2002

Iamgold retires Sadiola debt, sees earnings slip

Junior producer Iamgold (IMG-T) is eyeing “significantly” higher cash flow now that all remaining debt relating to the Sadiola mine in western Mali has been retired.In mid-May, a US$31.5-million payme…



Gold price drives junior exchange

Vancouver — Junior resource stocks started to make a comeback over the holiday-shortened week ended Aug. 6 as economic uncertainty deepened in the U.S. The TSX Venture Exchange composite index closed…






China using more nickel

Nickel has shown remarkable resilience during the previous three years of world economic slowdown and recession, buoyed mostly by increased stainless steel production in China, according to the Econom…


Higher output, earnings for Golden Star

Better-than-expected gold production and a higher realized price for that material led Golden Star Resources (GSC-T) to record solid earnings during the second quarter.The company earned US$1.6 millio…


Mining exec wins Bolivian election

The Bolivian Congress has ended a presidential tie, picking millionaire mining executive Gonzalo Sanchez de Lozada to lead the South American country as it confronts economic problems and growing soci…


Placer extends bid

With about 21% of AurionGold’s shares tendered to its cash-sweetened bid late on Aug. 6, unrequited suitor Placer Dome (PDG-T) surprised no one and extended its offer for the Aussie gold miner by nine…


Major Drilling in Mongolia

Major Drilling’s Australian division, Major Pontil, will provide services to Ivanhoe Mines’ Turquoise Hill gold-copper discovery in southern Mongolia.The job will require at least seven rigs and calls…


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