News

Black Swan eyes bedrock source of Brazilian diamonds

The recent acquisition of De Beers’ Brazilian assets has netted Black Swan Resources (BSW-T) not only the small Canastra-1 diamond-bearing kimberlite pipe but an extensive portfolio of mineral licence…


Iamgold, Repadre agree to combine

Two of the smaller but richer companies in the gold business, Iamgold (IMG-T) and Repadre Capital (RPD-T), have announced plans to merge in an all-share transaction that would see Repadre shares trade…


Cumberland Interim President Kerry Curtis (left) and Project Manager Brian Alexander review 1999 trenching results on Meadowbank's Third Portage deposit, one of the key proposed open pits.

Cumberland finds sixth deposit at Meadowbank

Following summer drilling on the PDF prospect at the Meadowbank gold project in Nunavut, Cumberland Resources (CBD-T) is confident it has discovered a new deposit.The company spent $6.5 million at Mea…



Int’l Gold drills Myrtle

Vancouver — International Wayside Gold Mines (IWA-V) reports that assay results from two of five holes on its Myrtle claims have intersected high-grade gold mineralization.Situated near Wells, B.C., …


Bema looks to Russia for high grades

Vancouver — Bema Gold (BGO-T) has inked a deal with the government of the Chukotka, an autonomous region in northeastern Russia, to acquire up to a 75% interest in the high-grade Kupol gold and silve…


Lending Rates (November 04, 2002)

as of 4 pm ET, Oct. 29, 2002(%)Bank of Canada3.00Canadian Prime4.50U.S. Discount1.25U.S. Prime4.75LIBOR US$ 3-month1.76LIBOR US$ 6-month1.67LIBOR US$ 1-year1.71Gold lease 3-month0.31Gold leas…


Dynatec eyes producer status (November 04, 2002)

With demand for contract mining slumping, Dynatec (DY-T) saw its third-quarter profit fall to $20,000 (or nil per share) from year-earlier earnings of $2.7 million (2.4 per share). Revenue between th…


Critic should give examples

Two articles in the Financial Post on resource and reserve estimation in the mining industry (“Whistleblower raises doubts over orebodies” and “Consultant Jan Merks — a bit of a rebel,” Sept. 30/02) …


Committee Bay eyes Nunavut gold belt

Vancouver — Finding financing for grassroots exploration projects is difficult at the best of times, and nearly impossible during an economic slow down. However, privately owned Committee Bay Resourc…


Siberian mines power High River Gold in 2002

Toronto-based High River Gold Mines (HRG-T) saw its revenues more than triple during the first half of the year as it began consolidating operating results from the Russian gold-mining company OJSC Bu…


NEWS

Falco’s McLean to address geologistsScott McLean, a regional geologist with Falconbridge, will discuss his company’s exploration strategy at a meeting of the Toronto Geological Discussion Group, sched…


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