No waiver for Goldstream-Willa (May 12, 2003)
Vancouver The British Columbia Environmental Assessment Office will not grant the Goldstream Willa project a waiv…
2003
Majescor raises $900,000
Vancouver Montreal-based Majescor Resources (MAJ-V) will sell a private placement financing for a gross proceeds…
Aurizon advances Casa Berardi
Vancouver-based Aurizon Mines (ARZ-T) has privately placed 3.7 million flow-through shares at $1.35 apiece to raise…
Phelps Dodge trims quarterly losses
Vancouver — A change in the accounting of retirement benefits helped the world’s second-largest copper producer reduce its losses in the first quarter.Phoenix-based Phelps Dodge (PD-N) lost US$15 mil…
Ashanti joins Afcan in Sierra Leone
Already partnered at the Kalako permit, 3 km east of Kalana in nearby Mali, Ashanti Goldfields (ASL-N) and Montreal-based Afcan Mining (AFK-V) have inked a deal that could see the former acquire an 80…
Daily Metal Prices (May 12, 2003)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateMay 6May 5May 2May 1April 30Al Alloy1405/1390…
PNWC proves up River Valley deposit
Vancouver — Pacific North West Capital (PFN-V) has tabled encouraging results for nine holes drilled in the sixth-phase program under way at the River Valley platinum group metal property, 60 km nort…
Golden Star rakes in record Q1 revenues
Record production from the Prestea open-pit gold mine in Ghana, and significantly better gold prices, let Golden Star Resources (GSC-T) set records for first-quarter revenues and earnings.In the three…
American Barrick boosts reserves
What a difference a year can make in the life of a mining company.This time last year, Toronto-based American Barrick Resources was sitting with reserves totalling 3.5 million oz. in seven Canadian an…
BC Chamber hosts golf tournament
The British Columbia & Yukon Chamber of Mines will hold a golf tournament at the Mayfair Lakes Golf and Country Club in Richmond, B.C., on May 13.Players of various skill levels will participate in a …
People (May 12, 2003)
Compania Minera Antamina — Wendell Pauling appointed president and CEO.Diamonds North — Bruce Kienlen appointed to exploration team.DiamondWorks — Robert Rainey appointed CFO.
AngloGold hit by currency exposure (May 12, 2003)
Vancouver — South Africa’s biggest gold producer felt the impact of a falling U.S. dollar in the first quarter.AngloGold (AU-N) saw net profit slump to US$66 million in the three months ended March 3…