News

Pan American posts record output (March 03, 2003)

Vancouver — Thanks to its mainstay Huaron mine in Peru, Pan American Silver (PAA-T) produced a record 7.8 million oz. silver from its four mines in 2002, a 12% rise from the 2001 total.The company ma…


Agnico-Eagle looks to spread its wings

Determined not to remain a one-mine company, Agnico-Eagle Mines (AGE-T) has unveiled plans that would see it exploit two gold deposits, Lapa and Goldex, both of which are within trucking distance of i…


BHP enjoys higher output at Ekati mine

BHP Billiton’s (BHP-N) share of mine production at Ekati in the Northwest Territories was 1.1 million carats in the recent fourth quarter — 15% higher than in the corresponding period of 2001 and 12%…



Golds slip in bouncy trading

U.S. markets had a bouncy week, with the Dow Jones Industrial Average covering a 150-point spread in the report period Feb. 19-25, before settling at 7,909.50. The golds were down and the base metal p…


Changes in the cobalt market

In the past 25 years, there have been numerous major changes in the cobalt market. Prior to 1978, cobalt was almost exclusively supplied from Zaire (now the Democratic Republic of Congo) and Zambia as…


Four arrested in US$100m Antwerp diamond robbery

A Dutch woman and three Italian men are being held by Belgian police in connection with one of the country’s biggest-ever diamond heists.The four suspects are being held on suspicion of stealing diamo…


Canico releases Ona results

Vancouver — Canico Resource (CNI-V) has tabled results from the first 77 holes of an ongoing drill program at the Ona-Puma nickel laterite project in Brazil’s Para state.Nickel assays are in line wi…


Goldcorp funds juniors

Candente Resource (DNT-V) has closed a $1-million financing with Goldcorp (G-T) as a first step toward collaborating on grassroots gold exploration in Newfoundland.The non-brokered private placement c…





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