Aurizon advances Casa Berardi
Vancouver-based Aurizon Mines (ARZ-T) has privately placed 3.7 million flow-through shares at $1.35 apiece to raise…
News
Placer Dome enjoys record quarterly profit
Vancouver — Increased production and a higher realized gold price enabled Placer Dome (PDG-T) to generate record earnings in the first quarter.The company earned US$64 million (or US16 per share) on…
Barrick’s earnings slump as costs rise
Whereas most gold companies saw their bottom lines strengthened during the first quarter, Barrick Gold (ABX-T) suffered shrinking profits and revenue as production fell and costs rose at many of its b…
Editorial Cartoon (May 12, 2003)
Here’s to a soft landing
The decline of the United States dollar on international currency markets is, like the dot-com meltdown, one of those things everyone will say he saw coming a long time ago.It’s no great distinction t…
Ditem adds pipe at Tichegami
Ditem Explorations (DIT-V) has intersected kimberlite while testing a couple of distinct geophysical targets while drilling on the Tichegami property in north-central Quebec.The newly designated H-3 a…
Franco’s Nevada royalty on block
One of the most valuable assets in the Nevada gold belt — Franco-Nevada Mining’s royalty interests in the burgeoning Goldstrike mine — is for sale.Situated in the Carlin gold trend, near Elko, and a…
Placer to offload Falco stake
Placer Dome wants to divest itself of its interest in Falconbridge.Placer has a 14% share interest in the nickel producer, representing about 15.6 million shares. Placer’s Falconbridge shares are held…
Less gold worth more in Nevada
Nevada mines produced 7.7 million oz. gold in 2002, down about 5% from 2001, according to company reports compiled by the Nevada Division of Minerals.Nevada remains the top gold-producing state, while…
More gold in the Klondike
Steeped in the folklore of the Klondike and in the great gold rush of 1896, the Yukon is once again making a significant contribution to Canada’s cumulative gold output.This time, however, the product…
US House passes silver study
The U.S. House of Representatives has passed legislation that includes a provision for a 3-year study on the potential use of silver and gold in industrial and automotive catalytic processes. The stud…
New law raises accounting fees
The Sarbanes-Oxley law, which was a direct result of the accounting scandals at WorldCom and Enron, is proving a financial drain on mining companies.Newmont Mining, for example, saw huge increases in …