Wheaton River raises $334m
Wheaton River Minerals (WRM-T) has raised the funds needed to buy the Peaks gold mine in Australia and a quarter-stake in the Bajo de la Alumbrera copper-gold mine in Argentina.In January, Wheaton agr…
Wheaton River Minerals Ltd
Analysts pick best bets for 2003
The Northern Miner asked five analysts of the junior mining sector for their recommendations and predictions for 2003. The list includes John Kaiser, publisher of the Kaiser Bottom Fishing Report, Don…
Wheaton eyes $150m private placement
Wheaton River Minerals (WRM-T) will privately place US$150 million worth of shares and warrants to help cover the cost of buying the Peak gold mine in Australia and a quarter-interest in the Bajo de l…
Wheaton River gains Aussie, Argentine assets
Vancouver — In a deal that more than doubles its production, Wheaton River Minerals (WRM-T) has agreed to buy Rio Tinto’s (RTP-N) Peak gold mine in Australia along with the major’s 25% stake in Argen…
Resource stocks turn cold in new year
Although still 14% lighter than a year ago, the Toronto Stock Exchange composite index gained a hefty 155.16 points over the Dec. 31-Jan. 7 report period to finish at 6,772.66.Gold nosedived at first,…
2002 marked by further consolidation
It did not feel as momentous as 2000 or 2001, when we saw the creation of several global mining giants, but 2002 was full of smaller-sized mergers, particularly in the precious metals sector.Among the…
TSE composite ends flat as gold rallies
The Toronto Stock Exchange moved sideways over the holiday-shortened report period, gaining a piddly 35.21 points. The composite index ended the Dec. 23-27 period at 6,595.83.Gold maintained its momem…
Silver producers jostle for investors’ attention
At the Autumn Precious Metals Seminar, held recently in Toronto and co-sponsored by the Silver Institute and Gold Fields Mineral Services, representatives of five North American silver producers gave …
Juniors keep exploration (barely) alive BC
Vancouver — Despite the implementation of one of the most attractive incentive programs in the country, mineral exploration in Canada’s westernmost province failed to ignite in 2002.In 2001, total fi…
Glencairn revisits Bellavista
Assured that the government of Costa Rica will support development of the Bellavista gold project, Glencairn Gold (GLJ-V), formerly Glencairn Explorations, has once again agreed to buy the low-grade d…
Glencairn doubles cash
Junior Glencairn Explorations (GLJ-V) has added $2.4 million to its coffers by privately placing 4.8 million units at 50 apiece.A unit consists of one share and half a share purchase warrant, with a …
Rubicon drills two projects
Vancouver — Rubicon Minerals (RMX-V) will begin drilling at its Golden Promise project, near Badger, Nfld.The company recently discovered a gold-bearing quartz vein, dubbed the Jacqueline zone, in an…