News

An update of the feasibility study on the Aljustrel zinc project in Portugal shows increased capital costs, partly offset by higher revenues.

Higher coal prices helped push Hillsborough Resources (HLB-T) back into the black in 2003.

Gold’s decline to below US$400 per oz. during the report period April 14-20 took its toll on the junior mining sector.

Ivanhoe Mines (IVN-T) has hired investment banks CIBC World Markets and Citigroup Global Markets to help sort through several offers of interest regarding its Oyu Tolgoi copper-gold project in Mongolia.

Toronto-based Crystallex International (kry-t) is proceeding with exploration work including drilling while it awaits approvals to build a mine at Las Cristinas, a bulk-tonnage gold deposit in Venezuela’s Kilometre 88 gold district.

Drilling by partners Spider Resources () and KWG Resources (KWG-V) has intersected a new kimberlite pipe on the MacFadyen property in the James Bay Lowlands region of Ontario.

Patricia Mining (PAT-V) will de-water the Lochalsh ramp at its Island Gold project, 70 km southeast of Hemlo, Ont., in anticipation of underground development.

Vancouver-based Western Canadian Coal (WTN-V) has offered to explore and evaluate Talisman Energy’s () Sukunka coal licences in northwestern British Columbia.

A 20,000-tonne bulk sample from the Croinor gold deposit in northwestern Quebec has proved to be higher-grade than had been modelled in resource drilling.

Maintenance work at the mill that serves North American Palladium‘s (PDL-T) Lac des les mine, near Thunder Bay, Ont., cut into palladium production during the first three months of 2003.