Niocan expands niobium portfolio
Montreal-based Niocan (NIO-T) has struck a deal to acquire a second niobium property in the James Bay Lowlands from three vendors.Under the deal, Niocan would issue 2 million shares and 600,000 share …
2003
Lumina banks on higher copper prices
Vancouver — A few years back, when the price of bullion was touching US$260 per oz., several junior explorers began acquiring gold projects in the belief that prices would soon improve. They did, and…
Luismin powers Wheaton to record Q1
Benefiting from higher gold prices, Wheaton River Minerals (WRM-T) saw its first-quarter earnings soar to US$4.1 million.The earnings totalled 2 per share, compared a year-earlier profit of just US$2…
Minefinders pushes Dolores to feasibility
Vancouver — Drilling along the 2.2-km-long main Dolores zone has enhanced the economic prospects of the large gold system in Mexico’s Chihuahua state.Minefinders (MFL-T) has sunk an additional 40,500…
People (June 16, 2003)
Barrick — Alex Davidson appointed executive VP of exploration.Canadian Oil Sands Trust — Allen Hagerman appointed CFO of wholly owned subsidiary Canadian Oil Sands Ltd. which manages the trust.Cu…
Gammon scores at Northeast Ocampo (June 16, 2003)
Gammon Lake Resources (GAM-T) has reported a new gold resource at its wholly owned Northeast Ocampo project in Mexico’s Chihuahua state.The new resource, audited by Pincock Allen & Holt, consists of u…
Strike could affect nickel price
The contract of hourly paid workers at two Inco installations in Ontario is about to expire, and concerns are growing that a strike could send already-high nickel prices through the roof.Members of th…
Monroe expands capacity at London (June 16, 2003)
Intent on achieving a processing rate of 44,000 tonnes of alluvial gravel per month by year-end, Calgary-based Monroe Minerals (MMX-V) is adding a third pan plant at its London diamond project in Sout…
Partners test McCreedy’s PM zone (June 16, 2003)
Underground drilling by partners FNX Mining (FNX-T) and Dynatec (DY-T) at the McCreedy West mine in Sudbury, Ont., continues to return high-grade values of copper, platinum, palladium and gold.The lat…
MIM shareholders give Xstrata offer the nod
Shareholders of Australian-based M.I.M. Holdings have approved a A$4.9-billion cash-and-debt takeover offer by Anglo-Swiss rival Xstrata.The world’s fourth-largest coal exporter received the support o…
Glamis breaks ground at El Sauzal in Mexico
Full-scale construction is under way at Glamis Gold’s (GLG-T) El Sauzal project in Mexico’s Chihuahua state.The change-of-land-use permit authorizing construction and operation of El Sauzal followed t…
Pound foolishness
A British Broadcasting Corporation report in mid-May said the country’s chancellor of the exchequer, Gordon Brown, had decided the United Kingdom was “not ready” to accept the euro as its national cur…