Rising Canadian dollar affects Cambior
The combination of a stronger Canadian dollar and lower gold production hampered third-quarter earnings for Cambior (CBJ-T).The company’s profits slipped to US$700,000 (or nil per share) on revenue of…
News
J-Pacific renews exploration
Subject to regulatory approval, J-Pacific Gold (JPN-V) will privately raise $300,000 to renew exploration in British Columbia.The placement consists of 750,000 units, of which 550,000 will qualify for…
Editorial Cartoon (November 03, 2003)
The Benighted right
It took a long time, and the sacrifice of at least three party leaders, to bring about a merger between the Progressive Conservative and Canadian Alliance parties. Now that Stephen Harper and Peter Mc…
Bush flying in Manitoba
I first became acquainted with bush flying in the summer of 1952 when, as a third-year geology student, I was hired by Inco as a “geological assistant” for work in northern Manitoba.Actually, geology …
Pechiney faces court action
The Queensland government in Australia has launched litigation in its Supreme Court against Pechiney in an attempt to force the French aluminum giant to surrender a bauxite lease.The government claims…
Fipke finds kimberlite in Attawapiskat
While following up on promising overburden kimberlite indicator mineral chemistry with auger-core drilling, Metalex Ventures (MTX-V) and Arctic Star Diamond (ADD-V) encountered kimberlite in the James…
Codelco, Enami strike Ventanas deal (November 03, 2003)
After more than two years of cantankerous negotiations, Corporacion Nacional del Cobre de Chile (CODELCO), has inked a deal to acquire the Ventanas copper smelter and refinery from the Chilean copper …
Randgold ups Ashanti ante, omits cash (November 03, 2003)
True to its word, Randgold Resources (GOLD-Q) has boosted its all-share offer for Ghanaian-based Ashanti Goldfields (ASL-N).Under the revised bid, Ashanti shareholders are being offered 0.56 of a Rand…
Nevada Pacific drills Limousine Butte
Junior Nevada Pacific Gold (NPG-V) has renewed drilling at its Limousine Butte project in east-central Nevada.The 1,600-metre program will consist of eight holes in the Resurrection Ridge area, where …
Diamonds North finds more stones at Blue Ice
Having completed a second season of exploration field work on the Victoria Island diamond projects in the High Arctic region of both Nunavut and the Northwest Territories, Diamonds North Resources (DD…
El Peon lifts Meridian
Earnings season kicked off with Meridian Gold reporting a third-quarter net profit of US$7.9 million (or US8 per share), powered by a continued stellar performance by the El Peon high-grade undergro…