Kinross drops Pac Rim shares
Kinross Gold (K-T) has sold its entire stake in junior Pacific Rim Mining (PMU-T); the 17.6 million shares sold represent 22% of the latter’s share base.Toronto-based GMP Securities says institutional…
2004
CIM adopts guidelines for mineral estimation
The Canadian Institute of Mining, Metallurgy and Petroleum (CIM) has adopted best-practice guidelines for the estimation of mineral resources and mineral reserves, as recommended in a report released …
Majestic disappointed in Slovakia
Vancouver — Results from Majestic Gold’s (MJS-V) recently completed 4-hole drilling program at the Ceske Brezovo prospect in Slovakia failed to return any significant gold mineralization.Majestic was…
Orezone tests Bondi project
The first seven infill holes drilled on the Bondi gold property in Burkina Faso have returned encouraging results for Orezone Resources (ORZ-T).The reverse-circulation (RC) program focused on the Main…
Daily Metal Prices (January 05, 2004)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateDec. 29Dec. 26Dec. 25Dec. 24Dec. 23Al Alloy1456/149…
Junior exchange shows holiday cheer
Vancouver — Canada’s junior exchange continued to gain ground over the holiday-shortened week ended Dec. 29. The S&P-TSX Venture Exchange composite index tacked on 64.75 points, or 3.89%, to close at…
Trading Summary (January 02, 2004)
The Toronto market was higher in the first day’s trading of 2004, as the TSX Composite index rose 72.81 points to 8…
Lumina acquires Relincho deposit
Vancouver — Lumina Copper (LUM-V) has inked a deal with Andes Pacific Development to acquire a 100% interest in th…
Taseko eyes Gibraltar rebirth
Vancouver — A mining investment partnership is looking to raise up to $35 million in an effort to resume operation…
Klipspringer trips over exchange rate klip
The rising South African rand has forced SouthernEra Resources (SUF-T) to suspend operations at its Klipspringer di…