MK Gold explodes
Salt Lake City-based micro-cap explorer MK Gold has its moment in the sun during the period ended Feb. 10, topping the list of percentage gainers amongst all the U.S.-listed mining stocks. MK rocketed…
News
Pan American to buy Morococha silver mine
A binding agreement sets the stage for Pan American Silver (PAA-T) to buy the Morococha silver mine, 150 km northeast of Lima, Peru.The proposed acquisition reflects Pan American’s goal of becoming th…
Grayd explores La India (February 16, 2004)
A surface program by Grayd Resources (GYD-V) is assessing the mineral potential of a high-sulphidation epithermal gold property in Sonora state, Mexico.The property, known as La India, consists of thr…
Gold takes centre stage at Roundup
Vancouver — A mining industry almost giddy with excitement was in evidence at the 21st annual Mineral Exploration Roundup, held recently at this city’s Westin Bayshore Resort and Marina.The theme of …
Anaconda Peru sells Magistral
Vancouver — Inca Pacific Resources (IP-V) will buy Anaconda Peru’s 51% interest in the Magistral copper-molybdenum project in Peru for US$2.1 million, boosting its stake to 100%.The deal has yet to b…
Udon not a done deal
With reference to your article on Asia Pacific Resources (T.N.M., Jan. 2-8/04), it is important to note that, according to the terms of the memorandum of understanding signed with China’s state-owned …
Mining resumes at LaRonde
Agnico-Eagle Mines has resumed full-scale underground mining at its LaRonde gold mine in northwestern Quebec following a fatality.Mining had been scaled back by about 30% to 5,000 tons per day after a…
Dutch courage
“No money disappeared, [there were] just non-existent assets.” — Michele Ributti, lawyer for Callisto Tanzi, former CEO of scandal-plagued Italian company Parmalat.How reassuring to know that the eur…
Throne speech good harbinger
The Mining Association of Canada (MAC) sees good signs in Ottawa’s recent throne speech.MAC President Gordon Peeling says it is the first throne speech in a long time that clearly recognizes the value…
It’s all in the US dollar: Scotia Capital
A forecast for a continued decline in the greenback, outlined in the research booklet Focus 2004: Outperformers and Underperformers for 2004, underpins much of Scotia Capital’s predictions for the glo…
Sunridge explores in Eritrea (February 16, 2004)
Two drills are testing the Debarwa copper-gold deposit in Eritrea. The near-surface, volcanogenic massive sulphide deposit is part of the 1,400-sq.-km Asmara project held by partners Sunridge Gold (SG…
ATAC eyes Chinese prospects
Vancouver-based ATAC Resources (ATC-V) plans to scour China for mineral deposits, focusing on regions where the geology and metallogeny resemble those of the northern Cordillera.The joint-venture expl…