Grupo Mexico’s first half hit by lower metal prices
Despite an aggressive cost-cutting campaign, Grupo Mexico posted a loss of US$42.7 million (7 per share) on revenu…
News
Morobe feasibility negative
Vancouver — Fresh from picking up Rio Tinto’s (RTP-N) Wafi copper-gold deposit, Australian-based Aurora Gold says…
Kena holds potential for Sultan
Vancouver — Junior Sultan Minerals (SUL-V) is at the early stages of outlining a promising high-tonnage, low-grade…
Annax eyes Lae Jehe
Vancouver With the Anjing Hitam zone at the feasibility stage, International Annax Ventures (IAX-V) is busy searc…
Trading Summary (July 30, 2001)
The Toronto Stock Exchange fell 40.86 points to 7,641.3 in thin trading on Monday. By day’s end, six of the TSE’s 1…
Analyst compares Gabriel’s go-it-alone and sales options
Senior gold producers are still interested in buying non-producing companies with advanced projects . . . but not at any price, and certainly not without a hard-nosed look at project economics. That’s…
Newmont on track for production targets
Despite a disappointing second quarter, Newmont Mining (NEW-N) says it is on track to meet this year’s targets of 5.4 million oz. gold produced at a total cash cost of US$180 per oz.Production in the …
Archon unsuccessful at drilling targets in NWT
Dentonia Resources (DTA-V), a one-third owner of DHK Diamonds, reports that the first four of five airborne “Falcon” targets to be drill-tested by Archon Minerals (ACS-V) on the DHK and WI joint-ventu…
Shareholders OK merger
Minority shareholders of Cominco (CLT-T) have voted overwhelmingly in favour of the company’s planned merger with parent Teck (TEK-T), and the British Columbia Supreme Court has approved the merger’s …
Tiberon expands Nui Phao
Vancouver — Junior Tiberon Minerals (TBR-V) reports that drilling at the Nui Phao polymetallic project in Vietnam has extended the mineralized zone to the southeast.Hole 38, collared southeast of a p…
Arctic Platinum hits 6 million oz.
Vancouver — Results from a 25,700-metre drill program have prompted South African-based Gold Fields (GOLD-Q) and Finnish-based Outokumpu to more than double the previous resource estimate at their Ar…
Partners granted Ntotoroso licence (July 30, 2001)
Equal partners Moydow Mines International (MOY-T) and Normandy Mining (NDY-T) have been granted a 30-year mining lease for the Ntotoroso gold project in west-central Ghana.Over the past four years, No…