Wheaton River cashes-up
Looking to continue its recent shopping spree, Wheaton River Minerals (WRM-T) has arranged its second $100-million equity financing in a month by lining up a group of underwriters led by Griffiths McB…
Rio Tinto plc
Ivanhoe hits high grade at depth
Vancouver — The latest drill results from the Turquoise Hill copper-gold project have enhanced the prospects of mining the massive orebody that lies deep underneath the South Gobi Desert in Mongolia….
Diavik powers Aber’s earnings
As the newly constructed Diavik diamond mine continues to ramp-up, Aber Diamond (ABZ-T) sold US$19.2 million worth of rough gems over the 6-month period ended July 31, 2003, resulting in net earnings …
Copper miners eye higher prices (September 29, 2003)
Vancouver — After years of cutting back production because of low prices, the world’s largest copper miners are optimistic the market for the red metal will improve in 2004.Phelps Dodge (PD-N) expect…
US gold producers hit
A sharp drop in gold prices dragged most southern producers to lower levels during the report period ended Sept. 16.Newmont Mining, the world’s largest producer of the yellow metal, lost US0.74, or 1…
Wheaton River takes out Miranda (September 15, 2003)
Vancouver — Wheaton River Minerals (WRM-T) is continuing its strategy of growth through acquisition by inking deals with Teck Cominco (TEK-T) and Miranda Mining (MRM-V) to acquire the Los Filo…
Outokumpu swaps assets with Boliden
An asset-swap deal between Scandinavian metal producers Outokumpu of Finland and Boliden (BLS-T) of Sweden will move almost all Outokumpu’s remaining mining assets to Boliden.The exchange will give Ou…
SpectrumGold picks up Galore Creek
Vancouver — SpectrumGold has inked a deal with mining giants Rio Tinto (RTP-N) and Anglo American (AAUK-Q) to buy the Galore Creek gold-silver-copper deposit in northwestern British Columbia.
US traders eye producers
The Aug. 13-19 report period was a good time to be a metal producer south of the border, with gold, copper and diversified miners all moving ahead.Among the more notable issues in the gold sector was …
Diamonds deliver for London’s Rio Tinto
The diamond group of Rio Tinto (RTP-N) performed strongly in the first half of 2003, driven by higher prices and the selloff from inventories that had built up at the Argyle operation in the latter pa…
Extra items bolster Placer Dome’s earnings
Vancouver — Extraordinary items propelled Placer Dome (PDG-T) to a US$66-million (US16-per- share) profit for the second quarter of 2003.The surging profit included a US$16-million derivative gain a…
Pele lures De Beers to Wawa (August 11, 2003)
The Canadian exploration arm of De Beers has entered into an option agreement with Toronto-based Pele Mountain Resources (GEM-V) at the latter’s 100-sq.-km Festival diamond property, 25 km north of Wa…