News

The newly constructed San Martin mine, which will likely become the flagship operation of Glamis Gold (GLG-T), made its first shipment of gold from Honduras in mid-December 2000.The 4,000-oz. shipment…

NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T20.7ComincoCLT-T4.5FalconbridgeFL-T6.3Franco-Nevada MiningFN-T5.8Freeport McMoRan Cop’r BFCX-N4.0Homestake MiningHM-N3….

Montreal-based Afri-Can Marine Minerals (AFA-M), formerly known as Nora Exploration, has completed aerial and marine geophysical surveys of blocks J and B at its marine diamond concession north of Lud…

Falconbridge (FL-T) has filed a detailed response to a charge of unfair labour practices lodged by Canadian Auto Workers (CAW) union local 598 in Sudbury, Ont.A company spokesman says the union’s comp…

Denver — Rio Tinto Mining & Exploration, a subsidiary of London-based Rio Tinto (RTP-N), has inked a deal with Guyanor Ressources (GRL.B-T) and Golden Star Resources (GSR-X) to explore the Pau…

Shareholders of Ivanhoe Mines (IVN-T) overwhelmingly approved a merger with ABM Mining that will create an international mining company with copper operations in Myanmar (formerly Burma) and iron-ore …

Sarmin Exploration, a private Ontario company with an exploration portfolio in the Dominican Republic, has begun trading publicly following a reverse-takeover of Quebec-based Boreal Exploration (BOR-M…

Palladium was the bright light among the precious metals during the Jan. 3-9 report period, at last cracking the US$1,000-per-oz. barrier to reach a record high of US$1,047 per oz. Prices for palladiu…

Denver — The sudden interest rate cut by the U.S. Federal Reserve put a charge into the market on Jan. 3, only to see record-setting gains evaporate. The market finished the report period ended Jan. …