Alamos takes a stand in Mexico
Vancouver — The low price of gold has prompted many major producers to shed sub-economic assets, and partners Alamos Minerals (AAS-V) and National Gold (NGT-V) are hoping to capitalize on the trend b…
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Gold Funds (February 11, 2002)
Dundee Precious MetalsCentral FundJan. 24/02Jan. 31/02Net Value$15.69$5.46Price$10.3…
Queenstake to proceed with production at Magistral
The Magistral gold project in northern Sinaloa state, Mexico, will be pouring gold by September following a positive production decision by operator Queenstake Resources (QRL-T) and its joint-venture …
Black Hawk to buy out Limon royalty
Black Hawk Mining (BHK-T) has made arrangements to buy out a 2% royalty on the El Limon gold mine in Nicaragua for $1.25 million. The deal, with royalty-holder Repadre Capital (RPD-T), will see Black …
World Bank to aid Konkola
The World Bank and the Zambian government are floating a proposal that could keep the Konkola copper mines from sinking. The plan would see funds earmarked for other Zambian development programs funne…
Bigger reserves at Niobec
Cambior (CBJ-T) and Mazarin (MAZ-T) have upgraded resources into reserves at their equally owned Niobec niobium mine in Quebec.Proven and probable reserves now total 18.2 million tonnes grading 0.68% …
Spot Prices Wed. February 6, 2002
Precious MetalsPrice (US$/oz.)ChangeGold$297.45+$16.50Silver$ 4.48+$0.18Platinum$464.00+…
Wildara gives LionOre something to roar about
A newly discovered high-grade sulphide zone at the Wildara property in Western Australia has partners LionOre Mining International (LIM-T) and Australian-listed Dalrymple Resources hopping with deligh…
Coeur ramp cuts high grade at Cerro Bayo (February 11, 2002)
Coeur d’Alene Mines (CDE-N) has cut new high-grade gold and silver mineralization at its Cerro Bayo property in southern Chile.During construction of the upper access ramp, the Idaho-based company cut…
Meridian eyes half-stake in Gold Hawk
Mid-tier producer Meridian Gold (MNG-T) has reached an agreement that could give it a controlling interest in Montreal-based junior Gold Hawk Resources (CGK-V).Under the proposed deal, Meridian would …
Omai’s performance improved in 2001
Despite being just a few years from the end of its operating life, Cambior’s (CBJ-T) Omai open-pit gold mine in Guyana managed to turn in a record performance during 2001.The operation achieved its hi…
LME Warehouse Levels (February 11, 2002)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Feb. 5 (change from Jan. 29 in brackets):MetalStock (tonnes)ChangeAluminium865075(+15…