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NovaGold Resources Receives Lifeline

The company’s stock had plunged when it announced in November that it wouldn’t have sufficient cash to meet obligations if it couldn’t raise additional funds by the end of 2008. It began 2008 at $8.85 per share and ended the year at $1.47.

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Melman on Gold & Silver


On a personal level, I have been part of the business, brokerage and financial columnist worlds for 45 years, since the mid-1960s, and in all those years, I have never seen a collection of negative news items similar to what has been published during the past month. In short, taken together they may very well be describing the end of the economic world systems as we know them.

Golden Age of Gold Dredges


Over one hundred years ago, gold mining in California saw a radically new method tried out in the major rivers of the Central Valley. Large gold dredges floated lazily but noisily on the waters, bringing up the rich gravel from deep below. With none of today’s environmental restrictions on such methods, the landscape was reworked into a maze of patterns along the rivers.

The Bawl Mill


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California: The Land of Big Nuggets—Part I


The nugget sat there in plain sight, though it was covered in dirt, while hundreds of people had passed that way every day.

California State Gold Panning Championship Results


The seventh annual California State Championships started off with a roar and it never ended until the champions were named at the end of the two-day event. The setting was perfect. The event was being held in the historic mining town of Foresthill, northeast of Sacramento.

Study: West Has Vast Oil Shale Reserves


The United States has an oil reserve at least three times that of Saudi Arabia locked in oil shale deposits beneath federal land in Colorado, Utah and Wyoming, according to a study released August 31.

Relocating A Historic Vein


Opportunities exist in both hardrock and placer. Production costs to operate a small placer mining project are a lot less than for a hardrock mine. Underground placers are a different story, but generally, recovering placer gold takes...

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