News

News December 20, 2004

Richmont takes reins at Island Gold

Vancouver — A positive resource estimate has induced Richmont Mines (RIC-T) to acquire a majority interest in the Island Gold project in Ontario from Patricia Mining (PAT-V).

News December 20, 2004

Placer Dome sees higher costs in 2005 (December 20, 2004)

Vancouver — Placer Dome (PDG-T) predicts higher production costs for its gold and copper operations in 2005, owing to a weak U.S. dollar, and only a slight increase in metal production. However, strong gold and copper prices sh…

News December 20, 2004

CEO exits as OntZinc prices offering

The equity offering to finance OntZinc‘s (OTZ-V) purchase of Hudson Bay Mining & Smelting will raise up to $143.8 million, following agreements with a syndicate of seven investment houses.

News December 20, 2004

End of an era in BC

Nov. 30 was the last day to stake a mining claim in British Columbia. After January 2005, all mining properties will be acquired online via the Internet.

News December 20, 2004

Jeanette Lourim

Jeanette Lourim, principal of Toronto-based geological consulting firm Jeanette Lourim & Associates, has died as a result of complications from a long-term illness. She was 62.

News December 20, 2004

Messina cuts high grade at Boomerang in Newfoundland

Vancouver — Messina Minerals (MMI-V) has encountered massive sulphides on the Boomerang prospect, part of the South Tulks project in west-central Newfoundland.

News December 20, 2004

Miner shows ‘immaturity’

You have compromised your integrity and values following the irrational rant regarding the China conference in Beijing in mid-November (T.N.M., Dec. 3-9/04).

News December 20, 2004