Drilling program tests South Legris property
Vancouver — Partners Canadian Golden Dragon Resources (CGG-V) and Platinum Group Metals (PTG-V) have pulled more platinum-palladium values from the Vande intrusive complex on the South Legris propert…
Platinum Group Metals Ltd
Rio Narcea slips back into red (September 03, 2001)
Unable to maintain the record-setting production rate attained in the first quarter, Rio Narcea Gold Mines (RNG-T) incurred a net loss of US$474,500 (or 0.07 per share) during the three months ended …
A black name for Black Rock
The mother of all recent Arizona “desert dirt” plays was the project of International Precious Metals (IPM), 90 miles west of Phoenix.IPM started as a small-scale explorer of platinum, with shares tra…
Western market loses ground
Vancouver — Canada’s junior exchange posted losses on all indices during the report period ended Aug. 14. The Canadian Venture Exchange composite index lost 17.65 points, or 0.6%, to close at 3,080.6…
Program tests Agnew Lake
South African major Anglo American Platinum has approved a $1.2-million budget for the Agnew Lake platinum group metals project in the Sudbury region of Ontario.Agnew Lake is owned by New Millennium M…
High PGM prices are here to stay
Robust prices can mask a multitude of sins, though not for long in mining, the most cyclical of all major industries. Producers of platinum group metals (PGMs) seem relatively immune to the old adage,…
Precious metals get trading site
A consortium of mining companies, refiners and industrial users of gold, silver and platinum group metals will form an Internet-based precious metals marketplace.The site, to be known as Electronic Pr…
US becoming reliant on imported minerals
The U.S. Geological Survey (USGS) has long been an anomaly in the Department of the Interior, particularly in the bad old days when Bruce Babbitt ruled the department with a mean green fist. The notio…
Vannessa bucks downward trend
Gripped by the summer doldrums, the Canadian Venture Exchange composite index dropped 31.58 points, or 1%, to finish the report period ended July 24 at 3,073.7. The mining index remained relatively un…
Rio Tinto ups SouthernEra stake (July 30, 2001)
London-based mining giant Rio Tinto (RTP-N) has agreed to up its stake in Toronto-based SouthernEra Resources (SUF-T) via a private placement of 2.5 million SouthernEra shares at $3.75 apiece.The move…
Expo-Ungava yields more PGMs
Having taken another look at some assay pulps from four holes collared by a previous operator on the Expo-Ungava copper-nickel deposit in 1997, Canadian Royalties (CZZ-V) is reporting more platinum an…
Placer Dome shuffles off Las Cristinas to Vannessa
While gold prices sat in a listless, US$265-per-oz. funk during the July 11-17 report period, there was a flurry of news from Canada’s biggest gold miners.Placer Dome announced an eleventh-hour deal t…