Golds power US market
With gold prices firming up well above the US$300-per-oz. mark, investors in U.S.-traded gold stocks enjoyed another week of strong gains.Gold Fields shot up $1.70 to US$13.80 on heavy volume as the S…
BHP Billiton
Mid-tier benefits
At a time when major money managers are telling BHP Billiton they are not big enough, Teck Cominco is positioning itself as a mid-tier company that practises capital and production supply discipline.T…
Minotaur cuts high grades
Vancouver — Junior Minotaur Resources has tabled impressive results from the Prominent Hill prospect at the Mt. Woods joint venture in southern Australia.Hole 5 was drilled 200 metres east of hole 3 …
Golds up in U.S.
With gold trading once again above US$300 per oz., the U.S.-listed majors turned in a strong performance over the report period ended April 23.Newmont Mining advanced 99 to US$29.24; AngloGold rose $…
CDNX gains on moderate volume
Canada’s junior exchange moved higher on moderate volume over the week ended April 23. The Standard & Poor’s-CDNX composite index tacked on 8.91 points, or 0.7%, to close at 1,164.08.Goldminco topped …
Escondida sees short fall
Vancouver — Between March 2001 and March 2002, copper output from Chile’s Escondida mine fell 24%, to 58,602 tonnes. Some 45,841 tonnes of concentrates and 12,761 tonnes of cathodes were produced las…
BHP Billiton comes up empty at Royce
Using its proprietary Falcon airborne gravity system to pinpoint potential kimberlite targets on the Royce Group of claims in the Northwest Territories, BHP Billiton (BHP-N) failed to intersect kimber…
Newmont to redeem preferreds
Newmont Mining advanced $1.58 to US$28.19 over the report period ended April 16 as it called for the redemption (in mid-May) of all the issued and outstanding shares of its US$3.35 covertible preferre…
Ashton finds third kimberlitic body in Otish Mountains
A new kimberlite belt is emerging in the Otish Mountains region of north-central Quebec, as demonstrated by the discovery of a third kimberlitic body by partners Ashton Mining of Canada (ACA-T) and So…
Producers rise with gold price
The Dow Jones Industrial Average shed 3.8% to finish the March 27-April 2 report period at 10,313.71 points, while the Standard & Poor’s 500 shed 1.5% to end at 1,136.76 points.Gold shot past US$300 p…
Prominent Hill’s centre proves barren
Only months after reporting a copper-gold intercept that rivaled the Olympic Dam discovery holes a quarter-century ago, Minotaur Resources has received mixed results from follow-up drilling on the Pro…
BHP Billiton gives MAC the nod (April 08, 2002)
BHP Billiton (BHP-N) has approved a US$564-million plan to develop an iron ore mine at its 85%-owned Mining Area C and expand its Port Hedland port-rail facilities. Both sites are in Western Australia…