Metallica tops up treasury (March 17, 2003)
Metallica Resources (MR-T) has closed a $15-million private placement to help fund its purchase of the half-stake in the Cerro San Pedro gold deposit that it does not already own.The company agreed to…
Metallica Resources Inc
Alcoa to upgrade Baie-Comeau
Pittsburgh, Pa.-based Alcoa (AA-N) intends to spend $1 billion upgrading its smelter in Baie-Comeau, Que., to begin in late 2003.Under a deal with the Quebec government, the aluminum giant will invest…
Placer Dome falls as it extends for Australian producer
With help from resource stocks, the Toronto Stock Exchange Composite index climbed 90.72 points over the Sept. 4-10 report period to end the week at 6,544.22.Bolstered by higher bullion prices, the go…
San Martin guides Glamis to profitablity
Led by a strong operational performance at its wholly owned San Martin mine in Honduras, Glamis Gold (GLG-T) turned in some solid numbers for the second quarter of 2002.Gold production from its three …
Benchmark lowered, resource stocks end mixed
The Toronto Stock Exchange S&P/TSX composite index shed 71.29 points over the June 12-18 trading period to finish at 7,327.54.Gold rose US$2.30 in overseas trading to settle at a London morning fix of…
El Sauzal poised to benefit from Glamis-Francisco merger
The proposed merger between Francisco Gold (FGX-V) and Glamis Gold (GLG-T), now set for mid-June, will provide the latter with some promising development projects.Under the binding offer, which has be…
Hedge trimmers lead the way
In the first five days of trading under its new moniker, the S&P/TSX composite index shed 85.93 points, or more than 1%, coming to rest at 7,561.37 on May 7.Inspired by a run up to US$312 per oz. on t…
Financings top up juniors’ treasuries
Vancouver — With investor interest in gold and base metal stocks picking up, several juniors are adding much-needed funds to their coffers by issuing shares.In an effort to speed up development of th…
El Morro appraisal favourable
An independent scoping study on the La Fortuna copper-gold deposit in north-central Chile has come back positive for partners Metallica Resources (MR-T) and Noranda Resources (NRD-T).Noranda, which ca…
Grassroots mineral exploration withered in past year
In 2001, metal prices fell to some of the worst levels ever, so junior explorers can be forgiven if virtually the only thing they developed in 2001 was the blues.New venture capital all but dried up, …
New targets at El Morro
Remote-sensing, combined with magnetic and induced-polarization surveys, has identified several targets at the El Morro copper-gold prospect in northern Chile, where Noranda (NRD-T) is earning a 70% i…
Noranda slips into the red
The ongoing slump in metal prices pushed Noranda (NRD-T) $60 million into the red during the third quarter as revenue slipped to $1.46 billion.The loss, which translates into 27 per share, compares w…