Atlas Copco combines divisions
Atlas Copco will fold its drill rig and loader/truck businesses into one division by transferring production of the latter from Portland, Ore., to its Rock Excavation Technology Center in Sweden.The t…
News
Diavik helps skills program
Diavik Diamond Mines has donated $10,000 to the Northwest Territories and Nunavut chapter of Skills Canada in an effort to help fund programs providing courses in trades and technology.Skills Canada r…
Correction (November 18, 2002)
The story “New tents pitched in Red Lake camp” (T.N.M., Oct. 21/02) incorrectly stated that Southern Star Resources (YSO-V) is a wholly owned subsidiary of Golden Star Resources (GSC-T).Southern Star …
Platinum in high demand
Demand for platinum is forecast to climb by 2.9% to 6.4 million oz. in 2002, according to an interim review of platinum-group-metal markets published by London-based Johnson Matthey.Chinese purchases …
Seahorse douses GGL’s hopes
The discovery of multiple kimberlites by GGL Diamond (GGL-V) on its Seahorse property in the Lac de Gras area of the Northwest Territories has proved barren of diamonds.A cluster of three irregular in…
Virginia active in James Bay area (November 18, 2002)
Equal partners Virginia Gold Mines (VIA-T) and TGW Corp. (GWC-V) report that initial results from a 19-hole drilling campaign on the Poste Lemoyne gold project in northwestern Quebec have extended the…
Fording courts suitors to thwart Sherritt takeover
The Toronto Stock Exchange Composite Index slipped 70.37 points to end the Nov. 6-12 report period at 6,329.27.The TSE’s gold index was up 5.39 points, partly on the back of a US$5.70-gain in the pric…
Placer moves to complete AurionGold takeover
With more than 91% of AurionGold’s shares in its grasp, Placer Dome (PDG-T) intends to exercise its rights to acquire the remainder.Placer expects to have the remaining shares within two months, at wh…
Coeur outlines more silver at Martha
Reverse-circulation drilling by Coeur d’Alene Mines (CDE-N) has increased the resource at the Martha silver mine in Santa Cruz province, Argentina, by about a quarter.The new resources are along strik…
Bulls beat bears on Venture exchange
Vancouver — Canada’s junior exchange was in a bullish mood over the report period ended Nov. 12. The S&P-TSX Venture Exchange composite index gained 22.18 points, or 2.37%, to finish the week at 955….
Newmont still firmly in the black
Higher sales volumes and metal prices enabled Newmont Mining (NEM-N) to post its second profitable quarter as the world’s largest gold producer.Newmont earned US$24 million, or US6 per share, in the …
Royal sees revenues rise on Pipeline production
A 2.6% increase in the sliding-scale royalty on production from the Pipeline operation in Nevada resulted in higher third-quarter revenue for Denver-based Royal Gold (RGL-T).The gold royalty company s…