Amplats sets River Valley budget
Satisfied with its partner’s progress, Anglo American Platinum of South Africa has provided Pacific North West Capital (PFN-T) with another $2.3 million to advance the River Valley platinum-palladium …
Anglo American Platinum Limited
US markets up over the holidays
Markets in the U.S. enjoyed a modest boost over the Dec. 21-Jan. 1 report period, with the Dow Jones Industrial Average rising 36.32 points to surpass the 10,000-mark and the Standard and Poor’s 500 a…
Grassroots mineral exploration withered in past year
In 2001, metal prices fell to some of the worst levels ever, so junior explorers can be forgiven if virtually the only thing they developed in 2001 was the blues.New venture capital all but dried up, …
Geomaque restructures, gets new board (December 31, 2001)
A financial restructuring at Geomaque Explorations (GEO-T) will see the company’s principal lender get a large net cash-flow interest on the Vueltas del Rio gold mine in Honduras.Geomaque reached an a…
More drilling slated for Boyongan
Vancouver — The purchase of an additional 10% stake in Philex Mining’s (PGI-V) Boyongan copper-gold prospect in the Philippines has propelled Anglo American (AUUK-Q) to step up the pace of drilling.T…
December a time for bargains: Boulder Investment
Year-end tax-loss selling may be less of an issue in 2001 than in previous years, but Boulder Investment Partners analyst Dorothy Atkinson still considers December a great month to buy shares in Canad…
Anglo ups stake in Boyongan
Vancouver — Saddled with a US$14-million debt on its soon-to-be- closed Bulawan mine, Philex Gold (PGI-V) has inked a deal to sell a 10% equity stake in the promising Boyongan copper-gold project and…
Blackstone gains Ursus diamond property
Vancouver — Blackstone Ventures (BLV-V) has inked a deal with the numbered company 4763 NWT to acquire the Ursus diamond property in the Coronation Gulf area of Nunavut.The 46-sq.-km property is 45 k…
Gold stocks buoyed by rising bullion price
U.S. markets were little-changed over the report period Dec. 11-18, with the Dow Jones Industrial Average up 110.02 points (just over 1% of value) to a close of 9,998.39 on Dec. 18. The Standard & Poo…
Canaccord revises PGM forecast downward
In a November research report, Canaccord’s London-based gold analyst, Roger Chaplin, lowers his price projections for platinum group metals (PGMs) and their producers.Building on PGM supply-and-demand…
FPO De Beers looks to trim costs at Victor
Despite mixed results from a study of the Victor diamond project in the James Bay Lowlands of Ontario, De Beers Canada says it intends to proceed with a prefeasibility study.Few details of the scoping…
Philex pins hopes on Boyongan project
Vancouver — Low gold prices and a high debt load underscore the need for Philippine producer Philex Gold (PGI-V) to advance its Boyongan copper-gold discovery on the island of Mindanao. The project i…