Placer’s Cristinas deal stirs up controversy
Although trading volumes were low during the holiday-shortened report period of Aug. 1-7, there were nonetheless several developments in the Canadian mining scene.Reuters reported that Venezuelan stat…
Teck Resources Limited
Hedging lifts Aur’s bottom line
Steady production and beneficial hedging allowed Aur Resouces (AUR-T) to pocket a tidy US$8-million profit during the second quarter.Aur’s share of combined second-quarter production from the Quebrada…
Teck’s profit hit by lower prices
A sharp drop in the price of power, combined with downward-spiraling metal prices, had a negative impact on Teck’s (TEK-T) second-quarter results.The company, which, as a result of its recent merger w…
Shareholders OK merger
Minority shareholders of Cominco (CLT-T) have voted overwhelmingly in favour of the company’s planned merger with parent Teck (TEK-T), and the British Columbia Supreme Court has approved the merger’s …
Placer Dome shuffles off Las Cristinas to Vannessa
While gold prices sat in a listless, US$265-per-oz. funk during the July 11-17 report period, there was a flurry of news from Canada’s biggest gold miners.Placer Dome announced an eleventh-hour deal t…
Barrick at work in Alaska
Vancouver — Mining titan Barrick Gold (ABX-T) has kicked off a $600,000 exploration program on the California and Surf properties, held jointly by Rimfire Minerals (RFM-V) and Western Keltic Mines…
Teck, Mansfield persevere at Rio Grande
Vancouver-based junior Mansfield Minerals (MDR-V) is encouraged by results from the first round of drilling on the Rio Grande iron oxide-copper-gold prospect in northwestern Argentina. The program has…
Rio Grande shows copper
Vancouver-based junior Mansfield Minerals (MDR-V) is encouraged by results from the first round of drilling on the Rio Grande iron oxide-copper-gold prospect in northwestern Argentina. The program has…
More gold at Intidougou
Drilling by Orezone Resources (ORZ-T) and its Australian partner, Delta Gold, has intersected more near-surface gold at the Intidougou project in Burkina Faso.The partners sank 15 reverse-circulation…
Teck eyes Kantela, Shea
Teck (TEK-T) is funding an exploration program at Orezone Resources’ (ORZ-T) Kantela gold property in Mali.The major can earn 60% interests in the Kantela and Shea gold properties (the latter is in Gh…
Cambior finally back on even keel
It’s been a turbulent year and half, but Cambior (CBJ-T) seems finally to have settled into a familiar pattern of gold production and respectable quarterly reports.Gold production attributable to the …
Major funds search for PGMs
Teck (TEK-T) has completed a $250,000 flow-through financing in each of East West Resource (EWR-V) and Canadian Golden Dragon Resources (CGG-V) and reached a deal with the pair to explore eight…