Siberian mines power High River Gold in 2002
Toronto-based High River Gold Mines (HRG-T) saw its revenues more than triple during the first half of the year as it began consolidating operating results from the Russian gold-mining company OJSC Bu…
News
Critic should give examples
Two articles in the Financial Post on resource and reserve estimation in the mining industry (“Whistleblower raises doubts over orebodies” and “Consultant Jan Merks — a bit of a rebel,” Sept. 30/02) …
Dynatec eyes producer status (November 04, 2002)
With demand for contract mining slumping, Dynatec (DY-T) saw its third-quarter profit fall to $20,000 (or nil per share) from year-earlier earnings of $2.7 million (2.4 per share). Revenue between th…
Bema looks to Russia for high grades
Vancouver — Bema Gold (BGO-T) has inked a deal with the government of the Chukotka, an autonomous region in northeastern Russia, to acquire up to a 75% interest in the high-grade Kupol gold and silve…
Int’l Gold drills Myrtle
Vancouver — International Wayside Gold Mines (IWA-V) reports that assay results from two of five holes on its Myrtle claims have intersected high-grade gold mineralization.Situated near Wells, B.C., …
GREATEST VALUE TRADED, OCTOBER 29
ExchgVal($000s)HighLowCloseChangeOM Group*N13730312.558.708.95-21.95…
Black Swan eyes bedrock source of Brazilian diamonds
The recent acquisition of De Beers’ Brazilian assets has netted Black Swan Resources (BSW-T) not only the small Canastra-1 diamond-bearing kimberlite pipe but an extensive portfolio of mineral licence…
Iamgold, Repadre agree to combine
Two of the smaller but richer companies in the gold business, Iamgold (IMG-T) and Repadre Capital (RPD-T), have announced plans to merge in an all-share transaction that would see Repadre shares trade…
Kinross inks Omolon deal
Kinross Gold’s (K-T) 54.7%-owned Russian subsidiary, Omolon Gold Mining, has inked a deal with the Magadan administration and most of its Russian shareholders that will ensure the full payment of loan…
Eldorado stays in black
Vancouver — With production back to normal at the Sao Bento mine in Brazil, Eldorado Gold (ELD-T) managed to turn a solid profit in the third quarter.Earnings for the period totalled US$2 million (or…
Corrections (November 04, 2002)
Southern Star Resources is a wholly owned subsidiary of Colorado-based Golden Star Resources (GSC-T). Shares of publicly listed Southern Star Resources (YSO-V) trade on the Toronto Stock Exchange with…
NovaGold hits high grade at Donlin Creek
Ongoing drilling by NovaGold Resources (NRI-T) at the Donlin Creek gold deposit in Alaska has cut high-grade gold mineralization within the modeled confines of the Acma pit.Initial results from the st…