News
Homestake boostsVeladero resource
Ongoing drilling by Homestake Mining (HM-N) on its 60%-owned Veladero property in northwestern Argentina has increased the gold resource by 39% to 7.8 million contained ounces.The increased resource i…
Aur spurns Cambior to buy Chilean mine
Spying a better opportunity in Chile, Aur Resources (AUR-T) has withdrawn its merger proposal with beleaguered Cambior (CBJ-T) to pick up a controlling stake in the Quebrada Blanca copper mine from Co…
Coeur sees production drop
Lower silver and gold production resulted in a net loss of US$38.9 million (or $1.61 per share) for Coeur d’Alene Mines (CDE-N) in 1999, compared with a loss of US$244.8 million ($11.81 per share) in …
Markets anticipating Chinese trends
The recent fund-led selloff has left the base metals markets heavily dependent on fundamental support. Over the next few weeks, movements in London Metal Exchange (LME) stocks and physical premium lev…
High River Gold sets new production records
A record number of ounces was produced last year at the New Britannia and Buryatzoloto gold mines, reports High River Gold Mines (HRG-T).The New Britannia mine, situated in Snow Lake, Man., and operat…
Great Basin expands Ivanhoe (March 13, 2000)
Results from ongoing drilling at the Ivanhoe gold project in Nevada have increased the strike lengths of the Clementine and Gwenivere gold-bearing vein systems to 1,800 ft.Great Basin Gold (GBG-V) rep…
Spot Prices (March 13, 2000)
Precious MetalsPrice (US$/oz.)ChangeGold$292.75-$1.00Silver$ 5.07-$0.06…
Federal budget contains no flow-through provision
Ontario Mines Minister Tim Hudak says he is disappointed by Ottawa’s decision not to enhance federal flow-through financing in the recent budget.Currently, Canadian investors who subscribe to flow-thr…
Minera Andes hits bonanza grade
A 14-hole program of reverse-circulation drilling has intersected bonanza-grade mineralization at the Pluma/Cerro Saavadra gold property in Argentina’s Santa Cruz province.Minera Andes (MAI-V) reports…
Stroud eyes high-grade Mexican silver deposit
Though still at an early stage of exploration, the Santo Domingo II project of Stroud Resources (SDR-T) is already showing signs of hosting a high-grade epithermal silver deposit.Santo Domingo lies in…
EuroZinc outlines new targets at Aljustrel
Based on a thorough examination of geophysical data, EuroZinc Mining (EZM-V) has identified 23 discreet gravity anomalies at the Aljustrel massive sulphide project in Portugal.Many of the geophysical …