Pele aims drills at Ardeen gold project
Another old gold project is being dusted off and revived: Pele Mountain Resources (GEM-V) is about to begin drilling at its wholly owned Ardeen mine property, 110 km west of Thunder Bay, Ont.Situated …
2003
Iamgold joins Int’l Minerals in Ecuador
International Minerals (IMZ-T) (formerly Ecuadorian Minerals) has dealt Iamgold (IMG-T) an option to earn a 60% interest in its Canicapa project in southern Ecuador, about 380 km south of the capital …
First Point picks up Rio Luna (January 20, 2003)
Vancouver — With a 2,000-metre drill program under way on its Cacamuya gold-silver project in southwest Honduras, First Point Minerals (FPX-V) has inked a deal to acquire the Rio Luna gold property i…
Golds retrench but base metals higher
The Toronto Stock Exchange was only fractionally higher through the trading period Jan. 8-14, with the composite index up 8.2 points, or 0.1% of value, at 6,810.98. Most of the market sectors moved si…
Miramar tallies Doris North study
Vancouver — An independent feasibility study of the Doris North gold deposit on the Hope Bay project in Nunavut calls for a 668-tonne-per-day operation and production of 311,693 oz. gold over a mine …
Agnico finds gold at Lapa
Drilling by mid-tier gold producer Agnico-Eagle Mines (AGE-T) at the Lapa property of Breakwater Resources (BWR-T), 11 km east of Agnico’s LaRonde mine in northwestern Quebec, has intersected extensio…
Cambior sharpens trimmers in ’03
With gold climbing to prices not seen in years, Cambior (CBJ-T) plans to trim its hedge book by about 40% to around 800,000 oz. gold in 2003.The reduction would see the company’s hedge position drop t…
Wheaton River gains Aussie, Argentine assets
Vancouver — In a deal that more than doubles its production, Wheaton River Minerals (WRM-T) has agreed to buy Rio Tinto’s (RTP-N) Peak gold mine in Australia along with the major’s 25% stake in Argen…
Rosy forecast for base Metal Prices
Despite prevailing macro uncertainties we are expecting a substantial improvement in base metal prices this year.The risk remains that economic growth will continue to disappoint and that a second rec…
Greek gov’t suspends work at TVX’s Stratoni
Mining has been suspended again in parts of TVX Gold’s (TVX-T) Stratoni silver-lead-zinc operation, 65 km east of the Greek port of Thessaloniki.The Greek Ministry of Development told the company the …
MOST ACTIVE ISSUES, JANUARY 8-14
ExchgVol(000s)HighLowCloseChangeSouth Am Gld&CT411310.130.080.10+0.03…
‘Six Sigma’ solves problems
The “Six Sigma” system has been around for some time. For those who have been out of the picture or are unaware of what Six Sigma is, I offer the following: it is the use of a rigorous, statistics-bas…