News


Northern Dynasty boosts Pebble resource

Vancouver — An independent resource estimate tabled by Northern Dynasty Minerals (NDM-V) has enhanced the economic potential of the Pebble gold-copper-molybdenum project in southwestern Alaska.The st…


MuchBudget: a vote or a video?

“By Levying Money for and to the Use of the Crowne by pretence of Prerogative for other time and in other manner than the same was granted by Parlyament . . . utterly and directly contrary to the know…


McWatters eyes $25m for Val d’Or deals

McWatters Mining (MWA-T) has agreed to sell 125 million shares for 20 apiece to a syndicate of underwriters led by National Bank Financial. The deal will raise $25 million in proceeds.McWatters will …



PCS issues profit warning (April 07, 2003)

Potash Corp. of Saskatchewan (POT-T) has fallen short of its first-quarter earnings estimate of US25 per share.The world’s biggest fertilizer maker says the main problem is the strengthening Canadian…


Harmony digs deep at Elandsrand

Johannesburg, South Africa — This country’s third-largest gold producer, Harmony Gold Mining (HMY-N), has embarked on a shaft-deepening project at its Elandsrand mine in the famed Witwatersrand Basin…


Miramar advances Hope Bay development

Vancouver — As the venerable Con and Giant gold mines, near Yellowkife, N.W.T., inch their way toward depletion, owner Miramar Mining (MAE-T) is turning its attention to the Hope Bay gold project in …


Robert Boyd, Ashton's president and CEO (left), Pierre Bertrand, vice-president of exploration with Soquem, Brooke Clements, Ashton's vice-president, and Robert Lucas, project geologist, examine drill core from a mini-bulk sample from the Renard 3 kimberlite in the Otish Mountains of north-central Quebec.

Ashton and Soquem size up Renard

Having demonstrated the commercial potential of the Renard group of kimberlitic bodies in north-central Quebec by recovering large diamonds at encouraging grades, Ashton Mining of Canada (ACA-T) and p…


Inco to redeem preferreds, debentures

Inco (N-T) will spend US$665 million in order to redeem, on May 1, all its outstanding 5.5% convertible Series E preferred shares, plus all of its outstanding 5.75% convertible debentures due in 2004….


Producer and Dealer Prices (April 07, 2003)

Antimony: Mid-mkt US$2,500/t.Bismuth: Mid-mkt US$2.80/lb.Cadmium: Mid-mkt US$0.70/lb.Cobalt: Recent trades US$9.20-10.30/lb.Copper: Comex May US$0.7425/lb.Indium: Indium Corp., ingot, US$110/kg.Iridiu…


LME Warehouse Levels (April 07, 2003)

Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, April 1 (change from March 25 in brackets):MetalStock(tonnes)ChangeAluminium1252775(-…


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