Summit leads to workplace policy on AIDS
Among the results of the recent Mining Industry HIV/AIDS Summit near Johannesburg is a resolution that all workplaces in South Africa institute sound policies and programs to deal with AIDS by next ye…
News
NovaGold spins off assets
Vancouver — NovaGold Resources (NRI-T) and Viceroy Resource (VOY-T) have formed an company to explore for gold in the Yukon and British Columbia.Dubbed SpectrumGold, the company will hold all of Nova…
San Sebastian powers Hecla Mining
With gold and silver prices on the rise, and mining costs on the slide, Hecla Mining (HL-N) ventured further into the black during the first three months of 2003.The Idaho-based miner made US$6.7 mill…
Falco extends Kidd grounding
With the zinc market showing no signs of recovery, Falconbridge (FL-T) is extending by a month the previously planned 9-week shutdown of refining operations at its Kidd metallurgical site in Timmins, …
Newmont inks deal with Andean (May 12, 2003)
Vancouver — Newmont Mining (NEM-N) has signed a letter of intent with Andean American Mining (AAG-V) to earn up to a 60% interest in the junior’s Santa Rosa gold-silver property in Peru.The agreement…
Broad market stages rally
Fueled in part by gains in the gold and base metal sectors, the Toronto Stock Exchange rocketed 148.32 points over the April 30-May 6 report to land at 6,693.71.By the period’s end, the gold group had…
Diamonds, gold add glitter to junior exchange
Vancouver — Canada’s junior exchange rallied during the week ended May 6. The S&P-TSX Venture Exchange composite index tacked on 25.05 points, or 2.4% of its value, to close at 1,055.74.Shares of Spi…
Canadian Stock Exchange Indices (May 12, 2003)
DateMay 6May 5May 2May 1April 30HighLowTSX Composite6693.716659.676618.116569.31…
Ashanti joins Afcan in Sierra Leone
Already partnered at the Kalako permit, 3 km east of Kalana in nearby Mali, Ashanti Goldfields (ASL-N) and Montreal-based Afcan Mining (AFK-V) have inked a deal that could see the former acquire an 80…
Golden Star rakes in record Q1 revenues
Record production from the Prestea open-pit gold mine in Ghana, and significantly better gold prices, let Golden Star Resources (GSC-T) set records for first-quarter revenues and earnings.In the three…
PNWC proves up River Valley deposit
Vancouver — Pacific North West Capital (PFN-V) has tabled encouraging results for nine holes drilled in the sixth-phase program under way at the River Valley platinum group metal property, 60 km nort…
BC Chamber hosts golf tournament
The British Columbia & Yukon Chamber of Mines will hold a golf tournament at the Mayfair Lakes Golf and Country Club in Richmond, B.C., on May 13.Players of various skill levels will participate in a …