Verena dusts off Bonfim (December 16, 2003)
With $1.8 million in hand from a recent private placement, Verena Minerals (VML-V) has begun preparation for dewate…
News
Trading Summary (December 15, 2003)
The energy, technology and health care sectors led the Toronto Stock Exchange 47.09 points lower to end Monday’s tr…
Kinross to exit Pacific Rim
Shares in Pacific Rim Mining (PMU-T) darted 34 lower to $1.69 in early trade on Dec. 15 after the company reported…
Eldorado tests prospects in western Turkey
Preliminary drilling in the Biga peninsula of western Turkey has returned mixed results for Eldorado Gold (ELD-T)….
Pacific Minerals closes 9.2 million financing
Vancouver — Pacific Minerals (PMZ-V) has closed two private placement financings, totalling $9.2 million.The f…
Editorial Cartoon (December 15, 2003)
The Northern Miner Indices (December 15, 2003)
North American Mining: 110.04 (-0.03)Small Producers: 109.08 (-2.85)(Sept. 30/98 = 100)…
Inmet’s Cayeli back on track
Cayeli, Turkey — Now that areas affected by last year’s cave-in have been fully rehabilitated and repaired, the Cayeli underground copper-zinc mine in Turkey is experiencing high production rates.The…
Metals Commentary: Barrick’s hedging moratorium explained
The recent announcement by Barrick Gold (ABX-T) Chairman Peter Munk that the company will not consider further forward sales of gold over the next 10 years nor roll any of its hedge contracts forward …
New life for Lucky Friday
Hecla Mining (HL-N) will proceed with major underground development at its wholly owned Lucky Friday silver mine in northern Idaho’s Coeur d’Alene camp, ensuring that the struggling operation will rem…
BHP Billiton axes quarterly reports
Melbourne-based BHP Billiton will no longer publish quarterly financial results.Instead, the company will only issue quarterly reports on production, exploration and development, in accordance with th…
Kinross, Bema aim to restart Refugio
Mining at the Refugio heap-leach gold operation, near Copiapo, Chile, is set to resume.The mine is owned equally by Kinross Gold (K-T) and Bema Gold (BGO-T), with the former acting as operator. The mi…