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…
Anglo American plc
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…
Newmont still volume leader
The New York Stock Exchange finished in positive territory over the report period Nov. 14-20, adding 150.43 points to close at 9,901.38.Like last week, the big newsmaker was Newmont Mining, which was …
Newmont bid stirs market
Newmont Mining shocked the gold mining world on Nov. 14 by launching a simultaneous, all-share takeover bid for Canada’s Franco-Nevada Mining and Australia’s Normandy Mining. The deal would create the…
Mtn Province arranges financing
Low on cash, Mountain Province Diamonds (MPV-T) intends to raise just under a million dollars in a private placement of more than 1.9 million units priced at 50 apiece.A unit will consist of one shar…
Falconbridge in red, suspends Falcondo (October 22, 2001)
Low base metal prices have forced Falconbridge (FL-T) to suspend production at its Falcondo operations in the Dominican Republic.The 3-month shutdown took effect Oct. 21, with the 2001 production fore…
Aripuana stepout confirms sulphides
Drilling by Anglo American (AAUK-Q) on an electromagnetic (EM) anomaly at the Aripuana property in Brazil’s Mato Grosso state has confirmed massive sulphides 500 metres along strike from the previous …
Redhawk eyes zinc-oxide potential of Guatemalan prospect
Junior Redhawk Resources (RDK-V) hopes the key to developing several zinc-oxide prospects in the Americas lies in the hands of ZincOx Resources, a private, London-based company whose founding members …
Philex sees potential for second porphyry (October 15, 2001)
Vancouver — Philippine copper porphyry deposits typically occur in clusters and partners Philex Gold (PGI-V) and Anglo American (AAUK-Q) are hoping that the region around their new Boyongan prospect …
SouthernEra expands PGM portfolio
In South Africa, SouthernEra Resources (SUF-T) has nabbed another 9 km of the Bushveld’s UG2 and Merensky reefs, which, combined, host the world’s largest platinum deposits.SouthernEra currently explo…
De Beers to test unusual diamond occurrence at Festival
The Canadian exploration division of De Beers Consolidated Mines, now a subsidiary of Anglo American (AAUK-Q), will process a 100-tonne sample from the Cristal showing on the Festival diamond property…