News


Donald E.G. Schmitt

Donald Schmitt, former head of Pamour Porcupine Mines and senior vice-president of Noranda, has died. He was 89….


Gold Fields trims costs

Vancouver — Cost-reduction programs and increased production helped Gold Fields (GFI-N) boost operating profits by 40% during its latest quarter ended Dec. 31, 2004….


Rising dollar bats resource stocks

Resource stocks in general fell during the period Feb. 2-8, even as major U.S. stock indices gained. The Dow Jones Industrial Average picked up 1.6% over the period, closing at 10,724.63. Strength in…


Alexis advances Cadillac properties

Alexis Minerals (AMC-V) has intersected significant values of gold and copper on its Cadillac Group properties, near Val d’Or, Que….


Noranda, Metallica buy El Morro royalty

Vancouver — Partners Noranda (NRD-T) and Metallica Resources (MR-T) have acquired a 2% net smelter return royalty on the El Morro copper-gold project in north-ce…


Golds clobbered

The Toronto Stock Exchange rose steadily through the report period Feb. 2-8, but the gold stocks lagged behind. Although the TSX composite index was up 122.58 points to 9,392.68, the TSX golds fell 3….




Diamond sector buoys juniors

Junior mining stocks edged higher over the trading period Feb. 2-Feb. 8 despite weaker metals prices. The TSX Venture Exchange eked out a 7.5-point gain, or less than 1%, to finish the period at 1812….


Literacy program gives back

BHP Billiton Diamonds has realized significant gains through the workplace literacy programs it put in place for its Ekati mine, 300 km northeast of Yellowknife, N.W.T….


Hot holes at Berenguela

Vancouver — Silver Standard Resources (SSO-T) is encouraged by drill results from the Berenguela silver-copper-managanese project in southern Peru. The junior has an option on the…


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