Globex options out Russian Kid
Globex Mining Enterprises (GMX-T) has optioned the Russian Kid gold deposit, near Rouyn-Noranda, Que., to Dasserat Resources.To acquire the property, privately held Dasserat must make option payments …
News
Low-cost El Peon drives Meridian
Second-quarter earnings at Meridian Gold (MNG-T) were somewhat lower than in 2002, but low costs at the El Penon mine kept the company well in the black. For the three months ended June 30, Meridian e…
Northern Miner Indices (August 04, 2003)
Barrick GoldABX-T19.4%CamecoCCO-T3.6%FalconbridgeFL-T4.7%Freeport McM BFCX-N7.1%GoldcorpG-T4.4%IncoN-T7.8%Kinross GoldK-T4.3%Newmont MiningNEM-N24.1%NorandaNRD-T4.6%Phelps DodgePD-N…
South Africa produces less gold (August 04, 2003)
South African gold production in the first quarter of 2003, at 2,963,824.9 oz. was down 2.7% compared with the corresponding period of 2002. Moreover, production was down 6.8% from the quarter ended D…
Cambior pulls gold at Westwood
Drilling by Cambior (CBJ-T) at its Westwood property in northwestern Quebec has intersected gold mineralization at depth that appears to correlate with known zones at the Doyon gold mine, 2 km to the …
Producers jump with Metal Prices
Higher metal prices and a slew of earnings results pushed resources stocks generally higher over the July 23-29 report period. The gold and precious metals group finished the week 4.79 points ahead, a…
Trading Summary (August 01, 2003)
Trading on the Toronto Stock Exchange was heavy for a Friday heading into a long weekend, as the TSX Composite inde…
Currency exposure hits Gold Fields profit
Vancouver — South Africa’s third biggest gold producer posted a profit of US$93 million in the latest quarter, dow…
Virginia – BHP renew vows
Virginia Gold Mines (VIA-T) and BHP Billiton’s (BHP-N) diamond exploration arm have signed a third strategic agre…
Diadem doubles its Otish Mountain portfolio
Diadem Resources (DIR-V) has agreed to acquire some 1,552 staked claims covering around 810-sq.-km in the Otish Mou…
Trading Summary (July 31, 2003)
The Toronto Stock Exchange ended 52.93 points higher at 7,257.92 on Thursday with all but one of its subindices fin…
Agnico-Eagle buys Bousquet assets (July 31, 2003)
Agnico-Eagle Mines (AGE-T) is buying a 100% interest in Barrick Gold’s (ABX-T) Bousquet gold property, situated imm…