Limousine Butte returns to Nevada Pacific
Vancouver — Junior Nevada Pacific Gold (NPG-V) has reacquired sole ownership of the Limousine Butte project in Nevada.The company picked up the remaining 50% interest it did not already own from Newm…
Newmont Mining Corporation
Newmont sees profits surge in 2002 (April 07, 2003)
Newmont Mining (NEW-N) improved its bottom line dramatically in 2002, thanks to rising gold prices and the inclusion of revenues gained though its February 2002 merger with Normandy Mining and Franco-…
Northern Miner Indices (April 07, 2003)
NORTH AMERICAN MINING INDEXCompanyTickerWeightBarrickABX-T19.5%CamecoCCO-T3.1%FalconbridgeFL-T4.0%Freeport BFCX.B-N5.7%Glamis GoldGLG-T3.3%GoldcorpG-T5.4%IncoN-T9.0%Meridian GoldMNG-T…
Mitsui buys into CVRD
The biggest global mining story of the report period was the complex deal involving Brazilian iron ore giant Cia Vale do Rio Doce’s (CVRD) and Japan’s no. 2 trading house, Mitsui.Mitsui winds up spend…
Sparton, Beaufield drill for Hemlo gold
Juniors Sparton Resources (YSP-V) and Beaufield Consolidated Resources (BFD-V) have begun drill-testing several gold targets in the Hemlo region of northern Ontario.At the recently acquired Qued proje…
Midway drills North prospect in Nevada
Vancouver — Drilling is enabling Midway Gold (MDW-V) to evaluate one of several targets at its project in Nevada’s Nye Cty.Initial prospecting at the target, known as North, identified mineralization…
Miners passed by in broad advance
The five trading days March 19-25 saw a modest advance by the U.S. stock markets, but gold and base metal equities were left out. Both major indices rose about 1%; the Dow Jones Industrial Average add…
Broad market sinks on fears of Iraqi quagmire
With the war in Iraq failing to shape up as the cake-walk many were predicting, the S&P-TSX composite index retreated 68.5 points to end the March 17-25 report period at 6,385.Gold performed about as …
Aquiline raises funds for Calcatreu in Argentina
An unsecured debt financing will provide Aquiline Resources (AQI-V) with enough funds to buy the Calcatreu gold project in Argentina.In late January, Aquiline agreed to pay US$2 million to Newmont Min…
Coeur sets records
Last year was a banner one for Coeur d’Alene Mines, as the company set records for silver and gold production. Silver output rose 36% to 14.8 million ounces, produced at a cash cost of $2.89 per oz., …
Midway sparks Tonopah revival (March 17, 2003)
Vancouver — Drill results from the Midway prospect have intensified interest in exploring for gold in Nevada’s Nye Cty.Midway Gold (MDW-V), previously known as Red Emerald Resource, holds the propert…
Higher gold price adds pizzazz to PDAC convention
Consolidation, sustainability, and the allure of the mysterious East: the 71st annual convention of the Prospectors & Developers Association of Canada (PDAC) did not want for themes.It seems gold is n…