News

Royal Gold cheers reserve replacement

Vancouver — Royalty companies are as obsessed with reserve replacement as any other mining company, but in the grand scheme of things, they’re at the mercy of the operators of the mines in which they…


Kensington explores Fort la Corne

Vancouver — Kensington Resources (KRT-V) has arranged $35 million in financing to explore the Fort la Corne diamond project in central Saskatchewan….



Coeur d’Alene buys Endeavor’s silver

Vancouver — Coeur d’Alene Mines (CDE-N) is buying the silver production and reserves of the Endeavor zinc-lead-silver mine, near Cobar in central New South Wales, Australia….


Spot Prices Tuesday April 12, 2005 Courtesy of Scotiabank

Precious Metals Price (US$/oz.) Change
Gold $429.15 +5.45
Silver $7.24 +0.30
Platinum<...


Alto seeks partner for Manitoba property

Vancouver — In northern Manitoba, Alto Ventures (ATV-V) has assembled a land package prospective for shear-hosted and iron formation-hosted gold deposits….




Ivernia to buy rest of Magellan lead mine

Ivernia (IVW-T) plans to sell $65-82.5 million worth of newly minted shares to buy the 49% interest in the Magellan lead mine it does not already own. The mine is 740 km northeast o…


Klipspringer weighs on SouthernEra

SouthernEra Diamonds (SDM-T) lost US$14.5 million before taxes for 2004, partly owing to costs associated with dividing the original SouthernEra Resources into two separate entities…


Phelps honours safe operations

Phelps Dodge (PD-N) has given its “million zero hours award” to four operations in recognition for having operated 1 million consecutive employee hours or more without a serious inj…


Activity down in US markets

U.S. stock markets climbed marginally higher during the April 5-11 period. The S&P 500 index rose 5.09 points to close at 1,181.21 and the Dow Jones Industrial Average rose 27.42 points to finish…


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