News

No thanks to resource issues, the S&P-TSX composite index slipped 35.47 points over the Jan. 21-27 report period, finishing the week at 8,588.15.Precious metals had a generally bad week, and so it was…

Vancouver — Endeavour Gold () has inked a deal to acquire a full interest in the producing Santa Cruz silver-gold mine and Guanacevi mineral processing plant in Mexico’s Durango state.The company can…

Aquiline Resources () is receiving encouraging drill results from the Calcatreu gold-silver project in Argentina’s Rio Negro province.The latest batch of nine angled (minus 55) holes collared on the …

Shares in marine diamond miner Diamond Fields International (DFI-T) dove 15, or 25%, to 45 in early trading in Toronto on Jan. 26 after the company said it had suspended mining operations off the co…

The government of Mauritania has granted Defiance Mining (DM-T) an exploitation permit for its Tasiast gold project, east of the port of Nouadhibou.The permit is for 312 sq. km surrounding the Tasiast…

Vancouver — Alamos Gold (AMI-V) has released a new resource estimate for the Mulatos deposit in Mexico.Based on a cutoff grade of 0.2 gram gold per tonne, the measured and indicated resource now stan…

Increased earnings from its gold business helped Cameco () boost fourth-quarter earnings by 36% despite flat revenues.During the three months ended Dec. 31, 2003, Cameco earned $30 million (or 53 per…

Vancouver — Pacific Minerals (PMZ-V) has tabled a new, independent estimate of the gold resource at the 217 open-pit project in Inner Mongolia.The estimate, prepared by Westervelt Engineering of Vanc…

Revised resource and preliminary reserve estimates for the Chapada copper-gold project in Brazil’s Goias state will provide the basis for a new feasibility study planned by Yamana Gold (YRI-T).The rev…

Alcan — Michael Hanely appointed president and CEO of Alcan Bauxite and Alumina; Michel Jacques appointed president and CEO of Alcan engineered products; Christel Bories appointed president and CEO o…

A US$4-per-oz. rise by gold helped Toronto’s gold stocks regain 3.67 points to end Friday’s trading session at 203.

With some 21,000 metres of diamond drilling under its belt form 2003, Cumberland Resources (CBD-T) has boosted meas…