Inco to redeem preferreds, debentures
Inco (N-T) will spend US$665 million in order to redeem, on May 1, all its outstanding 5.5% convertible Series E preferred shares, plus all of its outstanding 5.75% convertible debentures due in 2004….
News
Miramar advances Hope Bay development
Vancouver — As the venerable Con and Giant gold mines, near Yellowkife, N.W.T., inch their way toward depletion, owner Miramar Mining (MAE-T) is turning its attention to the Hope Bay gold project in …
Harmony digs deep at Elandsrand
Johannesburg, South Africa — This country’s third-largest gold producer, Harmony Gold Mining (HMY-N), has embarked on a shaft-deepening project at its Elandsrand mine in the famed Witwatersrand Basin…
PCS issues profit warning (April 07, 2003)
Potash Corp. of Saskatchewan (POT-T) has fallen short of its first-quarter earnings estimate of US25 per share.The world’s biggest fertilizer maker says the main problem is the strengthening Canadian…
McWatters eyes $25m for Val d’Or deals
McWatters Mining (MWA-T) has agreed to sell 125 million shares for 20 apiece to a syndicate of underwriters led by National Bank Financial. The deal will raise $25 million in proceeds.McWatters will …
MuchBudget: a vote or a video?
“By Levying Money for and to the Use of the Crowne by pretence of Prerogative for other time and in other manner than the same was granted by Parlyament . . . utterly and directly contrary to the know…
Northern Dynasty boosts Pebble resource
Vancouver — An independent resource estimate tabled by Northern Dynasty Minerals (NDM-V) has enhanced the economic potential of the Pebble gold-copper-molybdenum project in southwestern Alaska.The st…
Meridian slams brakes at Argentine project (April 07, 2003)
Following a non-binding referendum in which the citizens of Esquel, Argentina, voted overwhelmingly against development of the Esquel gold project, Meridian Gold (MNG-T) has suspended plans to build a…
Forty Years Ago – April 1963
Falco has record earningsLargely because of additional investment income as a result of the merger with Ventures, the devaluation of the Canadian dollar, and lower writeoffs, Falconbridge Nickel Mines…
Crystallex tallies Las Cristinas reserves (April 07, 2003)
Vancouver — Crystallex International (KRY-T) has tabled a new reserve estimate for the long-stalled Las Cristinas gold project in southeastern Venezuela.An independent study by Reno, Nev.-based Mine …
Inmet ups reserve at Troilus (April 07, 2003)
Additional drilling and re-assessment of the operating conditions at the Troilus gold mine in north-central Quebec have extended the life of the mine a further four years, says owner Inmet Mining (IMN…
Most Montanans don’t support I-137: poll
Fifty-eight per cent of Montana voters would support efforts to modify or overturn I-137, the law passed in 1998 that bans the use of cyanide in open-pit gold and silver mining, according to a poll fi…