News

Inco boasts record earnings…

Underground drilling by OntZinc (OTZ-V) at the Balmat zinc mine in upstate New York has confirmed extensions of known mineralization.

Following months of negotiations, Aber Diamond (ABZ-T) has agreed on terms with Harry Winston and acquired a 51% controlling interest in the renowned retail diamond jeweler.

Shares of Grand Central Silver Mines (GSLM-O) have doubled, tripled and quadrupled in recent months, following news that the company had found a “Carlin-type” gold deposit adjacent to the Bingham Canyon copper mine in Utah.

Tiomin Resources (TIO-T) has acquired a 3-acre parcel of land on the southern side of Mombasa Harbour in order to advance its Kwale titanium-sands project in Kenya.

Vancouver — Radius Exploraions (RDU-V) has acquired full ownership of the Tambor gold properties in central Guatemala from Gold Fields (GFI-N) in return for 1.3 million shares.

Peru will produce 5% more copper in 2004 than in 2003, or roughly 881,000 tonnes, worth an estimated US$1.2 billion. The prediction comes from the country’s National Society of Energy, Mining and Petroleum, based in Lima.

Antimony: Mid-mkt US$2,950/t.

Precious MetalsPrice (US$/oz.)Change…

Vancouver — Reconnaissance work at the Archangel project on Luzon Island in the Philippines has extended the gold-copper porphyry system in the South Lumbangan area.