Stronger loonie affects PCS
Responding to the stronger Canadian dollar, Potash Corp. of Saskatchewan (POT-T) has lowered its earnings expectations for the second quarter.The world’s biggest producer of fertilizer says earnings w…
News
IMA explores Navidad bonanza silver discovery
An induced-polarization (IP) survey across the high-grade Navidad silver discovery in the Patagonia region of southern Argentina has identified a large chargeability anomaly with a surface footprint o…
Northern Dynasty fast tracks Pebble
Vancouver — Armed with a $5-million financing, Hunter Dickinson-led junior Northern Dynasty Minerals (NDM-V) is intensifying exploration efforts over the 89-sq.-km sulphide system on the Pebble gold-…
Anuri shows potential
Partial microdiamond results from core drilling on the Rockinghorse joint venture in the Coronation Gulf district of Nunavut continue to demonstrate the potential of the Anuri kimberlite.Operator Kenn…
Golden Star shines over Mampon (July 07, 2003)
Denver-based Golden Star Resources (GSC-T) has completed its $9.5-million acquisition of Ashanti Goldfields’ (ASL-N) Mampon property, 40 km northeast of Bogoso, Ghana.Mampon is home to a probable rese…
Queenstake closes Jerritt deal
Queenstake Resources (QRL-T) has acquired the Jerritt Canyon gold mine in Nevada’s Elko Cty., after wrapping up a previously announced brokered private placement of 105 million subscription receipts f…
Jewelry slump casts pall over gold market
(The following is from The Commodity Refiner, a monthly publication of Barclays Capital Research, and is concerned with gold and silver metals markets. Subsequent instalments will cover platinum group…
Canadian exploration trends
Annual spending on mineral exploration in Canada has stabilized above $500 million, after declining from a peak of $921 million in 1997 and a low of $497 million in 2000, according to a report publish…
Hawk lands at AfriOre’s FSC deposit
Toronto-based Hawk Precious Minerals (hawk-u) has agreed to take up to a half-interest in AfriOre’s (AFO-T) 1,090-sq.-km FSC gold project in South Africa.Hawk can earn an initial 35% by paying $20,000…
Bema cuts Russian high grade (July 07, 2003)
All but one of 43 holes drilled by Bema Gold (BGO-T) on the Kupol property in Chukotka, Russia, have intersected a 4-km-long epithermal gold-silver vein system.The program tested a 1.6-km portion of t…
Juniors wrap 3-way deal
Juniors St Andrew Goldfields (SAS-T), Royal Victoria Minerals (RVM-V) and United Tex-Sol Mines (UTX.A-V) have completed their previously announced 3-way merger.Under the deal, Royal Victoria…
Gold majors on the march
Even with gold languishing in the low US$350-per-oz. range, all the U.S.-listed gold majors enjoyed strong gains through the report period ended July 1.Sector-leader Newmont Mining jumped $1.58 to US$…