News

Mining stocks weaken

U.S. stock markets edged lower in the reporting period July 21-27, and for the most part mining equities — in both precious and base metals — edged along with them. The Dow Jones Industrial Average was off 0.6%, falling 63.93 points to 10,085.14…


Bema lands Kupol loan

Vancouver — A US$60-million loan by a major German bank is encouraging Bema Gold (BGO-T) to develop the Kupol gold-silver project in northeastern Russia. The loan should ease investors’ concerns over jurisdictional issues surro…


Drilling by Stikine hits ‘marker’ horizon

Vancouver — Deep drilling by Stikine Gold (SKY-V) at its Sullivan Deeps project, 4 km north of the Sullivan lead-zinc mine in southeastern British Columbia, has intersected an important geological “marker” horizon.


Lax safety standards cause death: report

A report from the U.S. Mine Safety and Health Administration says sloppy safety practices contributed to the death of Gary Keeton, 57, at the No. 7 coal mine in Brookwood, Ala. The mine is operated by Jim Walter Resources, a subsidiary of Tampa, F…



GGL Diamond drills Big Hole (August 02, 2004)

Shares in GGL Diamond (GGL-V) dove 4, or about 12%, to 30 in early afternoon trading in Vancouver on July 21 after initial drilling on the Big Hole target failed to return any kimberlite.


Falco flies high in Q2

Higher metal prices offset lower production and increased mining costs for Falconbridge (FL-T) in the second quarter, enabling the major to more than triple earnings to US$139 million.


Juniors slump as gold price loses ground

Toronto Venture Exchange-listed companies generally lost ground as gold headed lower during the report period ended July 27. The slump reflects fears of rising interest rates following better-than-expected economic indicators in the U.S. The S&P T…


Social imperatives

Long gone are the days of mineral exploration companies entering a region and operating with little to no social involvement on a local, regional or national level.


Securities reform tops agenda

Securities reform has been a major issue for the Prospectors & Developers Association of Canada (PDAC) since 2001, and remains a priority.


Price volatility expected for copper

Although copper recently lost its upside momentum, we believe downside risk to prices is limited beyond technical support targets because of sheer physical shortages and modest speculative length. However, high price volatility is likely to persis…


Dia Bras options Mexican project

Vancouver — Through an option agreement, Montreal-based Dia Bras Exploration (DIB-V) can acquire the Promontorio gold-silver-copper property in northern Mexico by paying US$3 million in cash over five years.


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