Reporter ‘misinformed’
I am writing in response to your article on the activities of a junior exploration company in Guatemala (T.N.M., Oct. 17/03) in which you make several wild and unsubstantiated assertions regarding Exp…
News
Partners advance Taparko gold project
A feasibility study considering the combination of the Taparko and Bouroum gold deposits in Burkina Faso, West Africa, envisages total average production of 91,000 oz. per year over 7.5 years.Taparko …
Glamis pockets more profits in Q3
Higher gold prices combined with lower exploration and accounting expenses to keep Glamis Gold (GLG-T) profitable in the third quarter.Net earnings topped US$3.5 million (or 2 per share) on revenue o…
Wheaton concludes Los Filos acquisition
Wheaton River Minerals (WRM-T) has taken full control of the Los Filos gold project in Mexico’s Guerrero state, putting it on-track to increase annual gold-equivalent production by 40%.In late October…
Big miners make big gains
It was a generally good trading period in the U.S. equity markets, with the major indices up modestly but the mining stocks generally strong. The Dow Jones Industrial Average picked up 90.52 points to…
McWatters sells Kiena gold operation
Looking for cash to help in its bid to revitalize the struggling Sigma-Lamaque open-pit gold mine, McWatters Mining (MWA-T) has agreed to sell its nearby Kiena mine complex on Parker Island, west of V…
Dianor steps up diamond search in Ontario
Diamond junior Dianor Resources (DOR-V) has picked up an option to earn into Eastmain Resources’ (ER-T) Abitibi Extension project, north of Dianor’s Cluster project, near Kirkland Lake in northern Ont…
Barrick rumbles as gold tumbles
Gold took a pounding over the Oct. 29-Nov. 4 report period, withering US$8.25 in overseas trading to settle at London morning fix of US$378.30 per oz. Silver also got smacked, losing US22 to finish a…
Goldfields sees profits shrink
Vancouver — Gold Fields (GFI-N) posted a 40% drop in profits between the 3-month period ended Sept. 30 and the previous quarter.The world’s fourth-largest bullion producer earned US$61 million in the…
Newmont’s profits take flight in 3rd quarter
Vancouver — Higher bullion prices enabled Newmont Mining (NEM-N) to post dramatically higher profits for the third quarter.The Denver-based company earned US$114.4 million (or US28 per share), compa…
Placer Dome earns less on higher output
Vancouver — Despite record production and strong operating cash flow in the third quarter, Placer Dome (PDG-T) suffered a loss in profits, owing to a derivatives expense.The major earned US$21 millio…
Linear takes on MIM projects (November 10, 2003)
Linear Resources (LRR-V) has closed its acquisition of Australian miner MIM’s Central American exploration projects, giving the Halifax-based explorer a presence in Mexico, Panama and the Dominican Re…