Teck, Mansfield persevere at Rio Grande
Vancouver-based junior Mansfield Minerals (MDR-V) is encouraged by results from the first round of drilling on the Rio Grande iron oxide-copper-gold prospect in northwestern Argentina. The program has…
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LaRonde to produce more gold
Having outlined more reserves, Agnico-Eagle Mines (AGE-T) intends to increase daily production to 7,000 tons at the LaRonde gold-copper mine, near Val d’Or, Que.Since it expanded the milling rate to 5…
Kennecott slashes copper output
Denver — Kennecott Utah Copper, a subsidiary of Rio Tinto (RTP-N), has suspended operations at the North concentrator and cut 235 workers in an effort to reduce costs.Operations, including rail haula…
Homestake buys Aussie project from Rio Tinto
Denver — In return for US$27.6 million, Homestake Mining (HM-N) will acquire the Cowal project in New South Wales, Australia, from North Gold (WA), a wholly owned subsidiary of Rio Tinto (RTP-N).Acco…
Cassiar settles insurance claim
An investment group holding 49.62% of Cassiar Magnesium (CIR-T) says its decision to terminate senior management, including former chairman Clifford Frame, was done “in the best interest of all shareh…
Atna Res alters strategy
Vancouver — Atna Resources (ANT-T) has received low-grade results from a 3-hole drill program targeting the past-producing Lone Pine base metal mine, near Mayer, Ariz., and, as a result, is shifting …
Resource stocks mixed as broad market coasts
The Toronto Stock Exchange slipped a mild 6.81 points over the May 30-June 5 report period to end the week at 8,258.82.The yellow metal sank US$6.70 to land at a London fix of US$266.95 per oz. on the…
Tungsten grades buoy Tiberon
Vancouver — Calgary-based Tiberon Minerals (TBR-V) has tabled more encouraging results from ongoing drilling at its Nui Phao Tungsten project in Vietnam.The latest holes, 32 and 33, were collared in …
Few bright spots in down market
Denver — The Dow Jones industrial average climbed 136.70 points, or 1.2%, to 11,175.84 during the report period ended June 5, while spot gold slumped to US$265.70 on the Comex division of the New Yor…
Drilling expands Hope Bay deposit
Vancouver — Drilling by partners Miramar Mining (MAE-T) and Hope Bay Gold (HGC-T) at the Hope Bay project in Nunavut has expanded the Boston South, Naartok, P112 and Suluk zones.At the newly discover…
Sudbury Contact drills Tonkin Springs
Denver — Drilling at the Tonkin Springs gold project in central Nevada is about to resume, in preparation for a new resource estimate.Toronto-based Sudbury Contact Mines (SUD-T), a 57%-held subsidiar…
Noranda, Falco sue Boliden
Noranda (NOR-T) and affiliate Falconbridge (FL-T) have filed a lawsuit in the Ontario Superior Court of Justice against Swedish-Canadian miner Boliden (BOL-T) and affiliated companies over Boli…