloGold Ashanti for Colombia Exploration Properties (Market Wire)
Bema Gold Corporation(AMEX: BGO)(AIM: BAU) is pleased to announce the signing of a heads of agreement with AngloGold Ashanti, to form a New Company to jointly explore mineral opportunities within a 120,000 square kilometre area of northern Colombia.

Searchlight Minerals Corp. resumes drilling at Clarkdale Slag Reclamation Project (PR Newswire)


Metalline Mining Company Commences Drill Program at Sierra Mojada (Business Wire)


Golden Phoenix's Ashdown Molybdenum Project Enters Final Review Period Prior to Start of Full-Scale Mining (PR Newswire)


Desert Mining Adds to Board of Directors (PR Newswire)


NSU, AEM and ALVR Update the Investment Community in All-new Interviews With www.wallst.net (PR Newswire)
On May 8, Dr. John Clarke, President and CEO of Nevsun Resources Ltd. updated the investment community in an all-new interview with www.wallst.net .

Australian Stocks Rise (AP)


NORTHGATE REPURCHASES 24,000 OUNCES OF ITS GOLD HEDGE BOOK-SETTLEMENT REACHED IN JAMESTOWN LITIGATION (Market Wire)
Northgate Minerals Corporation(AMEX: NXG) today announced that during the month of May 2006, it continued to reduce the size of its gold hedge book by repurchasing 24,000 ounces of its gold forward sales position at a cost of approximately US$8.34 million.

Mines Management Acquires Companies and Permits to Reopen Libby Adit at Montana Silver-Copper Project (Business Wire)
SPOKANE, Wash.----May 31, 2006--Mines Management, Inc. announced today it has acquired two U.S. corporations from Noranda Finance Inc., including Noranda Minerals Corp., and Normin Resources Corp., both Delaware corporations.