People (January 06, 2003)
Richmont Mines — Louis Dionne appointed president and CEO.Lakefield Minerals — William Urseth appointed president.AXMIN — Peter Lehner resigned as director.Tenke Mining…
News
Barrick stands out among explorers in 2002
‘Tis the season to be repetitive.New precious and base metals discoveries all but failed to make headlines in 2002, with most explorers remaining firmly attached to known deposits. Still, the tactic w…
The Northern Miner — North American Mining Index (January 06, 2003)
77.06 (+2.98)(Sept. 30/98 = 100)…
Gold and diamonds took spotlight in 2002
Vancouver — Market-watchers are optimistic the resurgence in the price of gold will help transform prospective properties into producing mines over the next few years.During 2002, Canadian companies …
The Northern Miner — Small Producers Index (January 06, 2003)
96.17 (+12.77)(Sept. 30/98 = 100)…
GREATEST VALUE TRADED, DEC. 23-27
ExchgVal($000s)HighLowCloseChangeNewmont Mng*N28053530.1528.6529.73+1.12…
Radius reports hot holes in Guatemala
Vancouver — Drilling at the Holly prospect in eastern Guatemala confirms the presence of low-sulphidation, high-grade gold and silver veins, as well as bulk-style disseminated gold mineralization.The…
Gold a safe haven once again, or so it seems Where the trouble ain’t
With gold touching US$350 per oz. on Boxing Day, we seem to be seeing the revival of the old relationship between the gold price and international tension. The old “safe haven” explanations for the me…
Second attack kills 13 at TVI’s Canatuan
Vancouver — Less than a month after receiving approval to develop the Canatuan polymetallic property in the Philippines, TVI Pacific (TVI-T) has again felt the impact of local rebels.In late December…
Asarco tables more cuts (January 06, 2003)
Vancouver — Asarco, a subsidiary of the world’s third-largest copper miner, Grupo Mexico, aims to cut production at its Mission mining complex in southern Arizona to 22,000 tonnes annually.The debt-r…
Ontario court awards damages to Kinbauri
The Ontario Superior Court of Justice has awarded junior explorer Kinbauri Gold (YKB-V) compensatory damages of $1.7 million plus prejudgment interest and costs, in relation to a failed 1990 merger ag…
BHP unloads CVRD stake (January 06, 2003)
Vancouver — Seeing little strategic value in holding on to its stake in iron ore producer Companhia Vale do Rio Doce (CVRD) (RIO-N), BHP Billiton (BHP-N) has agreed to sell its 2.1% indirect interest…