Aur tackles debt as earnings shrink
Despite higher mine production and stronger copper prices, Aur Resources (AUR-T) watched its profits wither in the fourth quarter of 2002.The company earned US$1.9 million (or US2 per share) on reven…
Thundermin Resources Inc
Aur shrivels in drier copper market
Faced with weaker copper prices and lighter sales volumes, Aur Resources (AUR-T) earned three times less in the recent second quarter than in the corresponding period of 2001.Net earnings topped US$2….
2001 deals out the pain
Some are comparing 2001 with the first half of the 1980s, the last time metal prices were so bad. Others are comparing it with the depression after the crash of 1929. And so far, nobody has compared i…
Aur gets Duck Pond base metal project
In a deal valued at $6 million, Aur Resources (AUR-T) is taking over the Duck Pond base metal project in Newfoundland from partners Thundermin Resources (THR-T) and Queenston Mining (QMI-T).
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…
Queenston, Thundermin table study
A positive feasibility study of the Duck Pond copper-zinc project in central Newfoundland means partners Thundermin Resources (THR-T) and Queenston Mining (QMI-T) will now be looking for permits and f…
Gold prices move up to new range
Gold bugs enjoyed an invigorating rally in the yellow metal over the May 16-22 report period, as the London gold price broke out of a long-held, sub-US$270-per-oz. range to spend a few hours above US$…
Orogrande tests Burnt Pond
In a small drilling program, junior Orogrande Resources (org-v) is testing the Burnt Pond massive sulphide property in north-central Newfoundland.The 7.25-sq.-km property, which lies 35 km east of the…
Drills turn at Duck Pond (February 26, 2001)
Partners Thundermin Resources (THR-T) and Queenston Mining (QMI-T) have started a 2,200-metre drilling program, budgeted at $200,000, to investigate new massive-sulphide targets at the Duck Pond prope…
Altius options Tally Pond
Altius Minerals (ALS-V) has acquired an option to earn a 100% interest in the South Tally Pond property in central Newfoundland from Noranda (NOR-T).The 47.5-sq.-km property covers the southern quarte…
Eastern Canada’s VMS camps attract financing
Exploration for volcanogenic massive sulphide (VMS) deposits is showing signs of sustainable life in eastern Canada as majors Billiton, Inmet Mining (IMN-T), Noranda (NOR-T) and Phelps…
New phase of drilling at Duck Pond property
Seeking to expand known copper-zinc mineralization and possibly snare a Buchans lookalike, Thundermin Resources (THR-T) and joint-venture partner Queenston Mining (QMI-T) have started a further phase …