Spot Prices Wed. March 27, 2002
Precious MetalsPrice (US$/oz.)ChangeGold$297.50+$4.80Silver$ 4.64+$0.12Platinum$516.00+$…
News
Rio Narcea raises funds
Alberto Lavandeira-led Rio Narcea Gold Mines (RNG-T) has completed a private placement of 8 million special warrants priced at 80 each.Haywood Securities acted as agent for the placement and subscrib…
Anglogold joins Rimfire
Vancouver-based Junior Rimfire Minerals (RFM-V) has inked two deals allowing Anglogold (AU-N) to earn up to a 70% stake in the Eagle and ER-Ogo-Fire properties in east-central Alaska.The major can ear…
Higher output pares loss at Pan American
With its Huaron mine in Peru and La Colorada mine in Mexico now in production, Pan American Silver (PAA-T) saw its annual revenue increase 25% in 2001. The company posted a net loss for the year of US…
Moosehead remains elusive
A small drill program, designed to test electromagnetic anomalies at the Moosehead property in central Newfoundland, has ended in disappointment for Altius Minerals (ALS-V) and Sudbury Contact Mines (…
Goldcorp doubles shares
Shareholders have given the go-ahead for Goldcorp (G-T) to double its number of outstanding shares to just over 165 million.The 2-for-1 split was approved by 99.7% of the shareholders who voted, repre…
Storliden mine approaches startup
A few months later than expected, the ramp at the Storliden copper-zinc project in northbern Sweden has reached its destination, stretching 960 metres to provide access to the 1.8-million-tonne deposi…
Canadian group nominated for Nobel prize
Three members of the U.S. Congress have nominated an Ottawa-based organization to share in the 2003 Nobel Peace Prize for its work against “blood diamonds” in Africa.Ottawa-based Partnership Africa Ca…
Mine Show awaits reclamation
The Great Canadian Mine Show, a mobile arcade that allows visitors to experience mining vicariously through interactive technology, owes its creditors $150,000.The debt is being shouldered by the Elli…
South Pond drilling comes up nearly empty
A small drilling program at the South Pond copper-gold property in south-central Newfoundland has returned disheartening results for Celtic Minerals (CME-V).Seven core holes totalling 1,236 metres wer…
Tiberon updates Nui Phao resource (April 01, 2002)
Based on results from 33 drill holes, junior Tiberon Minerals (TBR-V) has released an updated resource estimate for its Nui Phao tungsten property in Vietnam.Including copper and fluorite converted to…
Dia Bras starts Banankoro diamond search
A small private placement is funding Dia Bras Exploration’s (DIB-V) search for diamonds in Guinea.The Montreal-based junior acquired the right to earn a 60% interest in the Banankoro permit, which cov…