Producers rise with gold price
The Dow Jones Industrial Average shed 3.8% to finish the March 27-April 2 report period at 10,313.71 points, while the Standard & Poor’s 500 shed 1.5% to end at 1,136.76 points.Gold shot past US$300 p…
Platinum Group Metals Ltd
Inmet, LionOre score WA discoveries
Inmet Mining (INM-T) has discovered a high-grade zinc-copper massive sulphide deposit in the Northeastern Goldfields region of Western Australia, the same area where LionOre Mining International (lim-…
Thundelarra sets sights on Western Australia
Exploration in Australia is at its lowest level in two decades, but this belies the country’s geological potential, Robert Champion de Crespigny told delegates attending the annual convention of the P…
CDNX endures ho-hum week
CANADIAN VENTURE EXCHANGEVancouver — The CDNX closed the week ended March 19 little changed from the previous report period. The Standard & Poor’s-CDNX composite index finished at 1158.30, or 0.75 of…
PNWC active at River Valley
Sudbury, Ont. — With support from Anglo American Platinum, its joint-venture partner, Pacific North West Capital (PFN-T) is endeavouring to double the resource at the River Valley platinum group meta…
Starfield kicks off 2002 exploration program (March 11, 2002)
Vancouver — Starfield Resources (SRU-V) has begun mobilizing drill rigs to its Ferguson Lake copper-nickel-platinum-palladium project in Nunavut for a new round of exploration.This year’s program is …
JML targets Marten River for diamond potential
Spun off from Mustang Minerals (YMU-V), newly listed JML Resources (JJJ-V) is targeting the diamond potential of the Marten River area, near North Bay, Ont.The project comprises more than 2,400 claims…
Diamonds sparkle at Cordilleran Roundup (February 11, 2002)
Vancouver — If high attendance and enthusiasm at a conference are any indication of an industry’s strength, then the recent Cordilleran Exploration Roundup in Vancouver showed that mining is finally …
Falling Metal Prices sour Inco’s fourth-quarter earnings
Sliding prices for nickel and copper pulled Inco (N-T) into the red for the fourth quarter of 2001.The company reported a US$5-million loss (or US7 per fully diluted share), compared with a profit of…
Record output for Rio Narcea
Rio Narcea Gold Mines (RNG-T) poured a record 124,363 oz. gold at an estimated cash cost of US$190 per oz. from its El Valle operation in Spain during 2001, and the company says it expects to produce …
Falconbridge ends 2001 on sour note
Weak metal markets kept Falconbridge (FL-T) firmly in the red during the final three months of 2001, but not deep enough to erase profits made earlier in the year.Falconbridge squeaked by last year wi…
Lonmin pitches tent in Sudbury camp
London-listed Lonmin has inked a deal with Wallbridge Mining (WM-T) to explore several of the company’s magmatic sulphide properties in the Sudbury basin of Ontario.The deal covers 19 projects and cal…