Gold sparks on Barrick news
Buyers overtook sellers over the Nov. 19-25 report period, pushing the Toronto Stock Exchange composite index up 84.95 points to a close of 7,822.34.Gold producers were not so lucky, as physical price…
News
Randgold looks at Loulo
Putting its unsuccessful bid for Ashanti Goldfields behind it, South African-based Randgold Resources says it is close to making a development decision on its promising high-grade Loulo gold prospect …
People (December 01, 2003)
Alcoa — Judith Nocito appointed corporate secretary and senior counsel.Firestone Ventures — James Porter appointed CFO and director.First Quantum — Robert Watts appointed independent l…
Watered-down grades hurt Semafo’s quarter (December 01, 2003)
Montreal-based Semafo (SMF-T) ended the third quarter of 2003 with a $3-million loss (4 per share), largely because of intense rain at the Kiniero mine in Guinea.Production fell to 9,862 oz. in the q…
Wheaton River ponies up for Amapari
The latest target of Wheaton River Minerals (WRM-T) is expected to boost the company’s annual production by a quarter, but the promise comes at a considerable premium.Since mid-2002, Wheaton has spent…
Higher Metal Prices drive Cerro Casale
Vancouver — Eleven years after partners Bema Gold (bgo-t) and Arizona Star Resource (AZS-V) discovered the Cerro Casale copper-gold deposit, majority owner Placer Dome (pdg-t) has started talks with …
First Quantum to Chile
African copper producer First Quantum Minerals (FM-T) has inked a deal that will see it take up grassroots exploration in the Chilean copper fields.The deal with private Chilean company MN Ingenieros …
Fox wins prospector award from BC Chamber
Peter Fox, who discovered the QR gold mine near Quesnel, B.C., will be presented with the British Columbia Chamber of Mines’ H.H. “Spud” Huestis Award, honouring excellence in prospecting.The award wi…
Aussie coal union calls for strike
Australia’s mining union says it will call a national coal mining strike to protest eroding safety standards.The Construction, Forestry, Mining & Energy Union (CFMEU) says the move is in response to t…
Editorial: Piling on Black
Some of us have noticed that there are, indeed, more than a few “weedy and not-very-bright leftists” writing for Canadian newspapers. Some of us have run across “arrogant and abrasive youngsters who s…
Goldcorp eyes Sidace Lake extension
Vancouver — Drilling success at Planet Exploration’s (PXI-V) Sidace Lake property has prompted Goldcorp (G-T) to pick up a majority stake in two more properties in Ontario’s Red Lake camp.The low-cos…
Court rejects Oka appeal
A Quebec court has rejected an appeal by the Union of Agricultural Producers (UPA) against an earlier ruling in favour of Niocan’s (NIO-T) niobium mining project in Oka, Que.The group had voiced conce…