Mag drills in Zecatecas state
Vancouver — Mag Silver (MAG-V), formerly Mega Capital Investments, will perform 3,500 metres of drilling on the Juanicipio silver project in Mexico’s Zecatecas state.The newly minted junior is target…
News
Falco boosts earnings in first quarter
Stronger metal prices and sales volumes pushed Falconbridge (FL-T) to a higher perch during the first quarter.Net earnings topped $60.5 million (or 32 per share) in the three months ended March 31 as…
Agnico-Eagle buys out Breakwater at Lapa (May 05, 2003)
Hungry to expand beyond its single LaRonde gold mine in northwestern Quebec, Agnico-Eagle Mines (AGE-T) has struck a deal to acquire Breakwater Resources’ (BWR-T) interest in the Lapa high-grade gold …
Now for a cultural change
It was fully a year ago that we were writing about the New York Attorney General’s investigation into investment research at several major U.S. brokerage houses. New York State prosecutors had gone th…
Gold Fields extends AIDS program
Johannesburg-based Gold Fields is extending its medical program to include highly active antiretroviral therapy (HAART) as a treatment option for employees with acquired immune deficiency syndrome (AI…
Hushovd strengthens grip on Gabriel
In the wake of a tumultuous past few months for Gabriel Resources (GBU-T), characterized by a plummeting share price, management turnover, and a surprising rise in projected costs for its Rosia Montan…
Stillwater awaits OK for Norilsk deal
Vancouver — Timing is crucial in the ever-volatile metals market, and this lesson is not lost on Stillwater Mining (SWC-N).Less than two years ago, when the price of palladium was soaring, the compan…
Crown pulls high grades at Buckhorn (May 05, 2003)
Assays on core samples from the Buckhorn Mountain property in north-central Washington, held by Crown Resources (CRCE-O), indicate high gold grades over significant widths.Crown drilled 41 holes betwe…
Inmet takes over Teck’s Cerattepe project
A deal between the Turkish subsidiaries of two Canadian mining companies will give Inmet Mining (IMN-T) control of the Cerattepe copper and gold deposit, near Artvin in northeastern Turkey.Under the d…
SA Chamber criticizes bill
The possible effects of the proposed Royalty Bill released by South Africa’s National Treasury will not be good for the economy or the mining industry. In the coming weeks the chamber will submit to t…
Crew adds olivine to portfolio
Vancouver — Just as it is preparing to build the Nalunaq gold mine in southern Greenland, Crew Development (CRU-T) has acquired a deposit of olivine in the same region.The deposit, known as Seqi, con…
Daily Metal Prices (May 05, 2003)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateApril 29April 28April 25April 24April 23Al Alloy137…