Newmont predicts brighter future for gold
A year after it became the world’s largest gold miner as a result of merging with Normandy Mining and Franco-Nevada Mining, Newmont Mining (NEM-T) remains as bullish as ever about the yellow metal.Spe…
2003
CIM tackles globalization
Montreal, Que. — The 105th annual meeting of the Canadian Institute of Mining, Metallurgy and Petroleum, held in this city’s gargantuan Palais des Congrs, was highlighted by a plenary session titled…
Cambior trims Q1 loss, hedge book
A higher realized gold price enabled Cambior (CBJ-T) to reduce its loss for the first quarter of 2003, compared with the corresponding period last year.The loss amounted to US$2.3 million (or a penny …
Apollo Gold goes batty
Florida Canyon Mines, a subsidiary of Denver, Colo.-based Apollo Gold, has joined forces with the Nevada Division of Wildlife (NDOW), the Bureau of Land Management (BLM), and Bat Conservation Internat…
Barrick plans buyback (May 19, 2003)
Barrick Gold (ABX-T) has budgeted up to US$500 million for a share buyback program aimed at propping up its faltering share price.The world’s third-largest gold producer plans to buy up to 35 million …
Trading Summary (May 16, 2003)
Toronto’s gold stocks dropped 3.49 points or about 2% to 158.74 on Friday even as the yellow metal added US$2.10 to…
AngloGold eyes top spot
Looking to regain top spot among global gold producers, South Africa’s AngloGold says it is in early-stage talks ai…
Canico kicks off second phase at Onca-Puma
Vancouver — Canico Resource (CNI-V) has commenced a second phase infill drill program which will also include a fe…
Iamgold earnings bolstered by Ghana acquisitions
First-quarter earnings at gold producer Iamgold (IMG-T) rose year-over-year in 2003, partly as a result of higher g…
Minera Andes, La Mancha aim to merge
Vancouver Major mining houses are not the only companies feeling the urge to merge. Junior explorers have also be…
Trading Summary (May 15, 2003)
Toronto’s gold stocks slipped 0.35 of a point to 162.23 as the yellow metal flat-lined at US$352.10 per oz. in New…
Jacobina zones shaping up for Desert Sun (May 15, 2003)
Drilling by Desert Sun Mining (DSM-V) at the Jacobina project in Bahia state, Brazil, have established potential fo…