Dow posts heavy losses
The Dow Industrials got pummeled during the report period ended March 7, falling 332.28 points, or 3.3%, to 9,796.03. It was the second time in two weeks the Dow had dipped below the 10,000 mark, as t…
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Meridian boosts reserves at El Peon
Reno, Nev.-based Meridian Gold (MDG-N) reports a 38% increase in gold reserves at the newly opened El Peon mine in northern Chile.The reserve figure now stands at 1.2 million oz. gold following drill…
Economic growth fuels inflation fears
Against a background of ever more positive economic data, base metal prices continue to disappoint. During the report period Feb. 21-25, aluminum and copper continued to trend downward; lead and zinc …
Open-pit reserves at Sigma-Lamaque swell to 1.6 million oz.
McWatters Mining (MCW-T) is finding there’s plenty of low-cost gold left at the venerable Sigma-Lamaque complex at the east end of this town.Thanks to last year’s $5-million exploration campaign at Si…
Gold Fields tackles costs at Driefontein
The Witwatersrand Basin of South Africa is home to some of the deepest and largest underground gold mines in the world, including Driefontein, which has produced more than 93 million oz. since operati…
Price rally spawns PGM commodity play
A sustained rally in platinum and palladium prices has rejuvenated exploration for these rare metals and breathed some life into the sickly junior mining sector.Platinum rocketed past $500 recently wh…
Majors hot for Ashanti’s stake in Geita project
Ashanti Goldfields’ (ASL-N) fire sale of a 50% joint-venture interest in its promising Geita mine project in the Lake Victoria Goldfields of northwestern Tanzania has attracted the attention of a half…
No Headline (March 05, 2000)
Diversity key to Southwestern Gold’s strategy
Southwestern Gold (SWG-T) has dealt itself an enviable hand in the resource sector. In addition to exploring for gold, silver and base metals in Peru, Chile and China, the Vancouver-based junior is hu…
Freewest eyes PGE showings in Nevada
A deal with Royal Standard Minerals (rsm-m) is enabling Freewest Resources Canada (FWR-M) to extend its search for platinum group elements (PGE) to southeastern Nevada.The Montreal-based junior alread…
Foreign prospects keep base metals sector vibrant
The improvement in copper prices over recent months could be a harbinger of things to come in the base metals sector. Nickel prices are fast approaching US$5 per lb. and even zinc has made a modest co…
Tenke Mining sets sights on Argentina
Following in the footsteps of its earlier successes in Argentina, the Lundin group, through Tenke Mining (TNK-T), is stepping up exploration of the Vicuna project.Situated in San Juan province, along …