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NEW YORK, Aug 14, 2007 /PRNewswire via COMTEX/ -- James Hesketh, CEO of Canyon Resources Corp. (CAU: canyon resources corp com new)
(http://www.canyonresources.com) will be featured in an exclusive interview with http://www.wallst.net that is scheduled to take place on August 16, at 12 p.m. EDT. The interview will be posted on http://www.wallst.net by 8 p.m. EDT on August 16.
The interview will cover topics including Canyon Resources' market potential, growth initiatives, competitive edge, recent news, and milestones for investors to watch for.
To hear the interview in its entirety, visit http://www.wallst.net, and click on "Interviews." The interview can be accessed either by locating the company's ticker symbol under the appropriate exchange on the left-hand column of the "Interviews" section of the site, or by entering the company's ticker symbol in the Search Archive window once it is posted.
About Canyon Resources Corp.
Canyon Resources was formed in 1979 and has been a producing gold mining company since 1986. The Company is focusing on the development of the high grade Goldtooth underground structure at its Briggs Mine in California, as well as advancing the nearby Reward Project in Nevada. The Company also has a Uranium joint venture project located in Wyoming. In addition, Canyon has a strong pipeline of development, advanced stage exploration and grass roots properties in Nevada and Montana, to provide a basis for future growth.

GOLDEN, Colo., Aug 13, 2007 /PRNewswire-FirstCall via COMTEX/ -- Canyon Resources Corporation (CAU: canyon resources corp com new) , a Colorado-based mining company, is pleased to provide a summary of the unaudited results for the Company's second quarter ended June 30, 2007.
Financial Results
We ended the quarter with $5.3 million of unrestricted cash and short term investments. The short term investments of $0.5 million consist of auction rate certificates. Cash used in operations during the second quarter of 2007 amounted to $1.4 million and capital spending at the Briggs Mine totaled $0.1 million.

Aug 15, 2007 (Dow Jones Commodities News via Comtex) -- DOW JONES NEWSWIRES
Canyon Resources Corp. (CAU) said it isn't aware of any negative developments to account for the recent decline in and high trading volume of its shares in the past two days.
The Golden, Colo., mining company said in a conference call Tuesday that its future is "strong."
Canyon had no after-hours trading after dropping 12 cents, or 27.3%, to 32 cents in regular trading on more than 10 times its average daily volume. The company's shares fell 10% Tuesday.

* Canyon Resources 2Q Loss/Shr 3c Vs Loss 3c >CAU

* Canyon Resources 2Q Loss $1.36M Vs Loss $1.37M >CAU

(EDGAR Online via COMTEX) -- ITEM 2 MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS Overview of the Second Quarter 2007 and Future Outlook What did we spend cash on during the quarter? We ended the quarter with $5.3 million of unrestricted cash and short term investments. The short term investments of $0.5 million consist of auction rate certificates. Cash used in operations during the second quarter of 2007 amounted to $1.4 million and capital spending at the Briggs Mine totaled $0.1 million. Significant uses of cash from operations are summarized as follows: Selling, general and administrative spending amounted to approximately $0.9 million.
Includes holding costs at the Briggs Mine of $0.4 million.
Exploration and development spending amounted to $0.4 million including amounts capitalized.
Asset retirement obligation spending amounted to $0.1 million primarily for the Kendall Mine operations and continued leach pad dewatering at the Briggs Mine.
What are our results of operation?

DENVER, Aug 13, 2007 /PRNewswire-FirstCall via COMTEX/ -- Vista Gold Corp. (VGZ: vista gold corp com new) (TSX: morgan stanley sparqs 11%tlab) announced today that it has engaged SRK Consulting (US), Inc. to manage the preparation of a bankable feasibility study for its Paredones Amarillos Project in Baja California, Mexico. SRK is engaged to define the scope of work for the various consultants' studies, review and audit their work, undertake an economic analysis of the project, and compile and edit the final report. Fred Earnest, President and COO commented, "We believe that SRK's role in coordinating and reviewing the work of other qualified consultants will allow us to capitalize on the collective experience of many respected experts and will result in a quality feasibility study. We are pleased to have a company with SRK's technical expertise on our team."
In other news related to the Paredones Amarillos Project, Vista announced that Arturo Montano Munguia has been named as the Project Development Manager for the Paredones Amarillos Project. Mr. Montano is a Mexican national with over 30 years of mining industry experience with North American and Mexican mining companies. Mr. Earnest noted, "In the short time that Arturo has been part of our team, he has quickly assessed the current project status and begun laying the foundation for the execution of our development strategy for the Paredones Amarillos Project." Under Mr. Montano's direction, Vista has retained Corporacion Ambiental de Mexico, S.A. de C.V. ("CAM") to manage the environmental permitting activities for the Paredones Amarillos Project. CAM is a full-service environmental firm headquartered in Mexico City with experience in mining project permitting in Baja California.
Mike Richings, CEO of Vista stated that, "We believe these are key first steps taken by Vista toward the development of the Paredones Amarillos Project. During the coming months we plan to award contracts for detailed mine planning, process design, tailings impoundment design and other studies related to the feasibility design and evaluation process."
About Vista Gold Corp.
Since 2001, Vista has acquired a number of proven 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.

TORONTO, ONTARIO, Aug 14, 2007 (MARKET WIRE via COMTEX) -- IAMGOLD Corporation (CA:IMG: news, chart, profile) (IAG: iamgold corp com) (BOTSWANA: IAMGOLD) -
All amounts are expressed in US dollars, unless otherwise indicated.
SECOND QUARTER HIGHLIGHTS:
- Revenue was $167.3 million.
- Average gold realized price was $660 per ounce.
- Attributable gold production was 251,000 ounces.
- Gold Institute (GI) cash cost(i) of production was $408 per ounce.
- Operating cash flow was $14.1 million.
- An impairment charge at the Mupane mine totaled $93.7 million and results in a net loss for the second quarter of 2007 of $81.4 million or $0.28 per share. Excluding this non-cash charge, net earnings would have been $12.4 million or $0.04 per share.
- In June, the Company announced a revised resource estimate for the Westwood project which resulted in a 128% increase to the resource.
- Cash, short term deposits and gold bullion position as at June 30, 2007 was $189.5 million valuing gold bullion at market.
- Capital expenditures totaled $20.4 million.
- Corporate exploration expenditures were $14.3 million.
- In July, the Company initiated a $26 million expansion and optimization of its Rosebel milling operations to maintain throughput and improve efficiency.

SAN FRANCISCO (MarketWatch) -- Iamgold Corp. (IAG: iamgold corp com) (CA:IMG: iamgold corp com) shares fell 9% to $7.81 in Wednesday afternoon trading. Late Tuesday, the Toronto-based gold producer reported that it swung to a second-quarter net loss of $81.4 million, or 28 cents a share, from a year-ago net profit of $29.8 million, or 17 cents a share. Excluding an impairment charge at the Mupane mine of $93.7 million, the company posted a profit in the quarter ended June 30 of 4 cents a share. Revenue more than doubled, rising to $167.3 million from $72 million. Analysts polled by Thomson Financial, on average, were expecting the company to earn 6 cents a share.

SAN FRANCISCO (MarketWatch) -- Gold producers unwound their hedges against a drop in the price of gold at a faster pace in the second quarter, said a study released Monday by London consultancy Virtual Metals with Mitsui Global Precious Metals and Toronto's Haliburton Mineral Services. Gold producers took off 5.4 million ounces of hedges, the largest volume since removing 7.1 million ounces' worth in the second quarter of 2002, and the largest ever as a percent of total gold hedges. Newmont Mining Corp.'s (NEM:
Newmont Mining Corporation) removal of hedges led the way, as the Denver, Colo. producer cut its position by 2 million ounces, followed by reductions by Lihir Gold Ltd. (LIHR: lihir gold ltd sponsored adr) and AngloGold Ashanti (AU:
anglogold ashanti ltd sponsored adr) . Some analysts think dehedging supports gold prices. End of Story

Orezone Resources Inc.: Essakane Project Mining Permit Process Underway
Additional $15M commitment for project development

OTTAWA, ONTARIO, Aug 14, 2007 (MARKET WIRE via COMTEX) -- Orezone Resources Inc. (CA:OZN) (OZN: orezone res inc com) and Gold Fields Ltd (GFI: gold fields ltd new sponsored adr) (NYSE: JSE)(NYSE: DIFX) are pleased to announce that the Environmental and Socio-economic Impact Assessment (ESIA) report for the Essakane Project has been submitted to the Burkina Faso Minister of Environment. This starts a three month approval process of the environmental plan required for the award of a Mining Permit. The ESIA was developed by Knight Piesold (South Africa) and RePlan (Canada).
In addition, a budget of US$15.6 million was approved by Gold Fields on behalf of the project, to finance activities until the end of December 2007. During this period it is planned to: submit a Detailed Feasibility Study (DFS) to the Burkinabe authorities, complete a forty percent detailed engineering design of Essakane mine facilities and infrastructure, consult with affected Essakane communities on potential development of a mining project as well as establishing a Mining Convention with the government.
The Bankable Feasibility Study (BFS) undertaken by Gold Fields is being finalized, the results of which will be disclosed after review by Orezone. This is expected to occur within the next thirty days.
It is expected that a decision to commence development will be made before the end of the year when all the parameters, including the mining permit and Convention terms, as well as costs of the Essakane project, have been finalized.

VANCOUVER, BRITISH COLUMBIA, Aug 17, 2007 (MARKET WIRE via COMTEX) -- All figures in US dollars.
GOLDCORP INC. (CA:G) (GG: goldcorp inc new com) today reported that approximately $14 million of its $600 million in cash and cash equivalents is invested in a Canadian Asset-Backed Commercial Paper Fund, representing 2% of its overall cash and cash equivalent investments. The fund, whose liquidity lender is the Bank of Nova Scotia, is accorded the highest rating (R-1 (high)) available from the Dominion Bond Rating Service. The Company does not consider its investment in this fund at risk. All of the Company's cash and equivalents are invested in funds carrying the highest possible investment grade as determined by leading rating agencies.
Goldcorp is one of the world's lowest-cost and fastest growing multi-million ounce gold producers with operations throughout the Americas. Its gold production remains 100% unhedged.

LAS VEGAS, Aug 14, 2007 /PRNewswire-FirstCall via COMTEX/ -- Hemis Corporation (HMSO: hemis corp com) is an international resource company with three exploration properties in Mexico and one project in Alaska. Hemis' Santa Rita property in Mexico has an Earn-In Agreement with GoldCorp Inc. (GG: goldcorp inc new com) (CA:G) through GoldCorp's Mexican subsidiary, Glamis Exploration.
Hemis is pleased to announce additional assay results from the drilling program on its El Tigre gold exploration project in eastern Sonora, Mexico. The initial phase of diamond drilling was recently completed on this project and new assay results have been received for drill holes ELT-002 to ELT-005. The results for ELT-001 have already been reported.

...

Glamis Gold, the Canadian mining company that sought to build the California mine, learned that the hard way several years ago. After investing $15 million, the company watched Mr. Jackson tie up the project with regulators. It was finally killed when Gray Davis, then the governor of California, issued an emergency order.

Charles A. Jeannes, an executive at Glamis at the time, says the company tried to negotiate with Mr. Jackson. “We’d told them we’d discuss any number of kinds of compensation,” says Mr. Jeannes, now executive vice president of Goldcorp, which acquired Glamis in 2006. “But we never got specific because they made it clear they wouldn’t accept the mine.”

Mr. Jackson has a slightly different recollection. “They came and offered money, trucks and other things,” he says. “I told them I’m not going to take one penny, and to get out of my office.”

...

SAN FRANCISCO (MarketWatch) -- Goldcorp Inc. (GG: goldcorp inc new com) (CA:G: goldcorp inc new com) said Friday roughly $14 million of its $600 million in cash and cash equivalents is invested in a Canadian asset-backed commercial paper fund, representing 2% of its overall cash and cash equivalent investments. The Vancouver, B.C.-based gold producer said it does not consider its investment in the fund at risk.

Goldcorp: 2% of cash invested in commercial paper - MarketWatch

SAN FRANCISCO (MarketWatch) -- Soros Fund Management said Wednesday that during the second quarter it took new stakes in both sides of a thwarted aluminum merger, Freeport-McMoRan Copper & Gold, and oil giants including ConocoPhillips and ExxonMobil.

...

The Soros fund also revealed new stakes in a slew of other resource firms since its first-quarter filing.
It owns more than 407,000 shares in Phoenix copper producer Freeport McMoRan Copper & Gold Inc. (FCX: Freeport-McMoRan Copper & Gold Inc) ; 40,000 shares in Canadian gold miner Goldcorp (GG: goldcorp inc new com) ; and 15 million puts in Aluminum Corp. of China. (ACH:
aluminum corp china ltd spon adr h shs)

SAN FRANCISCO (MarketWatch) -- Gold producers unwound their hedges against a drop in the price of gold at a faster pace in the second quarter, said a study released Monday by London consultancy Virtual Metals with Mitsui Global Precious Metals and Toronto's Haliburton Mineral Services. Gold producers took off 5.4 million ounces of hedges, the largest volume since removing 7.1 million ounces' worth in the second quarter of 2002, and the largest ever as a percent of total gold hedges. Newmont Mining Corp.'s (NEM:
Newmont Mining Corporation) removal of hedges led the way, as the Denver, Colo. producer cut its position by 2 million ounces, followed by reductions by Lihir Gold Ltd. (LIHR: lihir gold ltd sponsored adr) and AngloGold Ashanti (AU:
anglogold ashanti ltd sponsored adr) . Some analysts think dehedging supports gold prices. End of Story

MONTREAL, Aug 16, 2007 (MARKET WIRE via COMTEX) -- Mountain Lake Resources Inc. (CA:MOA) and Richmont Mines Inc. (RIC: richmont mines inc com) (CA:RIC) announced today that diamond drilling began on August 6, 2007, on their Valentine Lake property, located in Central Newfoundland. Eleven (11) initial drill targets were identified based on previous geological and geochemical data as well as geophysical data collected through high-definition helicopter-borne spectrometric and magnetic VLF surveys completed in June 2007. Based on previous exploration work, the Valentine Lake property has total estimated mineral resources of 359,000 ounces of gold, as outlined in the National Instrument 43-101 compliant technical report dated January 2005. In the fall of 2006, InnovExplo Inc., an independent mining and exploration consulting firm, concluded that the main occurrences represent significant gold potential as well as illustrate targets for new discoveries....

MONTREAL, QUEBEC, Aug 16, 2007 (MARKET WIRE via COMTEX) -- Richmont Mines Inc. (CA:RIC) (RIC: richmont mines inc com) and Mountain Lake Resources Inc. (CA:MOA) announced today that diamond drilling began on August 6, 2007, on their Valentine Lake property, located in Central Newfoundland. Eleven (11) initial drill targets were identified based on previous geological and geochemical data as well as geophysical data collected through high-definition helicopter-borne spectrometric and magnetic VLF surveys completed in June 2007. Based on previous exploration work, the Valentine Lake property has total estimated mineral resources of 359,000 ounces of gold, as outlined in the National Instrument 43-101 compliant technical report dated January 2005. In the fall of 2006, InnovExplo Inc., an independent mining and exploration consulting firm, concluded that the main occurrences represent significant gold potential as well as illustrate targets for new discoveries.