South Atlantic eyes Swedish IOCG
A new copper-gold discovery has prompted South Atlantic Ventures (SAA-V) to increase the size of its exploration portfolio in Sweden’s Kiruna mining district.The Kiruna region is famous for the huge a…
BHP Billiton Canada Inc
El Peon lifts Meridian
Earnings season kicked off with Meridian Gold reporting a third-quarter net profit of US$7.9 million (or US8 per share), powered by a continued stellar performance by the El Peon high-grade undergro…
Peru Copper Syndicate eyes low-cost leaching
Vancouver — Catherine McLeod-Seltzer and David Lowell, who, a year ago, re-united to search for gold-silver deposits under the banner of Bear Creek Mining (BCM-V), are turning their attention to the …
Metals Commentary: Nickel strong as copper improves
CopperAs demand indicators are improving, the focus is shifting more towards copper’s supply side and the potential for restart of idled capacity as prices rise.In contrast to the other base metal mar…
Wheaton River cashes-up
Looking to continue its recent shopping spree, Wheaton River Minerals (WRM-T) has arranged its second $100-million equity financing in a month by lining up a group of underwriters led by Griffiths McB…
Far West banks on Chilean results
Proceeds from a private placement are enabling Far West Mining (FWM-V) to resume its search for iron-oxide copper-gold deposits in the prospective Candelaria belt of northern Chile.In late July, Far W…
Copper miners eye higher prices (September 29, 2003)
Vancouver — After years of cutting back production because of low prices, the world’s largest copper miners are optimistic the market for the red metal will improve in 2004.Phelps Dodge (PD-N) expect…
Shear, Stornoway add to Churchill discoveries
A second round of drilling on the Churchill diamond project, near Rankin Inlet in Nunavut, has resulted in the discovery of four new kimberlite bodies, bringing the total number of kimberlites found s…
Wheaton River takes out Miranda (September 15, 2003)
Vancouver — Wheaton River Minerals (WRM-T) is continuing its strategy of growth through acquisition by inking deals with Teck Cominco (TEK-T) and Miranda Mining (MRM-V) to acquire the Los Filo…
Noranda tackles its enormous debt
Having spent the last two years fine-tuning its operations, Noranda (NRD-T) has begun trimming its debt-loaded balance sheet.In 2002, Noranda saw its total consolidated debt (excluding short-term bank…
First Quantum scrapes by in Q2
Tax credits enabled First Quantum Minerals (FM-T) to overcome a net operating loss and record a small profit for the second quarter.Net earnings totalled US$64,000 in the three months ended June 30, c…
BHP tallies higher profit
Vancouver — Despite a drop in sales, BHP Billiton (BHP-N) saw profits rise to US$1.9 billion, or US31 per share, in the fiscal year ended June 30, 2003.This marks a significant increase from the US$…