PFN cuts more PGMs at River Valley
Vancouver — Pacific North West Capital (PFN-T) has released encouraging values from its sixth-phase drill program at the River Valley project, near Sudbury, Ont.One of two rigs is testing the Dana La…
Anglo American Platinum Limited
Philex, Anglo drill Boyongan
Vancouver — Drilling has so far failed to find additional resources at the North project in the Philippines.Partners Philex Gold (PGI-V) and Anglo American (AAUK-Q) have seven rigs turning in an effo…
PFN, Freegold ink deal with Lonmin
Vancouver — Harry Barr-led Pacific North West Capital (PFN-T) and Freegold Ventures (ITF-V) have entered into an agreement with London-based Lonmin, the world’s third-largest primary producer…
Yandal deadline passes
Newmont Mining has had partial success sorting out the financial problems at its Yandal gold subsidiary in Australia.On March 27, Newmont brashly gave its hedging counterparties and its noteholders at…
Base metal fundamentals improving?
About of statistical metal releases has just arrived, and in this short report we offer an analysis of the latest data on copper, nickel, lead and zinc from their respective International Study Groups…
Anooraq drills at South Block
Having raised $728,000 in a private placement of 1.4 million shares priced at 52 apiece, Anooraq Resources (ARQ-V) is preparing to drill its South Block project, on the northern limb of the Bushveld …
Base metal miners advance
Buoyed by renewed strength in base metals prices, particularly in the nickel market, most of the base metal majors made gains during the report period ended May 27.Pechiney eased up 4 to US$14.05 as …
AngloGold eyes top spot with Ashanti takeover
Looking to regain top spot among global gold producers, South Africa’s AngloGold (AU-N) has entered talks aimed at achieving a merger with Ghana-based Ashanti Goldfields (ASL-N).The talks are centred …
Miners have volatile week
U.S. stock markets advanced modestly over the five trading days May 7-13, with the Standard & Poor’s 500 index up 7.91 points at 942.30 and the Dow Jones industrial average 90.89 points higher at 8,67…
Broad advance for US miners
The trading period April 30-May 5 was broadly positive for U.S. markets, with the Dow Jones Industrial Average advancing 85.37 points to 8,588.36 and the broader-based Standard & Poor’s 500 index up 1…
PNWC proves up River Valley deposit
Vancouver — Pacific North West Capital (PFN-V) has tabled encouraging results for nine holes drilled in the sixth-phase program under way at the River Valley platinum group metal property, 60 km nort…
Miners in retreat
Despite a stronger performance by base metals, the share prices of the base metal giants took a pounding during the April 23-29 report period.Investors are concerned about base metals’ exposure to any…