Goldcorp sells gold hoard
Goldcorp (G-T) has sold off its gold hoard and intends to distribute most of the profits to its shareholders in the form of a special dividend.Debt-free and a long-time true believer in a nascent bull…
News
Rio Narcea to drive ramp at Aguablanca (December 22, 2003)
Anxious to catch the peak of nickel prices, Rio Narcea Gold Mines (RNG-T) plans to begin developing its Aguablanca underground nickel project in western Spain even before open-pit mining starts.Aguabl…
Partners step up work at Windfall Lake
With results from the remaining holes now in hand, partners Fury Explorations (FUR-V), Alto Ventures (ATV-V) and Noront Resources (NOT-V) are preparing for their next drill campaign at the Wind…
SAGC raises Pimenton funds (December 22, 2003)
Aiming to restart the Pimenton gold-copper mine in Chile, South American Gold & Copper (SAG-T) has raised $3.5 million by privately placing 49.88 million units at 7 apiece.On a daily basis between 19…
GFMS tables Russian report
Since emerging from its financial crisis in 1998, the Russian economy has improved significantly, which is reflected in its mining sector, according to a report from Gold Fields Mineral Services (GFMS…
Editorial Cartoon (December 22, 2003)
What might have been
To almost nobody’s surprise, the past week saw another controversial mining development stalled. On Dec. 10, Minera de Centro del Peru (better known as Centromin) gave notice it was terminating the ag…
Junior exchange slumps as investors take profits
Vancouver — Canada’s junior exchange took a hit over the week ended Dec. 16 as investors took profits prior to the Christmas holiday. The S&P-TSX Venture Exchange composite index lost 61.78 points, o…
EPA seeks co-operation from Teck Cominco
The U.S. Environmental Protection Agency could proceed with legal action against Vancouver-based Teck Cominco over pollution of a river system that straddles the U.S.-Canada border.The EPA alleges tha…
Southern Star places new shares
Southern Star Resources (SSR-V) has issued more than 1 million flow-through shares to raise $525,000 in gross proceeds.The shares were issued as part of a private placement closed in late November. An…
New zone at Wassa
Denver-based Golden Star Resources (GSC-T) has discovered a new zone of gold mineralization at its Wassa property in Ghana, fueling hopes that it will expand the resource.Studies into the feasibility …
Kalahari cuts gold at Lamaque (December 22, 2003)
Exploration drilling by Kalahari Resources (KLA-V) at the Lamaque property in northwestern Quebec has intersected some high-grade gold mineralization.Hole SX03-07 tested a down-plunge extension of a g…