News

Saskatoon-based Cameco (CCO-T) and the National Atomic Co. of Kazakstan plan to spend some US$38 million to bring the Inkai uranium deposit in that country into commercial production in 2007.

As outgoing president of the Prospectors and Developers Association of Canada (PDAC), I have had the luck during my term to experience the exploration industry go from a very deep depression in 2002 through to a satisfying resurgence. This was exe…

Vancouver — Radius Exploraions (RDU-V) has acquired full ownership of the Tambor gold properties in central Guatemala from Gold Fields (GFI-N) in return for 1.3 million shares.

Dynatec stays at Red Lake…

Peru will produce 5% more copper in 2004 than in 2003, or roughly 881,000 tonnes, worth an estimated US$1.2 billion. The prediction comes from the country’s National Society of Energy, Mining and Petroleum, based in Lima.

Bruce Alway, a precious metals analyst with Gold Fields Mineral Services, will discuss Gold Survey 2004 on April 16 at the Sheraton Centre in Toronto.

Antimony: Mid-mkt US$2,950/t.

In our April 2-8 issue, we said the proposed Rock Creek copper-silver mine is in northern Idaho. The correct location is Montana. Rock Creek is owned by Sterling Mining Co. (SRLM-USOTC).

Precious MetalsPrice (US$/oz.)Change…

The following is based on a talk given by Kamal Naqvi at the recent annual convention of the Prospectors & Developers Association of Canada, held in Toronto.

Following positive early sampling results, Goldeye Explorations (GGY-V) plans to open an exploration drift on the Sonia gold and silver prospect in central Chile.