Poste Lemoyne bears gold (February 11, 2002)
Preliminary drilling by partners Virgina Gold Mines (VIA-T) and privately owned TGW has deepened a surface showing at the Poste Lemoyne property in the James Bay area of Quebec.The Orfee zone has been…
News
Producers rise as gold nears US$300-per-oz. level
Gold staged a strong comeback over the Jan. 30-Feb. 5 report period, rising $16.50 in London markets to finish at US$297.45 per oz. on the morning of Feb. 6.Canada’s major producers also rose with the…
Silver Standard teams with GoldOre Resources
An option agreement with Gold-Ore Resources (GOZ-V) sets the stage for Silver Standard Resources (SSO-V) to extend its search for bulk-minable silver deposits to include Mexico’s Sinaloa state.Silver …
Partners renew Sapawe drilling (February 11, 2002)
Partners Wolfden Resources (YWO-V) and Jonpol Explorations (JON-T) have kick-started a winter exploration program at their Sapawe polymetallic project in northwestern Ontario.The program, which includ…
Barrick’s 2001 post-merger output on target
Barrick Gold (ABX-T) met its 2001 production target with output of 6.1 million oz. gold at US$162 per oz.The world’s biggest gold miner in terms of market capitalization, which recently merged with Ho…
FPO Amarc sizes up Inde property in Mexico’s Durango state
Vancouver — The consolidation of a key property package has paved the way for Hunter-Dickinson-led Amarc Resources (AHR-V) to test for gold-bearing sulphides below the historical oxide workings at th…
Gammon looks to Bolnisi at Ocampo
Gammon Lake Resources (GAM-T) has found an operator for its proposed Ocampo gold-silver mine in Mexico’s Chihuahua State.In a preliminary deal, Australian-listed junior producer Bolnisi Gold will earn…
Little change in US markets
Both major U.S. market indices were little-changed over the report period Jan. 30-Feb. 5, with the Dow Jones industrial average closing 67.19 points higher at 9,685.43, and the Standard & Poor’s 500 f…
Alamos takes a stand in Mexico
Vancouver — The low price of gold has prompted many major producers to shed sub-economic assets, and partners Alamos Minerals (AAS-V) and National Gold (NGT-V) are hoping to capitalize on the trend b…
Gold Funds (February 11, 2002)
Dundee Precious MetalsCentral FundJan. 24/02Jan. 31/02Net Value$15.69$5.46Price$10.3…
Queenstake to proceed with production at Magistral
The Magistral gold project in northern Sinaloa state, Mexico, will be pouring gold by September following a positive production decision by operator Queenstake Resources (QRL-T) and its joint-venture …
Black Hawk to buy out Limon royalty
Black Hawk Mining (BHK-T) has made arrangements to buy out a 2% royalty on the El Limon gold mine in Nicaragua for $1.25 million. The deal, with royalty-holder Repadre Capital (RPD-T), will see Black …