South Africans target platinum in Zimbabwe
Vancouver — Over the past decade, platinum miners have been eager to advance known deposits on Zimbabwe’s Great Dyke, home to the world’s second-largest reserve of platinum. However, a strong nationa…
Cash Resources Ltd
Agnico-Eagle looks to spread its wings
Determined not to remain a one-mine company, Agnico-Eagle Mines (AGE-T) has unveiled plans that would see it exploit two gold deposits, Lapa and Goldex, both of which are within trucking distance of i…
Aur tackles debt as earnings shrink
Despite higher mine production and stronger copper prices, Aur Resources (AUR-T) watched its profits wither in the fourth quarter of 2002.The company earned US$1.9 million (or US2 per share) on reven…
Business or stock play?
Last week we argued that stock-based compensation did a poor job of aligning management’s interests with those of the shareholders. The question of accounting for the cost of option plans, while it is…
Glamis gets green light for mine in Honduras
Junior Glamis Gold (GLG-N) has received the final operating permit at the San Martin mine in Honduras, allowing the Reno-based company to begin production.Glamis broke ground at the site, 55 miles nor…
Namco nabs Ocean Diamond Mining
The world’s second-largest producer of marine diamonds just got bigger. Namibian Minerals (NMR-T), or Namco, has acquired a 92% interest in Ocean Diamond Mining, a fellow marine producer based in Sout…
British Columbia copper mines face tough times
Deteriorating copper prices have forced 60%-owner Imperial Metals (IPM-T) to negotiate the second financial restructuring package for the Huckleberry copper mine in less than a year.The open-pit mine,…
Companies (April 12, 1999)
Aber ResourcesAdrian ResourcesAlberta EnergyAnglogoldArch CoalAsarcoAshton Mining of CanadaAtna ResourcesAuric ResourcesBarrick GoldBlue Desert MiningBolidenBroken Hill ProprietaryCamecoCanabrava Diam…
COAL, URANIUM & OIL SANDS –Expatriate expands Yukon position
Junior Expatriate Resources (EXR-V) has added to its Yukon holdings by acquiring the Hyland and Forty Mile properties.The Vancouver-based junior purchased a 100% interest in the 527 claims that compri…
INVESTMENT COMMENTARY — Weak junior resource market takes shine off Minefinders
Despite an updated resource estimate and a positive scoping study, the share price of Minefinders (MFL-T) has not kept step with the improving fundamentals of its Dolores gold-silver project in west-c…
Royal Oak finds savior
Royal Oak Mines (RYO-T) has obtained US$120 million to help finance the completion of the Kemess gold-copper mine in north-central British Columbia.Toronto-based Trilon Financial came to the rescue, a…
EXPLORATION 1998 — Avalon sizes up rare-metal pegmatite at Separation Rapids
Kenora, Ont. — With a follow-up drilling campaign now under way at its Separation Rapids rare-metal pegmatite deposit, Toronto-based Avalon Ventures (AVL-V) is becoming more confident that the projec…