Sur digs gold at Comval
Preliminary trenching by Sur American (SUR-V) has turned up bonanza gold grades at the Comval project in the Eastern Mindanao belt of the Philippines.Sur is focusing on a large epithermal zone in hope…
News
Gammon to expand Northeast Ocampo
Dartmouth, N.S.-based Gammon Lake Resources (GAM-T) has launched a 65,000-metre drill campaign on its Northeast Ocampo gold-silver property in Mexico.The drilling is designed to expand and upgrade the…
Spot Prices Wednesday August 27, 2003 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$364.30+2.10Silver$5.000.00Platinum$696.00-8.00Pa…
Exchange Rates (September 01, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateAug. 26Aug. 25Aug. 22Aug. 21Aug. 20US$ in C$1.39021.39791.40991.4…
Freeport reduces debt
Freeport-McMoRan Copper & Gold was the biggest newsmaker south of the border during the report period ended Aug. 26, as it announced it had converted US$311 million worth of notes into 21.8 million sh…
The value of Canadian mining
Despite significant growth in the Canadian economy over the past 20 years, the Canadian mining industry’s contribution to the gross domestic product has remained relatively stable within a range of 3….
NAP sizes up Lac des les underground (September 01, 2003)
North American Palladium (PDL-T) will launch a full feasibility study of a proposed underground mining operation targeting the Main High Grade zone at its Lac des Iles palladium-platinum mine, 85 km n…
Inco, union reach deal
Inco (N-T) and the United Steelworkers of America locals 6500 and 6200 have reached a tentative agreement after resolving a 13-week stalemate that centred on health-care and pension benefits.The union…
Glencairn targets flow-through financing
Vancouver — Glencairn Gold (GLJ-V) intends to raise $1.6 million via a placement of 3.6 million flow-through warrants priced at 45 each.Each special warrant is exercisable, at no cost, into one flow…
Alcan submits formal bid for Pechiney
Alcan (al-t) has submitted its 3.4-billion-euro bid for French rival Pechiney to the European Commission. The Montreal-based aluminum giant had launched its hostile bid in early July but held off form…
Newmont buys Ntotoroso
Newmont Mining (NEM-N) will consolidate its holdings in the Yamfo-Sefwi belt in Ghana by buying Moydow Mines International’s (MOY-T) half-interest in the gold project known as Ntotoroso.The major will…
Diamondiferous gravels outlined at Tirisano (September 01, 2003)
An independent resource update has increased the volume of diamondiferous gravels at the Tirisano mine in South Africa, reports Etruscan Resources (EET-T) and Mountain Lake Resources (MOA-V).South Afr…