Gold and diamonds took spotlight in 2002
Vancouver — Market-watchers are optimistic the resurgence in the price of gold will help transform prospective properties into producing mines over the next few years.During 2002, Canadian companies …
Rio Tinto plc
Golds rise against tide
Rising gold shares were set off in contrast to most other market sectors after a poor three trading days on the U.S. exchanges, Dec. 23-27. The Dow, declining 207.54 points to 8,303.78, and the S&P 50…
Band-Ore readies drills at Thorne (January 06, 2003)
Having raised $500,780 via a non-brokered private placement of flow-through shares and warrants, Band-Ore Resources (BAN-T) is about to intensify drilling at its wholly owned Thorne gold property, 20 …
Gold touches US$355 per oz.
Gold bugs were particularly exultant during the report period ended Dec. 20 as the yellow metal surged to US$355 per oz. on Dec. 19. during intra-day, European trading.However, any belief in gold is s…
Silver producers jostle for investors’ attention
At the Autumn Precious Metals Seminar, held recently in Toronto and co-sponsored by the Silver Institute and Gold Fields Mineral Services, representatives of five North American silver producers gave …
Diavik nears startup
Construction of the Diavik diamond mine, in the Northwest Territories, is expected to be close to completion by year-end.London-based Rio Tinto (RTP-N) and its Canadian partner, Aber Diamond (ABZ-T), …
WMC gains titanium asset
The biggest deal of the report period was WMC Resources’ US$87.5-million acquisition from South Africa’s Southern Mining of the world’s largest undeveloped titanium mineral-sands deposit: Corridor San…
BHP curbs copper output
BHP Billiton, the world’s largest mining company, announced that its 2003 copper production target for the world’s largest copper mine, Escondida in Chile, is being set at 1.05 million tonnes, while a…
JP Morgan dispels rumours
The gold bugs watched in glee as their arch nemesis, JP Morgan, the counterparty to most gold-derivatives trading, issued a statement that refuted rumours it had recently lost upwards of US$17 billlio…
Grasberg delivers the goods in third quarter
Freeport-McMoRan Copper & Gold (FCX-N) is bouncing back from a disappointing first half, thanks to strong operating performance at the massive Grasberg copper-gold mine in Indonesia.The improvement re…
Kennecott ups diamond search at Rockinghorse
While Tahera (TAH-T) awaits details of next year’s budget for the Rockinghorse project in the Coronation Gulf diamond district of Nunavut, its joint-venture partner, Kennecott Canada Exploration, is c…
Damang gives Repadre earnings boost
With a share in production from the Damang gold mine in Ghana now part of its portfolio, Repadre Capital (RPD-T) has posted earnings of $4.1 million (or 10 per share) on revenue of $5.9 million in th…