Insiders bask in hot resource sector
Recent insider trading transactions reported by the Ontario Securities Commission include the following:- Barrick Gold (ABX-T) — Brian Mulroney, director, exercised 237,500 options indirectly at $22….
Rio Narcea Gold Mines Ltd
Rio Narcea raises funds
Alberto Lavandeira-led Rio Narcea Gold Mines (RNG-T) has completed a private placement of 8 million special warrants priced at 80 each.Haywood Securities acted as agent for the placement and subscrib…
Record output for Rio Narcea
Rio Narcea Gold Mines (RNG-T) poured a record 124,363 oz. gold at an estimated cash cost of US$190 per oz. from its El Valle operation in Spain during 2001, and the company says it expects to produce …
Investment Commentary — Best bets for 2002
The Northern Miner asked five market watchers of the junior mining and exploration sector for their top picks and opinions for the year ahead. This week we talked with John Kaiser, publisher of the Ka…
Rio Narcea trims board (January 14, 2002)
An investment group has purchased 12.8 million shares of Rio Narcea Gold Mines (RNG-T) to nab a 19.8% equity stake in the company. The group includes Chairman Chris von Christierson.The shares, purcha…
Rio Narcea sees red in third quarter
Lower grades from a transition zone at the Boinas East pit in Spain hampered gold production for Rio Narcea Gold Mines (RNG-T) and forced the company to post a loss for the third quarter.The US$850,70…
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 …
Rio Narcea expands in Spain
Subject to final approval by Spanish authorities, Rio Narcea Gold Mines (RNG-T) has exercised an option to acquire the Aquablanca nickel-copper-platinum group metals project in that country’s Extremad…
Smaller top line throws Rio Narcea for a loss
The combination of a lower gold price and a production shortfall at the El Valle mine in northwestern Spain resulted in a US$4.8-million loss for Rio Narcea Gold Mines (RNG-T) in 2000.The loss include…
Rio Narcea keeps production steady
Lower head grades at its flagship El Valle open-pit mine in northwestern Spain have taken a bit of the edge off the production numbers of Rio Narcea Gold Mines (RNG-T).During 2000, Rio Narcea produced…
Gabriel exec cashes in warrants
Recent insider trading transactions reported by the Ontario Securities Commission in its OSC Bulletin include the following:- Copper Ridge Explorations (KRX-V) — Gerald Carlson, director, bought 3,50…
EXPLORATION ’99 – NEWS ROUNDUP — Barrick eyes El Valle deposit
Barrick Gold (ABX-T) and Rio Narcea Gold Mines (RNG-T) are discussing a possible joint venture at certain of the latter’s properties in Spain and Portugal.Among these is the El Valle open-pit project …