Int’l Curator back at Assean Lake
Now that the winter freeze has set in, International Curator Resources (IC-T) is resuming exploration at the Assean Lake gold project in north-central Manitoba.The program is budgeted at $580,000 and …
News
Black empowerment in South Africa
The past year was momentous for South African mining. The adoption of radical regulations ushers in a non-racial, competitive and socially inclusive era in the industry.It is unrealistic to imagine th…
Cameco, partners buy BE’s Bruce Power interest
The world’s largest uranium producer is adding to its portfolio of downstream uranium assets.Just before the Christmas break, Saskatoon-based Cameco (CCO-T) joined forces with TransCanada PipeLines (T…
Cardero buoyed by Argentine silver
Vancouver — Last year was a banner one for Cardero Resource (CDU-V), and with a $2.9-million financing in hand, the junior aims to step up exploration in 2003.Over the past year, the junior saw its s…
The Northern Miner — North American Mining Index (January 13, 2003)
75.38 (-1.68)(Sept. 30/98 = 100)…
Ivanhoe extends Far North Oyu zone
Vancouver — Geophysical surveying of the Turquoise Hill copper-gold project in Mongolia indicates that the Southwest, Central and Far North Oyu zones are all part of one mineralizing system.Ivanhoe M…
Iamgold-Repadre merger goes through
Following a positive vote by its shareholders and an order in the Ontario Superior Court, gold royalty company Repadre Capital (RPD-T) has been merged into Iamgold (IMG-T).The friendly merger, agreed …
Alcoa
A new estimate indicates that the past-producing Macassa mine has a proven and probable reserve of 726,000 tonnes grading 15.4 grams gold per tonne, or 356,300 oz. gold.Kirkland Lake Gold (KGI-V) repo…
Resource stocks turn cold in new year
Although still 14% lighter than a year ago, the Toronto Stock Exchange composite index gained a hefty 155.16 points over the Dec. 31-Jan. 7 report period to finish at 6,772.66.Gold nosedived at first,…
Alcoa posts surprise loss
Alcoa (AA-N) posted a fourth-quarter loss of US$223 million after announcing plans to cut 8,000 jobs at 70 locations worldwide. The loss represents US27 per diluted share.By comparison, the company i…
ECU most active trader during skittish week.
Vancouver — Mining stocks continued to move and shake on Canada’s junior exchange during opening days of 2003. The S&P composite index closed up 43.08 points, or 4.1% of its value, to finish the week…
LME Warehouse Levels (January 13, 2003)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Jan. 7 (change from Dec. 27 in brackets):MetalStock(tonnes)ChangeAluminium1237275(-12…