LionOre posts record profit (August 15, 2003)
Vancouver — The second quarter of 2003 proved to be a stellar one for LionOre Mining International (LIM-T). Th…
News
Kinross idles Lupin
Soaring costs have forced Kinross Gold (K-T) to suspend operations at its Lupin mine in Nunavut, 400 km northeast o…
Trading Summary (August 14, 2003)
Canada’s junior exchange ended the day higher with investors finding a renewed appetite for oil & gas related issue…
Trading Summary (August 13, 2003)
Toronto’s gold index managed to pick up just 0.23 of appoint to make 189.06 on Wednesday despite a US$3.30-per-oz.
Canico expands Onca-Puma project
Canico Resource (CNI-T) has boosted the inferred resource estimate for its Onca and Puma nickel laterite deposits i…
Rock Creek shaping up for NovaGold (August 13, 2003)
Vancouver — Novagold Resources (NRI-T) has tabled a positive scoping study of the Rock Creek project, near Nome, A…
Results keep PNWC bullish at River Valley
Vancouver — Harry Bar-led Pacific North West Capital (PFN-T) has tabled further encouraging drill results from its…
Glamis lowers gold output
Vancouver — A production shortfall at its flagship San Martin mine in Honduras resulted in relatively flat profits for Glamis Gold (GLG-T) in the second quarter.The Reno-based company posted net inco…
Soquem drops Clearwater back-in (August 11, 2003)
Quebec government-owned Soquem has waived its back-in right to regain a 25% stake in the Clearwater gold project, in the province’s northwestern region.Last March, Soquem granted an option on half of …
Northern Miner Indices (August 11, 2003)
NORTH AMERICAN MINING INDEXCompanyTickerWeightBarrickABX-T19.5%CamecoCCO-T3.1%FalconbridgeFL-T4.0%Freeport BFCX.B-N5.7%Glamis GoldGLG-T3.3%GoldcorpG-T5.4%IncoN-T9.0%Meridian GoldMNG-T…
Barrick sees operating cash flow shrink
Lower production and higher costs at the Meikle mine in Nevada prevented Barrick Gold (ABX-T) from realizing stellar earnings in the quarter ended June 30.The major reported a profit of US$59 million …
Extra items bolster Placer Dome’s earnings
Vancouver — Extraordinary items propelled Placer Dome (PDG-T) to a US$66-million (US16-per- share) profit for the second quarter of 2003.The surging profit included a US$16-million derivative gain a…