US miners steady
During the period ended June 25, mining stocks proved to be an oasis of calm amid continuing turmoil in the broader U.S. equity markets, which re-tested post-911 lows.With gold prices continuing to fi…
News
Western Copper confirms continuity of Chile Colorado zone
Vancouver — Initial results from an ongoing, 6,800-metre drill program on the Penasquito silver property in Mexico have confirmed the mineral continuity of the Chile Colorado zone.Based on results fr…
Placer Dome stumbles as Aussie takeover target hits back
In a repeat performance, the Toronto Stock Exchange S&P/TSX composite index plummetted 206.74 points over the June 19-26 report period to finish at 7,120.80. The index had lost 71.29 points in the pre…
Red Lake gold plays attract interest
Vancouver — Despite a strong showing in gold-related stocks, Canada’s junior exchange drifted lower over the report period ended June 25. The Canadian Venture Exchange composite index dropped 7.21 po…
Eldorado ups Kisladag
Vancouver — Eldorado Gold (ELD-T) has incorporated this year’s drill results into a resource estimate for the Kisladag project in western Turkey.The 4,565 metres drilled in 2002 have helped define th…
PGMs bullish in May
The investor and dealer selling that had undermined the platinum price in late April eased in early May, and physical demand provided a solid floor around US$520 per oz.The positive fundamentals for p…
MOST ACTIVE ISSUES, JUNE 19-25
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IMA gains ground in southern Argentina
Vancouver — IMA Exploration (IMR-V) has acquired the 127-sq.-km Victoria claim package, which is contiguous with the company’s Bayas property in southern Argentina’s Chubut province.The new property …
Cdn. Royalties targets Ungava’s board
The fight between Canadian Royalties (CZZ-V) and Ungava Minerals (UNGV-CUB) has taken a twist, with the former, via a numbered subsidiary company, launching a 10-per-share cash bid for 51% of the lat…
Marshall Fork yields 17-carat diamond
Partners Diamond Fields International (DFI-T) and South African-based Trans Hex Group have recovered a 17-carat alluvial diamond off the coast of Namibia, near the town of Luderitz.The stone, which ca…
Another Hemlo?
A mere six years have elapsed since news of the fabulous Hemlo discoveries rocked the mining world. Yet details of another gold discovery, which displays geological parameters of Hemlo-size proportion…
Cameco buys Smith Ranch
Cameco (CCO-T), the world’s largest uranium supplier, just got bigger.The Saskatoon, Sask.-based company has agreed to buy the Smith Ranch in situ leach mine and various other ISL properties in Wyomin…