Northern Empire Stornoway set merger
Vancouver – Earlier this month, BHP Billiton (BHP-N) picked up a 20% stake in the Aviat diamond project in Nunavut…
News
NAP coasts on stronger loony
The weaker U.S. dollar has enabled North American Palladium (PDL-T) to overcome substantial increases in operating…
Peruvian regulator returns preliminary review of Tambogrande
The Instituto Nacional de Recursos Naturales (Inrena), the Peruvian government agency charged with advising the gov…
Eldorado revises production estimates at Sao Bento
Vancouver — The strengthening Brazilian currency combined with Eldorado Gold’s (ELD-T) capital expansion plan has…
LME Warehouse Levels (May 19, 2003)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, May 13 (change from May 6 in brackets):MetalStock(tonnes)ChangeAluminium1170200(-2662…
Anaconda eyes Pine Cove (May 19, 2003)
Anaconda Gold (ANX-V) has inked a deal to acquire up to a 60% stake in New Island Resources’ (NIS-V) Pine Cove gold project, near Baie Verte, Nfld.New Island Resources is based in St. John’s, Nfld.Tor…
High River in black for 2002 (May 19, 2003)
High River Gold (HRG-T) has finished 2002 with earnings of $1.7 million, an improvement over 2001 when asset writedowns left it with a loss for the year.Earnings for 2002 amounted to 2 per share but …
Apex revises San Cristobal
Prompted by new regulatory guidelines, Apex Silver Mines (SIL-X) has updated its reserve estimate for the advanced San Cristobal silver-zinc project in southwestern Bolivia.Proven and probable reserve…
Exchange Rates (May 19, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateMay 13May 12May 9May 8May 7US$ in C$1.38981.38871.39271.3952…
Golds slump in quiet market
The Toronto market plunged early in the five trading days May 7-13 but rallied to finish the period fractionally higher. The TSX composite index closed May 13 at 6,702.91, up 9.2 points over the previ…
Gold prices help quarter at Buenaventura (May 19, 2003)
Higher production and an improved gold price buoyed up the top line for Compania de Minas Buenaventura (BVN-N) in the first three months of 2003.The Peruvian gold and silver miner posted net earnings …
Drilling confirms copper-gold at Afton (May 19, 2003)
Vancouver — DRC Resources (DRC-T) has tabled results from two infill holes drilled at its Afton copper project, near Kamloops, B.C.The two holes were collared near previous hole 2K01-49 and are part …