Cameco radiating profitable glow
After the dark days of the early 1990s, Saskatoon-based miner Cameco (CCO-T) is basking in the glow of a greatly improved market for its principal product.The company reported net earnings of $106 mil…
News
NEWS ROUNDUP — Manhattan acquires Peruvian ground
Manhattan Minerals (MAN-T) is acquiring a 100,100-ha land package in northern Peru.The new concessions, known collectively as the Lacones project, adjoin the Tambo Grande massive sulphide project to t…
NEWS ROUNDUP — Teck, Mansfield drill Cerro Samenta
Satisfied with the title to the Cerro Samenta copper porphyry property in the Argentine province of Salta, partners Teck (TEK-T) and Mansfield Minerals (MDR-V) have signed a drilling contract for 10 h…
NEWS ROUNDUP — Goldcorp tries again for Wharf
Ten months after withdrawing a merger proposal, Goldcorp (G.A-T) has made another offer to acquire the rest of Wharf Resources (WFR-T), operator of the Wharf and Golden Reward heap-leach gold mines in…
Rayrock to expand mines in Nevada
Toronto-based Rayrock Yellowknife Mines (RAY-T) plans to expand two of its gold mines in Nevada.The expansions at Dee and Marigold, combined with the start of production at its 35%-owned Daisy mine, a…
Freeport, RTZ-CRA ink JV deal in Irian Jaya
RTZ-CRA (RTZ-N) has gained a foothold in the Block A gold operations of Freeport-McMoRan Copper & Gold (FCX-N) in Irian Jaya, Indonesia.The deal calls for the former to acquire a 40% interest in produ…
EDITORIAL PAGE — Exporting expertise
October is “Export Month” in Canada, and this year, companies supplying goods and services to their traditional customers in the mining sector have much to celebrate.Canadian mining companies are busy…
THE DIAMOND PAGE — Ocean Diamond lands new listing on CDN
The shares of South African-based Ocean Diamond Mining (ODM) are now being traded on the Canadian Dealing Network under the symbol OCND.Since its formation in late 1983, the company has mined diamonds…
Eastmain drilling at Clearwater
Eastmain Resources (ESTR-C) and the Quebec Crown corporation Soquem have resumed drilling at the Clearwater project in the Eastmain River greenstone belt in northwestern Quebec.The drilling is intende…
More juniors crowd Lac Volant
A large number of junior companies, most of them Quebec-based, have tied up ground in the Lac Volant area, which was recently reopened by the Quebec government for staking.The area was withdrawn from …
ProAm explores target near Winnipeg
Junior ProAm Explorations (PMX-V) will test a large, aeromagnetic anomaly near Winnipeg, Man., for platinum, palladium, nickel and copper.ProAm describes the 24-by-11-km aeromagnetic signature as “typ…
Drilling opens up Las Brisas
Stepout drilling by Gold Reserve (GLR-T) in the Kilometre 88 region of Venezuela continues to encounter gold mineralization. As a result, the company is opening up for future exploration an area west …