Newmont still volume leader
The New York Stock Exchange finished in positive territory over the report period Nov. 14-20, adding 150.43 points to close at 9,901.38.Like last week, the big newsmaker was Newmont Mining, which was …
BHP Billiton Canada Inc
Gayot reveals more mineralization (November 26, 2001)
Partners Virginia Gold Mines (VIA-T) and BHP Billiton (BHP-N) have discovered more polymetallic mineralization in Quebec’s Caniapiscau Reservoir area, northwest of Schefferville.Channel sampling yield…
Newmont bid stirs market
Newmont Mining shocked the gold mining world on Nov. 14 by launching a simultaneous, all-share takeover bid for Canada’s Franco-Nevada Mining and Australia’s Normandy Mining. The deal would create the…
BHP Billiton posts higher profit (November 12, 2001)
Vancouver — Strong prices for iron ore and increased coal sales in Asia propelled the world’s biggest mining company to a profit of US$608 million (or 10 per share) in the fiscal first quarter ended…
Aber to enter exclusive ranks of diamond producers
Lac de Gras, N.W.T. — Ten years after Charles Fipke’s milestone diamond discovery in the Northwest Territories, the only major Canadian player left in the wake of recent acquisitions and consolidatio…
Good quarter for Dia Met
Higher production from the Ekati diamond mine in the Northwest Territories and sharply lower interest expenses have meant a near-doubling in earnings for Dia Met Minerals (DMM-T).The company posted ne…
Ivanhoe delineates Discovery zone
Ongoing drilling by Ivanhoe Mines (IVN-T) has expanded gold-copper-molybdenum porphyry mineralization at the Turquoise Hill project in southern Mongolia.Final gold and copper assay results from diamon…
Ivanhoe expands Mongolian portfolio
Preliminary exploration results have prompted Ivanhoe Mines (IVN-T) to acquire four more copper-gold properties in Mongolia.The properties are in the mineral belt that hosts the Turquoise Hill porphyr…
Greenland drilling uncovers kimberlite dyke
Joint-venture partners Citation Resources (CUE-V), Cantex Mine Development (CD-V) and BHP Billiton (BHP-N) wrapped up a field season in western Greenland by testing seven targets with 1,000 met…
Santoy, Fairfield test copper-platinum-palladium play
Platinum and palladium are not typically associated with Mexico, but that hasn’t swayed Santoy Resources (SAN-V) and Fairfield Minerals (FFD-T) from searching for the metals at their Tropico project o…
Majescor aims drills at Wemindji
Vancouver — A series of financings has paved the way for Majescor Resources (MAJ-V) to ramp up exploration at two promising diamond properties in northern Quebec.The non-brokered private placements t…
Goldcorp options Confederation
A letter of intent paves the way for Goldcorp (G-T) to earn a majority interest in the Confederation project of Tri Origin Exploration (TOE-V).Situated in northwestern Ontario, the property covers 35 …