Mirabel to acquire Rocmec
Montreal-based junior explorer Mirabel Resources (RMB-V) plans to acquire privately owned Rocmec International.The two originally teamed to develop and exploit Rocmec’s thermal fragmentation technique…
News
Coeur makes hay while silver shines
Improved silver prices and a major restructuring program have put Coeur d’Alene Mines (CDE-N) in a position to advance two new mine projects to the feasibility stage.If all goes as planned, Coeur will…
Another stellar year for Goldcorp (March 01, 2004)
The rich Red Lake gold mine in northwestern Ontario bestowed its blessings on Goldcorp (G-T) for another year, generating record profits and yielding another million ounces of resources.The company’s …
De Beers sees Canada as shining light
Overall, 2003 proved to be a good year for the De Beers group of companies and the diamond industry as a whole.Rough diamond sales of US$5.52 billion by the Diamond Trading Co. (DTC), De Beers’ market…
Oglebay Norton files for Chapter 11
The biggest flameout during the period ending Feb. 24 was Oglebay Norton’s filing for bankruptcy protection on Feb. 23.The Cleveland-based company ships limestone, coal and iron ore on the Great Lakes…
Trading Summary (February 27, 2004)
Toronto’s gold stocks ended 1.36 points lighter at 211.28 on Friday, as the yellow metal rose US$1.30 to US$396.10…
River Gold adds ounces at Eagle River (February 27, 2004)
Two new discoveries last year by Toronto-based junior River Gold Mines (RIV-T) near its Eagle River high-grade gold…
Metallica breaks ground at Cerro San Pedro (February 27, 2004)
Projected costs at the Cerro San Pedro heap-leach gold-silver project in central Mexico are expected to fall follow…
Agnico-Eagle’s gold reserves approach 8 million oz. (February 27, 2004)
A year of furious drilling has allowed Agnico-Eagle Mines (AGE-T) to nearly double reserves to 7.9 million oz. gold…
Aurizon shores up 113 zone
Underground drilling by Aurizon Mines (ARZ-T) has confirmed the grade and continuity of the 113 zone at the Casa Be…
Trading Summary (February 26, 2004)
Toronto’s gold stocks rebounded to the tune of 3.45 points on Thursday, as gold recovered from early losses to end…
Falco’s non-production staff rejects deal
Some 220 office, clerical and technical employees at Falconbridge’s (FL-T) Sudbury operations have turned down the…