News

Metallica Resources (MR-T) has acquired Glamis Gold‘s (GLG-T) net smelter return royalty on the Cerro San Pedro heap-leach gold-silver project in central Mexico.

Early-stage reverse-circulation drilling by Patagonia Gold (PGD-L) at the Cerro Crespo property in Chubut province, Argentina, has intersected gold along a 200-metre-long vein.

Proceeds from a $6.5-million private placement will enable Minera Andes () to advance the Huevos Verdes gold-silver project in southern Argentina.

Vancouver-based Chesapeake Gold (CKG-V) has assembled a portfolio of 10 gold projects in Mexico, including ones in a new epithermal gold district.

Vancouver — Pacific Rim (PMU-V) plans to sell its Chilean unit that holds the Andacollo gold mine to Toronto-based MCK Mining ().

Following positive early sampling results, Goldeye Explorations (GGY-V) plans to open an exploration drift on the Sonia gold and silver prospect in central Chile.

Vancouver — Drilling by First Point Minerals (FPX-V) at the Rio Luna property in Nicaragua has intersected a stockwork zone of high-grade gold mineralization near the surface. The 2,000-metre, 15-hole program is testing the Bal…

Dublin-based Minmet intends to spin off its assets in the Dominican Republic for flotation on the TSX Venture Exchange via a reverse-takeover by Ontario-based Wellington Cove Explorations.

Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, April 6 (change from March 30 in brackets):…

CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)…

What a difference a year can make, especially for those involved in the mining and exploration business. In 2002, commodity prices were languishing and the treasuries of most companies were dwindling. These factors combined to stall exploration on…