Beiträge von GSP-Komet

Results from Operations
Our consolidated net loss for the three-month period ended September 30, 2007, was $2,200 or $0.07 per share compared to a consolidated net loss of $1,361 or $0.05 per share for the same period in 2006. Our consolidated net loss for the nine-month period ended September 30, 2007, was $6,204 or $0.19 per share compared to a consolidated net loss of $3,395 or $0.14 per share for the same period in 2006. For both the three and nine-month periods, the increases in the consolidated losses of $839 and $2,809 from the respective prior periods are primarily the result of costs related to the completion of the Arrangement of $528 and $2,880. The remaining variances for the three and nine-month periods include increases in exploration, property evaluation and holding costs of $97 and $337 from the respective prior periods and increases in corporate administration and investor relations costs of $854 and $1,580 from the respective prior periods, which are partially offset by increases in interest income of $42 and $655 from the respective prior periods and decreases in losses from discontinued operations of $630 and $1,252 from the same respective periods.

Vista Gold Corp. Announces Bd Of Directors And Corporate Personnel Changes; Decision To Fund Initial Development Of Paredones Amarillos Project, Mexico

DENVER, Nov 06, 2007 /PRNewswire-FirstCall via COMTEX/ -- Vista Gold Corp. (VGZ: vista gold corp com new, TSX, , ) announces that it is with regret that the Corporation's Board of Directors accepted the resignation of Robert A. Quartermain from the Board of Directors effective today. Mr. Quartermain cited pressing business requirements at Silver Standard Resources, Inc., where he is President and a director; as his reason for resigning; but announced that he will continue to assist the Corporation over the next 12 months as Special Advisor to the Board of Directors. On behalf of the Corporation, the Board of Directors expressed its appreciation for the services rendered to the Corporation by Mr. Quartermain during his tenure on the Board.
As a new independent director, the Board approved the appointment of Tracy A. Stevenson to the Board of Directors. Mr. Stevenson is a senior mining executive who worked for Rio Tinto plc and related companies for 26 years where he served in senior positions in information technology, finance, planning and business development and has been involved with many major exploration, development, and financing projects. Mr. Stevenson has served as Global Head of Information and Technology and Global Head of Business Process Improvement for Rio Tinto plc, Senior Vice President Finance and Control at Kennecott Corporation, and Executive Vice President Financial Services and Strategy at Comalco Limited. Mr. Stevenson holds a B.Sc. Accounting from the University of Utah, is a CPA and spent four years with a predecessor to the firm PriceWaterhouseCoopers LLP.
The Board also approved the appointment of Michael B. Richings (Chief Executive Officer) to the additional position of Executive Chairman of the Board of Directors, the appointment of Frederick H. Earnest (President and Chief Operating Officer) to the Board of Directors and the promotion of Kenneth W. Deter (Manager of Engineering and Metallurgy) to Vice President, Engineering and Metallurgy.
In other matters, the Board approved funding for the initial development of the Paredones Amarillos project in Mexico, such funding to include the purchase of items with long delivery times as they are identified. Vista completed a preliminary feasibility study in September 2005 (see Vista's press release of September 26, 2005), which was updated in June 2007 (see Vista's press release of June 21, 2007) to reflect 1st quarter 2007 cost parameters. As previously reported by Vista, the updated study indicated that the Paredones Amarillos project could be developed to produce an average of 113,000 ounces of gold per year for a 12.5 year production life at an average cash cost of US$358 per ounce with an initial investment of US$110 million. The project would consist of an open-pit mine with a flotation concentrator that would produce a concentrate from which gold would be recovered on-site. The study estimated the internal rate of return before taxes to be 12.5% at a gold price of US$550 per ounce. At gold prices of around US$650 per ounce, the return on investment before taxes is estimated at 23.8%. The Corporation is currently preparing a definitive feasibility study for the project reflecting an anticipated increased production rate to 130,000-150,000 ounces of gold per year. The Corporation plans to commence construction on the project in the second half of 2008.
The pre-feasibility study prepared in September 2005 is entitled "Technical Report, Paredones Amarillos Project, Baja California Sur, Mexico" and dated September 23, 2005. The June 2007 update of the technical report is entitled "Updated Technical Report, Paredones Amarillos Project, Baja California Sur, Mexico" and dated June 20, 2007. Mr. Neil Prenn, P. Eng. of Mine Development Associates of Reno, Nevada, an independent qualified person, prepared the technical reports referred to in this press release.
About Vista Gold Corp.
Since 2001, Vista has acquired a number of gold projects with the expectation that higher gold prices would significantly increase their value. As gold prices have risen, Vista has completed various preliminary evaluations that have demonstrated that some of the projects would be potentially viable operations at current gold prices. Vista is undertaking technical programs to bring the most advanced projects to the point where decisions can be made to put these projects into production, either by Vista, or through sale or joint venture to other mining companies. Vista's holdings include the Paredones Amarillos and Guadalupe de los Reyes Projects in Mexico, Mt. Todd Project in Australia, Yellow Pine Project in Idaho, Awak Mas Project in Indonesia, Long Valley Project in California, and the Amayapampa Project in Bolivia.

Phase 9B $525,000 Exploration Budget on River Valley, River Valley Platinum Group Metals Project, Sudbury, Ontario

VANCOUVER, Nov 05, 2007 /PRNewswire-FirstCall via COMTEX/ -- Pacific North West Capital Corp. (CA:PFN) (PAWEF: pacific north west cap corp com) is pleased to report that a Phase 9B $525,000 budget for continued evaluation of the Interior River Valley Intrusive (RVI) has been approved for the River Valley PGM Project by joint venture partner Anglo Platinum Limited ("Anglo Platinum"); the world's largest primary producer of platinum. The River Valley Project, located near Sudbury, Ontario. Further ground sampling, stripping, channelling and continued evaluation on the Interior RV intrusive will begin immediately to evaluate the mineral potential on PGM zones identified in the 2006 mapping and prospecting programs.

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Pacific North West Capital Corp. (TSX.PFN OTCBB.PAWEF Frankfurt.P7J) is a North American industry leader in the search for Platinum Group Metals (PGMs) and Nickel.
Management's corporate philosophy is to be Project Generator, Explorer and Project Operator with the objective of option/joint venturing projects with major mining companies through to production. To that end, Pacific North West Capital's current option/joint ventures agreements are with Anglo Platinum, Stillwater Mining Company, Xstrata Nickel and Soquem.

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In November 2006, Stillwater Mining Company (SWC: Stillwater Mining Company) , the largest producer of palladium and platinum in the Western hemisphere, purchased an initial 11% of PFN and has followed its position in two recent financings and currently has approximately 10% of the PFN.
PFN and Stillwater have entered into a non-binding Letter Agreement pertaining to ongoing exploration of the Goodnews Bay Platinum Project (GBPP). The Letter Agreement also provides for Stillwater to fund reconnaissance on other Alaskan PFN exploration projects with the provision for Stillwater to enter into an option/joint venture agreements on the Goodnews Bay Project and 1 or more of the reconnaissance projects in Alaska.
Under the terms of the Letter Agreement, Stillwater will spend $4 million to earn 50% of GBPP by December 31, 2010. Stillwater may elect to increase its interest to 60% by incurring an additional $8 million in exploration expenditures within an additional two year period or upon completion of a Feasibility Study, whichever occurs first. Stillwater may increase its interest to 65% by arranging for 100% of the project financing required to place the Property into Commercial Production within an additional three years.
Under the Reconnaissance Agreement, Stillwater may expend $500,000 in 2007 which will allow it to inspect several of PFN's proposed projects. In event Stillwater elects to continue participating in one or more projects, they will be able to enter into one or more agreements identical to the Goodnews Bay. Pacific North West Capital is the project operator.

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BILLINGS, Mont., Nov 05, 2007 /PRNewswire-FirstCall via COMTEX/ -- Stillwater Mining Company (SWC: Stillwater Mining Company) today reported a third quarter 2007 net loss of $11.1 million, or $0.12 per fully diluted share, on revenues of $163.1 million. The 2007 third quarter loss compares to net income of $6.9 million, or $0.07 per fully diluted share, on revenues of $180.8 million in the third quarter of 2006.

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Stillwater Mining (SWC) posts $0.12 third quarter loss per share, vs. $0.07 EPS a year ago, on 9.8% revenue decline. It cites lost production related to 7-day strike at its Stillwater Mine and Columbus processing facilities and unusually higher miner attrition in 2007. It says mine output for all of 2007 is now expected to be approximately 550,000 ounces from previous production guidance of 555,000-585,000.

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Coeur d'Alene Mines rose 52 cents, or 14%, to $4.36 on the New York Stock Exchange, because of the higher silver and gold prices and a Wall Street analyst's comments that the Idaho miner's stock was undervalued.

SYDNEY, Nov 01, 2007 (Dow Jones Commodities News via Comtex) -- South African miner Harmony Gold Mining Co. (HMY) is likely to attract interest from Barrick Gold Corp. (ABX), Lihir Gold Ltd. (LGL.AU) and possibly Newcrest Mining Ltd. (NCM.AU) to buy into its Papua New Guinea assets, analysts said Thursday.
Harmony, which posted a lower-than-expected first quarter loss Wednesday, said it wanted to find partners for its PNG assets, which comprise the advanced Hidden Valley gold venture and the Wafi Golpu copper gold project, while keeping a 50% equity interest.
Harmony has total gold reserves in Papua New Guinea of 4.2 million troy ounces, with resources of 15.1 million ounces. It also has reserves of copper, silver and molybdenum. Hidden mine is slated to produce around 300,000 troy ounces from early 2009, with a mine life of 10 years.
Barrick Gold is already active in PNG, last week adding to its operations there with the purchase of the Kainantu gold mine from Highlands Pacific Ltd. for US$141.5 million, comprising exploration licenses for 2,900 square kilometers. Barrick owns 75% in PNG's Porgrera gold mine, which is forecast to produce 480,000-500,000 attributable ounces this year.
A Barrick spokeswoman said the company didn't comment on acquisition speculation.
"Lihir and Barrick are the most obvious candidates, though Lihir may be less keen to add to PNG assets on the basis of country risk," one analyst said. Lihir has one producing asset on Lihir Island in PNG, due to produce 1.2 million ounces of gold next year, and is developing the Ballarat project in Australia.
Newcrest, Australia's largest gold miner, said Thursday it had established a merger and acquisition team that is currently assessing as many as five possible acquisitions.
Newcrest was looking for deposits that would have a minimum mine life of eight years and produce more than 200,000 ounces of gold a year, the company said.

JOHANNESBURG, Oct 31, 2007 (Dow Jones Commodities News via Comtex) -- Harmony Gold Mining Co. (HMY)., the world's fifth-largest gold producer, is looking to partner on all its assets in Papua New Guinea, keeping a 50% equity interest.
Acting Chief Executive Graham Briggs told analysts during a presentation Wednesday a list has been compiled of companies that have approached Harmony with an interest in partnering on the mining and exploration activities.
He said it was hoped that a partnership would be established by the first half of 2008.
Harmony's total gold reserves in Papua New Guinea are 4.2 million troy ounces, with resources of 15.1 million ounces. It also has reserves of copper, silver and molybdenum.
Company Web site: http://www.harmony.co.za

COEUR D'ALENE, Idaho, Nov 02, 2007 (BUSINESS WIRE) -- Coeur d'Alene Mines Corporation (CDE: Coeur d'Alene Mines Corporation) (CA:CDM) today reported quarterly revenue of $52.9 million compared to $50.6 million during last year's third quarter. Quarterly net income totaled $3.6 million, or $0.01 per diluted share, compared to net income of $18.4 million, or $0.06 per diluted share for the third quarter of 2006. Included in the third quarter results for 2007 are expenses of $2.5 million associated with the cessation of mining activities at the Rochester mine during the third quarter.
For the first nine months of 2007, revenue was $155.4 million, compared to $149.5 million in the year-ago period. Net income during the first nine months of 2007 was $29.6 million, or $0.10 per diluted share, compared to net income of $65.3 million, or $0.23 per share, for the same period in 2006. Results for the first nine months of 2006 included a gain of $11.1 million from the sale of Coeur Silver Valley ("CSV") as well as $2.0 million of income from CSV operations.
In terms of production levels, Coeur produced 2.7 million ounces of silver and 20,500 ounces of gold during the third quarter and 8.3 million ounces of silver and 70,500 ounces of gold through the first nine months of the year. Coeur produced 3.3 million ounces of silver and 30,000 ounces of gold during the third quarter of 2006 and 9.4 million ounces of silver and 84,500 ounces of gold during the first nine months of 2006.
In commenting on the Company's performance, Dennis E. Wheeler, Chairman, President and Chief Executive Officer, said, "During the recent quarter, we made substantial progress on all of the Company's strategic initiatives that we believe will result in Coeur becoming the world's undisputed leader in silver. The San Bartolome silver mine in Bolivia, the world's largest pure silver mine under construction, remains on schedule for a February 2008 production start up.
"In Australia, both Broken Hill and Endeavor continue to deliver improved results in 2007. Cash costs remain consistently low and we are nearing complete payback of our investments made just 2 years ago. The Company expects to continue receiving silver production from Endeavor for at the least the next 15 years and from Broken Hill for the next 7 years," Mr. Wheeler continued.
"The Bolnisi Gold NL and Palmarejo Silver and Gold Corporation merger transaction is expected to close in mid-December following the Coeur shareholder vote on December 3, 2007. Construction is progressing at the Palmarejo project under Coeur's management. We believe the Palmarejo project is the largest and highest quality silver-gold project currently under development in the world today. Once Palmarejo is in production in 2009, Coeur expects to produce nearly 29 million ounces of silver--a 142% increase over current levels--at industry-low cash costs below $1.75 per ounce--a 55% reduction from current levels."

COEUR D'ALENE, Idaho, Oct 30, 2007 (BUSINESS WIRE) -- Coeur d'Alene Mines Corporation (CDE: CDE) (CA:CDM) said today that a three-judge panel of the United States Court of Appeals for the Ninth Circuit has issued a ruling that denies the Petitions for Rehearing En Banc filed by Coeur Alaska, the State of Alaska and Goldbelt, Inc. as well the limited Petition for Rehearing filed by the Department of Justice, representing the U.S. Forest Service and the U.S. Army Corps of Engineers.
The same Ninth Circuit three-judge panel had previously ruled on the legal challenge filed by Southeast Conservation Council, the Sierra Club and Lynn Canal Conservation challenging the Kensington Section 404 Permit issued by the U.S. Army Corps of Engineers. The Federal District Court in Alaska had upheld the permit, and the Plaintiffs appealed that decision to the Ninth Circuit in August, 2006. The Ninth Circuit three-judge panel reversed the District Court on May 22, 2007. The Department of Justice, representing the U.S. Forest Service and the U.S. Army Corps of Engineers, as well as Coeur Alaska, the State of Alaska and Goldbelt, a native corporation, all asked the Ninth Circuit Court to reconsider the prior May 22 decision. Today's order denies the reconsideration by this Court.
The Company is continuing its discussions with the Plaintiffs to explore options for the Kensington Mine to begin production as well as reviewing a possible appeal to the Supreme Court of the United States.
Coeur d'Alene Mines Corporation is one of the world's leading primary silver producers and has a strong presence in gold. The company has mining interests in Alaska, Argentina, Australia, Bolivia, Chile, Nevada and Tanzania.

COEUR D'ALENE, Idaho, Oct 26, 2007 (BUSINESS WIRE) -- Coeur d'Alene Mines Corporation (CDE: CDE ) (CA:CDM) will report its third quarter 2007 results on Friday, November 2, 2007 before the New York Stock Exchange opens for trading. There will be a conference call that day at 2:00 p.m. Eastern time.

Dial-In Numbers: (866) 853 - 4681 (US and Canada)
(660) 422 - 4718 (International)

Conference ID: 21052099

The conference call and presentation will also be web cast on the company's web site http://www.coeur.com.
Hosting the call will be Dennis E. Wheeler, Chairman, President and Chief Executive Officer of the company, who will be joined by James A. Sabala, Executive Vice President and Chief Financial Officer, and other members of management.
A replay of the call will be available through November 9, 2007. The replay dial-in numbers are (800) 642-1687 (US and Canada) and (706) 645-9291 (International) and the access code is 21052099. In addition, the call will be archived for a limited time on the company's web site.
Coeur d'Alene Mines Corporation is one of the world's leading primary silver producers and has a strong presence in gold. The company has mining interests in Alaska, Argentina, Australia, Bolivia, Chile, Nevada and Tanzania.

COEUR D'ALENE, Idaho, Oct 26, 2007 (BUSINESS WIRE) -- Coeur d'Alene Mines Corporation (CDE: CDE) (CA:CDM) today announced the appointment of Donald Gray as Vice President and General Manager of Compania Minera Cerro Bayo, Coeur's wholly owned subsidiary that owns and operates the Cerro Bayo Mine in southern Chile.
Don joins Coeur with more than 27 years of operational and developmental mining experience, most recently as Vice President and General Manager of Minera Hecla Venezolana, in Venezuela. He is a graduate of the University of Idaho in mining engineering and also holds a masters degree in civil engineering from the Massachusetts Institute of Technology. Don has also worked for Newmont Mining, Exxon and Climax Molybdenum.
In addition to its ongoing silver and gold production, Cerro Bayo has a $4.8 million exploration program underway in 2007, which already through the first half of the year increased silver mineral reserves by 51% over year-end 2006 levels.
Coeur d'Alene Mines Corporation is one of the world's leading primary silver producers and a growing gold producer. The company has mining interests in Alaska, Argentina, Australia, Bolivia, Chile, Nevada, and Tanzania.

Coeur Strengthens Management Team in South America and Alaska
San Bartolome and Kensington Growth Projects Prepare for Operations and Production

COEUR D'ALENE, Idaho, Oct 22, 2007 (BUSINESS WIRE) -- Coeur d'Alene Mines Corporation (CDE: Coeur d'Alene Mines Corporation) (CA:CDM) today announced the appointment of key personnel at its growth projects, San Bartolome, Bolivia silver mine and Kensington, Alaska gold mine. Both mines are progressing toward the operations and production phase of development.
"We are very pleased to announce that our San Bartolome silver mine and Kensington gold mine have almost completed construction and are moving toward the operations and production phase," said Dennis E. Wheeler, Chairman, President and Chief Executive Officer. "In tandem with this, Coeur has significantly strengthened its operations management team to secure the company's position as it moves to its next level of strategic growth. Production at San Bartolome remains on schedule to begin producing nine million ounces of silver annually, beginning in February. Additionally, construction at Kensington is over 90% complete and the process plant and ancillary construction activities, including pre-operational testing, are fully complete."
San Bartolome, Bolivia
At San Bartolome, Rick Irvine has been appointed General Manager for the mine in Potosi, Bolivia. Rick recently joined Coeur and Empresa Minera Manquiri, Coeur's Bolivian subsidiary. He has 17 years of mining experience in Canada, Argentina, Chile, Honduras, Nicaragua, as well as Bolivia. Rick was most recently Operations Manager at the Manantial Espejo development project in Argentina. He was also previously Vice President and Chief Operating Officer of Apogee Minerals.
As San Bartolome moves toward its expected February 2008 startup, over 1,600 personnel on site at the project have surpassed 2 million man hours without a lost time accident. All major construction contracts have been awarded for the project, with engineering 100% complete, and procurement of equipment and materials 98% complete.
Kensington, Alaska
At Kensington - Coeur's major gold project near Juneau, Alaska - Tom Henderson has been promoted to General Manager for Coeur Alaska. Tom has been Mine Manager at Coeur's Kensington Mine since beginning with the company in late 2006. Effective November 1, Mr. Henderson will also become General Manager of the Kensington as it moves toward its production phase.
Tom was previously a mining manager at the Robinson Mine in Ruth, Nevada, and also worked at the Goldstrike Mines in Carlin, Nevada. Tom was also mine manager at the Grasberg Mine, one of the world's largest mines located in Indonesia. Tom brings a total of 29 years of mining operations experience to his new position at Kensington.
Construction at Kensington is over 90% complete. The process plant and ancillary construction activities, including pre-operational testing, are fully complete. A supplemental operations team remains focused on improving the process plant control systems, as well as other minor activities including sediment control, overall site maintenance, and weather conditioning.
Additional Personnel Changes
Bernie O'Leary was named Director of Technical Services, based in Sydney Australia. Bernie succeeds Stuart Mathews, who was promoted to lead the Palmarejo silver and gold project in Chihuahua Mexico. Bernie brings with him 23 years of mine production management and planning experience at small to large mine operations in both New Zealand and Australia and, most recently, was mining manager at Barrick's Cowal Gold Mine in NSW, Australia.
Greg Blaylock was named to Manager of Mining for the Palmarejo Project in Chihuahua, Mexico; Hector Figueroa was named to Geology Manager at Palmarejo.
Coeur d'Alene Mines Corporation is one of the world's leading primary silver producers and a growing gold producer. The company has mining interests in Alaska, Argentina, Australia, Bolivia, Chile, Nevada, and Tanzania.

North American Palladium Files Initial NI 43-101 Compliant Mineral Resource Estimate for the Shebandowan West Nickel-Copper-PGM Project

TORONTO, ONTARIO, Oct 25, 2007 (MARKET WIRE via COMTEX) -- North American Palladium Ltd. (CA:PDL: news, chart, profile) (PAL: north amern palladium ltd com) is pleased to announce the results of the first mineral resource estimate for its Shebandowan project, located west of Thunder Bay, Ontario and within 100 kilometres of the Company's producing mine. The Shebandowan West project forms part of a larger series of claims over which the Company has a right to earn a 50% interest under an agreement with CVRD-Inco, who shall own the remaining 50% interest, and encompasses four mineralized zones located at shallow depths known as the Shaft, West, Road and "D" zones.
The mineral resource estimate found that measured and indicated resources for the four zones total approximately 2.58 million tonnes grading 0.91% Ni, 0.62% Cu, 1.09 g/t Pd, 0.34 g/t Pt and 0.23 g/t Au and that inferred resources total an additional 340,000 tonnes grading 1.11% Ni, 0.61% Cu, 0.97 g/t Pd, 0.27 g/t Pt and 0.18 g/t Au.
Mr. Jim Excell, President and CEO of North American Palladium commented: "The results of this mineral resource estimate confirm our view that the mineralization at the Shebandowan West project has the potential to be a profitable operation. Our current plans for this project include an underground mine at Shebandowan West with the material being transported by truck to our existing Lac des Iles operating mine and mill for processing. Studies are underway to examine the technical and economic viability of the various aspects of this mining scenario, A bulk sampling program will commence in the first half of 2008. We wish to acknowledge the dedication and hard work of the members of our exploration team in advancing the property to its current state."
The Shebandowan West project is located in an area lying immediately west of the former Shebandowan mine. The nickel-copper-PGM mineralization found at the Shebandowan West project is believed to represent the western extension of the Shebandowan mine ore body. North American Palladium has been conducting exploration programs targeting known and under-explored zones of nickel-copper mineralization that were located along strike to the west of the former mine. The former Shebandowan mine, which was in operation from 1971 to 1998, produced 8.7 million tonnes at 2.07% nickel, 1.00% copper and approximately 3.0 g/t platinum group elements (PGE) and gold.
The nickel-copper mineralization on the property is hosted by an east-west striking, steeply dipping unit of ultramafic volcanic rocks, and is viewed as having similarities to the nickel-copper mineralization found in the Kambalda region of Australia or in the Raglan area in Canada. On the Shebandowan property, the nickel-copper bearing sulphide minerals (chiefly pendlandite and chalcopyrite, respectively) mainly occur as breccia and stringer style mineralization with sections of semi-massive to massive sulphides. On the Shebandowan West project, nickel-copper mineralization is hosted in each of the four separate zones: Shaft, West, Road Zone (North and South lenses) and D Zone.
The favorable results from these recent drilling programs allowed for the preparation of a National Instrument 43-101 compliant estimate of the mineral resources of the property (details of the drilling results can be found in the Company's news releases contained on its web site at http://www.napalladium.com). The mineral resource estimate was prepared by Mr. Fred H. Brown, CPG, Pr. Sci. Nat. who is an independent Qualified Person. The complete details pertaining to the mineral resource estimate are available in a Technical Report prepared in compliance with the requirements of National Instrument 43-101 which will be posted on the SEDAR website at http://www.sedar.com. The estimated mineral resources were classified according to the guidelines established by the Canadian Institute of Mining, Metallurgy and Petroleum and are shown in Table 1.

North American Palladium Reports Final Drill Results at Ahmavaara Deposit, Finland; Pilot Plant Operation & Feasibility Study Commencing

TORONTO, CANADA, Oct 22, 2007 (MARKET WIRE via COMTEX) -- North American Palladium (CA:PDL: news, chart, profile) (PAL: north amern palladium ltd com) is pleased to announce the final results of an infill drill program at the Ahmavaara deposit, the larger of two deposits that comprise the Suhanko property. The Suhanko property is one of three advanced stage platinum group metal projects located south of Rovaniemi, Finland known as the Arctic Platinum Project ("APP") over which the Company has a right to earn up to a 60% interest from Gold Fields.
A total of 26 holes totalling 4,352 metres in length were drilled in this last phase, completing the 83-hole drilling program. The results of this infill drill program support NAP's interpretation of the geologic continuity and metal distribution that was based upon previous widely spaced drill holes.
In addition to this infill drilling campaign, bulk sampling is underway at both Suhanko property deposits, Ahmavaara and Konttijarvi and is nearing completion. A program of bench-scale metallurgical testing is ongoing in support of a pilot plant test that is expected to be carried out next month.
Mr. Jim Excell, President and CEO of North American Palladium commented, "These drilling results are very encouraging as they continue to confirm the excellent continuity of the metal content and the favourable widths of these shallow mineralized zones at the deposit. In terms of the nickel-copper and PGM's, the Ahmavaara drilling results are broadly comparable to those the Company mines from the open pit portion of its Lac des Isles mine near Thunder Bay, Ontario."
The Company has accepted a proposal from Aker Kvaerner to complete a definitive feasibility study and recently hired a 30-year veteran of the mining industry to oversee the work at APP as it moves closer to satisfying the conditions of its earn-in.

BILLINGS, Mont., Oct 23, 2007 /PRNewswire-FirstCall via COMTEX/ -- Stillwater Mining Company (SWC: Stillwater Mining Company) released today preliminary third quarter and year-to-date production results for its two operating mines and volumes processed in its platinum-group metal (PGM) recycling activities. As anticipated, the results indicate that third quarter production at the Stillwater Mine was heavily affected by the labor issues there early in the quarter.

DENVER, Oct 17, 2007 /PRNewswire-FirstCall via COMTEX/ -- Vista Gold Corp. (VGZ: VGZ) announced today that it has selected the following consulting firms to assist in preparation of a definitive feasibility study for its Paredones Amarillos Project in Baja California, Mexico. Research Development Inc. of Lakewood, Colorado, is to complete the confirmatory metallurgical testing program and define the process flow sheet. Mine Development Associates of Reno, Nevada, is to update the mineral resource estimate, determine proven and probable reserves, prepare the mine plan and estimate the mine capital and operating costs. KD Engineering of Tucson, Arizona, will be responsible for processing engineering/design, infrastructure engineering/design and estimating the processing capital and operating costs. Golder Associates, Inc. of Tucson, Arizona, is to manage geotechnical investigations and test work, provide guidance for the design of structural foundations, determine the most suitable method for disposal of the barren mill flotation tailings with the mine waste rock and design the tailings storage facility including preparing the associated capital and operating cost estimates. SRK Consulting (US), Inc. ("SRK") will be responsible for the pit slope stability determinations and has been retained to determine the optimum source of water for the project including the use of municipal waste water and desalinized or partially desalinized sea water. As previously announced (see press release of August 13, 2007), SRK was engaged to manage the preparation of the definitive feasibility study as well as undertake an economic analysis of the project and compile the final report.
As also mentioned in the August 13 press release, Corporacion Ambiental de Mexico, S.A. de C.V. ("CAM") has been retained to manage the environmental permitting activities for the project. CAM is a full-service environmental firm headquartered in Mexico City with experience in mining project permitting in Baja California. CAM recently reported to Vista that the environmental and change of land use permits issued to Echo Bay Mines when it held the project are still valid. The Corporation has presented all of the studies and permitting documents for its proposed metallurgical core drilling program and anticipates that it will receive the required permits. When the permits are received, Vista plans to expedite the start of drilling and the related confirmatory metallurgical test program, which is expected to be completed in the first quarter of 2008.
Fred Earnest, President and COO commented, "Vista is pleased to have this team of consultants selected for the preparation of the Paredones Amarillos Definitive Feasibility Study. Each company selected to participate in this study has demonstrated strength in their area of expertise. We believe that the combined experience of this team of consultants will result in a quality feasibility study."
About Vista Gold Corp.
Since 2001, Vista has acquired a number of gold projects with the expectation that higher gold prices would significantly increase their value. As gold prices have risen, Vista has completed various preliminary evaluations that have demonstrated that some of the projects would be potentially viable operations at current gold prices. Vista is undertaking technical programs to bring the most advanced projects to the point where decisions can be made to put these projects into production, either by Vista, or through sale or joint venture to other mining companies. Vista's holdings include the Paredones Amarillos and Guadalupe de los Reyes Projects in Mexico, Mt. Todd Project in Australia, Yellow Pine Project in Idaho, Awak Mas Project in Indonesia, Long Valley Project in California, and the Amayapampa Project in Bolivia.

Coeur Announces Filing of Definitive Proxy Statement
Special Meeting of Shareholders to Vote on Matters Related to Proposed Acquisition of Bolnisi and Palmarejo to Be Held on December 3, 2007

COEUR D'ALENE, Idaho, Oct 19, 2007 (BUSINESS WIRE) -- Coeur d'Alene Mines Corporation (CDE: Coeur d'Alene Mines Corporation) (CA:CDM) today announced that it has filed a definitive proxy statement regarding the proposed acquisition of Bolnisi Gold NL (ASX: BSG) and Palmarejo Silver and Gold Corporation (CA:PJO) . The Company expects to commence mailing the proxy statement and all relevant materials to Coeur shareholders early next week.
A special meeting of the shareholders of Coeur, to consider matters relating to the proposed acquisitions of Bolnisi and Palmarejo, will be held on December 3, 2007 at 9:30 a.m., local time, at The Coeur d'Alene Resort and Conference Center, Second Street and Front Avenue, Coeur d'Alene, Idaho. Coeur stockholders of record as of the close of business on October 19, 2007 will be entitled to vote at the special meeting. The merger is expected to close in the fourth quarter of 2007.
As previously announced on May 3, 2007, Coeur, Bolnisi, and Palmarejo entered into agreements to merge, which were approved unanimously by their respective Boards of Directors. Pursuant to the agreements, Coeur will acquire all of the shares of Bolnisi, and all the shares of Palmarejo not owned by Bolnisi, in a transaction valued at approximately US$1.1 billion. The combination will create the world's undisputed leader in silver.
The Board of Directors of Coeur unanimously approved the transaction and the issuance of Coeur common stock, and recommends that all Coeur shareholders vote "FOR" the issuance of Coeur shares in the transaction and the amendment to Coeur's articles of incorporation to increase the authorized number of Coeur shares. The proposals require the approval of a majority of the Coeur shares that are present or represented by proxy at the shareholder meeting.
Shareholders are encouraged to read the Company's definitive proxy materials in their entirety as they provide, among other things, a detailed discussion of the process that led to the proposed merger and the reasons behind the Board of Directors' unanimous recommendation that stockholders vote FOR the issuance of Coeur shares in the transaction and the amendment to Coeur's articles of incorporation to increase the authorized number of Coeur shares.
Coeur shareholders are reminded that their vote is very important regardless of the number of shares of common stock they own. Whether or not shareholders are able to attend the Special Meeting in person, they should complete, sign and date the proxy card and return it in the prepaid and addressed envelope as soon as possible or submit a proxy through the Internet or by telephone as described on the proxy card accompanying the definitive proxy statement.
Shareholders who have questions about the merger or need assistance in submitting their proxy or voting their shares should contact D.F. King & Co., Inc., which is assisting Coeur, toll-free at (800) 901-0068 or (collect) at (212) 269-5550.
About Coeur
Coeur d'Alene Mines Corporation is one of the world's leading primary silver producers and a growing gold producer. The company has mining interests in Alaska, Argentina, Australia, Bolivia, Chile, Nevada, and Tanzania. In 2006, Coeur produced 12.8 million ounces of silver and 116,000 ounces of gold. Cash costs in 2006 were $3.33 per ounce of silver for 2006.

North American Palladium Reports Continued Improvement in Production Results for the Third Quarter 2007
Highlights for the Quarter

TORONTO, ONTARIO, Oct 18, 2007 (MARKET WIRE via COMTEX) -- In the third quarter of 2007, the Company's (CA:PDL) (PAL: north amern palladium ltd com) Lac des Iles mine produced 69,283 oz of palladium compared to 59,756 oz produced in the third quarter of 2006 and 66,651 oz in the second quarter of this year. This marks the seventh consecutive quarter of improved production year-over-year reflecting higher recoveries, increased grade and increased tonnage. The average palladium mill feed grade improved slightly to 2.24 g/t compared to 2.20 g/t palladium in the third quarter of last year.
By-product metal production posted similar gains during the quarter with the following year-over-year percentage increases - platinum: +6.0%; gold: +18.8%; nickel: +18.2%; and copper +11.9%.
Mr. Jim Excell, President and CEO said "We are pleased with our continued operational advancements and the increase in tonnage being processed at our Lac des Iles mine. We anticipate that our total palladium production for 2007 will be approximately 285,000 ounces, which reflects a slight reduction of 2% from our previous forecast."
In total 1,308,007 tonnes of ore were processed during the quarter for an average of 14,217 tonnes per day at a palladium recovery rate of 73.8%. This compares to 1,164,029 tonnes or 12,652 tonnes per day at a recovery of 72.7% in the same period last year and 1,244,067 tonnes or 13,671 tonnes per day at a recovery of 73.5% in the second quarter of this year.

GOLDEN, Colo., Oct 03, 2007 /PRNewswire-FirstCall via COMTEX/ -- Canyon Resources Corporation (CAU: canyon resources corp com new) , a Colorado-based mining company, has received notice that the appeal from the District Courts dismissal of its federal takings claim in the case of Seven-Up Pete Venture, et al. v Brian Schweitzer, Governor of the State of Montana, et al. will be heard by the U.S. Court of Appeals for the Ninth Circuit in Seattle, Washington on Wednesday, November 7, 2007. The Seven-Up Pete Venture is wholly owned by Canyon Resources Corporation and its subsidiaries.
As noted in previous press releases and the Company's filings with the Securities and Exchange Commission, this case was initiated after passage of the 1998 I-137 ballot initiative in the State of Montana. Passage of this initiative resulted in a law that was narrowly crafted to specifically outlaw the use of cyanide to recover gold from ores mined by open pit methods. This was the first of its kind legislation in the U. S. By the time the initiative passed, the Seven-Up Pete Venture had spent over $70 million on drilling, permitting and engineering at the McDonald Gold Project in Montana. The passage of this initiative critically impaired the project rendering it worthless as no other gold recovery process technology has been proven to be economically viable for these ores. "We believe that a true injustice was perpetrated by the State of Montana in regards to the McDonald Gold Project. While a state has the right to make law, it should be held accountable for paying fair compensation for value lost to individuals and companies as a result of its changing laws which result in appropriation of property or which prohibit previously legal operational methods which were the basis for property development costs. That would be fair, and fairness is what we are seeking in this case," states James Hesketh, President and CEO.