Rio Narcea gets nod at Aguablanca
Rio Narcea Gold Mines (RNG-T) is stepping up construction at its Aguablanca nickel-copper-PGM project in southwestern Spain following governmental approval of the environmental impact assessment.Capit…
Rio Narcea Gold Mines Ltd
Record output powers Rio Narcea turnaround
Buoyed by record gold production from its El Valle mine in Spain, Rio Narcea Gold Mines (RNG-T) staged an impressive turnaround in 2002, earning US$9.7 million.The earnings translate into US13 per sh…
Projected costs rise for Gabriel’s Rosia Montana
Investors in Gabriel Resources (GBU-T) received a rude shock in late February as the company announced a US$181-million rise in projected costs for its 80%-owned Rosia Montana gold project in Romania….
Rio Narcea lines up Glencore at Aguablanca
One month after arranging a US$61-million financing, Rio Narcea Gold Mines (RNG-T) has signed a long-term offtake agreement with Swiss commodity trader Glencore International for concentrate from the …
Rio Narcea joins Outokumpu in Spain (December 30, 2002)
Rio Narcea Gold Mines (RNG-T) has agreed to a phased earn-in at Finnish-based Outokumpu’s Lugo properties in northern Spain.Rio Narcea can earn an initial half-stake in the project by spending US$1.5 …
Higher output boosts Rio Narcea’s quarter
Rio Narcea Gold Mines (RNG-T) has posted a higher profit in the third quarter, thanks to increased gold production and an improvement in realized gold prices.Earnings totalled US$2.4 million (or 3 pe…
Rio Narcea picks up new zone at El Valle (November 11, 2002)
Exploration drilling by Rio Narcea Gold Mines (RNG-T) in the main pit at the El Valle gold mine in the Asturia region of northwestern Spain has intersected a new zone of gold mineralization at depth, …
MacDonald exec takes a loss
Recent insider trading transactions reported by the Ontario Securities Commission include the following:n Aur Resources (AUR-T) — Jorge Carey, director, bought 44,500 shares indirectly at US$2.15 or …
Record output lifts Rio Narcea
Rio Narcea Gold Mines (RNG-T) produced a record 61,674 oz. gold at its El Valle mine in Spain during the three months ended June 30, as it mined higher grades in the Charnela zone.Cash costs rang in a…
Rio Narcea bullish at Aguablanca (August 19, 2002)
Having completed a bankable feasibility study of its advanced Aguablanca nickel-copper project in southern Spain, Rio Narcea Gold Mines (RNG-T) is awarding engineering contracts and arranging project …
Rio Narcea trims debt (July 15, 2002)
Junior Rio Narcea Gold Mines (RNG-T) has taken a step towards financial freedom by repaying a multi-million-dollar credit facility with Deutsche Bank.The repayment, which comes three years earlier tha…
Rio Narcea ups production forecast
Rio Narcea Gold Mines (RNG-T) pumped out 29,336 oz. gold at its El Valle mine in May — more than twice the previous monthly production record for the Spanish operation.The company says the pace shoul…