Mag drills in Zecatecas state
Vancouver — Mag Silver (MAG-V), formerly Mega Capital Investments, will perform 3,500 metres of drilling on the Juanicipio silver project in Mexico’s Zecatecas state.The newly minted junior is target…
News
Richmont in black for first quarter (May 05, 2003)
In the recent first quarter, Richmont Mines (RIC-T) earned less than in the fourth quarter of 2002 but more than in the first quarter of that year.The gold producer earned $371,268 (or 2 per share) o…
Northern Miner Indices (May 05, 2003)
NORTH AMERICAN MINING INDEXCompanyTickerWeightBarrickABX-T20.0%CamecoCCO-T3.6%FalconbridgeFL-T4.6%Freeport McM BFCX-N5.8%GoldcorpG-T4.5%IncoN-T8.0%Kinross GoldK-T4.5%Newmont MiningNEM…
The Northern Miner Indices (May 05, 2003)
North American Mining: 64.47 (-3.38)Small Producers: 58.30 (-4.90)(Sept. 30/98 = 100)…
Inmet takes over Teck’s Cerattepe project
A deal between the Turkish subsidiaries of two Canadian mining companies will give Inmet Mining (IMN-T) control of the Cerattepe copper and gold deposit, near Artvin in northeastern Turkey.Under the d…
People (May 05, 2003)
Cleveland Cliffs — James Trethewey appointed senior VP of operations improvement.Compania Minera Antamina — Wendell Pauling appointed president and CEO.
Gold Fields extends AIDS program
Johannesburg-based Gold Fields is extending its medical program to include highly active antiretroviral therapy (HAART) as a treatment option for employees with acquired immune deficiency syndrome (AI…
SA Chamber criticizes bill
The possible effects of the proposed Royalty Bill released by South Africa’s National Treasury will not be good for the economy or the mining industry. In the coming weeks the chamber will submit to t…
IMA rides the Patagonia silver bullet
Gastre, Argentina — Spectacular silver assay results highlight the new, grassroots Navidad discovery in the Patagonia region of southern Argentina.Geologists for IMA Exploration (IMR-V) found bonanza…
Falco boosts earnings in first quarter
Stronger metal prices and sales volumes pushed Falconbridge (FL-T) to a higher perch during the first quarter.Net earnings topped $60.5 million (or 32 per share) in the three months ended March 31 as…
Agnico-Eagle buys out Breakwater at Lapa (May 05, 2003)
Hungry to expand beyond its single LaRonde gold mine in northwestern Quebec, Agnico-Eagle Mines (AGE-T) has struck a deal to acquire Breakwater Resources’ (BWR-T) interest in the Lapa high-grade gold …
