Canico buys out Inco in Brazil
Vancouver — Canico Resource (CNI-V) has raised enough funds to acquire Inco’s (N-T) Ona-Puma nickel laterite project in Brazil’s Para state.Recent financings allowed the junior to fulfil its require…
News
Record output for Glamis
Vancouver — Glamis Gold (GLG-T) lowered costs while ramping up production in 2002.The Reno-based company made a profit of US$13.7 million (or US14 per share) for the year, compared to US$4.8 million…
Golden Star closes $51m financing (February 24, 2003)
Golden Star Resources (GSC-T) has completed an over-subscribed, bought-deal offering, raking in gross proceeds of $51 million.Led by brokers Canaccord Capital and BMO Nesbitt Burns, the private placem…
Gold Fields eyes Nunavut gold belt (February 24, 2003)
Vancouver — Gold Fields (GFI-N) has inked a deal with Committee Bay Resources (CBR-V) paving the way for the major to earn a 75% stake in a land package northeast of Baker Lake in Nunavut.The South A…
Taconite helps make raceway safer and faster
The full-throttle roar of engines and rowdy fans have not been heard since late October at the Brainerd International Raceway (BIR) in north-central Minnesota, but not all is silent. More than 600 ton…
Roundup’s success may mean good things Western sunrise
Last year and the year before, the Vancouver mining set’s annual January fixture, the Cordilleran Roundup, offered a sweet-scented promise of spring coming to the mining business. In 2001, there was h…
Glamis makes gains
A number of things separate Glamis Gold from its Vancouver counterparts. The first would have to be its “low-key” approach to doing business.The second relates to the fact that it showed a net profit …
Quality of gov’t material questioned
I recently attended the Cordilleran Exploration Roundup in Vancouver, B.C., where the Federal Department of Fisheries and Oceans (DFO) distributed inappropriate material.As Yukon and British Columbia …
Insider Trading: Option spree continues through winter
Recent insider trading transactions reported by the Ontario Securities Commission include the following:r Anatolia Minerals Development (YMCU-V) — James Davidson, director, sold 14,500 shares indirec…
Firm prices, fundamentals add value to nickel and tin markets
The following is the fourth in a series devoted to metals markets and was culled from Barclays Capital’s monthly report The Commodity Refiner. This week’s instalment looks at developments in nickel, t…
Andaurex eyes Meliadine
Vancouver — Australia’s WMC Resources (WMC-N) has an interested buyer for its 56% stake in the Meliadine West gold property in Nunavut.Andaurex Industries (AWX-V) and Sakku Investments, a wholly owne…
LME Warehouse Levels (February 24, 2003)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Feb. 18 (change from Feb. 11 in brackets):MetalStock(tonnes)ChangeAluminium1191600(-4…