Peregrine Picks Up Land Surrounding Chidliak
Peregrine Diamonds (PGD-T, PGDIF-O) is more than doubling its prospecting rights on Baffin Island, Canada’s newest diamond district.
News
Kootenay Steps Out At Promontorio
VANCOUVER — Over the past two years, Kootenay Gold (KTN-V, KOOYF-O) has conducted a tightly focused drill program at the Pit zone on its 900-sq.-km Promontorio property in Sonora state, Mexico.
Beleagured Teck Posts $607M Net Loss In Q4
VANCOUVER — Don Lindsay, the president and CEO of Teck (TCK. B-T, TCK-N), addressed the company’s heavy debt load and burgeoning fourth-quarter net loss in a conference call with investors on Feb 17.
WGM Hosts Workshop At Saudi Geological Conference
Consulting geology and engineering firm Watts, Griffis and McOuat (WGM), will deliver a one-day seminar during the March 9-12 meeting of the Saudi Society for Geosciences at the Hilton Hotel in Jeddah…
Abacus Tallies Growing Copper-Gold Resource At Ajax
VANCOUVER– It was an old box of forgotten data in the back of a mill building that changed everything for Abacus Mining & Exploration (AME-V, ABCFF-O). Now, three and a half years after finding t…
Barrick Buys Out Teck At Hemlo
In yet another asset sale to deal with its short-term debt crisis, Teck (TCK. B-T, TCK-N) is unloading its half stake in the Hemlo gold assets in northwestern Ontario on its joint-venture partner, Bar…
Capstone Upgrades Kutcho Resource
VANCOUVER — Every little increase in grade helps at current copper prices.
Tiger Finding High-Grade Copper In The DRC
VANCOUVER– The mineral wealth of the Democratic Republic of the Congo (DRC) is far from tapped, if Tiger Resources’ (TGS-T, TRSDF-O) copper discoveries in the African country are any indication.
China Inc. Steps Up Foreign Acquisitions
China’s state-owned companies are ratcheting up their acquisitions of struggling mining companies that have been hit by the financial crisis and poor metal prices.
Centamin Set To Bring Gold Mining Back To Egypt
After a long hiatus, Egypt is on the cusp of getting a new major gold mine.
Newmont Posts Record Revenues In 2008
Newmont Mining (NMC-T, NEM-N) saw higher multiples in 2008, with the gold major posting revenues of about US$6.2 billion for the year, up 12% over 2007’s US$5.5 billion.
LME Warehouse Levels (March 02, 2009)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Feb. 24, 2009 (change from Feb. 17 in brackets):