Arctic resources snowball (August 12, 2002)
Drilling by South Africa’s Gold Fields (gfi-n) and Finnish-based Outokumpu has boosted the resource estimate at the partners’ Arctic Platinum Partnership project in northern Finland.Based on an additi…
News
Newmont rises with strong quarter
Newmont Mining turned in its first quarterly report since its mega-merger with Franco-Nevada Mining and Normandy Mining, and the results augur well for the company’s future. The company, now the world…
China using more nickel
Nickel has shown remarkable resilience during the previous three years of world economic slowdown and recession, buoyed mostly by increased stainless steel production in China, according to the Econom…
Placer extends bid
With about 21% of AurionGold’s shares tendered to its cash-sweetened bid late on Aug. 6, unrequited suitor Placer Dome (PDG-T) surprised no one and extended its offer for the Aussie gold miner by nine…
Iamgold retires Sadiola debt, sees earnings slip
Junior producer Iamgold (IMG-T) is eyeing “significantly” higher cash flow now that all remaining debt relating to the Sadiola mine in western Mali has been retired.In mid-May, a US$31.5-million payme…
Trading Summary (August 09, 2002)
Toronto stocks finished higher on Friday with advancers leading decliners 564 to 408. A rally in the gold sector co…
Aurizon posts loss on improved production
Despite higher gold production and realized prices for the yellow metal, Aurizon Mines (ARZ-T) posted a net loss of…
Diagem recovers 888 diamonds from property 108
The latest 120-cubic-metre bulk sample derived from test pit no. 7 on Diagem International’s (DGM-V) property 108 h…
Waning Bulawan widens loss
With the decommissioning of the Bulawan gold mine on the island of Negros in the Philippines, in early May, Philex…
Tournigan eyes Meridian’s Mercedes
Vancouver’s Tournigan Ventures (TVC-V) has inked a letter agreement paving the way for the company to acquire up to…
Kemess reduces hedge position and posts loss
Vancouver — After closing out a large portion of its hedge positionNorthgate Exploration (NGX-T) took a one-time U…
Verena eyes Russian gold (August 08, 2002)
Venturing out from the cozy confines of Brazil, Toronto-based Verena Minerals (YVM-V) has inked an option deal to a…