Glamis moves El Sauzal forward
Last year’s merger with Francisco Gold delivered two major gold projects that will play a key role in the future of Glamis Gold (GLG-T) as it turns its attention to a new generation of low-cost mines …
News
Technical sessions dominate CIM convention
Montreal, Que. — The technical sessions at the recent convention of the Canadian Institute of Mining, Metallurgy and Petroleum began with a 2-day symposium on the country’s iron ore industry, which h…
Editorial Cartoon (May 19, 2003)
Consolidation affects exploration
You don’t need hyperspectral imaging or the latest in magnetotellurics to figure out that the impact of consolidation on exploration has been substantial. The last half-decade has been one of the hars…
The Northern Miner Indices (May 19, 2003)
North American Mining: 66.70 (-0.10)Small Producers: 64.03 (+0.76)(Sept. 30/98 = 100)…
Newmont predicts brighter future for gold
A year after it became the world’s largest gold miner as a result of merging with Normandy Mining and Franco-Nevada Mining, Newmont Mining (NEM-T) remains as bullish as ever about the yellow metal.Spe…
Southwestern cuts more gold at Boka (May 19, 2003)
Vancouver — Southwestern Resources (SWG-T) has tabled further encouraging results from the Boka gold project in the southern Chinese province of Yunnan.The latest drilling was focused on the area kno…
Shareholders may not want to be subordinate Control freaks
Annual meeting season has seen some of its usual theatrics and high jinks this year, but one theme has popped up in several places: shareholders, especially large ones, are tired of capital structures…
Anglo, Gold Fields reject mediation offer
Anglo American and Gold Fields have rebuffed an offer by Anglican Archbishop Ndungane Njongonkulu to mediate in a lawsuit against the companies for alleged human rights abuses during apartheid.Anglo a…
Kinross axes 75 jobs at Lupin
Kinross Gold says it will lay off 75 workers at the Lupin gold mine, 80 km south of the Arctic Circle in Nunavut.The miner posted a US$13.3-million loss in the recent quarter and says the layoffs woul…
Apollo Gold goes batty
Florida Canyon Mines, a subsidiary of Denver, Colo.-based Apollo Gold, has joined forces with the Nevada Division of Wildlife (NDOW), the Bureau of Land Management (BLM), and Bat Conservation Internat…
Barrick plans buyback (May 19, 2003)
Barrick Gold (ABX-T) has budgeted up to US$500 million for a share buyback program aimed at propping up its faltering share price.The world’s third-largest gold producer plans to buy up to 35 million …