Golds evade Toronto stock slide
The Toronto gold stocks were higher over the report period Aug. 8-14, picking up substantial gains as the rest of the market declined. The Toronto Stock Exchange’s TSE 300 composite index was down 166…
Anglo American Platinum Limited
Program tests Agnew Lake
South African major Anglo American Platinum has approved a $1.2-million budget for the Agnew Lake platinum group metals project in the Sudbury region of Ontario.Agnew Lake is owned by New Millennium M…
Pan American in red despite higher output
Vancouver — Despite an increase in production, Pan American Silver (PAA-T) suffered a loss in the second quarter, reflecting a 26-year low for silver prices.The company posted a net loss of US$2.8 mi…
Pan Am Silver deals Huaron
Pan American Silver (PAA-T) has optioned a portion of its Huaron property in Peru’s Cerro de Pasco district to South African major Anglo American (AAUK-Q).The agreement covers 30,000 ha of the norther…
Resource estimate under way at River Valley (July 23, 2001)
Having sunk an additional 16,000 metres, Pacific North West Capital (PFN-T) is proceeding with an independent resource estimate of the Dana Lake zone at the River Valley project in northern Ontario.De…
King drilling advances in Far North
Vancouver — Diamondex Resources (DSP-V) is stepping up the pace of exploration at its wholly owned King property in the Northwest Territories.The junior is drilling holes 4 and 5 as part of a $2.7-mi…
Philex results fail to impress
Vancouver — Despite having all the earmarks of a significant find at its Boyongan copper-gold prospect on the island of Mindanao in the Philippines, shares of Philex Gold (PGI-V) headed lower followi…
Partners find more nickel at Tati
An increase in resources at the Tati nickel operations has prompted owners Anglo American (AAUK-Q) and Lionore Mining International (LIM-T) to budget US$1 million for follow-up exploration.Tati compri…
Gold hangs on as market teeters
Denver — The Dow Jones industrial average fell 472.36 points, or 4.4%, to 10,175.64 in the U.S. holiday-shortened report period ended July 10, amid warnings of poor second-quarter earnings. The Nasda…
America Mineral Fields improves terms
A company held equally by America Mineral Fields (AMZ-T) and Anglo American (AUK-Q) has renegotiated the terms of an agreement to develop and own 60% of the Kolwezi copper-cobalt tailings project in t…
Market weakens entering summer
Denver — The Dow Jones industrial average slumped 351.71 points, or 3.2%, to 10,596.67 for the report period ended June 19, as the market slipped into the summer doldrums. The Nasdaq dipped below 2,0…
Palabora prepares for long strike
Denver — Palabora Mining is settling into what could be a long strike, after negotiations failed to reach an agreement over a 3-week walkout at the Palabora copper mine in South Africa.The company, a…