Noranda closes El Pachon acquisition
Noranda (NRD-T) has completed its US$30-million purchase of the El Pachon copper deposit from equal owners Cambior (CBJ-T) and Bolivian-based Minera. The project is 185 km west of San Juan, Argentina….
Metallica Resources Inc
Noranda tables La Fortuna resource
Having inferred a sizable resource, Noranda (NRD-T) has decided to drill an additional 12,000 metres at the El Morro copper-gold project in north-central Chile.Resources in the La Fortuna zone are peg…
Benchmark sinks deeper but gold remains buoyant
Market pessimism is quickly changing from bad to worse, with sellers once again outpacing buyers on both sides of the border. The Toronto Stock Exchange 300 index lost 142.49 points over the Sept. 19-…
Noranda takes down placement in Metallica
Denver — As part of a revised joint-venture agreement for the El Morro copper project in northern Chile, Noranda (NRD-T) will buy US$1 million worth of shares in Metallica Resources (MR-T).Noranda wi…
Dow dips below 10,000 mark
Denver — Growing market pessimism pushed the Dow Jones industrial average below the 10,000 mark, down 224.54 points, or 2.2%, to 9997.49 points during the report period ended Sept. 4. The Nasdaq drop…
Metallica rated a speculative buy
The increase in the share price of Metallica Resources (MR-T) to a recent 52-week high of $1.30 (off a year-low of 18) coincides with the release of assay results from a second round of drilling by N…
Gold regains lost ground
Denver — The Dow Jones industrial average sunk 227.46 points, or 2%, to close at 10,948.38 for the report period ended June 12, while spot gold on the Comex division of the New York Mercantile Exchan…
Gold rally fizzles (sigh)
Gold bugs had little time to celebrate during the May 23-29 report period, as the mid-May gold rally quickly fizzled after a few exhilarating days. Coming off an earlier peak exceeding US$290 per oz.,…
Franco buys Metallica stake
Toronto-based Franco-Nevada Mining (FN-T) has acquired an additional 1.2 million shares of Metallica Resources (MR-T), boosting its equity stake to 3.4 million shares, or 12.76% of the Colorado-based …
Gold companies show signs of life after auction
Gold staged a bit of a rally during the May 9-15 report period, as the yellow metal climbed US$3.90 to trade at US$269.10 per oz. in London on the morning of May 16.Amid the price rise, the Bank of En…
Noranda hits more copper-gold at El Morro
Great results keep rolling in from the El Morro copper-gold project in north central Chile, where Noranda has been drilling as part of an earn-in agreement with owner Metallica Resources (MR-T).The la…
Partners cut more wide intervals at El Morro project
The latest holes on the El Morro copper-gold project in Chile have returned some long intervals of continuous mineralization for partners Noranda (NOR-T) and Metallica Resources (MR-T).Recent drilling…