Golds slump in weak market
Dow 36,000 receded further into the distance over the report period Oct. 1-8, with the bellwether U.S. stock index plunging 437.30 points to finish at 7,501.49. But the gold stocks, which have been fe…
Rio Tinto plc
BHP shuts Anglo out of Ekati
It was a relationship that couldn’t last: BHP Billiton has notified its global rival, Anglo American, that it would not renew its agreement allowing Anglo subsidiary De Beers the right to marke…
Sweden’s Storliden makes the grade
Skelleftea, Sweden — Storliden, the first new mine in Sweden in more than a decade, has begun commercial production of copper and zinc on time and under budget.Situated 140 km northwest of the city o…
Estrella zone holds promise for National Gold
Vancouver — A scoping study suggests that, even at US$300 per oz. gold, National Gold (NGT-V) can profitably mine the Estrella zone at its Salamandra property in Mexico’s Sonora state.The study, comp…
Rally leaves golds behind
A strong rally in the U.S. markets over the report period Aug. 13-20 brought the Dow Jones Industrial Average up 4.6% and the broader Standard & Poor’s 500 up 6%.The Dow finished the period at 8,872.0…
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 …
Hecla ups 2002 production targets
Continued operating success at the La Camorra gold mine in Venezuela and the San Sebastian silver mine in Mexico’s Durango state is allowing Hecla Mining (HL-N) to revise its production estimates for …
US markets stay weak
Stock markets in the U.S. were little-changed over the holiday-shortened trading period July 3-9. Over four trading days, the Dow Jones Industrial Average managed a 1% gain, to 9,096.09 points, while …
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…
Renard 3 yields larger stones (July 08, 2002)
Ashton Mining of Canada (ACA-T) and Soquem have recovered eight macrodiamonds and 11 micros from a 54.6-kg sample at the Renard 3 kimberlite pipe on the 1,536-sq.-km Foxtrot property in the Otish Moun…
Weaker U.S. stocks stumble
With markets weakening across the board, mining stocks were generally lower on U.S. exchanges. The Dow Jones Industrial Average fell 119.07 points, or 1.3% of value, over the five trading days from Ju…
Western Copper confirms continuity of Chile Colorado zone
Vancouver — Initial results from an ongoing, 6,800-metre drill program on the Penasquito silver property in Mexico have confirmed the mineral continuity of the Chile Colorado zone.Based on results fr…