Court upholds Troilus award
The British Columbia Court of Appeal has dismissed an appeal by Homestake Canada, a subsidiary of Barrick Gold (ABX-T), against the January 2001 judgment of the province’s Supreme Court awarding $88 m…
Inmet Mining Corporation
Inmet, Outokumpu rework share deal (October 13, 2003)
Finland’s Outokumpu has raised ;23 million by selling 4 million shares in Inmet Mining (INM-T).The shares were issued to Outokumpu as part of Inmet’s acquisition of the Pyhasalmi copper-zinc mine in F…
Site visit: How do they do it? Volume, volume, volume
Chibougamau, Que. — When Franois Fleury, the general manager of the Troilus gold mine, praised the “ingenuity and tenacity” of the Troilus workforce, he had good reason to mean it. The mine, two hou…
Odyssey applies geological know-how in Turkey
Fatsa, Turkey — Having determined the mineral potential of its properties near this coastal town on the Black Sea, Odyssey Resources (ODX-V) is attempting to raise funding to renew drilling.The compa…
Inmet takes over Teck’s Cerattepe project
A deal between the Turkish subsidiaries of two Canadian mining companies will give Inmet Mining (IMN-T) control of the Cerattepe copper and gold deposit, near Artvin in northeastern Turkey.Under the d…
Inmet ups reserve at Troilus (April 07, 2003)
Additional drilling and re-assessment of the operating conditions at the Troilus gold mine in north-central Quebec have extended the life of the mine a further four years, says owner Inmet Mining (IMN…
Broad market surrenders to war as golds rebound
Shell-shocked investors stripped another 49.49 points off the S&P/TSX composite index over the March 26-April 1 report period as the war in Iraq dragged on. The benchmark finished the period at 6,335….
Higher gold price adds pizzazz to PDAC convention
Consolidation, sustainability, and the allure of the mysterious East: the 71st annual convention of the Prospectors & Developers Association of Canada (PDAC) did not want for themes.It seems gold is n…
Cornerstone spreads risk, saves cash by joint venturing
For many juniors, keeping the treasury topped up while funding exploration on projects is difficult. One way a company can achieve this is through joint ventures, whereby a partner earns an interest i…
Inmet broadens search at Aussie base metal find
Having determined that the Jaguar high-grade base metal find in Western Australia is too small to develop as a stand-alone operation, Inmet Mining (IMN-T) is exploring the surrounding property for fur…
Golds retrench but base metals higher
The Toronto Stock Exchange was only fractionally higher through the trading period Jan. 8-14, with the composite index up 8.2 points, or 0.1% of value, at 6,810.98. Most of the market sectors moved si…
Higher prices spell profit for Inmet
Higher metal prices and a strong performance by the Pyhasalmi copper-zinc mine in Finland propelled Inmet Mining (IMN-T) to a profit in the third quarter.The company earned $3.7 million (or 7 per sha…