Overproduction hurts mining
“Mining faces some of the most difficult challenges of any industry and is distrusted by many . . .” (T.N.M., Facts ‘n’ Figures, July 29-Aug. 4, 2002). In fact, the boot is on the other foot.The minin…
News
Trading Summary (August 30, 2002)
The Toronto Stock Exchange finished the week in fairly leisurely trading before the long holiday weekend, as the TS…
Placer extends AurionGold offer, reduces hedge book
A day after deciding to reduce its hedgebook, Placer Dome (PDG-T) has extended its takeover offer for AurionGold, a…
Kiniero startup positive for Semafo
The start of mining at the Kiniero gold project in Guinea provided Semafo (SMF-T) with substantial cash flow in the…
Avocet takes over Nelson’s Tajik assets
In a corporate decision to concentrate on its oil and gas interests, Nelson Resources (NLG-T) has reached an agreem…
Trading Summary (August 29, 2002)
The golds continued to set the pace on the Toronto Stock Exchange on Thursday gaining10.05 points or 5.7% to make 1…
Cambior ups Rosebel’s reserves
Cambior (CBJ-T) has tabled the results of a feasibility study of its Rosebel open-pit gold project about 80 km sout…
Platosa resource estimate tabled
Partners Excellon Resources (EXN-V) and Apex Silver Mines (SIL-X) have tabled a mineral resource estimate for the P…
Bema eyes Salvadoran gold and silver
Vancouver — Bema Gold (BGO-T) has inked a deal with Intrepid Minerals (IAU-V) for an option to earn up to 75% of t…
Five pipes found on Victoria Island
With five new kimberlite discoveries under their belt, Diamonds North Resources (DDN-V) and Canabrava Diamond (CNB-…
Bullmoose coal mine reduces work force
Vancouver — The Bullmoose coal mine, situated in northeastern British Columbia, announced that it had to reduce it…
Trading Summary (August 28, 2002)
The Toronto Stock Exchange’s gold index managed to hang on to afternoon gains and weather a late-day dive coming in…