Constellation goes supernova
The Toronto Stock Exchange’s S&P-TSX composite index rose steadily over the Feb. 25-March 2 report period, ending 170.7 points higher at 8,808 despite a 1.5% drop at the period’s end. The gold index m…
News
Tenke raises funds for Vicuna
Vancouver — Tenke Mining (TNK-T) will sell 3 million shares to a syndicate of underwriters in return for $8.25 million, some of which will be used to explore the Vicuna copper-gold-silver project in …
Gold Fields takes pass on Miyabi
In spite of some significant intersections in recent drilling, South African mining house Gold Fields (GFI-N) has turned down its option on the Miyabi project in the Lake Victoria goldfields of Tanzan…
Apollo Gold sizes up Black Fox near Timmins
Armed with nearly 83,000 metres of drilling in 296 holes, Apollo Gold (APG-T) has tabled an initial reserve estimate for the Black Fox gold project, near Timmins, Ont.Based on a gold price cutoff of U…
Gold miners stalk quarry in elephant country
Ghana was once known as “the gold coast of Africa,” and, with annual production of 2.3 million oz., the country remains the second-largest gold-producing nation on the continent.With the recent upswin…
Island of Sardinia wakes up to mineral exploration
Geologists are a rugged bunch, usually working without many of the amenities we commonly take for granted and in places where most of us would fear to tread. Well, that’s true of most geologists. Then…
UME whips San Gregorio into shape
Montevideo, Uruguay — One man’s poison has proved to be another man’s meat in Uruguay, thanks to Australian ingenuity, persistence, and good timing.Uruguay Mineral Exploration (UME-V) has not only tr…
Southern Rio cuts gold at 3Ts project (March 08, 2004)
Vancouver — Southern Rio Resources (SNZ-V) has tabled encouraging assay results following exploration drilling on the 3Ts project in central British Columbia.The program tested several targets on the…
SEC nabs ‘Runaway Ron’ (March 08, 2004)
American regulators have filed a civil suit against Ronald V. Markham, a promoter described by securities regulators on several continents as “the ultimate con man.”A report by Brent Mudry in Canada S…
LME Warehouse Levels (March 08, 2004)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, March 2 (change from Feb. 24 in brackets):MetalStock(tonnes)ChangeAluminium1393675(+8…
Falconbridge ratifies new deal in Sudbury
Falconbridge (FL-T) has avoided another strike at its nickel operations in Sudbury, Ont., by signing 220 unionized office, clerical and technical employees to a 3-year labour pact just hours before th…
Southwestern Res. soars on Boka discovery
With shares trading at about $35, Southwestern Resources (SWG-T) has been given a rousing vote of confidence for its exploration efforts at the Boka gold project in southern China.The Vancouver-based …