Crew gets nod for Nalunaq financing (July 16, 2002)
Vancouver — With US$8 million in hand from a recently approved credit facility arranged with Standard Bank London,…
News
Trading Summary (July 15, 2002)
Another day, another long drop in the equity markets. The Toronto Stock Exchange followed most other bourses around…
Hecla boosts 2002 production estimates
Continued operating success at the La Camorra gold mine in Venezuela and the San Sebastian silver mine in Mexico’s…
Wolfden looks to Red Lake for more property
Vancouver — Wolfden Resources (YWO-V) has inked a deal with Sabina Resources (SBB-V) to acquire an interest in th…
Outokumpu buys Bula property
Finnish metal producer Outokumpu has bought the Bula property adjacent to its Tara zinc mine in central Ireland, in…
AurionGold advises rejection of Placer offer
Directors of Australian gold miner AurionGold have gone beyond their initial recommendation that shareholders not react to Placer Dome’s (PDG-T) hostile, all-share takeover offer. They are now advisin…
Fording to get more for less
Calgary-based Fording Coal, the country’s largest coal producer, says it will charge more for its coal this year but sell less of it.The company expects prices will be about 10% higher than the averag…
SouthernEra recovers gems
The first hole drilled into the Sue kimberlite pipe in the Northwest Territories has yielded 95 diamonds for SouthernEra Resources (SUF-T).Sue is part of the Yamba Lake property, in which SouthernEra …
Andean American hot on Santa Rosa
Cusco, Peru — With four months of commercial gold and silver production from the Open Pit zone under its belt, Andean American Mining (AAG-V) is gearing up to expand operations at its wholly owned Sa…
Barrick doubles Alto Chicama resource estimate (July 15, 2002)
Infill drilling by Barrick Gold (ABX-T) on the Lagunas Norte deposit has more than doubled the inferred resource at the 185-sq.-km Alto Chicama property in north-central Peru.The resource now stands a…
News – 15-JUL-02
Bless us, a curse!
“In vain with lavish kindness the gifts of God are strown;The heathen in his blindness bows down to wood and stone.”Reginald Heber, “Missionary Hymn” (1819)It has long been thought that the path to pr…