Die Cmgi der Edelmetallaktien - 500 Beiträge pro Seite

[Sozzi]

Da unsere amerikanischen "Freunde" absolute Patrioten sind, ist allseits bekannt. Der Goldpreis steigt unaufhörlich und man sucht als Ami nach Anlagemöglichkeiten in Rohstoffaktien. Doch wo investieren ? In afrikanische Goldminen, nein, zuviel Streiks und Aidsproblem. Bei den Aussi´s, nein, schon aus alter Tradition nicht. In China und Rußland, nein, altes Feindbild. In heimatliche Werte, nein, zuviel Terrorangst. Wie wär´s also mit einer kanadischen Beteiligungsgesellschaft, die zum grössten Teil in "sichere" kanadische Goldwerte investiert ist ?

Dundee Prescious Metals (DBFMF.NAP) (WKN 872063)

[Sozzi]

Top 10 Holdings at April 30, 2002


Security Legal Name Shares Total (%)

Cambior Inc. 12.9


Buenaventura 11.8


Gabriel Resources 10.1


Hope Bay Gold Corporation Inc. 9.7


Tahera Corporation Common Shares 9.2


Eldorado Gold Corporation Common Shares 6.4


Major Drilling Group International Inc. 5.5


Meridian Gold 4.9


East African Gold Mines Limited 4.7


Fort Knox Gold Resources Inc. 4.1

[Sozzi]

As at May 22, 2002

Net Asset Value Per Unit $25.51

TSX Closing Price $19.30

Discount 24.34%



Also, zum gestrigen Schlusskurs noch 24% unterm inneren Wert...



Quelle: www.dundeeprecious.com

[Sozzi]

hier mal zum Vergleich das Portfolio zum Jahresanfang, also Silber scheint sehr begehrt zu sein

Hope Bay Gold Corporation Inc. 14.1%
Gabriel Resources Ltd. 10.2%
Goldcorp Inc. 9.8%
Agnico-Eagle Mines Limited 9.5%
Meridian Gold Inc. 6.4%
Major Drilling Group International 3.6%
Tahera Corp Convertible Debenture 3.6%
Aber Resources 3.5%
Cambior Inc. 3.2%
Fort Knox Gold Corporation Inc. 2.6%

Gold & Precious Metals 90%
Metals & Minerals 10%

[Sozzi]

#3 sorry,
http://www.dundeeprecious.com

[hbbbh]

wird aber nicht in D gehandelt. Und wenn du Pech hast gilt das als "in D nicht zugelassener Fond" .... sagt dir das was ?

Gold- und Silberminenaktien auch Fonds daraus taugen eh nichts als wirkliche Langfristanlage ... schau dir mal die Zyklen an. Also kaufen und dann vergessen .. wird nicht unbedingt funktionieren. Nichts gegen Gold als Wertanlage ( gekauft zwischen 260$ und 350$ ... aber nicht bei $800 )aber irgendwann läuft die Weltwirtschaft wieder, dann sind andere Aktien ( industrielle Rohstoffe, Energie und irgendwann auch wieder "neue Technologien" angesagt ).

Warum Dundee, wenn es gute kanadische Einzelaktien ( und ich meine nicht Barrick ) gibt ? Und für den der sich die Auswahl nicht zutraut gibt es genügend in D zugelassene Edelmetallfonds.

Nicht, daß ich Dundee nichts zutraue .. doch andere geben mir dieselbe Performance ... also .. was solls.

[Sozzi]

@hbbbh,

in D nicht zugelassen, heisst das wenn Dundee Precious Metals "pleite" machen sollte, ist meine Goldanlage dann etwa FiatMoney, sprich wertlos ?
Die Werte, die DPM insgesamt im Depot hat, sind im Vergleich zum Einzelkauf ca. 25% billiger und Qualität ist mehr als dabei. Alle Gesellschaften sind größtenteils schuldenfrei und bauen ihr Hedgebuch ab.
Der Wert als ganzes ist noch so gut wie unbekannt (auch in Nordamerika). Schau Dir die noch mickrigen Umsätze an...



goldiger Gruß
Sozzi

[Sozzi]

weitere Investment´s hat die Gesellschaft lt. letztem Quartalsbericht in folgenden hier im Board Teil heiss diskutierten Gesellschaften...


Kinross
Goldfield
Tahera
Corner Silver Bay
Dayton
Ranger Minerals
Manhattan Minerals
Verena Minerals

[Sozzi]

...die grösste Position Cambior, erwirtschaftet einen positiven Cashflow, tiglt Schulden und ihre Hedgeverpflichtungen können die sogut wie aus der eigenen Förderung bedienen...

[Sozzi]

oops,

[Sozzi]

...im Vergleich mit dem letzten Quartalbericht gab es einige Änderungen im Beteiligungsportfolio der Gesellschaft...

Dayton Mining fusionierte mir der Pacific Rim Mining per Aktientausch, drum dürften sich sich einige Pacific Rim Mining-Aktien im Depot befinden...

FINAL APPROVALS OF AMALGAMATION OF
PACIFIC RIM AND DAYTON MINING

Pacific Rim Mining Corp. ("Pacific Rim") and Dayton Mining Corporation ("Dayton") are pleased to announce the Court approval and closing of the amalgamation of the two companies on April 10 and 11, respectively. It is anticipated that the shares of the amalgamated company will be called for trading on April 16, 2002, on the Toronto Stock Exchange and the American Stock Exchange under the name "Pacific Rim Mining Corp." with a new symbol of "PMU" replacing Dayton (symbol DAY) and Pacific Rim (symbol PFG).

"The amalgamation of Pacific Rim and Dayton has created a new exploration and development company with a tremendous exploration asset and ample working capital and future cash flow to aggressively move the company`s exploration portfolio project forward." agreed Catherine McLeod-Seltzer, President, Tom Shrake, CEO and Bill Myckatyn, Chairman of the new Pacific Rim.

The focus for the amalgamated company is exploration of the El Dorado gold project in El Salvador and the selection of Phase 1 drill targets is underway. A program of approximately 7,000 meters of diamond drilling in roughly 20 holes is anticipated to commence in May.

At the April 3, 2002 extraordinary general meeting, shareholders of Pacific Rim approved the termination of the shareholder rights plan upon the amalgamation becoming effective and new Pacific Rim`s board will determine whether or not to implement a new plan in upcoming months.

On behalf of the Boards of Directors,



Pacific Rim Mining Corp.
"Catherine McLeod-Seltzer"
President

Dayton Mining Corporation
"William H. Myckatyn"
President & CEO

Ouelle: www.PacRim-Mining.com


PS @ hppph: Dundee Precious Metals ist kein Fond, sondern eine Aktiengesellschaft...

[Sozzi]

Chart Dpma

[hbbbh]

@ #7 von Sozzi

Das hat nichts mit pleite gehen zu tun.

Die Herren vom Finanzamt neigen nur gerne dazu ausländische Beteiligungsgesellschaften in manche nFällen als Aktienfonds einzustufen. Und da Dundee in D bestimmt keine Zulassung als Fonds hat, würden dann spezielle Regeln für Spekulationsfrist und Besteuerung gelten .... und die sind soweit ich weiß absolut fies !

Wenn du mehr darüber wissen willst, musst du dich selber schlau machen oder vielleicht mal bei den Fondsspezialisten nachfragen.

Wie gesagt, ich will Dundee nicht schlecht machen sondern dich nur auf mögliche "Nebenrisiken" aufmerksam machen.

[hbbbh]

@ #11 von Sozzi

PS @ hppph: Dundee Precious Metals ist kein Fond, sondern eine Aktiengesellschaft

lern erst mal schreiben, dann kannst du das auch den Herren vom Finanzamt besser klarmachen


btw. es gibt genügend andere Werte mit ähnlich guten bzw. besseren Charts.

[Sozzi]

@hbbbh,

sorry, wollte Deinen(Ihren) Namen nicht verhunzen, habe schliesslich Respekt vor der älteren grauhaarigen Generation

Mir gefällt der Wert ausergewöhlich gut, da die Gesellschaft schon mehrere Jahre existent ist, Ihr Portfolio breit streut (Gold + Silber + Diamanten) und dazu noch enorme Kurschangen bietet. Gut, wenn die Rohstoffpreise explodieren gehen alle Werte durch die Decke, nur hat man selber meist nie den dabei, der der "absolute" Highflyer ist. Auch wenn die Gewinne gross sein sollten, ein bischen ärgert man sich immer wenn dieser nicht dabei ist. Mit DPM bin ich in ca. 15 Topwerte auf einmal investiert und da die Gesellschaft meist "vor Ort" investiert, kann da kein Fond mithalten...

[Sozzi]

Danke @ Sovereign und Khampan,

jetzt weiss ich dank des Jipanjuthread warum DPM Cambior zu seiner grössten Beteiligung ausgebaut hat...

[Sozzi]

DPM drittgrösste Beteiligung Gabriel Resources vermutet Europa´s grösstes Goldvorkommen in Rumänien...



...Gabriel Resources owns 80% of Romanian mining company Rosia Montana Gold; Minvest SA, Romania`s state mining company, owns the rest. The Rosia Montana joint venture has two projects in western Transylvania, part of Romania`s "Golden Quadrilateral," where mining activity dates back some 2,000 years. The Rosia Montana property contains reserves of more than 10 million ounces of gold and 50 million ounces of silver. Gold production at Rosia Montana is scheduled to begin in September 2004...

Quelle Gabrielr.

[Sozzi]

DPM investiert übrigends ausschliesslich in Werte der 2. und 3. Reihe...

[Sozzi]

...O-Ton des heutigen Förtschi-Blättchens:

"Kanadische Goldminenaktien und Explorationstitel werden alle Anlageformen in den nächsten Monaten outperformen und Sie sollten noch vor der breiten Messe auf diesen Zug aufspringen (na hoffentlich bricht sich keiner den Hals ), bevor es zu spät ist"...

[Sozzi]

hier mal alle Investment´s der Gesellschaft zum 31.01.2002:


Agnico-Eagle
Argosy Minerals
Atikwa Minerals
Banro Resource
Buenaventura
Cambior
Dayton Mining
Diagem
East African Gold Mines
Eldorado Gold
Emerging Africa Gold
European Goldfields
Fort Knox Gold
Gabriel
Goldcorp
Golden Queen
Hope Bay Gold
Kinross Gold
Manhattan Minerals
Major Drilling
Meridian Gold
Northgate Exploration
Quest Ventures
Ranger Minerals
Red Back Mining
Tahera
Twin Mining
Verena Minerals


Einige Gesellschaften wurden und werden durch die "Grossen" übernommen...bin mal auf den nächsten Quartalsbericht gespannt...

[Sozzi]

Ich habe mir mal die Top10-Positionen der 20 grössten US-Minenfonds angeschaut. Aus dem Beteiligungsportfolio von DPM sind gerademal 2xBuenventura und 1xGabriel enthalten...
Mal sehen wann die anderen Beteiligungen von DPM entdeckt bzw. durch die grossen Player übernommen werden...

[Sozzi]

...immer noch ein schöner Discount...

As at May 31, 2002

Net Asset Value Per Unit $26.19

TSX Closing Price $20.10

Discount 23.25%

[Sozzi]

...letzte DPM-News von Anfang Mai...


Dundee Precious Metals Acquires Shares Of Major Drilling
Group International Inc.

TORONTO, ONTARIO--In accordance with regulatory requirements,
Dundee Precious Metals Inc. (DPM.A, DPM.WTA - TSE) ("Dundee
Precious" ) announced that, following the sale of 880,000 common
shares of Major Drilling Group International Inc. ("Major
Drilling" ) at $3.25 per share, it has acquired 1.98 million common
shares of Major Drilling at $3.10 per share.

Dundee Precious now owns or exercises control or direction over
approximately 2.4 million common shares of Major Drilling
representing an approximate 15% interest in Major Drilling.

The foregoing securities were acquired for investment purposes and
the position in Major Drilling may be increased or decreased as
deemed appropriate in light of investment criteria and market
conditions and in accordance with the provisions of applicable
securities legislation.

Dundee Precious is a Toronto Stock Exchange listed investment
company, managed by Dynamic Mutual Funds Ltd., a subsidiary of
Dundee Wealth Management Inc., providing investors with an
opportunity to participate in a portfolio consisting primarily of
precious metals related investments with the principal objectives
of capital appreciation and the provision of a hedge against long
term inflation.

-30-

FOR FURTHER INFORMATION PLEASE CONTACT:
Dundee Precious Metals Inc.
Jonathan Goodman
President & CEO
[phone]


und hier der Chart seit Investment...

[Sozzi]

und hier die neuen Top-Ten-Beteiligungen...
...da wurde aber fleissig uminvestiert...




Top 10 Holdings at May 31, 2002


Security Legal Name Description Shares Total (%)


Gabriel Resources 11.8

Miramar Mining Corporation 10.9

Cambior 10.2

Buenaventura 8.3

Eldorado Gold 7.5

Fort Knox Gold 6.5

Major Drilling 5.9

Tahera Corporation 5.5

Rio Narcea Gold 3.9

Wheaton River Minerals 2.0

[Sozzi]

und wieder hat DPM ein "goldenes" Näschen bewiesen...

VANCOUVER – Miramar Mining Corporation (MAE-TSE) and Hope Bay Gold Corporation Inc. (HGC-TSE) announce that they received yesterday, a declaratory judgement of the Quebec Superiour Court approving the fairness of the statutory amalgamation between Hope Bay Gold and a Miramar subsidiary. Closing of the transaction occurred late yesterday.

“I welcome all of our new shareholders resulting from this transaction,” said Tony Walsh, Miramar’s President & CEO. “Miramar is now one of the leading junior gold producing companies, with a combination of current gold production, tremendous exploration upside through our 100% ownership of the highly prospective Hope Bay belt and is supported by a healthy balance sheet.”

“Now that we have the merger behind us, I am looking forward to focusing our efforts on maximizing the upside potential of our gold assets,” said David Fennell, Hope Bay Gold’s Chairman & CEO. “We can get back to doing what we do well, finding gold in the Canadian North.”

As a result of the transaction, Miramar will have approximately 105.5 million shares issued, gold production from the Con and Giant Mines in Yellowknife, a substantial gold resource at the Hope Bay Project with opportunities for development and further gold discoveries, and an experienced, focused management team. These attributes provide a platform for the continued growth of Miramar as a gold producer with significant exploration upside through further discoveries.

As part of the transaction, Hope Bay Gold transferred its French Guiana assets to a new company called Ariane Gold Corp. (“Ariane”. Ariane plans to distribute special warrants to the former shareholders of Hope Bay Gold. Each Ariane Special Warrant will entitle the holder to acquire upon exercise one Ariane Common Share for no consideration. Ariane plans to arrange funding for its French Guiana properties. Miramar owns no interest in Ariane and will not be participating in the financing of these activities.

Quelle:www.miramarmining.com

[Sozzi]

... als für mich wird nun einmal mehr der "Gold-Cmgi-Charakter" dieser Gesellschaft verdeutlicht...

...hier ein Porträt zum neuen Investment Rio Narcea, woran eindeutig erkannbar ist, daß DPM nicht nur speziell in Kanada sondern weltweit (Europa, Africa, Nord- und Südamerika, Australien) in aussichtreiche Minenwerte investiert...

Rio Narcea Gold Mines, Ltd. is an established gold mining and exploration company with mining interests in Spain and Portugal. The Company produces gold at its 100%-owned El Valle and Carlés mines in northern Spain. Rio Narcea seeks profitable growth by optimizing and expanding its existing operations and selectively pursuing quality investment opportunities in the Iberian Peninsula.

In 2000, the Company produced 97,016 ounces of gold at a cash cost of US$202 per ounce. Lower than planned ore grades during the second quarter and increased smelter charges for treatment of the copper concentrates resulted in higher operating costs. Despite these constraints, Rio Narcea continued to focus on further reducing operating costs through additional improvements in mining and processing efficiencies.

Rio Narcea`s priority is to maximize near-term cash flow of its operations. In mid-2000, the Company adopted a new mine plan at El Valle to access the high-grade ore earlier than projected. For the first nine months of 2001, Rio Narcea produced 89,820 ounces of gold at a cash cost of US$186 per ounce. Based on its current mine pIan, the Company is still expecting to meet its gold production target of 125,000 ounces at a cash cost of below US$190 per o

Quelle:rionarcea.com

[Sozzi]

...so, jetzt fehlt nur noch eine Notierung von DPM an einer dt. Börse, nicht wahr hbbbh, und dann ist eine Investition in DPM durchaus angedacht...

[Goldguru]

@Sozzi

Wie gesagt so auch getan : Ab morgen gehts in Berlin los !

Ciao und goldige Träume,

Der Goldguru

[Rocky Zocky]

Hallo Leute,

über Rio Narcea habe ich in diesem Board noch nichts gelesen. Diese Aktie kann man neuerdings in Berlin gehandelt werden.
Diese Aktie verfolge ich schon seit 7 Jahren. Ein Klassenkamerad von mir ist Geologe. Er hat das Abbaugebiet in Spanien 1992 im Auftrag von Rio Narcea untersucht.
Er hat mir versichert, das in den Gebiet kräftig Gold vorhanden ist. Die Aktie kommt von ca 7 Can Dollar. Kurs jetzt 1,70 Can Dollar.
Die Deutsche Bank hat 2000 die Finanzierung übernommen.
Alles nachzulesen unter www.rionarcea.com.

[Sozzi]

@RockyZocky,

das ist ein Hammer ! Mir werden die Zusammenhänge Banken-Hedging-gedrückter Goldpreis immer klarer. Gold wird langsam unaufhaltsam steigen !



NEWS RELEASE
October 27, 2000 Trading Symbol: TSE: RNG

RIO NARCEA COMPLETES A REFINANCING PACKAGE FOR EL VALLE AND CARLES WITH DEUTSHE BANK
US$19 million debt financing, US$3.5 million convertible loan, US$1.5 million standby working capital and US$1.9 million guarantees for subsidies
Toronto - Rio Narcea Gold Mines, Ltd. is pleased to announce the arrangement of a US$19 million secured debt financing and a US$3.5 million convertible loan facility with Deutsche Bank AG to replace its existing long-term loans from both Standard Chartered Bank and a consortium of Spanish banks.

The long-term debt and convertible loan facilities have terms of five and six years respectively, with no payments due the first year. Deutsche Bank has also provided Rio Narcea with a standby working capital facility of US$1.5 million and guarantees for subsidies of up to 2.3 million Euro (approximately US$1.9 million) and a gold hedging facility. The new gold hedge facility protects the sale of 70% of Rio Narcea`s planned production with puts at US$280 per ounce and puts at 300 Euro per ounce. The position also includes the sale of call options on approximately 50% of the planned production at an average price of US$365 per ounce and 405 Euro per ounce. This gold hedging program is subject to no margin requirements and ensures that Rio Narcea`s financial obligations to Deutsche Bank can be fulfilled while still providing the Company with significant leverage to future price increases.

Alberto Lavandeira, President and CEO of Rio Narcea, commented, "We are extremely pleased with our new association with Deutsche Bank and look forward to working together. This restructuring of our long-term debt was a necessary step in developing the assets of the Company to maximum advantage. It will strengthen the Company`s balance sheet and significantly enhance cash flows to enable us to fund the future growth of the Company."

Rio Narcea Gold Mines Ltd. is an established low-cost gold producer with operations located in northwestern Spain and exploration and development activities in Spain and Portugal.

[Sozzi]

...neu im Beteiligungsportfolio sind noch 2,000,000 Anteile an Wheaton River Minerals, einem der grössten Gold- und Silberproduzenten Mexiko´s, der kürzlich ca. 126,5 Mio´s über eine Kapitalerhöhung zugeflossen sind !!!

April 24th, 2002

Wheaton River to Acquire Intermediate Gold/Silver Producer

Wheaton River Minerals Ltd. (WRM: TSE) announced today that it has entered into an agreement to acquire all of the outstanding shares of Minas Luismin, S.A. de C.V., one of Mexico`s largest producers of gold and silver. This acquisition will result in Wheaton becoming an intermediate gold and silver producer with Luismin`s 2002 production expected to exceed 183,000 gold equivalent ounces at a cash cost of approximately US$195 per ounce.


Luismin owns three mining operations that have produced over 1.5 million gold equivalent ounces since 1991. Production in 2001 totalled 98,000 ounces of gold and 5.75 million ounces of silver (190,600 gold equivalent ounces at a cash cost of US$198 per ounce), making it the third largest producer of silver and second largest producer of gold in Mexico.


Luismin has proven and probable mineral reserves of 0.86 million gold equivalent ounces and mineral resources of 3.8 million gold equivalent ounces of which approximately 41% is gold. Over the past ten years Luismin has converted more than 80% of their mineral resources to mineral reserves. In addition to the operating mines, Wheaton is also acquiring a select portfolio of over 40 exploration projects located in prospective geological regions of Mexico.


Under the agreement, Wheaton will acquire Luismin from a subsidiary of SANLUIS Corporacion, S.A. de C.V. in exchange for a consideration of US$75 million in cash (some of which may be deferred), of which it is anticipated that US$20 million will be bank financed to replace an existing Luismin banking facility, and US$7.5 million in common shares of Wheaton which will be issued at a 25% premium to the market price. An additional Silver Price Adjustment Payment of US$7.5 million in Wheaton common shares will be paid if the price of silver averages US$5 or more over a period of 60 consecutive trading days during the 24 months following completion of the transaction.


Completion of the Luismin acquisition is subject to a number of conditions and consents including Wheaton obtaining all requisite regulatory approvals and raising the required funds. At the present time Wheaton has US$20 million in cash and marketable securities. An investment banking syndicate lead by Griffiths McBurney & Partners and including BMO Nesbitt Burns Inc., Canaccord Capital Corporation and Haywood Securities Inc. will assist in a special warrant equity financing. The Company expects that the transaction will close about the middle of June 2002.


Following the closing Antonio Madero, the Chairman and CEO of SANLUIS and Eduardo Luna, the President of Luismin will join the Board of Directors of Wheaton. Mr. Luna will continue in his current role and will become an executive of Wheaton, based in Mexico.


Antonio Madero is a mining engineer and a graduate of the Harvard Graduate School of Business. He serves as a Director of numerous corporate and cultural organizations including Deere and Company, ING Mexico, Grupo Mexico and Scotiabank Inverlat. He is also a member of the International Advisory Board of J.P. Morgan Chase Inc. of New York.


Eduardo Luna is a mining engineer, President of the Mexican Mining Chamber and a former President of the Silver Institute. He has led Luismin for the past ten years as production and reserves have more than doubled.


"We welcome both Antonio Madero and Eduardo Luna to our Board and look forward to working with them to expand the great mining company that they have created" said Ian Telfer Chairman and CEO of Wheaton.


"This is a great day for the shareholders," Mr. Telfer added. "Our shareholders have waited patiently for the past six months and I trust it has been worth the wait. We were fortunate to be able to acquire a low cost gold and silver producer with a large reserve and resource base, a strong experienced management team and significant potential for growth.


"Over the past six months we have raised cash and disposed of certain development properties in preparation for an acquisition. Over the next five years we expect to increase annual production to over 250,000 gold equivalent ounces per year and make improvements that will result in cash costs declining to less than US$170 per ounce. We are also very excited about a number of the exploration properties that are well advanced. The acquisition of Luismin is the first of a series of acquisitions designed to create a new mid-sized gold mining company focussed on increasing production, reserves and cash flow."


"I am very pleased about this transaction and I am looking forward to joining the Board of Wheaton," said Antonio Madero. "The combination of their technical track record and financial expertise makes them a perfect partner for Luismin."


Pierre Lassonde, President of Newmont Mining Corp., and a member of the Wheaton Advisory Board commented "I am pleased that management was able to acquire such a high quality, long life asset at what I believe is the early stage of a prolonged rally in the price of gold."


In addition to Griffiths McBurney & Partners, Wheaton was also advised by Roman Friedrich and Company and Endeavour Financial. SANLUIS was advised by Rothschild Inc.


The 860,000 gold equivalent ounces of mineral reserves are comprised of (i) approximately 224,000 gold ounces and 13.7 million silver ounces of proven reserves, and (ii) approximately 180,000 gold ounces and 16.6 million silver ounces of probable reserves. The 3.8 million gold equivalent ounces of mineral resources are comprised of approximately 1.5 million gold ounces and 152 million silver ounces of inferred mineral resources. The mineral resource and mineral reserve estimates are as of December 31, 2001. Mineral reserves and mineral resources are calculated using conventional block estimation techniques. Gold and silver prices for the mineral reserve calculation are US$271/oz. and US$4.37/oz., respectively. The cut off grades are based upon historical metal recovery for each mine together with current operating costs of US$45/t at Tayoltita, US$44/t at Santa Rita, US$48/t at San Antonio, US$22/t at San Martin and US$57/t at La Guitarra. Mineral resources which are not mineral reserves do not have demonstrated economic viability.


Velasquez Spring, P.Eng., Senior Geologist, Watts, Griffis & McOuat Limited, a "qualified person" within the meaning of National Instrument 43-101 of the Canadian Securities Administrators, has checked the information provided during visits to the mines and data room and reviewed it for adequacy and completeness.


Safe Harbor Statement under the United States Private Securities Litigation Reform Act of 1995: Except for the statements of historical fact contained herein, the information presented constitutes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements, including but not limited to those with respect to the price of gold, the timing and amount of estimated future production, costs of production, reserve determination, reserve conversion rates, the timing of the development of new deposits, the Company’s hedging practices, permitting time lines, and the timing and possible outcome of pending litigation involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievement of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the actual results of current exploration activities, actual results of current reclamation activities, conclusions of economic evaluations, changes in project parameters as plans continue to be refined, future prices of gold and silver, as well as those factors discussed in the section entitled "Risk Factors" in the Annual Information Form and in the Form 20-F as on file with the Securities and Exchange Commission in Washington, D.C. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.










May 30th, 2002

Wheaton River Closes $126.5 Million Financing

Wheaton River Minerals Ltd. (WRM: TSX) is pleased to announce the closing of a private placement of 110 million special warrants at a price of $1.15 per special warrant for aggregate gross proceeds to Wheaton River of $126.5 million. The initial offering size of 82 million special warrants was expanded to 110 million special warrants by the syndicate of agents led by Griffiths McBurney & Partners, including BMO Nesbitt Burns Inc., Canaccord Capital Corporation and Haywood Securities Inc.


Each special warrant entitles the holder to acquire, without further payment, one common share of Wheaton River and one-half of one common share purchase warrant. Each whole common share purchase warrant will entitle the holder thereof to acquire one common share of Wheaton River at a price of $1.65 per share for a period of five years following the closing date.


The net proceeds from the private placement will be deposited in escrow and used to fund the cash portion of the purchase price payable by Wheaton River in connection with the previously announced acquisition of Minas Luismin, S.A. de C.V., one of Mexico`s largest producers of gold and silver. Closing of the acquisition of Luismin is scheduled for mid June 2002.


Ian Telfer, Chairman and CEO of Wheaton River, said that "Successful completion of the acquisition of Luismin is the first step towards creating a new mid-tier precious metals producer. The positive reaction of the equity markets to this financing confirms our belief that Luismin will provide a strong platform from which to grow."


The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an application exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.

Safe Harbor Statement under the United States Private Securities Litigation Reform Act of 1995: Except for the statements of historical fact contained herein, the information presented constitutes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements, including but not limited to those with respect to the price of gold, the timing and amount of estimated future production, costs of production, reserve determination, reserve conversion rates, the timing of the development of new deposits, the Company’s hedging practices, permitting time lines, and the timing and possible outcome of pending litigation involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievement of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the actual results of current exploration activities, actual results of current reclamation activities, conclusions of economic evaluations, changes in project parameters as plans continue to be refined, future prices of gold and silver, as well as those factors discussed in the section entitled "Risk Factors" in the Annual Information Form and in the Form 20-F as on file with the Securities and Exchange Commission in Washington, D.C. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.


Quelle:wheatonriver.com

[Sozzi]

...Fort Knox Gold Resources, noch unentdeckt, auch unserem Goldguru ?


Fort Knox
Junior exploration company with platinum group metals interests in Alaska and canada...

[Sozzi]

Im Vergleich zum Vormonat hat DPM kein einziges Stückchen der Tahera Corporation verkauft (Portfolioanteil zwar von 9,2 % auf 5,5 % runtergegangen, aber keine Anteile wurden veräußert). Gold, Silber, Rohstoffe etc. sind in aller Munde, doch wie sieht´s in Zukunft mit DIAMANTEN aus ?




Tahera Corporation (TAH:TSE) is a Canadian exploration company engaged in the exploration for and development of diamond deposits in Canada`s Nunavut and Northwest Territories.

The Company, with its headquarters located in Toronto, Ontario, trades on the Toronto Stock Exchange under the symbol TAH.

Tahera`s most important asset is its large landholding located in Nunavut and the Northwest Territories where a number of diamond-bearing kimberlites have been discovered.

The Jericho Diamond Project, located in Nunavut approximately 400 km northeast of Yellowknife, NWT is wholly owned by Tahera Corporation. Tahera recently finalized the joint venture amending agreement with Kennecott Canada Exploration Inc. (a member of the Rio Tinto group of companies). The agreement outlines the terms and conditions under which Tahera`s Jericho Claims may be incorporated into the existing joint venture between the two companies. Six kimberlites in two separate kimberlite clusters have been discovered to date within a 30 km radius of the Lupin Gold Mine.

A feasibility study to examine the economics of developing a diamond mine based on the Jericho Kimberlite was completed in June 2000.

Tahera has formed strategic joint ventures with Rio Tinto and BHP Diamonds Inc. to explore and develop the remainder of its large landholdings in the Northwest Territories and Nunavut, and will maintain interests ranging from 30% to 40% in these joint ventures.


Ouelle:www.tahera.com

[Sozzi]

...aha, Fort Knox Gold Resources hat sich kürzlich in FNX Mining Company umbenannt...
FNX Mining Company ist ein Nickel-, Kupfer-, Platinium-, Palladium-, Ruthenium-, Gold- und Silberproduzent !

Quelle:www.fnxresources.com

Fort Knox Gold Resources Inc., incorporated in 1984, is listed on the Toronto Stock Exchange under the trading symbol FNX.

In order to achieve its objective of becoming a mid-tier mining company, Fort Knox has optioned five mineral properties in the Sudbury Basin from Inco Limited. These five properties, in which Fort Knox can acquire 100% ownership, have all been mined by Inco for copper, nickel, platinum/palladium, and gold.

In addition to being responsible for all the exploration aspects of the project, Fort Knox has established a joint venture with Dynatec Corporation. Dynatec, an experienced and well-established mining contracting company, will be responsible for all mining activities. Inco will also be a partner and will provide smelting and refining services in their Sudbury facilities.

Some 100 mines have been established in Sudbury since the late 1800s and total reserves and production are estimated at approximately 1.6 billion tonnes of ore. Metal production to date from these deposits exceeds 8.5 million tonnes of nickel and 8.4 million tonnes of copper. By-products from this production include cobalt, platinum, palladium, gold, silver, osmium, iridium and ruthenium.

The Fort Knox property package covers 1,831 hectares (4,500 acres) and includes 5 former producing mines: Victoria, McCreedy West, Levack, Norman and Kirkwood. These properties, all of which lie within the confines of the Sudbury Structure, contain remnants and extensions of previously mined deposits. Five "near-term production" targets and twelve "advanced exploration" targets have been identified.

The Sudbury mineral deposits were formed some 1.8 billion years ago when a meteorite impact & associated activity produced nickel-copper-platinum group metal -gold (Ni-Cu-PGM - Au) orebodies that constitute the world`s largest known concentration of Ni-Cu sulphides.

[Sozzi]

DPM ging im letzten Quartal einige neue Beteiligungen ein. Es wurden folgende neue Investitionen getätigt:

- International Pursuit Corporation
- Anatolia Minerals
- Case Resources
- Metallica Resources
- Titanium Corporation

Quelle: Quartalsbericht DPM

[Sozzi]

...DPM hält 2,416,667 Anteile an Case Rsources Inc., einem Öl- und Gasexplorer

Case Resources Inc. is an oil and gas exploration and production company with proven strategies, an experienced management team, and an excellent growth plan.

www.caser.ca


Strategiewechsel ???

[Sozzi]

...hier ein weiteres Beispiel, wie breit DPM sein Portfolio streut...

TITANIUM CORPORATION INC. is a mineral development company, with headquarters in Toronto, Ontario, Canada. The Company`s main asset is a world-class titanium-bearing heavy mineral sands project located near Truro, Nova Scotia, Canada.


Titanium Corporation`s shares are traded on the Canadian Venture Exchange (CDN-X) under the symbol TIC. (CUSIP Number: 88833T104, U.S. Clearing Symbol: TITUF)

www.titaniumcorporation.com


noch einige Info´s zum Rohstoff Titanium...

Titanium is a light silvery-colored metal, which occurs in nature as rutile, ilmenite and leucoxene. More than 80% of the ore is converted into titanium dioxide used as pigment in the production of paper, plastics and paints. Due to its resistance to corrosion and heat, titanium is used in the aeronautic and space industries, and in the manufacturing of chemical equipment. Pacemaker components and artificial hips are also made of titanium

[Sozzi]

...Neuinvestment Nr. 3...

Anatolia Minerals
www.anatolia-minerals.com

Anatolia Minerals Development Ltd. is a public corporation founded by strong North American and European mining and mine finance professionals. The company`s Turkish-based professional staff have held key operating, technical and administrative positions in Western and Turkish mining companies and the Turkish government, and are intimately familiar with the mineral-rich regions of Turkey. The company has taken a leading role in recognizing areas of extraordinary mineral potential: gold, silver, copper, zinc, cobalt, nickel, plus other minerals throughout Turkey. Now, allied with Rio Tinto Mining & Exploration, AMDL has the ability to bring any worthwhile project to fruition. Organized in early 1996, AMDL`s Turkish subsidiary, Yeni Anadolu Mineral Madencilik Sanaya Ve Tic. Ltd. Sti (‘Yamas`) controls more than ten major project areas covering 3.1 million acres (over 1,255,000 hectares, over 4,800 square miles) throughout Turkey. The company has brought capital and systematic Western exploration techniques to these attractive projects. The company continues to seek, acquire and review primary acreage. Its exploration portfolio is expanding.
AMDL is a licensed Turkish limited corporation with headquarters in the Denver area and exploration offices in Ankara, the capital of Turkey.

[Sozzi]

Neuinvestment Nr. 4
www.metal-res.com



Metallica Resources is a publicly held (TSE: MR, OTCBB: METLF) Canadian mineral exploration and development company with a geographic focus in the Americas. The Company has a 50% ownership in a significant, future gold mine in Mexico and an exciting new copper-gold discovery at its joint venture project in Chile. Metallica `s corporate goal is to build shareholder value through growth of its existing assets and pursuit of quality investment opportunities.

[Sozzi]

...um die Neuinvestments tätigen zu können wurden Anteile für 9,8 Mio Can$ Goldcorp, 6,9 Mio Can$ Agnico und 5,0 Mio Can$ Meridian verkauft...

[Sozzi]

...ooohh, DPM hatte zum 30.04.02 625,690 Stück Kinross im Portfolio...

[Sozzi]

...das Unternehmen mit der bisherig schlechtesten Performance im Portfolio ist Argosty Minerals - ob Nickel auch in der kommenden Rohstoffhause mit eingeschlossen ist ?

Argosy Minerals Inc. is a resource exploration and development company that is listed on the Australian Stock Exchange under the symbol AGY. Argosy controls a large high grade nickel laterite deposit that has entered the final feasibility stage in partnership with a major international nickel company. Argosy has the cash position to advance its interest in that project, in addition to its two less advanced exploration stage projects.

The New Caledonian Nickel Project, located in the Canola region of New Caledonia is a large, high grade nickel-cobalt deposit defined by 872 drill holes. A detailed feasibility study to be funded by joint venture partner Norilsk Nickel has recently been announced.

The Musongati Nickel Project, located in Burundi is based on the exploration and potential development of a large nickel-cobalt-copper laterite deposit, defined by 237 drill holes. Argosy is seeking a joint venture partner to further explore and develop the project.

The Kremnica Gold Project in the Slovak Republic is a million-ounce epithermal gold resource amenable to open-pit mining. The project has untested exploration potential and a government-sponsored development incentive package that could be attractive to a joint venture partner, particularly should gold prices improve. An alternative for the Company is the outright sale of the asset.

www.argosyminerals.com

[Sozzi]

...ich stelle nun mal einige andere Investment´s von DPM hier rein...sind zwar keine Neuinvestment´s, aber es gibt sicherlich Gründe, warum DPM sie einsern im Portfolio belässt...


Twin Mining Corporation (formerly Twin Gold Corporation) is a mineral exploration and development company with two promising diamond properties located in Canada`s Eastern Arctic, an advanced gold project located in Idaho, U.S.A., and gold exploration properties in Indonesia.

The Company`s shares trade under the symbol TWG on the Toronto Stock Exchange and 878 341 (EDV-Kürzel ATG) on the Berlin/Frankfurt OTC Exchange.


www.twinmining.com

[Sozzi]

Diagem International Resource Corporation

Diagem, a public company listed on the Canadian Venture Exchange, has recognised the importance of being vertically integrated since inception and continues to emphasized this in its plans for the future. Our strategy emphasizes the need for having control of ones own supply of diamonds, maximizing the value of each stone through the cutting and polishing process, along with the capability of marketing and selling the diamonds into the emerging brand-led market place.
Diagem is exploring for additional diamondiferous kimberlite pipes, which could possibly become economically viable diamond mines. The term "world class" is used loosely to indicate a pipe in excess of $1billion in value. Diagem is currently evaluating 5 kimberlite pipes that will be undergoing a bulk testing program this year. This year`s work will also provide a value/carat and value of deposit calculations. It is believed that at least one of these pipes will prove to be responsible for the population of larger better quality diamonds found in the direct proximity of these pipes. This is our most immediate, and potentially most valuable asset. Our exploration work has focused on a mere 2000 hectare piece of our 140,000 hectare property. The wider area warrants investigation as both in-house and independent studies have indicated that one, or more, important sources of large and precious diamonds exist in the area.With the addition of Pipe 6 to its asset portfolio Diagem is now in a position to develop two mining operations, one alluvial and one kimberlite. These mining activities are designed to demonstrate the huge potential of Diagem`s diamond assets and provide the machinery and sustainable funding to complete the bulk testing of the 5 discovery kimberlite pipes and complete work on a number of priority targets in order to advance more targets to the bulk testing phase.

www.diagem.com

[Sozzi]

Banro Corporation a gold exploration and development company, controls through it`s 93% owned subsidiary, SAKIMA SARL, 10 mining permits and 47 mining concessions encompassing an area of 10,271 square kilometers in Congo (DRC). The area of prime interest is a geological belt about 180 kilometers long known as "The Namoya - Twangiza Gold Belt". This structure exhibits many similarities to the "Ashanti" gold belt in Ghana because of the frequency of gold deposits, the mineralogy and geology. The geological resource is currently estimated at 13 million ounces in various resource categories. Phase 1 drilling of the Twangiza deposit was completed in February 1998 and Phase 2 drilling is scheduled to begin in June 1998.. The first phase of exploration drilling on the Namoya deposit is pending with mobilization of the camp underway as of April 30, 1998.


www.banro.com

[Sozzi]

Golden Queen Mining



Golden Queen Mining Co. Ltd. is a British Columbia company incorporated in 1985 and listed on The Toronto Stock Exchange since March 1990 (symbol GQM).

The Company is developing the Soledad Mountain Project, which is located five miles from Mojave in Kern County, California. A bankable-level project feasibility study by M3 Engineering and Technology was updated by Golden Queen in early 1999 and indicates that, at assumed gold and silver prices of $325 and $6 per ounce, respectively, 130,000 ounces of gold and 1,500,000 ounces of silver could be produced annually for more than ten years at a total cash cost of $176 per ounce of gold (net of silver byproduct credits). The ore reserve and feasibility study are being updated following a drilling and sampling program carried out during 1999. Major permits for the development of the project are in place, and construction will begin as soon as financing is obtained.

Once the project is in production, revenues are expected to be increased through the sale of construction aggregates. In addition to a suite of rock products that can be produced from waste rock, a manufactured sand product is planned to be produced from the material remaining after the precious metals are recovered from the finely crushed ore. The project`s southern California location and its proximity to major north/south and east/west rail lines support the development of a profitable construction aggregates business using these mining byproducts.

www.goldenqueen.com

[Sozzi]

European Goldfields

European Goldfields` corporate goal is to evaluate a number of gold projects within Europe`s renowned Golden Quadrilateral.
The Company is managed by a proven team who have successfully advanced major gold deposits in the region and generated significant value for investors.

www.egoldfields.com

[Sozzi]

Verena Minerals


Exploration expenditures
• Verena and Joint Venture partners spent approximately US$ 1,140,000 on exploration of Verena properties.

Barra Grande Diamond Project

• Large gravel diamond bearing resource (over 100,000,000 m3) outlined by Trans Hex on the Barra Grande diamond project through 14,000 metres of reverse circulation drilling. A total of US$4.5 million was spent on the project. Trans Hex terminated its relationship and returned the properties (mineral titles) to Verena. • Many targets remain to be tested.

Rio Uberaba Diamond Project

• Verena signed an agreement with BHP-Billiton (BHPEML) and Kel-Ex, a company controlled by Charles Fipke, on its Minas Gerais Diamond Concessions. Kel-Ex can earn a 51% interest in the properties by spending US$4.2 million and discovering a diamondiferous kimberlite or lamproite. BHPEML may acquire an ownership interest at anytime during the exploration and feasibility stages by completing certain bulk samples or preparing a feasibility study.

Paraiso Emerald Project

• A pre-feasibility report was submitted to the DNPM in November 2001on Verena`s 47 hectare Verena`s 100% owned property. Once approved by DNPM, Verena will file for a mining permit, which Verena anticipates will be obtained during the latter part of 2002.

Sigma PGE Project:

• A new project explored in 2001 and managed by Dr. Cesar Fonseca, an independent consultant and a well-known professor and PGE expert from the University of Brasilia. Six Lower Proterozoic (2,071 ± 4 MY) layered mafic-ultramafic complexes in Tocantins State were identified and hold favourable potential to host PGE mineralization. Verena previously conducted airborne mag and radiometrics totalling 21,500 line kilometres on 200 meter spacings on part of the area.

Bonfim Project:

• Verena followed up encouraging field results from a new geological interpretation and completed a pre-feasibility study early in 2002. A resource of over 1,000,000 oz Au and over 30,000 tons of (WO3) tungsten were outlined. Metallurgical test work indicates a better than 90% gold recovery using cyanide leaching and a high grade scheelite concentrate using standard shaking tables. During 2002, Verena plans to build a pilot plant to bulk sample the 100,000 oz/Au equivalent proven reserve in order to complete a metallurgical study of the ore.

www.verena.com

[Sozzi]

...3,000,000 Anteile Quest Ventures Ltd., a private merchant banking company...

[Sozzi]

Net Asset Value

As at June 10, 2002

Net Asset Value Per Unit $24.15

TSX Closing Price $16.90

Discount 30.02% !!!!!

[Sozzi]

Kurzinfo´s zur grössten DPM Beteiligung Cambior

- nordamerikanischer Goldproduzent (keine Junior mehr, aber bald Senior)
- weltweiter Bekanntheitsgrad (wg. Umweltskandal 1995 )
Goldbergwerks Omai in Guyana, die Mauer bricht, 2,5 Millionen Kubikmeter Zyanidlösung laufen in den Fluß Essequibo, gewaltiges Fischsterben, das Gebiet wird zur Nationalen Katastrophenzone erklärt
- japanische Gesellschaft Jipangu ist Grossaktionär und wird schon wissen warum

[Sovereign]

@Sozzi

- japanische Gesellschaft Jipangu ist Grossaktionär und wird schon wissen warum.

- Sovereign hat 38 % seines Gesamtportfolios in Cambior und wird auch schon wissen warum

[Sozzi]

@Sovereign und all,

warum kein DPM-Investment ?
Die Gesellschaft investiert bereits einige Jahre im Metallsektor und ist 100%-ig besser informiert als wir alle zusammen. Mit einem Investment in DPM deckt man so ziemlich alle Rohstoffe und das auch noch weltweit ab. Zu den Kernbeteiligungen sind einige Explorer im Portfolio, was noch den zusätzlichen "Kick" verleiht.



Hier noch Info´s zur letzten DPM-"Grossinvestition":

Based in Moncton, New Brunswick, Canada, Major Drilling Group International Inc. is one of the world`s largest drilling service companies. To support its customers` varied drilling requirements, Major Drilling maintains field operations and offices in Canada, the United States, South America, Europe, Asia, Africa and Australia. Major Drilling provides all types of drilling services including surface & underground coring, directional, reverse circulation, RAB, geo-technical, and environmental drilling. It also manufactures and sells "state-of-the-art" drills and drilling equipment, which are used by companies around the world. Its stock trades on The Toronto Stock Exchange under the symbol "MDI".

www.majordrilling.com

[Sozzi]

...kennt Ihr den Spruch das beim Goldboom immer die "Schaufelhersteller" am reichsten geworden sind ?
Heutzutage sind das die "Drilling Service" - Unternehmen ala Major Drilling...

Warum wohl hat Major Drilling beim letzttägigen "Einbruch" nicht korrigiert?

[Sozzi]

...6,438,460 Anteile an East African Gold Mines Limited...

EAGM will be one of the world`s most exciting new gold floats in 2002. It has substantial production, exploration potential and controls a large area in the North Mara region of northern Tanzania....

[Sovereign]

"warum kein DPM-Investment ?
Die Gesellschaft investiert bereits einige Jahre im Metallsektor und ist 100%-ig besser informiert als wir alle zusammen"

Ich finde Fonds nunmal per Definition langweilig. Ich bastel mir lieber mein eigenes Portfolio zusammen, dann kann ich mich wenigstens über mich selbst und nicht übere ein Fondsmanager bei Fehlgriffen ärgern (vice versa bei Glücksgriffen natürlich auch).

Außerdem kosten Fondsmanager auch Geld und das geht zu Lasten des Ergebnisses.

Gruß

Sovereign

[Sozzi]

@Sovereign,

DPM ist kein Fond, sondern eine Beteiligungsgesellschaft. Ich erinnere mich noch genau an die Zeiten 1996-2000 wo zwar jeder Internetfond jährlich 100% Performance aufwies, aber eine Cmgi legte zeitweise um 5000% zu. Diese Zeiten werden wiederkommen, oder sind schon da, wo "Metallfirmen" an die Börse strömen und jede Kaptialerhöhung durchgeht. Da DPM zur Zt. an ca. 30 "Metallfirmen" beteiligt ist, ist das Ergebnis und damit der Kurs durch den entstehenden Hebel umso grösser...

Gruss Sozzi

[Sovereign]

@Sozzi

"DPM ist kein Fond, sondern eine Beteiligungsgesellschaft."

DPM ist ein börsennotierter geschlossener Fonds, der vornehmlich in Goldminenaktien investiert (nicht mehr und nicht weniger, verglichbar z.B. mit ASA aus Südafrika).

So gut wie alle von DPMs assets sind börsennotiert, also kann man den gleichen Effekt erzielen, wenn man sich selber die jeweiligen Aktien zusammenkauft. Wer nur einen geringen Depotanteil in Gold halten will, der kann DPM ruhig kaufen, ich dagegen bevorzuge Einzelengaments und habe mit meinen 42 Minenaktien mittelrweile auch schon sowas wie einen "Privatinvestmentfonds".
Schau Dir die Verwaltungsgebühren von DPM an: Was in den letzten Quartalen an Dividenden rein kam, ging als Mangementgebühr wieder drauf. Ich kassiere Dividenden leiber direkt und brache keinen "Manager" der selbst auch die Hand auf hält.

Gruß

Sovereign

[Sozzi]

@ Sovereign,

wow 42 Investment´s, ich verkaufe DPM und stelle meine gesamten freie Mittel in Höhe von 1.000 EUR dir zur Verfügung...

Gruss Sozzi

[Sozzi]

www.northgateexploration.ca

Northgate is in the business of mining and exploring for gold and copper, with a focus on opportunities in North and South America. Our principal assets are the 275,000 ounce per year Kemess South mine in north-central British Columbia and the adjacent Kemess North project where a significant exploration discovery was made in 2001.

Our Goal is to enhance shareholder value. Our three part strategy in pursuit of this goal is:
To continue to improve operations and lower operating costs at the Kemess South mine and milling complex.
To add reserves at Kemess through exploration and development at Kemess North and other nearby properties.
To protect and enhance the value of our assets by employing sound risk management practices.

[Sovereign]

@Sozzi

Ab 100 Tsd. € könnnen wir uns über ein individuelles Vermögensverwaltermandat für Deine Investments unterhalten (im Vergleich zu DPM sind meine Managementgebühren sogar moderat)

[Sovereign]

P.S.: Die Kemess-Mine der Northgate (gehörte übrigens früher zur pleite gegangenen Royal Oak und war ein Grund des Niedergangs dieser Firma) ist mir persönlich zu "kupferlastig" und hat mich bezogen auf den cash flow auch noch nicht richtig überzeugt.
Daher zählt dieser Wert (genauso wie die ähnlich strukturierte Freeport McMoran) nicht zu meinen 42 Mineninvestments

Gruß

Sovereign

[Sozzi]

News zu Sovereign´s 38% Investment...

Longueuil, June 12, 2002
CAMBIOR RENEGOTIATES ITS MANDATORY HEDGING COVENANTS WITH ITS LENDERS

Cambior Inc. is pleased to announce that it has successfully negotiated a 50% reduction in its mandatory gold hedging covenants with its lenders. The mandatory hedging requirement is now fixed at 35% of production from its existing mines until 2005. The agreement also calls for a new schedule of payments for its remaining portion of the term loan’s outstanding balance with $3.4 million quarterly payments commencing June 2003 to September 2004 and a residual payment of $2.1 million on December 31, 2004. Cambior also has a $10 million un-drawn credit line facility which is due on December 31, 2005. The credit providers have also agreed that any new production from Cambior during the loan life will not be subject to the mandatory hedging covenants. This agreement also includes other favourable modifications. The Company intends to reduce the size of its current revenue protection program when market conditions provide opportunity.

Louis P. Gignac, President and Chief Executive Officer of Cambior, stated "this 50% reduction in the mandatory hedged quantity for the next four years of production will allow us more flexibility in the management of our revenue protection program and will expose us to improvements in the gold market. We are aggressively pursuing the final feasibility study of the low cost Gross Rosebel gold project in Suriname planned for the third quarter of this year".

[Sovereign]

@Sozzi

Ja, diese Meldung hatte ich auch schon erwartet.
Fakt ist: Cambior hat momentan 1,8 Mio. oz (demnach 3 Jahresproduktionen gehedgt). Im Zuge dieser Vereinbarung können die hedges nun auf 700 Tsd. oz zurückgefahren werden (Geld dafür hat Cambior infolge der durchgeführten Kapitalerhöhung genug in der Hinterhand).
Alles was wir jetzt noch brauchen, ist eine günstige Gelegenheit zum covern der hedges. Mit etwas Glück bashen die Shorties den Goldpreis ja noch mal kurzzeitig auf 310 oder gar 300 $ runter, dann schlägt die Stunde des coverns und später kann der Goldpreis wieder steigen.

Riskanter Plan. Es könnte klappen, sollte klappen, müßte klappen, wird klappen....Es klappt bereits

Gruß

Sovereign

[Sozzi]

@Sovereign,

...und wieder ein kleines Schrittchen von Cambior...

June 12, 2002
Golden Star Resources has completed the acquisition of a 50% interest in the Yaou and Dorlin gold properties in French Guiana from Cambior, as part of a number of transactions with Cambior on joint ventured properties in the Guyana Shield. The other 50% interest in these properties is held by Golden Star`s 73% owned subsidiary, Guyanor Ressources S.A., which gives Golden Star an effective interest in these properties of 87%. In a separate development, Golden Star has made a commitment to Guyanor to participate in a rights issue by Guyanor of up to EUR15 million (USD14 million) by contributing the approximate USD11 million of debt owed by Guyanor to Golden Star into the rights issue. The company noted that the debt for equity swap will have no impact on Golden Star`s consolidated balance sheet or statement of operations.

[Sozzi]

...mal wieder gute Explorationsergebnisse von den DPM-Investment´s Fort Knox Gold und Miramarmining...


Thursday, June 13, 2002
Fort Knox Gold has cut wide intersections of high-grade Cu-Ni-Pt-Pd-Au mineralization on the Norman 2000 Zone. In addition, shallow drilling intersected narrower zones of similar high-grade mineralization and enhanced the open pit potential of the Norman North Zone. Highlights included 116` grading 3.3% Cu, 0.6% Ni, 3.1 g/t total precious metals from the 2000 Zone and 12` grading 14.2% Cu, 0.2% Ni, and 30.8 TPM from the North Zone.

June 10, 2002
Sherwood Mining Corporation (TSXV:SWM) and Miramar Mining Corporation (TSX:MAE) are pleased to provide an update on the diamond exploration program being conducted on the Hope Bay Belt, located in the Slave Craton in Nunavut, Canada. Further to the joint news release issued by Sherwood and Miramar on March 27 2002, a formal agreement has been completed that allows Sherwood to earn up to a 70% interest in any diamondiferous bodies discovered in the Hope Bay Belt.

“We are very encouraged by the preliminary results of our diamond indicator mineral analysis,” said Bruce McLeod, President & CEO of Sherwood Mining Corporation. “The northeast corner of the Slave Craton has been overlooked in the search for diamonds in recent years. However, recent discoveries of diamondiferous kimberlites in the Coronation Gulf area of the Slave Craton suggests areas near the margins of the Craton, including the Hope Bay area, have greater potential for discoveries of diamonds than previously recognized.”

“We are pleased with the results of Sherwood’s diamond exploration to date,” said Tony Walsh, Miramar’s President & CEO. “Through our significant share ownership in Sherwood and our retained interest in any diamondiferous bodies discovered in the Hope Bay Belt, we would benefit significantly from any diamond discoveries in the belt, while we continue to pursue additions to our already substantial gold resources at Hope Bay.”

Diamond Indicator Minerals

Results have been received from sixty-three surficial till sample concentrates previously collected by Miramar as part of its gold exploration activities and selected by Sherwood for Diamond Indicator Mineral picking. Of the 63 samples reviewed, 49 yielded possible diamond indicator minerals including garnets, chromites, ilmenites, chrome-diopsides and olivines. The picked grains were microprobed for confirmation. Microprobe results conclude that five chromites from four samples are possibly derived from kimberlite or related intrusions. One garnet was found to be eclogitic and is possibly from a kimberlitic or related intrusion. Ten chrome-diopsides may possibly be low chrome kimberlitic diopsides. Four of the till samples were found to contain more than one microprobe confirmed indicator minerals.

Additional Work Underway

Other work that will better define the diamond potential of the Hope Bay and Elu Belts is ongoing. Over 100 additional reverse circulation till sample concentrates from the Hope Bay Belt have been selected for picking diamond indicator minerals. In addition, all available geophysical data from both the Elu and Hope Bay Belts is currently being reviewed for possible kimberlite targets. Planning for a summer diamond exploration program is in progress and should be finalized by month end.

Both Sherwood and Miramar feel that this preliminary data indicates that there is potential for the discovery of diamonds in the Hope Bay and Elu mineral belts. The Hope Bay belt encompasses approximately 107,800 hectares and is 100% owned by Miramar, subject to Sherwood’s option to earn up to a 70% interest in any diamond discoveries, and is being actively explored by Miramar for additions to its already substantial gold resources. The Elu Belt is 100% owned by Sherwood, encompasses approximately 44,500 hectares of mineral claims and located approximately 30 kilometres northeast of the Hope Bay Belt, on the northeast margin of the Slave Craton. Recent discoveries of diamondiferous kimberlites on the margins of the Slave Craton have greatly increased the prospectivity of the Elu and Hope Bay areas for diamond discoveries.

Quality control for all Diamond Exploration currently being conducted on the Hope Bay and Elu Belts is under the supervision of Apex Geoscience Ltd. of Edmonton Alberta.

Miramar Mining Corporation owns ten million shares of Sherwood Mining Corporation representing an interest of approximately 40% of the currently issued and outstanding shares of Sherwood.

Drilling on Sherwood’s 100% owned Elu Belt Volcanogenic Massive Sulphide targets is now complete. A total of 1,755 metres in 15 diamond drill holes were completed over two mineralized trends. Results from the drilling will be announced when available.

[Sozzi]

...DPM hält nun nach Aktientausch 10,5% an Diagem...

June 13, 2002
Dundee Precious Metals Inc. (DPM.A, DPM.WTA - TSX) ("Dundee Precious" announced that, following the amalgamation of Emerging Africa Gold (EAG) Inc. ("EAG" and Diagem International Resource Corp.




Diagem and EAG Vote, Overwhelmingly, for Amalgamation.

The management of Diagem International Resource Corp ("Diagem" and Emerging Africa Gold (EAG) Inc. ("EAG" jointly announce that last Friday, May 24, 2002, the Shareholders of the respective companies voted, overwhelmingly, in favour of the amalgamation of the two companies. The amalgamation, which will be effective May 31, 2002, will result in shareholders of EAG receiving one share of Diagem for each share held. Upon completion of the transaction Diagem shareholders will have exposure to promising kimberlite potential in both the Juina Diamond District of Mato Grosso, Brazil and Ontario, Canada, in addition to extensive holdings in Brazil of diamond bearing alluvial gravels.
Diagem will have six diamondiferous kimberlite pipes, which are to be bulk sampled, a 51% interest in Property 1000 which contains a seventh kimberlite pipe, as well as a significant land position with numerous geological targets to be tested. Diagem will also have a 39.75% interest in KWG Resources ("KWG". KWG is a diamond exploration company with diamond properties held in joint venture in the James Bay Lowlands and Wawa in Northern Ontario, Canada. The joint venture (KWG interest 51.18%) has entered into an option agreement with De Beers Canada Exploration Inc., which contemplates a $5.5 million exploration program by De Beers in the James Bay Lowlands. KWG is currently conducting a $480,000 exploration program in Wawa and the James Bay Lowlands.

Diagem`s bulk testing program for diamond-bearing gravels is well underway, utilizing its first processing plant (10 cu.m. per hour). A second plant of 25 cu.m. per hour, which is currently ahead of its construction schedule, will process gravels from Property 213. In addition, a bulk-sampling program is about to commence on Property 1000 in order to prove up a resource of 500,000 cubic metres of diamond bearing gravel. The gravel will be processed using a third diamond processing plant located on the property with a capacity of 15 cubic meters an hour.

EAG will cease trading upon the amalgamation and EAG shareholders will receive a letter of transmittal providing them with instructions on how to exchange their current EAG shares into those of Diagem.

[Sozzi]

...das Geld scheint den Minengesellschaften hinterhergeschmissen zu werden...


June 19, 2002
Diagem arranges five-million-unit financing

Diagem International Resource Corp. (TSX Venture Exchange: DGM) is pleased to announce that, subject to regulatory approval, it is undertaking a Private Placement of up to 5,000,000 units of the Company at a price of $0.30 per unit. Each unit will consist of one common share of the Company and one share purchase warrant. Each warrant will entitle the holder to purchase one additional common share at a price of $0.35 for two years from closing. Funds raised in the private placement will be used to finance the Company`s mineral exploration and development activities and for general working capital purposes. The units will be offered for sale by Loewen, Ondaatje, McCutcheon Limited.
www.diagem.com

[Sozzi]

...und weiter geht´s mit dem Geldhinterhergeschmeisse...

DPM-Investment Miramar Mining wurden 30 Mio´s Dollar über eine Finanzierungsrunde zugesteckt

[Sozzi]

News zu Eldorado...

Friday, June 21, 2002
ELDORADO GOLD CORP
Eldorado Gold has increased its gold resource at Kisladag in Turkey to 7.3 million ounces and intersected high gold grades through initial drilling at its Brumal property in Brazil. An independent interim resource estimate incorporating the results from this year`s drill program was based on the previously developed geological model and includes data from the over 23,800 m of drilling and trenching to date. The revised resource estimate at Kisladag has been estimated at a 0.4 g/t cut-off as in previous estimates. Resources in the measured and indicated categories total 149 million tonnes grading 1.14 g/t Au for a total of 5.46 million ounces; with 61.9 million tonnes grading 0.92 g/t Au for 1.8 million contained ounces in the inferred category. Additional metallurgical testwork is ongoing, Environment Impact Assessment is underway and a 4,000 m infill drill program will be commencing before the end of the month to prepare for a full feasibility by the first quarter of 2003. Diamond drilling from surface continues on the Brumal property located 5 km from the company`s Sao Bento Mine. The drill program is designed to confirm and extend the previously identified mineralization within the banded iron formation. Significant intercepts of up to 32.22 g/t Au over 3.87 m and 22.82 g/t Au over 5.23 in holes SJ-01 and -05 respectively were reported.
Property: BRUMAL PROJECT and KISLADAG
www.eldoradogold.com

[Sozzi]

News zu DPM-Beteiligung Northgate Exploration

-Kapitalerhöhung in Höhe von 125 Mill Can$
-Ausgabe der neuen Anteile zu 2,05 C$(akt. Kurs 1,74 C$!)
-Schulden um 75% abgebaut, postiver Cash Flow


Tuesday, June 25, 2002
NORTHGATE EXPLORATION LTD
Northgate Exploration has closed a previously announced equity financing consisted of approximately 61.0 million units, at a price of CAD2.05 per unit, for gross proceeds of CAD125 million. . Northgate plans to use the proceeds generated by the financing to repay long-term debt, to reduce its existing gold hedging position and the balance for working capital and general corporate purposes. Northgate reports that it has reduced its long-term debt by over USD170 million to approximately USD45 million. Northgate is currently developing its Kemess North project and plans to expand its resource base beyond 10 million ounces of gold.

[Sozzi]

25 Mio´s Can$ für DPM-Beteiligung FNX-Mining


Wednesday, June 26, 2002
FNX MINING COMPANY INC
Dundee Securities, BMO Nesbitt Burns and Griffiths McBurney & Partners have agreed to purchase, on a bought-deal basis, five million common shares of FNX Mining at a price of CAD5.00 per share for gross proceeds of CAD25 million. Concurrently, the underwriters will offer for sale, on a best-efforts basis, one million flow through common shares at a price of CAD6.00 per share for gross proceeds of CAD6.0 million. FNX plans to use the net proceeds of this financing to advance its Sudbury JV properties and for general working capital. The company`s Sudbury JV properties contain an assemblage of remnants and extensions of previously mined deposits, five near-term production targets and twelve advanced exploration targets. FNX Mining (formally Fort Knox Gold) acquired these properties from nickel miner, Inco late last year and include the McCreedy West, Levack, Victoria, Kirkwood and Norman North all around the margin of the Sudbury basin. "This financing gives us the funds required to continue our aggressive exploration activities on our five Sudbury JV properties," said Terry MacGibbon, president and CEO. "We are currently acquiring all required permits and approvals to go underground at the McCreedy West-Levack properties to rehabilitate the McCreedy West ramp to the 1,600-foot level and to complete economic evaluations on our near-term production targets at McCreedy West and Levack."

[Sozzi]

DPM neueste Beteiligung International Pursuit Corporation (2 Millionen Shares lt. letztem Quartalsbericht) meldet News...


International Pursuit has agreed to acquire a 100% interest in the Glimmer mine in Ontario, owned by Glimmer (48%) and its JV partner Exall Resources (52%). The total purchase price for the Glimmer mine (and all related property and assets) consists of a nonrefundable deposit on signing of CAD100,000; CAD3,059,200 cash on closing; two million common shares of Apollo Gold Corp., a company being formed under a proposed plan of arrangement between International Pursuit and Nevoro Gold Corp.; and cash on resumption of production levels of 500 tonnes per day for a minimum of 30 consecutive days, of CAD3 million. The total purchase price will be divided among Glimmer and Exall in proportion to their respective interests in the Glimmer mine. The transaction is expected to close on or before July 31, 2002, subject to satisfaction of all closing conditions, including shareholder approval and compliance with the Bulk Sales Act (Ontario).

[Sozzi]

DPM hat im Vergleich zum Vormonat seine Beteiligung an Rio Narcea um ein Drittel erhöht, sonst keine Portfolioänderungen...

Top 10 Holdings at June 30, 2002

Gabriel Resources Ltd.
Miramar Mining Corporation
Cambior Inc.
International Pursuit Corporation
Buenaventura
FNX Mining Company
Eldorado Gold Corporation
Major Drilling Group
Rio Narcea Gold
Tahera Corporation

[Sozzi]

...und das dürfte der Grund sein...

Monday, July 08, 2002
RIO NARCEA GOLD MINES LTD
Rio Narcea Gold Mines has posted gold production of 61,674 ounces for the second quarter ended June 31, up 146 % from the first quarter. During the quarter, the El Valle plant processed 202,783 tonnes at an average grade of 9.86 g/t with a recovery of 96 %. Due to the higher grade, Rio Narcea expects operating cash cost to be below USD140 per ounce for the second quarter. For the six months of this year, Rio Narcea has produced 86,791 ounces of gold. Last month, Rio Narcea revised its yearly gold production forecast after achieving record gold production of 29,336 ounces for the month of May. Rio Narcea`s gold production for 2002 is expected to exceed 155,000 ounces at a cash cost of less than USD150 per ounce.

[Sozzi]

Néws zur DPM-Beteiligung Twin Mining...

TWIN MINING ANNOUNCES $4 MILLION FINANCING


Toronto, Ontario, (July 15, 2002) - Twin Mining Corporation (“Twin Mining” (TWG - TSX) today announced that Kingsdale Capital Partners Inc. has been appointed as its agent to offer, by way of private placement, up to 4,000,000 flow-through units and 4,000,000 common share units, in each case at a price of $0.50 per unit.

Each flow-through unit will consist of one common share and one-half common share purchase warrant. Each common share unit will consist of one common share and one common share purchase warrant. Each whole warrant entitles the holder to purchase one common share at a price of $1.00 for two years.

The closing date is expected to be on or about July 31, 2002.

The Company stated that the proceeds will be utilized primarily to advance exploration of its Jackson Inlet diamond property and the feasibility study on its Atlanta Gold Project.

Twin Mining, in addition to exploring the Jackson Inlet diamond project on Baffin Island and the TORNGAT diamond project on the east side of Ungava Bay in northern Québec, also holds a gold mining project in Idaho, United States of America.

www.twinmining.com

[Sozzi]

neue Beteiligung ---> Wolfden Resources


Dundee Precious Metals Acquires Shares Of Wolfden Resources Inc.
TORONTO, ONTARIO--In accordance with regulatory requirements, Dundee Precious Metals Inc. (DPM.A, DPM.WT.A - TSX) ("Dundee Precious") announced that it has acquired, in a private transaction, 1,825,000 common shares of Wolfden Resources Inc. ("Wolfden") which represents approximately 12% of the outstanding common shares of Wolfden.

Dundee Precious is managed by Dynamic Mutual Funds Ltd., a subsidiary of Dundee Wealth Management Inc. Assuming the conversion of all warrants, all subsidiaries, affiliates and associates of Dundee Wealth Management including Dynamic would exercise control or direction over approximately 4,418,313 common shares of Wolfden, which represents an approximate 28.6% interest in Wolfden.

http://biz.yahoo.com

[Sozzi]

...wiedermal eine Beteiligung an einem "Komplettförderer" - Palladium, Platinum, Kupfer, Nickel, Gold und Silber...

www.wolfdenresources.com

[Sozzi]

Beteiligung an Miramar Mining auf 11,8 % aufgestockt...


Dundee Precious Metals Acquires Additional Shares Of Miramar Mining Corporation
TORONTO, ONTARIO--In accordance with regulatory requirements, Dundee Precious Metals Inc. (DPM.A, DPM.WT.A - TSX) ("Dundee Precious" announced that it has acquired, in a private transaction, an additional 2,936,568 common shares of Miramar Mining Corporation ("Miramar".

Dundee Precious now holds approximately 13,216,113 common shares and 1,171,139 warrants to purchase common shares of Miramar. Assuming the conversion of the warrants, Dundee Precious holds an approximate 11.8% interest in Miramar.

http://biz.yahoo.com

[Sozzi]

News zur DPM-Beteiligung Eldorado Gold...; letzte Woche rauschte zwar alles in die Tiefe, aber wer ein bissl IQ besitzt (Gruß an Schwanzeinkneifeuro ) bleibt nach genauem Überlegen erstmal investiert...

Paul N. Wright, President and Chief Executive Officer of Eldorado Gold Corporation ("Eldorado", the "Company, or "we" (TSX: "ELD", is pleased to announce the Company`s Unaudited Second Quarter 2002 Financial Results.

Highlights

- Profitability continues: 2Q Net Income $1.9 M (Six months Net Income $2.3 M)
- Kisladag resource increases to 7.3 million ounces
- Balance Sheet continues to improve
- Hedging requirement eliminated


São Bento

Gold production in the second quarter increased to 27,702 ounces compared with 16,963 ounces in the 1st Quarter 2002. The increase reflected the completion of the repair of the mine`s #2 Autoclave in March and the elimination of energy restrictions effective March 1, 2002. Total cash costs for the quarter at $201/oz. contributed to a year to date cash cost of $190/oz. The Company forecasts production and cash costs for the year of 105,000 ounces and $185/oz. respectively.

Drilling continues from an underground platform on the 23rd Level designed to both upgrade and extend the mine`s resource base.

At the Brumal project, located 5 kilometers from the São Bento operation, drilling continues through the quarter with initial results previously disclosed (ELD 02-13).


Kisladag

In the quarter a 4,265 meter step out drilling programme was successfully completed, further defining the limits of the resource. Results from the programme were incorporated in an updated resource calculation by Micon International which estimated an increased total resource of 7.3 million ounces.

The Company, in accordance with its Development Plan, is now completing a 4,000 meter Reverse Circulation Drilling Programme designed to provide further infill drilling for the Kisladag Feasibility Study. Concurrent with this drilling, additional metallurgical testwork and the Environmental Impact Study are proceeding. Project development continues to be on schedule to complete full feasibility in the first quarter of 2003.


Financial Position

The Company in the second quarter initiated two transactions resulting in further strenghtening the balance sheet. Principal payments to $2.6 M in the quarter reduced the Company`s outstanding bank debt to $2.8 M. This reduction, to below $3.0 M, released the Company from the convenant requirement of the Corporate Debt Facility to retain a gold hedging facility. The Company is currently delivering into the remaining hedge book and the gold hedge position will be liquidated over the remainder of 2002.


On June 20, 2002 the Company agreed, by private contract, to purchase $2.0 M of 8.25% Convertible Debentures of the Company from Brant Investments Ltd. ("Brant" for a purchase price of 1,597,867 Common Shares of the Company. Such common shares will be issued from treasury to Brant and the purchased Debentures have been transferred to the Company and cancelled thereby reducing the outstanding balance of the Convertible Debentures from $9.1 M to $7.1 M.

Financial Results

The Company today reported its Second Quarter 2002 Unaudited Financial Results, with net earning for the quarter amounting to a profit of $1.9 M ($0.01 per share) and six months of $2.3 M ($0.02 per share) compared to a loss of $1.2 M ($0.01 per share) and a six month loss of $2.3 M ($0.02 per share) in 2001. Second quarter 2002 gold revenues were $9.3 M with six month gold revenues of $15.2 M compared to $8.8 M with six months of $18.1 M in 2001. Cash flow for the second quarter from operating activities was $1.0 M ($0.01 per share) with six months of $1.7 M ($0.01 per share) compared to $1.1 M ($0.01 per share) and six months of $4.5 M ($0.05 per share) in 2001. The Company realized a gold price of $304/oz. in the second quarter compared to $297/oz. in the second quarter of 2001 resulting in a contribution margin, the difference between gold revenues and total cash costs, of $103/oz. or $2.9 M. This compares to a contribution margin of $54/oz. or $1.4 M in the second quarter of 2001.


Eldorado has superior gold assets in Brazil and Turkey, two countries with enormous geological potential. In Brazil we are focusing on the continuing improvement at the São Bento mine, and on the potential of the Brumal property. In Turkey, we continue to expand our asset base, with a resource of approximately 8.3 million ounces in an increasingly attractive jurisdiction. With our international expertise in mining, finance and project development, together with highly skilled and dedicated staff, Eldorado is well positioned to grow in value as we create and pursue new opportunities.



www.eldoradogold.com

[Sozzi]

Top 10 Holdings at July 31, 2002

Gabriel Resources
Miramar Mining
Buenaventura
Cambior
Eldorado Gold
FNX Mining
Rio Narcea
East African Gold Mines
Major Drilling
Apollo Gold Corp

[Sozzi]

- DPM´s Beteiligung Apollo Gold ist aus einer Fusion von International Pursuit Co. (vorigen Monat 4.-grösste Position im Portfolio) und Nevoro Gold Co. entstanden...



hier ein Aktionärsbrief zur Fusion: (www.apollogold.com)

APOLLO GOLD CORPORATION (TSX: APG)
A Letter from the President, R. David Russell, to New and Potential Shareholders
Apollo Gold Corporation (TSX: APG) was developed through the amalgamation of the Nevoro Gold Corporation, a US company and International Pursuit Corporation (Pursuit) a listed company (TSX: IPJ). The founders of Nevoro Gold are R. David Russell, Don Robson and Dick Nanna. All are former executives of the Getchell Gold Corporation. These principals remain as key members of Apollo`s management.

The philosophy of the development of the Nevoro Gold Company, a private company, was to seek to build a gold company upon gold assets in the US and Canada. The principal thrust over a two year period (Years 2000 and 2001) was to find and acquire advanced stage exploration projects as well as solid operating assets. This fit well with the strong exploration, mine development and operating experience of the company founders. The criteria used for evaluation were to:

1) Find and acquire assets indicating future gold exploration potential, gold production with a positive cash flow, or assets which could be redeveloped into a positive cash flow situation with the right management changes and/or proper geology and engineering.

2) Find and acquire assets which may be undervalued and could be acquired with low to moderate cash upfront.

After two years of extensive research, two exploration projects were acquired in Nevada. Then in February, 2002 an option was completed to acquire 100 percent of the assets of Apollo Gold, Inc. This consisted of two large operating open pit gold mines as follows:

· The Florida Canyon Mine, in the heart of Nevada`s gold producing belt and one of the largest heap leach gold mines in North America.
· The Montana Tunnels Mine in Western Montana, which not only produces gold, but substantial byproducts of silver, zinc and lead.
We considered the assets to be acquired as a prime opportunity to enter into the ranks of being a profitable producing gold company at about 200,000 ounces of annual gold production.

The Montana Tunnels acquisition included the near by Diamond Hill Mine which has a recent history of profitable mining and is fully permitted. This mine was put on a "care and maintenance basis" in 1999 due to low gold prices. The possibility of reopening of the Diamond Hill mine is currently being evaluated. Similarly the Florida Canyon acquisition included the adjoining Standard exploration area where gold mineralization similar to that being mined at Florida Canyon has been partly drilled. Both the Diamond Hill and the Standard exploration properties are viewed as having the potential to produce gold in the near term.

Employing a similar strategy to exploit less well developed assets, we completed an option to purchase 100 percent of the Glimmer Gold Mine near Timmins, Ontario. When purchased we will begin an extensive drilling program to add reserves prior to a production decision.

Apollo`s primary thrust will continue to be gold and we are seeking other opportunities with the same criteria of selection as outlined above.

To fulfill the strategy of acquiring producing assets and furthering the exploration potential at the producing properties the proper capital structure had to be put into place. After Nevoro`s initial review of the capital markets and discussions with potential investors, the indication was that a public vehicle would be the preferred option of investors as compared to a private company investment. In reviewing the process in taking a private company public, Nevoro Gold chose the route of "A Plan of Arrangement" with International Pursuit. From start to finish the process took approximately four months to complete with the final amalgamated company Apollo Gold (TSX: APG) as the surviving new company. The Plan of Arrangement was completed on July 3, 2002 with the listing of Apollo Gold Corporation on the TSX.

The go forward philosophy for the new Apollo Gold Corporation will be to maximize shareholder value. This plan presents a great opportunity to develop this new gold company. The plan is reviewed in a five-fold strategy below:

1) The operating properties will be capitalized properly and fine tuned to produce at the lowest operating costs and the lowest total cash cost per ounce for each operating mine. It is important that we adequately fund capital programs that will secure the continuity of Apollo`s gold production base;

2) The potential advancement of the gold resources and reserves at the Florida Canyon and adjoining Standard mine properties and Montana Tunnels and Diamond Hill will be the top priority for the upcoming exploration projects. Attention to exploring at the operating mines is important to the objectives of (1) above;

3) In addition to the further exploration of the operating assets, exploration programs will be developed and initiated to flush out new gold potential at the "greenfield" exploration projects in Nevada. These properties are referred to as "Pirate Gold" and "Nugget Fields". These exploration properties are located north of the Florida Canyon property in a similar geological setting. We have within our management team a strong base of experience and good track record of finding gold in Nevada and we will capitalize upon those skills.

4) We will be continually reviewing possible property acquisitions which meet our investment and development criteria. The acquisition of the Glimmer Mine property, located in the "Timmins Gold Mining Camp," is an example of this. (Closing of the Glimmer Mine acquisition is dependent on various conditions to be met by the vendors. Again our expertise in the development and operation of substantive mines, both open pit and underground, will be a great advantage to advancing our growth as a gold company;

5) Investor education and market conditions and awareness of the current and future valuation of the Apollo Gold Corporation assets will be key to the company. The corporate officers and management will play a vital and active role in interfacing with investors and the markets. This will be accomplished through Investor Relations programs as well as the corporate officers themselves getting out into the market and informing the investors and analysts as to our progress in operating the mines now in production and the continuation of the company`s growth.

As President and CEO of the new Apollo Gold Corporation, it is my strong belief that success in a new developing gold company comes with the right positive leadership at the top and a strong experienced management team. Apollo Gold currently is poised to go forward with an experienced and seasoned team of directors newly appointed to the Board of Directors. The management team is in place and is experienced in mine operations, exploration, finance, investor relations and is poised to take the company forward to ultimately bring out the full value within the mining and exploration assets of the Apollo Gold Corporation.

For further information concerning the Apollo Gold Company or its mine operation or exploration properties, please review this web site. If you have further questions and / or require additional information please let us know - [e-mail] - or give us a call.

Copyright © 2002 Apollo Gold Corporation


- desweiteren wurde die Beteiligung East African Gold Mines aufgestockt...

[Sozzi]

Top 10 Holdings at August 31, 2002

Miramar Mining Corporation
Gabriel Resources
Cambior
Buenaventura
Eldorado Gold
FNX Mining
Rio Narcea
Placer Dome
East African Gold
Major Drilling


Änderungen im Vergleich zur Vormonats-Top10:

- Miramar Mining aufgestockt
- Placer Dome neu aufgenommen

[Sozzi]

einige kleinere DPM-Neuinvestment´s (alle über eine Million $):

Campell Resources
Eastmain Resources
Greystar Resources
Metallic Ventures
Opti Canada



= schon die zweite Ölgesellschaft in die DPM ivestiert...

[Sozzi]

Metallic Ventures Inc. is an Ontario incorporated gold company focused on major past-producing Nevada mining districts. The Company concentrates on deposits that can be exploited at low cost throughout the gold price cycle. Since 1998, MVI has evaluated over 400 mineral properties worldwide. The low gold price environment over the last four years has enabled MVI to acquire selected high quality projects at a low cost. This has resulted in the assembly of a portfolio of advanced gold projects with considerable near-term production potential.

The Company holds interests in three advanced projects: Esmeralda, Goldfields and Converse. The Esmeralda property (formerly known as Aurora) is located approximately 100 miles southeast of Reno, Nevada, and the Goldfields property is located approximately 270 miles southeast of Reno, Nevada. Converse is a joint venture between MVI (25%), Cameco (25%) and Newmont (50%). The Converse property is located in Humboldt County, Nevada on the northern end of the Battle Mountain - Eureka mineral trend adjacent to Newmont`s Lone Tree mine.

The Company has six other exploration projects: Red Rock and Mustang Canyon (Esmeralda County), Nevada, previously explored by Phelps Dodge; BCS (Nye County), Nevada adjacent to the Paradise Peak deposit; Bald Peak (Mineral County), Nevada, a high-grade gold vein prospect near Esmeralda; Gold Hill (Tooele County), Utah, Mogollon (Catron County), New Mexico, and Monica (Eureka County), Nevada covering potential down-dip extensions of gold mineralization exploited by Barrick`s Ruby Hill mine.

The Company is led by Jeff Ward (CEO) and Rich McNeely (President), both mining engineers with over 50 years of combined experience. Messrs. Ward and McNeely were the principals responsible for the successful development and eventual sale of Cobre Mining Company Inc. in the 1990`s. Cobre was the owner of the Continental copper mine in southwestern New Mexico, adjacent to Phelps Dodge`s Chino Mine.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

SOURCE: Metallic Ventures Inc.

[goldenGlobe]

Dundee DPM
zur Zeit steht in Berlin (noch) für 11 € im ASK!

[Sozzi]

Top 10 Holdings at September 30, 2002


Miramar Mining Corporation
Gabriel Resources
Eldorado Gold Corporation
Cambior
FNX Mining Company
Buenaventura
Rio Narcea
East African Gold Mines
Placer Dome
Major Drilling Group



...keine Portfolioänderungen gegenüber dem Vormonat, lediglich Positionstausch auf Grund der Wertschwankungen...

[Sozzi]

Top 10 Holdings October 31, 2002


Miramar Mining Corporation
Gabriel Resources
Eldorado Gold Corporation
FNX Mining Company
Cambior
Buenaventura
Rio Narcea Gold
East African Gold
Placer Dome
Major Drilling


...erneut keine Änderungen der Top10 Positionen...

[Sozzi]

As at November 11, 2002

Net Asset Value Per Unit $22.07

TSX Closing Price $15.90

Discount 27.96%


DPM ist doch keine Firma die sich nur vorbörslich an Minengesellschaften beteiligt, die TOP 10 sind alle schon notiert...im Portfolio sind übrigends einige Minengesellschaften deren IPO noch kommt...ein NAV über dem aktuellen Kurs und das wird´s bei einer Beteiligungsgesellschaft die vorwiegend in Gold, Silber etc. investiert nicht mehr lange geben...
...hier nochmal ein Link zur kompletten Portfoliostruktur http://www.dundeeprecious.com/Quarterlies/2ndqtr02.pdf...

[Sozzi]

Top 10 Holdings at November 30, 2002


Security Legal Name Description Shares Total (%)

FNX Mining Company Inc. Common Shares 2,425,000 10.9

Gabriel Resources Ltd. Common Shares 2,830,000
Restricted Common Shares 1,000,000 10.5

Miramar Mining Corporation Common Shares 13,216,113
Warrants 1,171,139 10.3

Eldorado Gold Corporation Special Warrants 9,203,473
Warrants 1,363,637 10.0

Cambior Inc. Common Shares 8,264,700 9.1

Buenaventura Ciap de Minas S.A. Sponsored ADR, Series "B" 332,530 7.9

Rio Narcea Gold MInes Ltd. Common Shares 2,000,000
Special Warrants 4,000,000 6.7

East African Gold Mines Common Shares 6,549,282 6.6

Placer Dome Inc. Common Shares 500,000 5.0

Apollo Gold Corporation Warrants 625,000
Restricted Common Shares 2,500,000 4.5

[Sozzi]

Diagem Anteil 10,230,617 shares



Wednesday, December 04, 2002
DIAGEM INTERNATIONAL RESOURCE CORP.
Diagem International has concluded an agreement to market the entirety of its alluvial diamond production from Brazil, through Natural Diamond Corporation of Antwerp, Belgium. The agreement contemplates shipment of up to 240,000 carats of diamonds, in the first year of the contract, and up to 480,000 carats in the second year of the contract. Natural Diamond Corporation NV is a privately owned diamond company and a major vendor of both rough and polished diamonds, with current sales volume of approximately USD150 million a year. A particular feature of the contract requires Natural Diamond to pay Diagem 75% of the estimated value of each diamond shipment upon receipt of the diamonds in Belgium.

[Sozzi]

Thursday, December 05, 2002
ELDORADO GOLD CORPORATION

Eldorado Gold has entered into a bought deal agreement with a syndicate of underwriters led by Yorkton Securities to purchase 20,000,000 units consisting of one common share and one-half of a common share purchase warrant of the company at a price of CAD1.60 per unit for gross proceeds of CAD32 million. Each whole common share purchase warrant will entitle its holders to acquire one common share of Eldorado at a price of CAD2.00 per common share for a period of 12 months following the closing date of this offering. Net proceeds are intended to be used to finance the development of the Kisladag Property and for general corporate purposes. The company`s shares closed at CAD1.65 on the TSX today.

[Sozzi]

Friday, December 06, 2002
TAHERA CORPORATION

Tahera has closed the previously announced private placement of 11.25 million flow-through common shares at a price of 16 cents per share for a total of CAD1.8 million. The proceeds from this financing will be used to fund additional exploration on the company`s diamond exploration projects in Nunavut and the Northwest Territories. Tahera has 316,591,359 common shares outstanding, and was trading today at 16.5 cents on the TSX.

[Sozzi]

Friday, December 06, 2002
EAST AFRICAN GOLD MINES LTD

Spectacular intersections at the Gokona prospect have prompted East African Gold Mines Ltd to defer moves for a public float and rethink early mining plans for its prospects on the North Mara project in Tanzania, reports Australia`s Paydirt.The company, managed by an experienced Australian team, is on the trail of a big high-grade deposit at Gokona. The intersections were eye openers and encouraged the company to continue an aggressive drilling programme through to early December to establish a resource to add to the project`s inventory, now standing at 2.4 million ounces with resources of 3.8 million oz.

[Sozzi]

[Sozzi]

Wednesday, December 11, 2002
MANHATTAN MINERALS CORP. (DPM Anteil 1,100,000 shares)

Residents of Peruvian town of Tambogrande remain opposed to Manhattan Minerals` planned gold and copper mine to be built in the area. Reuters reports mayor-elect Francisco Ojeda as saying, "We haven`t changed our minds. We`re going to fight on. The people are standing by their decision". Yesterday, Manhattan announced the long-awaited Environmental Impact Study on its somewhat contentious Tambogrande TG-1 project in Peru. Presented to the Peruvian Ministry of Mines, the three-year study sets, according to Manhattan, new standards for mining`s role in assuring local and regional socio-economic sustainability. "We are very pleased with the outcome of the EIS. A feasibility study conducted by AMEC on the property, released in September, envisages a undiscounted project cash flow of USD220 million; an internal rate of return of 21.6% over a 12 year mine life; and a project NPV of USD118.3 million using a discount rate of 5%; base case metals prices of USD320 gold, USD5.00 silver, USD0.90 copper, USD0.45 zinc. The company plans to begin mining the TG-1 gold/silver deposit at a rate of 7,500 tonnes per day for 3.5 years and then commission a copper/zinc flotation plant to operate at 10,000 tonnes per day using one grinding line, and then expanded in the fourth year to 20,000 tonnes per day, after converting the grinding capacity of the gold/silver plant. The TG-1 gold/silver deposit, hosts a 8.1 million tonne mineral reserve, grading 3.3 g/t Au and 59 g/t Ag. The TG-1 copper/zinc deposit, hosts a 57.8 million tonne mineral reserve, grading 1.5% Cu and 0.9% Zn. The initial capital cost of the gold/silver is forecasted to be USD180 million and the copper/zinc operation USD145 million.

[Sozzi]

December 11, 2002
WHEATON RIVER MINERALS (DPM Anteil 2,000,000 Shares)

Wheaton River Minerals Ltd. (Vancouver, BC) is pleased to announce that its common stock has been approved for trading on the American Stock Exchange. Trading is expected to commence on Wednesday, December 11, 2002 under the symbol WHT.
Wheaton River Minerals produces almost 200,000 ounces of gold equivalent (105,000 ounces of gold and 5.8 million ounces of silver) annually from its Luismin operations in Mexico at a cash cost of less than $190 per ounce. Wheaton expects production to increase by 30% over the next few years.
Ian Telfer, Chairman & CEO commented, “We are enthusiastic about listing on the AMEX, joining other industry leaders in the mining sector and increasing investor relations support in the United States.”

For further information regarding the American Stock Exchange, please visit http://www.amex.com

[Sozzi]

Wednesday, December 11, 2002
RIO NARCEA GOLD MINES, LTD. (Dundee Precious Metals Inc. Anteile betragen 4 Millionen Aktien)

Rio Narcea Gold Mines, has moved a step closer to making the USD64 million, Aguablanca Ni-Cu-PGM Mine located in southwestern Spain a reality. Rio Narcea has signed a to arrange and underwrite a project financing facility with Investec Bank (UK) Ltd. and Macquarie Bank Ltd. for the construction of the project. The proposed loan facility will consist of a six years senior amortizing loan facility of USD45 million; a subordinated convertible loan facility of USD5 million (conversion price at a 30% premium over the average of the daily closing prices of Rio Narcea shares for the months of November and December 2002); a stand-by senior cost over-run facility of USD5 million; and a nickel and copper hedging facility to cover the equivalent of 50% of nickel production during the term of the loan. In addition, Rio Narcea has executed and signed a credit facility of EUR6 million (approximately USD6 million) with Barclays Bank, S.A.E. to finance the VAT of the costs of the project construction. The Aguablanca Mine is projected to produce 20 million pounds of nickel, 15 million pounds of copper and 25,000 ounces of PGM in concentrate annually over an open pit mine life of 10.5 years. Rio Narcea plans to start commercial production in the first quarter of 2004.

[Sozzi]

WOLFDEN RESOURCES INC.(DPM 1,825 Mio Anteile)

Wolfden Resources has announced that preliminary assays have been received from drilling on the Nova-Co Property, located in the Red Lake gold camp. The first hole, RLK-02-01 tested the granodiorite rocks of the Dome Stock and several zones of mineralization were intersected while testing a weak geochem anomaly in the vicinity of a historic gold showing. Two significant gold-bearing zones were intersected; the first from 225.8 m (0.95 m) returning 8.64 g/t Au using standard fire assay, and 11.57 g/t Au using a pulp metallic assay, and from 233.2 m (0.6 m) 13.87 g/t Au using fire assay and 10.94 g/t Au using pulp metallics. Additional assay results from the first hole are pending. This hole is the first of a six hole drill program.

[Sozzi]

...aus einem anderen Thread...

"Du irrst in einem Punkt. Wir befinden uns nicht am NM 1997 sondern was die mögliche Entwicklung betrifft in der Phase ca. 1992-1995. Wer hat denn damals schon Yahoo gekauft?"

Hier ist sie ! (nicht die Yahoo, sondern die CMGI )

Dundee Precious Metals Inc.

[Sozzi]

Tuesday, December 17, 2002
WOLFDEN RESOURCES INC.

Wolfden Resources plans to offer a private placement of special warrants to raise proceeds of up to CAD2.0 million, with Canaccord Capital, Dundee Securities, Griffiths McBurney, Haywood Securities and Jennings Capital as agents. Wolfden will issue up to 2 million special warrants in two classes, one flow-through and one non flow-through. Each special warrant, both flow-through and one non flow-through will be issued at a price of CAD1.00 and will entitle the holder to acquire, a flow-through or non flow-through share of Wolfden. Company shares currently trade at CAD0.90, with 24.9 million shares currently issued and outstanding. Wolfden plans to use the proceeds of the flow-through portion of the financing to fund exploration at its High Lake polymetallic property in Nunavut. The non flow-through portion will be use for general working capital. In October, Wolfden reported that it continued to intersect high grade copper mineralization at depth and down plunge in the B zone on its High Lake polymetallic property. The final three deep holes drilled into the B zone intersected zones of mineralization over widths of 17.45 to 27.85 m. Wolfden plans to follow a recently completed regional airborne survey ear;y next year with ground geophysics and drilling.

[Sozzi]

Thursday, December 19, 2002
CUMBERLAND RESOURCES LTD. (500.000 DPM Anteile)

Cumberland Resources has commissioned AMEC to conduct a feasibility study for the Meadowbank gold project in Nunavut. The Meadowbank feasibility study will provide a detailed mine model with accurate capital and operating parameters which will serve as a basis for financing and construction of the project. A preliminary assessment completed in January 2002, indicated the project could support a production rate of approximately 250,000 ounces per year at an estimated cash cost of USD168 per ounce over an eight-year mine life, with 85% of gold production from open-pit mine designs. During 2002 approximately 16,000 m of exploration and infill diamond drilling in 150 holes were completed, and a new gold deposit was discovered. New resource estimates at Meadowbank are planned for completion in the first quarter of 2003.

[Sozzi]

Friday, December 20, 2002
RIO NARCEA GOLD MINES, LTD.

Rio Narcea has entered into an agreement with Outokumpu to acquire up to a 70% interest in the Lugo properties located in northern Spain according to a phased expenditures earn-in process comprising exploration expenditures, cash payments and completion of a feasibility study. The Lugo JV properties cover 387 square km and include the Carla Group property, which covers 82 square km and is located 90 km west of Rio Narcea`s El Valle gold mine. The Villalba occurrence is the principle target on the Carla Group property where Roman workings exploited an epithermal gold system hosted in a 200 m thick section of limestone and dolomite. agreement, Rio Narcea may earn an initial 50% interest in the project by incurring exploration expenditures of EUR1.5 million (USD1.5 million) over a period of up to two years.

[Sozzi]

...dat ging aber schnell , vgl. #92, + nochmal 8,750,000

Monday, December 23, 2002
ELDORADO GOLD CORPORATION

Eldorado Gold has closed a previously announced financing of 28,750,000 units at CAD1.60, for gross proceeds of CAD46.0 million, with Yorkton Securities, Sprott Securities, BMO Nesbitt Burns, TD Securities, National Bank Financial, Research Capital, and Haywood Securities as agents. Eldorado Gold plans to use the net proceeds of the financing to fund the development and construction of the Kisladag gold project in Turkey and for general corporate purposes. Last month, Eldorado Gold reported an updated independent resource estimate for the Kisladag gold project, which forms the basis for the reserve estimate of the feasibility study on the project. The measured and indicated resource stands at 166.4 million tonnes grading 1.13 g/t Au for 6,050,000 ounces contained at a cutoff of 0.4 g/t Au. The total resource was increased from a previously announced 7.3 million ounces in June to 7.9 million ounces. As of last month, the permitting activities and completion of the feasibility study were on schedule for March 2003.

[Sozzi]

Monday, December 23, 2002
METALLIC VENTURES INC. (400,000 DPM Anteile)

Metallic Ventures has closed its initial public offering of 8 million common shares at a price of CAD3.00 per share for total proceeds of CAD24 million, with Canaccord Capital, Haywood Securities, Griffiths McBurney and Partners and Westwind Partners as agents. Metallic Ventures plans to use the net proceeds of the financing to finance additional exploration and development work at the Esmeralda, Goldfield and Converse Properties, with the remainder being used for exploration at some of the company`s other properties, additional property acquisitions and working capital. The Esmeralda property (formerly known as Aurora) is located approximately 100 miles southeast of Reno, Nevada, and the Goldfield property is located approximately 270 miles southeast of Reno, Nevada. The Converse property is located in Humboldt County, Nevada on the northern end of the Battle Mountain - Eureka mineral trend adjacent to Newmont`s Lone Tree mine. Results from 15 drill holes on its 28 hole reverse circulation drilling program released from the Gemfield property, located at the Goldfield Project, include 0.118 ounces per ton Au over 290 feet, including 185 feet grading 0.175 ounces per ton Au (GEM-179).

[Sozzi]

Monday, December 23, 2002
CAMBIOR INC. (DPM hat ca. 8,25 Mio Anteile)

Cambior has announced that the National Assembly of Suriname ratified the amendment to the 1994 Mineral Agreement which sets forth the business terms for the development and operation of the Rosebel gold project. Last week, Cambior received the right of exploitation from the Council of Ministers of Suriname. The construction and development of the Rosebel gold project, estimated to cost $95 million, will begin once political risk insurance, which Cambior is pursuing with insurers has been obtained.

[Sozzi]

Haaallllooo, selbst zu Goldhaussezeiten interessiert sich keiner für DPM. Am Anfang des Thread´s wurde mal bemängelt, das DPM nicht in Deutschland gehandelt wird, ist inzwischen nicht mehr richtig. Auch das DPM ein Fond ist nicht richtig, DPM ist eine Beteiligungsgesellschaft. Investiert wird nicht nur in Gold und Silber, sondern auch in fast alle Rohstoffe incl. Öl-firmen !!! DPM ist also die CMGI der Rohstoffaktien . Es wird indirekt weltweit investiert, nicht nur Canada, sondern auch Europa (Spanien, Portugal, Rumänien), Afrika und Australien. Also für alle "Geschmäcker" was dabei. Naja, was soll´s bleibt der Thread eben mein persönliches DPM-Sammelwerk...

[Sozzi]

Monday, December 23, 2002
NORTHGATE EXPLORATION LIMITED (ca. 2,5 Mio shares hat DPM)

Northgate Exploration has closed a previously announced equity financing for total gross proceeds of CAD1.44 million. Northgate plans to use the proceeds of the financing to fund its 2003 exploration activities including the continued exploration of Northgate`s 65,000-acre property surrounding the Kemess South mine and grass roots exploration in the Toodoggone Region of British Columbia. The balance of Northgate`s exploration and development budget in 2003 will be directed towards feasibility study work on the Kemess North project. Last month, Northgate announced results from four drill holes totaling 1,650 m on the Brenda property northwest of the Kemess South Mine in British Columbia that discovered a gold-bearing porphyry system with alteration comparable to that of Kemess North. The results expanded the area of interest for copper-gold porphyry deposits in the general area. Northgate is advancing Kemess North to the prefeasibility stage based on final drill assay results from 2002 exploration.

[Sozzi]

Tuesday, December 24, 2002
APOLO GOLD INC (2,5 Mio Anteile)

Apollo Gold has completed a private placement of 6 million stock-warrant units at CAD2.40 for gross proceeds of CAD14.4 million. The offering size was increased to 6 million units from 5.5 million due to strong demand. Apollo plans to use the funds from the financing for general corporate purposes. The primary assets of Apollo are two United States based operating gold mines, the Florida Canyon and Montana Tunnels. Apollo also holds title to the Diamond Hill mine southeast of Helena in Montana and the Glimmer mine near Matheson in Ontario. Apollo reports that the Diamond Hill mine is currently on a standby basis and is fully permitted to allow resumption of production. The Glimmer mine is currently on a standby, care and maintenance basis, and is a former gold producer which suspended operations in May 2001, due to low gold price levels.

_____________________________________________________________________________________________________

Once it was junior gold explorers and miners rushing to jump onto the burgeoning dot-com and technology bandwagons. Australia`s Paydirt notes that the trend appears to have reversed with one company, which has changed its name from Focus Technologies Ltd to Apollo Gold Mining Ltd, has moved into the mining sector with Western Australian gold as its focus. Admitted to the Australian Stock Exchange in September 1999, the company`s shares were suspended from trading on the ASX in July 2001. Now, with a name change and a renewed confidence in the yellow metal, Apollo early last month was confident it would raise AUD5 million through an Initial Public Offering (IPO) by issuing 25 million 20¢ shares and be re-listed on the ASX by the close of 2002.

[Sozzi]

Tuesday, December 24, 2002
MIRAMAR MINING CORPORATION ( ca. 13 Mio Anteile)

Miramar Mining has completed a previously announced financing by way of private placement to Canadian investors, for gross proceeds of CAD3.45 million. Proceeds will be used to fund the deep drilling program for the Boston deposit at Hope Bay. Last month, Miramar released details of its exploration program for the Hope Bay project in Nunavut next year, comprising 34,000 m of core drilling and 4,500 m of reverse circulation drilling. The majority of this work will focus on the favourable 11 km long Deformation Zone trend in the Madrid area and related structures. Including approximately CAD1.3 million on permitting and feasibility work related to the Doris North development project, expenditures at Hope Bay are anticipated to total approximately CAD14.5 million in 2003.

[Sozzi]

Tuesday, December 24, 2002
CAMBIOR INC.

A joint venture exploration agreement between Chile`s state copper corporation Codelco and Canadian gold miner Cambior is due to be finalized in early-2003, a Cambior spokesperson has told BNamericas. "Our people are ready to go and we are waiting for the final signatories that we`re hoping to receive in first-quarter 2003," said the official, Robert LaValliere. Once signed, he said he expected Codelco, the world`s largest copper producer, to start drilling targeted areas immediately. The exploration agreement covers a large area in northern Peru on Quebec-based Cambior`s concessions in the La Granja area of Cajamarca department and Huamuchuco in Libertad department.

[Sozzi]

Tuesday, December 24, 2002
MANHATTAN MINERALS CORP. (1,1 Mio DPM Anteile)

Manhattan Minerals has announced that residents of Tambogrande in Peru have demonstrated in favour of the proposed mine`s development. On December 20, 11 days after the company delivered its EIS to the Ministry of Energy and Mines, residents of the District of Tambogrande marched in the urban town of Tambogrande to support the mine`s development. On December 14 a letter of support was delivered to the Government of Peru by the residents project. This letter of opinion was signed by 23 established citizen representatives of the town representing various civil and local organizations, including the Civil Defense Committee, Association of University Students, and Development Committee.

[Sozzi]

...die beiden Ölfirmen im Portfolio...

Case Resources Inc. -->www.caser.ca
Opti Canada --> www.opticanada.com

[Sozzi]

zu #101,

Tuesday, December 31, 2002
WOLFDEN RESOURCES INC.

Wolfden Resources has completed a previously announced private placement for gross proceeds of CAD2,750,000 through Canaccord Capital Corp, Dundee Securities Corp, Griffiths McBurney & Partners, Haywood Securities and Jennings Capital Inc. Wolfden plans to use the proceeds of the financing fund the exploration of the Wolfden`s High Lake polymetallic property in Nunavut and for general working capital. Canadian gold miner Goldcorp was the largest subscriber in the financing. In October, Wolfden reported that it continued to intersect high-grade copper mineralization at depth and down plunge in the B zone on its High Lake property. The final three deep holes drilled into the B zone intersected zones of mineralization over widths of 17.45 to 27.85 m. Wolfden plans to follow a recently completed regional airborne survey early next year with ground geophysics and drilling.

[Sozzi]

Thursday, January 02, 2003
GOLDCORP INC. and WOLFDEN RESOURCES INC.

Goldcorp’s significant investment in Wolfden Resources’ CAD2.75 million financing is the latest in a series of business decisions that have mining analysts and investors puzzled by the long-term vision of the company. Goldcorp has been breaking the mold of the closed industry since its early inception, and according to Rob McEwen, the company President and CEO, that’s not about to change soon.

[Sozzi]

...am Freitag neues Allzeithoch erreicht...

[Sozzi]

DPM hat seine Top10-Positionen im Dezember leicht verändert...Eldorado Gold und East African Gold Mines verringert bzw. Cambior aufgestockt...

[Sozzi]

Im 3. Quartal ging DPM neue Small-Cap-Beteiligungen ein, vornehmlich im Energiesektor (jeder weiss warum )...

Ranchgate Oil & Gas
Tecno Petrol
Tempest Energy
Revesco Group
American Bonanza Gold Mining

Desweiteren wurden zusätzlich zu den 2Mio Anteilen Wheaton River Gold Warrant-Optionen erworben, welche am Jahre 2007 ausgeübt werden können...

[Sozzi]

...mal ein Beispiel was für ein "goldenes" Näschen DPM hat...
...die Beteiligung an American Bonanza Gold Mining wurde wiegesagt während des 3. Quartal eingegangen...

[Sozzi]

hier ein Überblick über das komplette Beteiligungsportfolio von DPM zum Ende des 3.Quartals:

Kanada

Altius Minerals Corporation
American Bonanza Gold Mining Corporation
Anatolia Minerals
Apollo Gold Corporation
Argosy Minerals
Ariana Gold Corporation
Banro Resource Corporation
Cambior
Campell Res. Inc.
Case Resources Inc.
Cumberland Resources Ltd.
Diagem International Res.
Eastmain Resources Inc.
Eldorado Gold Corporation
European Goldfields Ltd.
FNX Mining Company
Gabriel Resources Ltd.
Golden Queen Mining
Greystar Resources
Kinross Gold Corporation
Manhattan Minerals Corporation
Major Drilling Group
Metallic Ventures
Metallica Resources
Miramar Mining Corporation
Northgate Exploration Ltd.
Opti Canada
Pacific Rim Corporation
Placer Dome
Quest Ventures
Ranchgate Oil & Gas
Rio Narcea
Tahera Corporation
TecnoPetrol
Tempest Energy
Titanium Corporation
Twin Mining Corporation
Verena Minerals Corporation
Wheaton River Minerals
Wolfden Resources

Australien

East African Gold Mines
Revesco Group Ltd.
Red Back Mining NL

Südamerika

Buenaventura

[talvi100]

#17 DPM drittgrösste Beteiligung Gabriel Resources vermutet Europa´s grösstes Goldvorkommen in Rumänien...

Kann in die Hose gehen oder viel Geld kosten.

Grüße Talvi

[Sozzi]

@talvi,
da der rumänische Staat (dessen Umweltbewusstsein ist auf niedrigem Niveau ) auch am Projekt RM beteiligt ist, 16 Jahre Förderdauer in Aussicht sind und das ganze noch zu Förderkosten 113 US$/Unze sehe ich das Risiko sehr eingeschränkt...

[Sozzi]

Tuesday, January 14, 2003
ARIANA GOLD CORP.

Ariana Gold has announced final results for the first phase combined infill and resource expansion drilling program on its Camp Caiman and Changement properties in French Guiana. Assay results from an additional 29 diamond drill holes totaling 2,870 m and 51 RC holes totaling 2,838 m were received mainly from infill drilling carried out in the Scout and 88 zones, as well as some follow up extension drilling to the west of the Scout zone and the northeast of the 88 zone. Some 18 diamond drillholes totaling 871 m were also completed on the Changement project to study the potential extension of the previously exploited ore zone. Previously unidentified ore lenses have been intersected within both ore zones. A detailed work program for 2003 at Camp Caiman is currently being finalized and start up is scheduled for mid-month. Additional metallurgical test work started in 2002 to investigate the possibility of improving recovery in the refractory sulphide ore will be completed early in 2003 as will environmental monitoring. Prefeasibility and mining concession application are planned to begin in April following the next phase of drilling.

[Sozzi]

so, Leutchen, hier die DPM-Positionen ohne Optionen zum Ende 3.Q., nicht schlecht die knapp die knapp 10 Mio Cambior Shares, oder ? ....ich weiss, ich weiss das DPM-Management lässt sich gut bezahlen


Anzahl Aktie cost value

Kanada

100,000 Altius Minerals Corporation 105 120
3,666,667 American Bonanza Gold Mining Corporation 550 477
500,000 Anatolia Minerals 281 491
2,500,000 Apollo Gold Corporation 3,168 5,125
479,040 Argosy Minerals 2,002 50
470,802 Ariana Gold Corporation 2,234 2,030
1,033,333 Atikwa Minerals Limited 140 289
180,529 Banro Resource Corporation 2,502 930
8,264,700 Cambior 6,426 11,735
1,600,000 Campell Res. Inc. 960 688
2,762,973 Case Resources Inc. 950 1,824
10,230,617 Diagem International Res. 1,362 1,740
2,500,000 Eastmain Resources Inc. 750 825
533,303 European Goldfields Ltd. 837 1,093
2,425,000 FNX Mining Company 970 12,124
3,830,300 Gabriel Resources Ltd. 5,923 15,703
5,306,200 Golden Queen Mining 3,695 2,520
800,000 Greystar Resources 1,000 896
625,690 Kinross Gold Corporation 3,872 1,621
1,100,000 Manhattan Minerals Corporation 990 374
2,400,000 Major Drilling Group 8,441 6,720
400,000 Metallic Ventures 1,519 1,560
700,000 Metallica Resources 1,260 840
13,216,113 Miramar Mining Corporation 21,169 15,726
2,698,413 Northgate Exploration Ltd. 4,838 3,481
130,000 Opti Canada 1,885 1,885
7,827,258 Pacific Rim Corporation 7,859 4,540
500,000 Placer Dome 6,757 6,825
3,000,000 Quest Ventures 3,000 3,380
2,000,000 Rio Narcea 3,120 2,960
11,942,916 Tahera Corporation 1,605 1,672
937,500 TecnoPetrol 150 427
100,000 Tempest Energy 400 395
1,200,000 Titanium Corporation 2,246 2,939
869,329 Twin Mining Corporation 468 304
1,222,033 Verena Minerals Corporation 896 92
2,000,000 Wheaton River Minerals 2,300 1,940
1,825,000 Wolfden Resources 2,573 1,369

Australien

6,549,282 East African Gold Mines 7,180 7,357
3,957,016 Revesco Group Ltd. 316 281
3,129,063 Red Back Mining NL 963 786

Südamerika

332,530 Buenaventura 1,891 11,543

[Sozzi]

DPM ist eine neue Beiteiligung eingegangen...

South Atlantic Ventures, Ltd., (formerly South Atlantic Resources) is a publicly traded company engaged in the exploration and evaluation of advanced mineral projects in Sweden and Finland. South Atlantic Resources owns 38% of North Atlantic Natural Resources AB (NAN), which trades on the Stockholm Stock Exchange. NAN exploration activities are underway, occurring in the Baltic Shield, which is comprised of Sweden, Norway, Finland and northwestern Russia.

www.dundeeprecious.com

[Sozzi]

Tuesday, January 15, 2003
WHEATON RIVER MINERALS

London (vwd) - Die Rio Tinto Ltd, Melbourne, will ihren Anteil von 25 Prozent an der argentinischen Minera Alumbrera Ltd sowie ihre Peak Gold Mine im australischen Bundesstaat New South Wales für 210 Mio USD an die Wheaton River Minerals, Vancouver, verkaufen. Eine entsprechende nicht bindende Absichtserklärung sei am Mittwoch von beiden Unternehmen unterzeichnet worden, teilte Rio Tinto mit. WRM habe die Option, die Zahlung von bis zu 70 Mio USD um bis zu 24 Monate hinauszuschieben. Die Transaktion hänge noch von einer endgültigen Vereinbarung sowie den Genehmigungen durch die zuständigen Behörden ab.

[Sozzi]

Thursday, January 16, 2003
RED BACK MINING NL (DPM besitzt mehr als 3 Mio Aktien)

Persistence is beginning to show signs of paying off for Aussie junior Red Back Mining. Mineweb reports that the company has achieved its milestone target of 1 million ounces of reserves at the Chirano gold project in Ghana. Mineweb notes that Red Back has been beavering away at Chirano for almost five years during which there were times the gold price and sentiment towards the gold market had seen far better days. But the worm has turned for the Aussie battler and now it is close to finalising a bankable feasibility study (BFS) into a proposed 130,000 ounces per annum development in a buoyant period for the gold sector.

[Sozzi]

FNX MINING

FNX Mining and Dynatec Corporation signed the Sudbury Basin Joint Venture Agreement to explore, develop and mine five mineral properties located in the Sudbury district of north eastern Ontario.
FNX Mining recently entered into an option agreement with Inco Limited to acquire a 100% interest in the mineral rights covering five properties, (McCreedy West, Levack, Victoria, Kirkwood and Norman). The Inco Agreement also grants FNX Mining, subject to certain conditions and approvals, access and use of the surface rights and onsite facilities as will be necessary to permit exploration, development and mining operations on the properties.
FNX Mining has assigned all of its rights, obligations and interest in the Inco Agreement to the Sudbury Basin Joint Venture. FNX Mining will conduct all surface and underground exploration activities on the properties. Dynatec will conduct all surface and underground mining operations and related activities on the properties. Under the terms of the Inco Agreement, Inco has the right to process all ores produced from the properties.
In order to exercise the option granted under the Inco Agreement and earn a 100% interest in the properties, the Sudbury Basin Joint Venture is required to incur exploration and development expenditures totaling Cdn$30 million on the properties over a 52-month period commencing January 10, 2002. FNX Mining and Dynatec have jointly committed to spend a minimum of Cdn$14 million (Cdn$7 million each) on the properties over the first 16-month period. All future expenditures, including the remaining Cdn$16 million required to be expended over a further 36-month period, will be funded pro rata according to each Party`s joint venture interest; with Dynatec contributing 25% or Cdn$4 million and FNX Mining contributing 75% or Cdn$12 million.
The initial work program, budgeted at Cdn$14 million, will commence immediately and be one of the most aggressive exploration programs conducted in Canada in a number of years. A minimum of 250,000 feet of surface drilling will be completed on the properties. Underground drilling on the McCreedy West and Levack Properties is planned for later in the year following rehabilitation of some of the existing underground workings. The initial work program will be directed toward an early evaluation of the near term production targets, confirmation and delineation of the advanced exploration targets and testing the exploration potential of the properties.
The properties are all former copper, nickel, platinum, palladium and gold producers and contain numerous remnants and extensions of previously mined deposits. In addition, FNX Mining believes that the properties host five near term production targets and 12 advanced exploration targets.
Some 100 mines have been established in Sudbury since the late 1800s and total reserves and production are estimated at approximately 1.6 billion tonnes of ore. Metal production to date from these deposits exceeds 8.5 million tonnes of nickel and 8.4 million tonnes of copper. By-products from this production include cobalt, platinum, palladium, gold, silver, osmium, iridium and ruthenium.
The Sudbury mineral deposits were formed some 1.8 billion years ago when a meteorite impact and associated activity produced nickel-copper-platinum group metal -gold (Ni-Cu-PGM - Au) orebodies that constitute the world`s largest known concentration of Ni-Cu sulphides.

[Sozzi]

Friday, January 17, 2003
FNX MINING COMPANY INC. (DPM besitzt Anteile im Wert von z.Zt. über 10 Millionen C$)

FNX Mining Company (formerly Fort Knox) and Dynatec Corporation are finding new riches in mines abandoned by nickel giant Inco in one of Canada’s largest and richest mining areas. FNX Mining Co and JV partner Dynatec Corporation have been exploring five properties abandoned by Inco in the Sudbury Basin with encouraging results. The McCreedy West, Levack, Norman, Victoria and Kirkwood properties were all mined by Inco in the past, however were abandoned when the economy of scale was no longer profitable for Inco and they moved on to larger projects.

[Sozzi]

Monday, January 20, 2003
RIO NARCEA GOLD MINES, LTD.

Rio Narcea Gold Mines has secured a long-term off-take agreement with Glencore International AG for the sale of nickel concentrate from its USD64 million Aguablanca Ni-Cu-PGM project located in southwestern Spain. Under the terms of the agreement, Glencore will purchase all of the annual production of concentrate from the Aguablanca project until year 2010. Rio Narcea hopes to start commercial production at Aguablanca in early 2004. The base case model initially prepared for the bankable feasibility study estimated open pit mineral reserves of 15.7 million tonnes, to a depth of 250 m, at a diluted mine grade of 0.66% nickel, 0.46% copper, and 0.47 g/t platinum group metals, using a nickel price of USD2.99/lb and a copper price USD0.73/lb. Capital costs are forecast at USD64.1 million, including working capital and VAT during construction. Based on the improved smelter terms in the agreement, the updated financial model forecasts average total cash operating cost of USD1.60/lb of nickel equivalent (net of by-product credits and smelter costs) for the life of the mine. Rio Narcea had forecasted a total cash operating cost for the life of the mine of USD1.82/lb of nickel equivalent (net of by-product credits and smelter costs).

[Sozzi]

APOLLO GOLD starts drilling at Black Fox


TORONTO - Apollo Gold Corporation has started drilling on Apollo Gold Corporation`s Black Fox Exploration Project.
The Black Fox Project is located near Timmins, Ontario close to the Company`s Glimmer Mine which, prior to its closure, produced approximately 250,000 ounces of gold. It was located on the highly prolific Destor Porcupine Fault, which also hosts the Holloway, Holt McDermott, Hoyle Pond and other mines. Apollo Gold purchased a 100% interest in the property encompassing the Black Fox Project in September 2002 as an advanced stage exploration project.
A company statement said the exploration plan is to test for mineral potential both along strike and down-dip of the Destor-Porcupine Fault. Given the generally good ground conditions and excellent geologic setting, management believes that new ore zones have the potential to be discovered, it said.
Phase 1 exploration in 2003 will consist of 25,000 to 30,000 meters of core drilling. The holes will be 100 to 500 meters in depth.
Posted:01/20/2003 09:00:00 AM | © Mineweb 1997-2003

[Sozzi]

Tuesday, January 21, 2003
WOLFDEN RESOURCES INC.


Wolfden Resources signed agreements with Teck Cominco, whereby Teck has the option to earn up to a 60% interest in the My-Ritt Property, a 61% interest in the St. Paul’s Bay Property, and a 75% interest in the Skinner Gold Property, all of which are located in the Red Lake Mining District, Ontario. Exploration on the properties is underway and drilling is expected during the winter drill season. Recently completed exploration, which included linecutting, ground magnetics, and soil geochem sampling, has prepared the My-Ritt Property for immediate drilling. Several significant gold in soil geochem anomalies have been identified, as well as a significant folded/faulted ultramafic trend as interpreted from the ground magnetic geophysical survey.

Teck Cominco Limited is a Canadian-based integrated natural resource company whose principal activities are mining, smelting and refining. The group mines zinc, copper, molybdenum, gold and metallurgical coal in the U.S.A., Canada, and Peru. The company`s production of refined metals includes zinc, lead, gold, and silver. In addition, the group produces specialized metal products, including indium, germanium and low-alpha powders of lead, tin and special alloys used in the high technology sector. Other products include cadmium, copper sulphate, copper arsenate, sulphur, sulphuric acid, sulphur dioxide and ammonium sulphate fertilizer.

[Sozzi]

Wednesday, January 22, 2003
RIO NARCEA GOLD MINES, LTD.

Rio Narcea Gold Mines has entered into an agreement with Haywood Securities Inc. on behalf of a syndicate of underwriters, including Griffiths McBurney & Partners, Dundee Securities and Salman Partners to offer 6 million special warrants at CAD2.25 per special warrant for aggregate proceeds of CAD13.5 million. The offering, subject to regulatory approval, is scheduled to close on or about February 6. Company shares currently trade at CAD2.35, with 71.7 million shares currently issued and outstanding. Rio Narcea plans to use the proceeds of the financing for the repayment of bank debt, to fund the equity portion of the construction of its USD64 million Aguablanca project located in southwestern Spain and for general working capital purposes. Earlier this week Rio Narcea secured a long-term off-take agreement with Glencore International AG for the sale of nickel concentrate from Aguablanca. Rio Narcea hopes to start commercial production at Aguablanca in early 2004.

[Sozzi]

...so, ein bissl Gepushe muss auch mal wieder sein, DPM liegt immer noch ca. 25% unter seinem inneren Wert, spätestens beim Einsetzen der Hysterie werden sich die 25% im NAV draufschlagen, denn eine Beteiligungsgesellschaft mit diesen Toprohstoffinvestment´s ist weltweit nicht zu finden...

PS: und 25% Abschlag für die Managmentvergütung ist doch bissl´übertrieben

[Sozzi]

Thursday January 23
ELDORADO GOLD CORPORATION (DPM hat knapp 10 Mio Anteile)

JOHANNESBURG -(Dow Jones)- Gold Fields Ltd. has sold 10.5 million Eldorado Gold Corp. shares, cutting its stake in Eldorado to 19.98 million shares, or about 9.8%.
In a news release, Gold Fields said it sold the shares through its Montagu B.V. subsidiary on the Toronto Stock Exchange.

[Sozzi]

Thursday, January 23, 2003
WHEATON RIVER MINERALS LTD.

Wheaton River Minerals proposes to offer a private placement for minimum proceeds of USD150 million, consisting of common shares and common share purchase warrants. Wheaton River plans to use the proceeds of the financing to pay for its purchase of Rio Tinto`s 25% interest in the Bajo de la Alumbrera gold-copper mine in Argentina and 100% interest in the Peak gold mine in Australia announced last week. Wheaton River will purchase the assets for USD210 million. Wheaton River reports that the mines are estimated to produce an average of 269,500 ounces of gold annually at a cash cost of USD74 per ounce. The Bajo de la Alumbrera gold-copper mine in Argentina is owned by MIM Holdings Limited (50%), Rio Tinto plc (25%) and BHP-Billiton (25%), with MIM Holdings as operator. As of June 30, 2002, Alumbrera had proven and probable mineral reserves of 7.1 million ounces of gold and 1.9 million tonnes of copper.

[Sozzi]

...DPM Alltimehigh und grösstes Handelsvolumen...

[Sozzi]

Monday, January 27, 2003
AMERICAN BONANZA GOLD MINING CORP.

American Bonanza has negotiated, a brokered private placement with Canaccord Capital totaling 15,909,090 units at 22 cents per unit for gross proceeds of CAD3.5 million. Each unit comprises one common share and one half of a non-transferable common share purchase warrant with each full warrant entitling the holder to acquire one common share of the company. Company shares currently trade at 27 cents, with 93.3 million shares currently issued and outstanding. The proceeds of the financing will be applied to general corporate working capital and be used for the further exploration and development of the Copperstone project in Arizona. Drilling, blasting and mucking operations have resumed on the project, with the objective of extending the decline to the bonanza grade mineralization of the D-Zone. American Bonanza hopes to establish underground infrastructure for subsequent exploration and development programs at the Copperstone project. American Bonanza plans to convert resources to reserves by drilling and sampling underground. American Bonanza reports that the estimated geological resources for the C and D zones exceed 1.2 million ounces of gold.

[Sozzi]

na da schau an, NAV endlich mal unter 20%...

Net Asset Value

As at January 27, 2003

Net Asset Value Per Unit $28.07

TSX Closing Price $22.50

Discount 19.84%

[Sozzi]

CAMBIOR INC.
01/28/2003 05:00:00 AM | © Mineweb 1997-2003

QUEBEC - Gold miner Cambior officially began phase one construction of its Rosebel open-pit gold mine in Suriname with an inauguration ceremony Saturday attended by the country`s president, Ronald Venetiaan.
But the company is still waiting to obtain political risk insurance and complete the documentation for a $65 million loan, expected to happen in the next couple of weeks, Cambior spokesperson Robert LaValliere told BNamericas.
Some $22 million of the loan, which has been negotiated with a group of financial institutions led by Scotia Capital, will be used to repay existing credits while the rest will go toward building Rosebel.
It is estimated that Rosebel will start commercial operations in 1Q04, producing 270,000 oz in its first year of life at mine operating costs of $157/oz. The mine is designed to produce an average 220,000 oz/y gold at operating costs of $187/oz over eight years.
Capex for Rosebel is estimated at $95 million with roughly half of the amount coming from the loan and the other half from the company`s cash flow. All permits for the project have been received from the Suriname government.

[Sozzi]

Tuesday, January 28, 2003
NORTHGATE EXPLORATION LIMITED

Northgate Exploration has forecast gold production of 294,000 ounces in 2003 from its Kemess South mine in B.C., up 4% from the record 282,000 ounces of gold produced during 2002. The cash cost of production in 2003, net of by-product credits, is forecast at USD196 per ounce, approximately $7 per ounce lower than 2002. Mill production during 2003 is forecast to average 50,275 tonnes per day with the mill operating at 90% availability as it has for each month during the second half of 2002. Northgate is proceeding to the prefeasibility stage at Kemess North early in 2003 and expects to complete a detailed feasibility study by the end of 2003. Northgate will invest between CAD1 and 2 million in exploration within the Kemess Camp during 2003.

[Sozzi]

Wednesday, January 29, 2003
ANATOLIA MINERALS

Anatolia Minerals Development has agreed to offer a brokered private placement, with Haywood Securities and Dundee Securities as agents, consisting of 3.6 million units for gross proceeds of USD3.24 million. Units will be offered at 24 cents, consisting of one common share and one common share purchase warrant, entitling the holder to purchase an additional common share at USD1.30 for a period of 15 months after initial closing. Company shares currently trade at CAD1.01, with 26 million shares currently issued and outstanding. Anatolia intends to apply the net proceeds from the financing to fund its ongoing mineral exploration and development program in Turkey and for general corporate purposes. Yesterday, Rio Tinto Mining & Exploration approved funding of just over USD2.5 million for joint venture activities in Turkey with Anatolia Minerals. Steps are reportedly being taken to recommence drilling at the Anatolia/Rio Tinto Çöpler prospect as soon as possible, planned for early February.

[Sozzi]

Thursday, January 30, 2003
METALLIC VENTURES INC.

Metallic Ventures has announced plans and the budget for underground development and exploration drilling on its Esmeralda Project in Mineral County in Nevada. At Prospectus, an underground decline is being driven toward the high-grade Prospectus vein while creating access and drill stations to further test the gold resource. This decline is also designed as a haulageway for the eventual production of the Prospectus vein system. A total of 1,800 feet of underground development is planned with a budget of USD720,000. At Martinez, a 1,000 foot underground decline has begun with a budget of USD400,000 to develop underground access and drill stations. Surface exploration will continue with reverse circulation drilling along the central and southwestern end of the Martinez vein and step out into previously untested areas. The total budget for the surface drilling program is USD300,000 and will test known veins with previous drilled gold intercepts beneath and adjacent to the Martinez open pit. The 2003 Prospectus and Martinez surface and underground drilling programs are specifically designed to increase the number of high-grade underground ounces that can be mined and processed in the existing mill facility.

[Sozzi]

Friday, January 31, 2003
AMERICAN BONANZA GOLD MINING CORP.

American Bonanza Gold Mining completed the previously announced brokered private placement totaling 18,295,454 units at a price of 22 cents per unit, for gross proceeds of CAD4.03 million, which includes the exercise of an over allotment option by its agent Canaccord Capital Corporation. The proceeds of this financing will be applied to general working capital and be used for the further development and exploration of the Copperstone project.

[Sozzi]

Tuesday, February 04, 2003
AMERICAN BONANZA GOLD MINING CORP.

Toronto-based gold miner Goldcorp has purchased 11,363,636 units of American Bonanza Gold Mining, as part of a brokered private placement at a price of 22 cents per unit for gross proceeds to American Bonanza of CAD4,025,000. Each unit consists of one common share and one half-share purchase warrant with each whole warrant providing the right to purchase an additional share of the company. Shares of American Bonanza currently trade at 37 cents on the TSX, with 93.3 million shares currently issued and outstanding. Upon closing, Goldcorp will own 10.14% of Bonanza Gold`s outstanding shares and 10.44% on a fully diluted basis. Bonanza Gold plans to use the proceeds of the financing to resume underground development and drilling of its Copperstone gold project in Arizona. Drilling, blasting and mucking operations have reportedly resumed on the project, with the objective of extending the decline to the bonanza grade mineralization of the D-Zone.

[Sozzi]

Wednesday, February 05, 2003
METALLICA RESOURCES INC.

Canadian minerals company Metallica Resources has reached an agreement with Reno-based Glamis Gold to buy the latter`s 50% stake in the Cerro San Pedro project in central Mexico. BNamericas reportts that the deal is expected to close on February 12, leaving Metallica with 100% of the gold-silver heap leach project. Metallica has agreed to pay Glamis USD18 million in various stages, including USD2 million upfront, if Cerro San Pedro is brought into commercial production. Glamis will also be paid a net smelter return royalty of up to 2%, variable on the price of gold.

[Sozzi]

Wednesday, February 05, 2003
RIO NARCEA GOLD MINES, LTD.

Rio Narcea Gold Mines has acquired an exploration licence in southern Portugal, prospective for nickel granted to the company by the Portuguese Mining Authorities. The new land position covers two large blocks including the 927 square km Campo Maior licence in the north and the 993 square km Beja permit in the south. Rio Narcea`s nickel properties now extend more than 250 km across southern Spain and Portugal and dominate the prospective Ossa Morena nickel trend. Rio Narcea is planning to spend USD3 million in an aggressive exploration program for nickel during 2003. A 2,000 square km airborne geophysical survey is now underway --the detailed magnetic/EM/radiometric survey is the first of its kind flown in the Beja area.

[Sozzi]

Thursday, February 06, 2003
NORTHGATE EXPLORATION

Northgate Exploration will purchase Royal Oak Ventures` minority 5% interest in the Kemess Mine in northern British Columbia for 7,186,000 common shares of Northgate. The purchase of Royal Oak`s minority interest in Kemess gives Northgate a 100% ownership in the 280,000 ounce per year Kemess South mine, the Kemess North project. Northgate purchased a 95% royalty interest in the mine from PricewaterhouseCoopers, the interim receiver of Royal Oak Mines in February 2000. Northgate common shares currently trade at CAD1.86 on the TSX, with 191.3 million shares currently issued and outstanding.

[Sozzi]

Thursday, February 06, 2003
RIO NARCEA GOLD MINES, LTD.

Rio Narcea Gold Mines has closed a previously announced private placement for gross proceeds of CAD27 million. Haywood Securities led a syndicate of underwriters including Griffiths McBurney & Partners, Dundee Securities and Salman Partners Inc. Rio Narcea plans to use the proceeds of the financing to repay bank debt to fund the equity portion of the construction of the Aguablanca project located in southwestern Spain and for general working capital purposes. Rio Narcea hopes to start commercial production at Aguablanca in early 2004 and has secured a long-term off-take agreement with Glencore International AG for the sale of nickel concentrate from Aguablanca.

[Sozzi]

Thursday, February 06, 2003
AMERICAN BONANZA GOLD MINING CORP

In addition to its status as a low cost gold producer, Goldcorp is evolving itself into an investor and partner in other exploration projects -- its latest spending spree resulting in a strategic partnership with Candente Resources Corp and 10% ownership in American Bonanza Gold Mining Corp. Mining analysts responded positively to Goldcorp’s latest move. The company has often been criticized for being too dependent on a single asset and lack of grassroots exploration or corporate acquisitions necessary to assure its long-term viability.

[Sozzi]

Monday, February 10, 2003
NORTHGATE EXPLORATION LIMITED

Northgate Exploration and Expatriate`s newly formed precious metals subsidiary, StrataGold Corporation, have entered into an option and joint venture agreement whereby Northgate can acquire an initial 51% interest in the Hyland gold property located in the Quartz Lake area in southeast Yukon. StrataGold`s 100% owned property covers a 40 km² area with the potential to host a Carlin-type, sediment hosted gold deposit. Previous drilling and trenching in the late 1980`s and early 1990`s outlined a resource of 3.2 million tonnes grading 1.1 g/t gold. As part of the initial option, Northgate will earn a 51% interest in the Hyland property by making exploration expenditures of $5 million over four years, including a firm commitment to spend a minimum $700,000 in 2003.

[Sozzi]

Top 10 Holdings at January 31, 2003


Miramar Mining Corporation
Eldorado Gold Corporation
FNX Mining Company Inc.
Gabriel Resources Ltd
Cambior
Buenaventura
Rio Narcea
Apollo Gold
East African Gold Mines
Major Drilling

[Sozzi]

...das Gejaule ist bei vielen Minenaktionären nun gross...und was macht DPM ? - verliert kaum...

10-Tages-Chart

[Sozzi]

Wednesday, February 12, 2003
CAMBIOR INC.

Cambior has posted a 2002 net loss of USD8.1 million, or 6 cents per share, on revenue of USD204.2 million, up from a loss of USD8.2 million on revenue of USD198.3 million in 2001. For the year, earnings before a negative non-hedge derivative adjustment and other items were USD9.2 million. 2001 annual results included USD5.4 million in mining asset write downs. For the fourth quarter 2002, Cambior posted net earnings of USD1.5 million, on revenue of USD53.4 million, down from earnings of USD12.1 million on revenue of USD52.4 million for the corresponding period in 2001. Earnings before non-hedge derivative adjustments and other items were USD4.0 million compared with USD5.9 million for the fourth quarter of 2001. For 2002, gold production totaled 568,800 ounces of gold at a cash cost of USD233 per ounce, down from 614,900 ounces at a cash cost of USD220 per ounce during 2001. The decrease in gold production was attributed to lower production at the Omai mine, as forecasted in the mining plan. For the fourth quarter, Cambior produced 133,000 ounces at a cash cost of USD250 per ounce, down from 160,700 at a cash cost of USD248 per ounce during the 2001-quarter. Increased unit costs for the quarter were attributed to deferred stripping charges and high fuel costs at Omai a well as lower grade and mill throughput at Doyon. Cambior realized a gold price of USD308 an ounce last year and USD320 an ounce in the fourth quarter. As of December 31, 2002, Cambior had total commitments of 1.3 million ounces at an average price of USD301 per ounce. Cambior expects to produce 522,000 ounces at a mine operating cost of USD227 per ounce this year. Cambior expects to reduce its hedge position to 800,000 ounces by the end of this year.




Wednesday, February 12, 2003
RIO NARCEA GOLD MINES, LTD.

Rio Narcea Gold Mines produced 177,225 ounces at a cash operating cost of approximately USD145 per ounce last year from its El Valle mine in northern Spain. Rio Narcea expects to produce 155,000 ounces of gold at a cash cost of USD125 per ounce this year and attributes last year`s positive results to higher-grade production from the Charnela zone of the El Valle pit and improved performance at the El Valle mill. The company also announced it will be increasing its exploration expenditures to approximately USD7.4 million in 2003, with USD4.4 million on gold projects with the primary focus on the underground development of the El Valle and Carlés Mines, and infill drilling at Corcoesto and USD3 million on its nickel exploration projects.

[Sozzi]

February 11, 2003
Dundee Precious Metals Inc. is pleased to announce that its wholly-owned subsidiary, Dundee Precious Acquisition Inc., has entered into a ninety day period of exclusivity with Navan Mining plc and Deutsche Bank AG of London with respect to the purchase of Navan`s Bulgarian assets.....http://www.dundeeprecious.com/News2003/bulgarian.pdf

[Sozzi]

(TORONTO, Feb 14 (Reuters) - Rio Narcea Gold Mines Ltd (Toronto:RNG.TO - News) said on Friday it reduced its gold forward sales program, or hedging, by 82,736 ounces so it can benefit more from a rise in the gold price.
It said it had closed out its $437 an ounce gold calls representing 82,736 ounces with proceeds from a recent equity placement.
Hedging is a strategy used to offset risk. In mining producers sell their as-yet unmined gold in forward markets at fixed prices to protect income.
With the closing, the company is left with $437 an ounce calls on 111,418 ounces from now to mid-2005 and a small forward sales contract of 13,647 ounces through 2006 at $301 an ounce.
Earlier in the week Rio Narcea said 2002 gold output from its gold operations in northern Spain rose to 177,225 ounces at a cash cost of $145 an ounce, up 42 percent from 124,363 an ounce in 2001.
It said the higher production was due to higher grade output from the Charnela zone of the El Valle mine, and better performance from the El Valle`s mill. The mill processed 753,4121 tonnes.
In 2003, Rio plans to produce an estimated 155,000 ounces of gold at a cash cost of $125 per ounce from its 100 percent-owned El Valle and Carles mines.
Lower mining costs in 2003 is due to lower waste handling costs at El Valle, the company said.
The company is conducting a feasibility study at its Corcoesto gold project, also in northern Spain. It is also developing the Aguablanca nickel-copper deposit in southern Spain. It is scheduled to be commissioned in the first quarter of 2004.

[Sozzi]

Thursday, February 27, 2003
WHEATON RIVER MINERALS LTD.

Toronto-listed Wheaton River Minerals has completed a CAD333.5 million private placement equity financing to fund its recent purchase of the Alumbrera and Peak gold and copper assets from mining group Rio Tinto Ltd, in a deal which is expected to close next month. Wheaton River issued and sold 230 million subscription receipts at a price of CAD1.45. BMO Nesbitt Burns and Griffiths McBurney & Partners acted as co-lead agents of a syndicate, which also included Canaccord Capital, CIBC World Markets, Yorkton Securities, Fahnestock Canada, and Sprott Securities. Last month, Wheaton announced its intention to purchase Rio Tinto`s 25% interest in the Bajo de la Alumbrera gold-copper mine in Argentina and 100% interest in the Peak gold mine in Australia announced last week for USD210 million. With the acquisition, Wheaton will have an estimated production this year of 458,500 gold equivalent ounces to become Canada`s eighth largest gold mining company.

[Sozzi]

Tuesday, March 04, 2003
WOLFDEN RESOURCES INC.

Wolfden has signed an agreement to acquire a 100% interest in the five patented mining claims known as the Marathon Red Lake property in Ontario which the company claims is "perhaps the most strategically located property in the Red Lake Camp". The property adjoins the Campbell Gold Mine (Placer Dome) and is located within two km of the Red Lake Gold Mine (Goldcorp) and is in a down-dip direction from and within hundreds of metres of the DC Zone, currently being developed at the Campbell Mine. For the acquisition, Wolfden is required to pay to Marathon Canada CAD60,000 cash. Marathon will retain a 2.0% NSR of which Wolfden can purchase one-half, namely a 1.0% NSR, for CAD1 million.

[Sozzi]

...keine TOP10-Änderungen, nur einige Optionen wurden ausgeübt...

Top 10 Holdings at February 28, 2003


Security Legal Name Description Shares Total (%)

Miramar Mining Corporation Common Shares 13,216,113
Warrants 1,171,139 12.5

Eldorado Gold Corporation Common Shares 9,567,110 11.4

FNX Mining Company Inc. Common Shares 2,425,000 9.4

Cambior Inc. Common Shares 7,264,700 7.4

Gabriel Resources Ltd Common Shares 3,830,300 7.0

Compañia de Minas Buenaventura SA Sponsored ADR, Series "B" 332,530 7.0

Rio Narcea Gold MInes Ltd. Common Shares 700,000
Special Warrants 4,000,000 6.7

Major Drilling International Common Shares 2,400,000 5.6

East African Gold Mines Common Shares 6,715,504 5.4

Apollo Gold Corporation Warrants 625,000
Restricted Common Shares 2,500,000 4.9

[Sozzi]

Wednesday, March 05, 2003
ANATOLIA MINERALS

Anatolia Minerals has announced an updated independent inferred resource for its Çöpler deposit in Turkey in JV with Rio Tinto. The update increases the inferred resource to 33 million tonnes at 2.1 g/t for 2.3 million contained ounces of gold (up 35% from 1.7 million ounces). Consequently, the overall inferred resource at Çöpler rises to 4.2 million ounces gold, up 600,000 ounces from the 3.6 million ounces announced in the April 2002 technical report. The 2.3 million ounce resource assumes a 0.5 g/t cutoff and yields an average 2.1g/t gold for the Main Zone. Using a 1.0 g/t cutoff reduces the inferred resource by only 100,000 ounces, to 2.2 million ounces, but increases the average grade for the Main Zone to 2.4 g/t gold resulting in an overall 4.1 million ounce inferred resource at an average 3.4 g/t gold. The Anatolia/Rio Tinto JV currently has three drills running at Çöpler to try to confirm and expand the shallow, oxide portion of the 4.2 million ounce inferred resource.

[Sozzi]

Monday, March 17, 2003
BUENAVENTURA (DPM besitzt Anteile in Höhe von ca. 8 Mio € )

Peru`s largest precious metals miner Buenaventura plans to spend USD5-USD10 million on grassroots exploration this year, the company`s exploration chief has told BNamericas. The budget does not include exploration at its existing operations such as Orcopampa and Antapite gold mines, Uchucchacua silver mine, or its 43.65% interest in Yanacocha gold mine, said the executive, Cesar Vidal. The company hopes to reach decisions on the feasibility of its most advanced La Zanja and Tantahuatay gold-silver properties in northern Peru`s Cajamarca department this year, but this will depend on progress in acquiring the surface rights for these projects, Vidal said.

[Insiderin007]

Bandulet hat in seinem letzten GM den Wert leider auf die Todesliste gesetzt... Nachdem er jahrelang das Loblied darüber gesungen hatte... Auf entsprechende Mail hat er mir bislang noch nicht für nötig erachtet zu antworten... hat es wohl nicht nötig...

[Sozzi]

"Bandulet hat in seinem letzten GM den Wert leider auf die Todesliste gesetzt... "


BUENAVENTURA oder DUNDEE PRECIOUS METALS ?

[Sozzi]

Friday, March 28, 2003
MIRAMAR MINING CORPORATION (DPM´s grösste Position)

Miramar Mining has earned CAD0.6 million or 1 cent a share for 2002, compared with a loss of CAD5.9 million for 2001. During the year, the Con and Giant mines produced and shipped 115,134 ounces of gold at cash costs of USD246 per ounce versus 129,607 ounces at cash costs of USD257 per ounce in 2001. Miramar reports that, while gold production fell in 2002, higher gold prices and lower operating expenses offset the decrease in production. The average gold price realized in 2002 was CAD461 (approximately USD300) per ounce.

[Sozzi]

Tuesday, April 01, 2003
ELDORADO GOLD CORPORATION

Eldorado Gold has announced positive results for a feasibility study done for its wholly-owned Kisladag Project in Turkey. The project has been planned as a conventional open pit, heap leach gold mine, constructed and operated in two successive phases. A mine production rate of 5 million tonnes per year of ore has been set for the first four years of the mine’s life. Annual ore production will increase to 7.5 Mtpy in year 5, and to 10 Mtpy the following year, remaining at that level until the end of mine life. Average annual gold production for Phase I is 143,000 ounces. The initial capital cost for Phase I is USD54.4 million. Unit operating costs are USD3.82/tonne and cash operating costs are USD152/oz Au. The IRR is 32.6% for a pay back period of 2.6 years. The Ministry of Environment is reviewing the Kisladag EIA and the company anticipates being in receipt of the Environmental Positive Certificate issued by the MOE by mid 2003.

[Sozzi]

Top 10 Holdings at March 31, 2003


Security Legal Name Description Shares Total (%)

Miramar Mining Corporation Common Shares 13,216,113
Warrants 1,171,139 11.3

Eldorado Gold Corporation Common Shares 7,856,709 9.3

FNX Mining Company Inc. Common Shares 2,425,000 9.2

Cambior Inc. Common Shares 7,264,700 8.1

Gabriel Resources Ltd Common Shares 3,830,300 7.1

Compañia de Minas Buenaventura SA Sponsored ADR, Series "B" 260,530 5.8

East African Gold Mines Common Shares 6,715,504 5.8

Apollo Gold Corporation Restricted Common Shares 2,500,000
warrants 625,000 5.8


Major Drilling International Common Shares 2,400,000 5.7

Rio Narcea Gold MInes Ltd. Common Shares 2,758,700 3.5

[Sozzi]

Monday, April 07, 2003
CAMBIOR INC.

Construction of Quebec-based miner Cambior`s USD95 million Rosebel gold project in Suriname is "on schedule and on budget," company spokesperson Robert LaValliere has told BNamericas. As of March 31, USD16 million had been expensed and USD20 million committed to the project with all the access and internal roads upgraded, and the concrete ready to be poured for the plant`s foundation, he said. Some 400 people are currently working at Rosebel where the most intensive construction period is due to last May through September when the big pieces of machinery, such as the mill, would be put in place, said LaValliere.

[Sozzi]

DPM ging neue Beteiligungen ein...

Canadian Royalities Inc.
GlobeStar Mining Corp.
Hedman Resources Ltd.
Nichromet Extractions Inc.
Pele Mountain Resources
Stratic Energy Corp.
Western Canadian Coal Corp.

...alles kleinere Beteiligungen im Anschaffungswert von 250.000-500.000 C$...

[Sozzi]

DPM GB 2002


Anzahl Aktie cost value

Kanada

100,000 Altius Minerals Corporation 105 175
50,000 ", Warrants 05/2004 0 25
3,666,667 American Bonanza Gold Mining Corporation 550 1,210
3,666,667 ", Warrants 10/2004 0 587
500,000 Anatolia Minerals 281 710
500,000 ", Warrants 02/2003 0 367
2,500,000 Apollo Gold Corporation 3,168 9,225
625,000 ", Warrants 03/2004 0 778
479,040 Argosy Minerals 2,002 56
3,327,945 Ariane Gold Corporation 2,234 2,097
1,033,333 Atikwa Minerals Limited, Special Warrants 140 289
63,329 Banro Resource Corporation 878 199
7,264,700 Cambior 5,649 14,893
1,600,000 Campell Res. Inc. 960 928
800,000 ", Warrants 05/2003 0 8
200,000 Canadian Royalities Inc. 455 350
2,762,973 Case Resources Inc. 950 2,044
500,000 Cumberland Resources 1,405 1,390
10,230,617 Diagem International Res. 1,362 2,455
3,875,000 ", Warrants 0 164
2,500,000 Eastmain Resources Inc. 750 925
1,250,000 ", Warrants 05/2003 0 63
8,203,473 Eldorado Gold Corporation 3,761 18,458
1.363,636 ", Warrants 02/2003 0 1,977
533,303 European Goldfields Ltd. 837 1,137
2,425,000 FNX Mining Company 970 17,218
3,830,300 Gabriel Resources Ltd. 5,923 17,045
1,000,000 GlobeStar Mining Corp. 500 950
1,000,000 ", Warrants 12/2003 0
5,306,200 Golden Queen Mining 3,695 4,776
800,000 Greystar Resources 1,000 1,432
2,000,000 ", Warrants 06/2003 0 116
1,562,500 Hedman Resources Ltd. 500 938
1,562,500 ", Warrants 06/2004 0 344
2,864,000 Manhattan Minerals Corporation 990 2,364
550,000 ", Warrants 09/2003 0 6
900 ", Units 900 1,356
2,400,000 Major Drilling Group 8,441 9,624
850,000 Metallic Ventures 1,669 2,550
700,000 Metallica Resources 1,260 1,015
350,000 ", Warrants 04/2003 0 4
13,216,113 Miramar Mining Corporation 21,169 24,053
1,171,139 ", Warrants ohne LZ 0 46
12,500 Nichromet Extractions Inc. 175 175
2,698,413 Northgate Exploration Ltd. 4,838 5,262
99,207 ", Warrants 12/2006 0 63
833,333 ", Warrants ohne LZ 538 500
130,000 Opti Canada 1,885 1,885
7,827,258 Pacific Rim Corporation 7,859 5,009
1,250,000 Pele Mountain Resources Inc. 250 413
625,000 ", Warrants 06/2004 0 31
500,000 Placer Dome 6,757 8,630
3,000,000 Quest Ventures 3,000 3,544
368,421 Ranchgate Oil & Gas, Warrants 350 431
700,000 Rio Narcea 1,092 1,575
4,000,000 ", Warrants 03/2003 3,200 9,900
600,000 South Atlantic Ventures Ltd. 1,200 1,185
300,000 ", Warrants 12/2004 0 15
1,704,546 Stratic Energy Corp. 375 937
12,609,228 Tahera Corporation 1,718 2,837
3,800,000 ", Warrants 08/2004 0 285
2,817,000 ", Warrants 08/2004 Convertible 2,817 5,070
937,500 TecnoPetrol 150 731
468,750 ", Warrants 04/2004 0 253
100,000 Tempest Energy 400 520
1,400,000 Titanium Corporation 2,492 2,870
600,000 ", Escrow 738 1,045
869,329 Twin Mining Corporation 468 339
1,222,033 Verena Minerals Corporation 896 171
1,000,000 Western Canadian Coal Corp. 549 530
500,000 ", Warrants 11/2004 1 25
978,500 ", Warrants 05/2007 0 411
1,825,000 Wolfden Resources 2,573 2,883

Australien

6,715,504 East African Gold Mines 7,701 9,852
3,957,016 Revesco Group Ltd. 316 390
3,957,016 ", Warrants 11/2011 117 174
3,129,063 Red Back Mining NL 963 1,219

Südamerika

332,530 Buenaventura 1,891 14,049

[Sozzi]

Top 10 Holdings at April 30, 2003


Security Legal Name Description Shares Total (%)

Miramar Mining Corporation Common Shares 13,216,113
Purchase Warrants 1,197,250 13.0

East African Gold Mines Common Shares 6,715,504 9.3

FNX Mining Company Inc. Common Shares 2,425,000 8.9

Cambior Inc. Common Shares 7,264,700 8.5

Eldorado Gold Corporation Common Shares 6,567,109 8.2

Gabriel Resources Ltd. Common Shares 3,830,300 5.9

Major Drilling Group International Common Shares 2,400,000 5.5

Apollo Gold Corporation Common Shares 2,500,000
Purchase Warrants 625,000 4.7

Compañia de Minas Buenaventura SA Sponsored ADR Series "B" 182,530 4.2

Rio Narcea Gold MInes Ltd. Common Shares 2,700,000 3.8

[Sozzi]

20 Can $-Marke wieder erreicht

[Sozzi]

Miramar (NA, MKP 228 Mio. A$) meldet für das Geschäftsjahr 2002 eine Goldproduktion von 115.134 oz. Für das Geschäftsjahr 2003 erwartet Miramar einen Rückgang der Goldproduktion auf 105.000 bis 110.000 oz. Bei Nettoproduktionskosten von 246 $/oz und einem Verkaufspreis von 293 $/oz erreichte die Bruttogewinnspanne 47 $/oz. Der operative Gewinn lag bei marginalen 0,7 Mio. A$. Auf der Basis der letzten verfügbaren Zahlen beträgt die Lebensdauer der Reserven 3,3 Jahre und die Lebensdauer der Ressourcen 47,2 Jahre. Der Schwerpunkt der Aktivitäten der Miramar liegt auf der Entwicklung des Hope Bay Projektes. Miramar konnte ihren Anteil am Hope Bay Projekt, in dem eine Ressource von 4,3 Mio. oz Gold nachgewiesen werden konnte von 50 auf 100 % aufstocken. Die Lieferverpflichtungen aus Vorwärtsverkäufen konnten von 139.000 oz auf 117.000 oz reduziert werden, was einen Produktionszeitraum von 1,1 Jahren abdeckt. Die unrealisierten Verluste aus den Vorwärtsverkäufen betragen etwa 3,0 Mio. A$. Zuletzt meldet Miramar am 30.06.02 einen Cashbestand von 46,6 Mio. A$ bei einer gesamten Kreditbelastung von 50,8 Mio. A$.
Beurteilung: Neben der laufenden Produktion von jährlich etwa 110.000 oz zielt eine Spekulation in Miramar vor allem auf die erfolgreiche Erschließung des Hope Bay Projektes ab. Den Aussichten aus diesem Projekt steht allerdings ein Management gegenüber, das in den letzten Jahren nur enttäuschende Ergebnisse abgeliefert hat. Positiv ist die relativ geringe Kreditbelastung. Sollte es Miramar gelingen, das Hope Bay Projekt mit einer jährlichen Produktion von 400.000 oz umzusetzen, hätte die Gesellschaft ein Aktienkurspotential von etwa 200 %.
www.goldseiten.de

[Sozzi]

Cambior (NA, MKP 304 Mio. A$) meldet für das Dezemberquartal einen Rückgang der Goldproduktion um 11,2 % auf 133.000 oz, was einer Jahresrate von etwa 530.000 oz entspricht. Für 2003 strebt Cambior eine Goldproduktion von 522.000 oz bei Nettoproduktionskosten von 227 $/oz an. Im Dezemberquartal lagen die Nettoproduktionskosten bei 240 $/oz, so daß die Bruttogewinnspanne bei einem Verkaufspreis von 320 $/oz von 99 auf 80 $/oz zurückfiel. Der operative Gewinn erreichte 2,5 Mio. A$, was einem aktuellen KGV von 29,4 entspricht. Auf der Basis einer jährlichen Produktion von 522.000 oz beträgt die Lebensdauer der Reserven 8,1 Jahre und die Lebensdauer der Ressourcen 15,5 Jahre. Im Rosebel Projekt in Surinam wurde mit der Erstellung der Anlagen begonnen. Aus einer Goldreserve von 1,9 Mio. oz ist ab 2004 eine jährliche Produktion von 220.000 oz über einen Zeitraum von 8 Jahren vorgesehen, wobei die Nettoproduktionskosten bei 187 $/oz liegen sollen. Die Vorwärtsverkäufe blieben unverändert bei 1,3 Mio. oz, was einen Produktionszeitraum von 2,5 Jahren abdeckt. Die unrealisierten Verluste aus den Vorwärtsverkäufen und der Währungsabsicherung stiegen von 71,7 auf 104,2 Mio. A$ an. Am 31.12.02 erreichte der Cashbestand 70,0 Mio. A$ (67,7 Mio. A$) bei einer gesamten Kreditbelastung von 191,1 Mio. A$ (213,2 Mio. A$).
Beurteilung: Trotz der gestiegenen Nettoproduktionskosten konnte sich Cambior in der fundamentalen Beurteilung weiter verbessern. Positiv ist die Ausweitung der Reserven und Ressourcen sowie der Abbau der Kreditbelastung. Mit dem Produktionsbeginn im Rosebel Projekt sollte sich die Goldproduktion der Cambior auf jährlich über 700.000 oz steigern. Wir sehen bei einer anhaltenden positiven Entwicklung ein Aktienkurspotential von etwa 200 % und stufen Cambior als Kaufmöglichkeit für ein spekulatives Depot ein.
Empfehlung: Halten, unter 1,20 $ kaufen, aktueller Kurs 1,21 $, Kursziel 4,00 $.
www.goldseiten.de

[Sozzi]

Top Ten Holdings DPM at May 30, 2003

Miramar Mining Corporation
FNX Mining Company Inc.
East African Gold Mines
Eldorado Gold Corporation
Cambior
Gabriel Resources
Major Drilling Group
Apollo Gold Corporation
Buenaventura
Rio Narcea Gold Mines

[Sozzi]

Rio Narcea (NA, MKP 237 Mio. A$) meldet für das Geschäftsjahr 2002 einen Anstieg der Goldproduktion um 42 % auf 177.225 oz aus der spanischen El Valle Mine. Bei Nettoproduktionskosten von 143 $/oz und einem Verkaufspreis von 307 $/oz stieg die Bruttogewinnspanne auf 164 $/oz an. Der operative Gewinn stieg auf 15,9 Mio A$, was einem aktuellen KGV von 14,9 entspricht. Für 2003 ist eine Goldproduktion von 155.000 oz bei Nettoproduktionskosten von 125 $/oz vorgesehen. Rio Narcea macht keine Angaben über die Reservenund Ressourcensituation. Neben der El Valle Mine entwickelt Rio Narcea das Corcoesto Projekt und exploriert das Aguablanca Nickelprojekt. Im Aguablanca Nickelprojekt wird eine jährliche Produktion von 8.000 t Nickel, 5.000 t Kupfer und 20.000 oz Platingruppenmetalle angestrebt. Die Vorwärtsverkäufe liegen bei 125.000 oz, was einen Produktionszeitraum von 0,8 Jahren abdeckt. Einem Cashbestand von 12,6 Mio. A$ stand am 31.12.02 eine gesamte Kreditbelastung von 54,3 Mio. A$ gegenüber.
www.goldseiten.de

[Sozzi]

Monday, June 09, 2003
EAST AFRICAN GOLD MINES LTD

Australian offshore gold producer, East African Gold Mines Ltd, expects to start mining at Nyabigena and removing overburden from its Gokona deposits in Tanzania during the June quarter. Australia`s Paydirt reports Adelaide-based East African Gold, which began gold production from its North Mara mine last August, as saying that the nearby Nyabigena and Gokona deposits are well advanced with land acquisition and environmental work in the final stages.

[Sozzi]

Quartalsbericht 01/2003

Anzahl Aktie cost value

Kanada

100,000 Altius Minerals Corporation 105 160
50,000 ", Warrants 05/2004 0 18
3,666,667 American Bonanza Gold Mining Corporation 550 880
3,666,667 ", Warrants 10/2004 0 257
1,000,000 Anatolia Minerals 281 1,090
2,500,000 Apollo Gold Corporation 3,168 7,350
625,000 ", Warrants 03/2004 0 404
479,040 Argosy Minerals 2,002 82
3,327,945 Ariane Gold Corporation 2,234 2,263
1,033,333 Atikwa Minerals Limited, Special Warrants 140 289
935,700 Bolivar Gold Corp. 150 609
2,000,000 ", Warrants 1,500 1,300
7,264,700 Cambior 5,649 13,948
1,600,000 Campell Res. Inc. 960 624
800,000 ", Warrants 05/2003 0 8
200,000 Canadian Royalities Inc. 455 396
2,762,973 Case Resources Inc. 950 2,017
500,000 Cumberland Resources 1,405 1,275
13,355,617 Diagem International Res. 2,111 2,938
750,000 ", Warrants 0 8
2,500,000 Eastmain Resources Inc. 750 913
1,250,000 ", Warrants 05/2003 0 63
6,567,109 Eldorado Gold Corporation 3,331 13,463
533,303 European Goldfields Ltd. 837 746
2,425,000 FNX Mining Company 970 14,671
3,830,300 Gabriel Resources Ltd. 5,923 9,652
1,000,000 GlobeStar Mining Corp. 500 750
1,000,000 ", Warrants 12/2003 0 100
5,306,200 Golden Queen Mining 3,695 2,971
800,000 Greystar Resources 1,000 896
2,000,000 ", Warrants 06/2003 0 20
1,562,500 Hedman Resources Ltd. 500 719
1,562,500 ", Warrants 06/2004 0 125
1,335,000 Manhattan Minerals Corporation 1,110 961
1,529,000 ", Restriced 0 321
500,000 ", Warrants 09/2003 0 6
900 ", Units 900 1,180
2,400,000 Major Drilling Group 8,441 9,120
850,000 Metallic Ventures 1,669 2,703
700,000 Metallica Resources 1,260 1,015
13,216,113 Miramar Mining Corporation 21,169 21,410
1,171,139 ", Warrants ohne LZ 0 10
12,500 Nichromet Extractions Inc. 175 175
2,698,413 Northgate Exploration Ltd. 4,838 4,237
99,207 ", Warrants 12/2006 0 47
833,333 ", Warrants Special 538 379
130,000 Opti Canada 1,885 1,885
7,827,258 Pacific Rim Corporation 7,859 3,170
1,250,000 Pele Mountain Resources Inc. 250 350
625,000 ", Warrants 06/2004 0 31
400,000 Quest Ventures, PSL10/2003 594 611
368,421 Ranchgate Oil & Gas, Warrants 350 339
2,700,000 Rio Narcea 2,272 6,237
600,000 South Atlantic Ventures Ltd. 1,200 900
300,000 ", Warrants 12/2004 0 3
1,704,546 Stratic Energy Corp., Apecial Warrants 375 563
17,609,228 Tahera Corporation 2,321 2,641
3,800,000 ", Warrants 08/2004 0 190
2,817,000 ", Warrants 08/2004 Convertible 2,817 3,380
468,750 TecnoPetrol Inc., Warrants 04/2004 0 192
100,000 Tempest Energy 400 475
1,400,000 Titanium Corporation 2,492 3,598
600,000 ", Escrow 738 1,311
869,329 Twin Mining Corporation 468 217
1,222,033 Verena Minerals Corporation 896 79
1,000,000 Western Canadian Coal Corp. 549 490
500,000 ", Warrants 11/2004 1 25
1,825,000 Wolfden Resources 2,573 3,176

Australien

6,715,504 East African Gold Mines 7,701 15,408
3,957,016 Revesco Group Ltd. 316 284
3,957,016 ", Warrants 11/2011 117 151
3,129,063 Red Back Mining NL 963 969

Südamerika

182,530 Buenaventura 1,037 6,962

Sonstige Investments

1 Bulgarienprojekt 3,373 3,373

[hpoth]

Bandulet hatte schon im Oktober 02 zur Vorsicht gemahnt,de Grund liegt in das ebenso große Hedge-Buch. Die Mine selbst ist nach wie vor super, aber BVN sollte endlich Klaarheit schaffen, so seine Aussage. gruß hpoth

[Sozzi]

@hpoth,

DPM hat seine Position Buenaventura nicht umsonst in diesem Quartel um fast 50% abgebaut...(vgl. #169 mit #177)

[Sozzi]

News DPM 30-06-2003

http://www.dundeeprecious.com/News2003/DPM2ndBulgaria06_30_0…

[Sozzi]

Top Ten Holdings at June 30, 2003



Security Legal Name Description Shares Total(%)

East African Gold Mines Common Shares 6,845,579 14.5

Miramar Mining Corporation Common Shares 13,216,113
Purchase Warrants 197,250 12.7

FNX Mining Company Inc. Common Shares 2,425,000 8.8

Eldorado Gold Corporation Common Shares 6,567,109 8.8

Cambior Inc. Common Shares 7,264,700 7.5

Gabriel Resources Ltd. Common Shares 3,830,300 5.3

Major Drilling Group International Common Shares 2,400,000 6.9

Compañia de Minas Buenaventura SA Sponsored ADR, Series "B" 182,530 4.2

Apollo Gold Corporation Common Shares 2,500,000 4.2
Purchase Warrants 625,000

Rio Narcea Gold Mines Ltd. Common Shares 2,700.000 3.6

[Sozzi]

East African Gold Mines Limited (EAGM) is an Australian incorporated company. EAGM is invested in gold exploration and mining in East Africa through the 100% owned Afrika Mashariki Gold Mines Limited (AMGM).
AMGM is exploring, developing and mining the North Mara Gold Project, located 100km east of Lake Victoria in northern Tanzania.
Major shareholders in EAGM include: Dundee Precious Metals Inc. (Canada), Macquarie Bank (Australia), CDC Capital Partners (UK), Anglogold (South Africa) and Lion Selection Group (Australia).

[Sozzi]

Tuesday, July 08, 2003
EAST AFRICAN GOLD MINES LTD.

Vancouver-based international gold miner Placer Dome has made an offer for African Gold Mines Limited, an Australian unlisted public company, to purchase approximately 98% of the company`s outstanding shares for USD3.015 per share in cash, for a total of approximately USD255 million. East African Gold Mines, through a wholly owned subsidiary, owns 100% of the North Mara open pit gold mine in northern Tanzania that was commissioned in September 2002. The project consists of an open pit mining operation, Nyabirama, feeding an adjacent two million tonne per year processing plant. The project also includes the nearby Nyabigena deposit, where mining has recently commenced, and the Gokona deposit. Based on current reserves, East African Gold Mines has forecast production to be approximately 220,000 ounces per year at cash costs of USD200 per ounce and total costs of USD252 per ounce. Reserves at December 31, 2002 estimated by East African Gold Mines total 2.94 million ounces, consisting of 24.6 million tonnes grading 3.7 g/t. Measured and indicated resources, including reserves, were 4.25 million ounces, consisting of 43.9 million tonnes grading 3.0 g/t.

[Sozzi]

Also Leute, Ihr könnt sagen was Ihr wollt, wenn das mal nicht den "CMGI-Charakter" von DPM unterstreicht...

...und im Portfolio schlummern noch mehrere ungelistete Perlen...

[Sozzi]

...knapp 7 Millionen EAGM-Aktien zu gut 3$ sind mehr als 20 Mio´s in der DPM-Kasse...

[Sozzi]

...ne, knapp unter 20 Mio $, aber ca. 300% Rendite und der eigene Wert aktuell knapp am ATH ist auch nicht schlecht...

[Sozzi]

keine Meinungen zum EAGM-Deal ?

[Sozzi]

Hi Goldfans,

gibt´s was Negatives bei dieser Beteiligungsstruktur ?

Hier das aktuelle Beteiligungsportfolio von DPM:

Altius Minerals Corporation
American Bonanza Gold Mining Corporation
Anatolia Minerals
Apollo Gold Corporation
Argosy Minerals
Ariane Gold Corporation
Atikwa Minerals Limited
Bolivar Gold Corp.
Cambior
Campell Res. Inc.
Canadian Royalities Inc.
Case Resources Inc.
Cumberland Resources
Diagem International Res.
Eastmain Resources Inc.
Eldorado Gold Corporation
European Goldfields Ltd.
FNX Mining Company
Gabriel Resources Ltd.
GlobeStar Mining Corp.
Golden Queen Mining
Greystar Resources
Hedman Resources Ltd.
Manhattan Minerals Corporation
Major Drilling Group
Metallic Ventures
Metallica Resources
Miramar Mining Corporation
Nichromet Extractions Inc.
Northgate Exploration Ltd.
Opti Canada
Pacific Rim Corporation
Pele Mountain Resources Inc.
Quest Ventures
Ranchgate Oil & Gas
Rio Narcea
South Atlantic Ventures Ltd.
Stratic Energy Corp
Tahera Corporation
TecnoPetrol Inc.
Tempest Energy
Titanium Corporation
Twin Mining Corporation
Verena Minerals Corporation
Western Canadian Coal Corp.
Wolfden Resources
East African Gold Mines
Revesco Group Ltd.
Red Back Mining NL
Buenaventura

[Sozzi]

Wednesday, July 09, 2003
GABRIEL RESOURCES LTD.

Gabriel Resources plans to raise CAD28 million, via a "bought deal" brokered financing with RBC Capital Markets. Gabriel will issue 10 million common shares at CAD2.80 a share. Shares of Gabriel currently trade at CAD2.84 on the TSX, with 114.8 million shares currently issued and outstanding. Gabriel is waiting for the results of a review by the Special Joint Committee of the Romanian Parliament of its proposed 500,000 ounce a year Rosia Montana gold mine. Construction of the Rosia Montana gold mine, which would rank as Europe`s largest gold mine, envisages controversial resettlement and relocation packages for approximately 500 properties, including 150 houses. An additional estimated 1,500 properties, including 770 houses, will need to be acquired over the approximate 17-year life of the mine. Apprehension for the mine also stems from the fear of damage to the Roman heritage of the area and environmental concerns.

[Sozzi]

na fein, da dürften in nächster Zeit noch einige Übernahmen erfolgen...


Placer Dome says that it remains firmly committed to reducing its hedge book despite the acquisition of an Australian junior which comes into the gold major`s fold with a sizeable chunk of gold production sold forward for the next decade. Mineweb reports Placer as saying that purchasing East African Gold Mines would smooth a long-desired entry into gold mining in Tanzania but at the same time add another 800,000-plus of committed gold ounces to its hedge book. "Acquiring these hedges in no way alters our commitment to reducing our existing hedge book -- excluding EAGM hedges - to below 10 million ounces by year end," Placer Dome president and CEO Jay Taylor said. Speaking on a conference call to discuss the EAGM purchase, Taylor said it remained Placer`s goal to cut total committed ounces to historical levels of about 15% of reserves.

[Sozzi]

BOLIVAR GOLD CORP.

Bolivar Gold and Gold Reserve have agreed to jointly explore and potentially develop the Choco 5 property in the El Callao district of Venezuela. Bolivar Gold will fund the initial exploration program and earn a 50% interest in the JV and thereafter each party will contribute equally towards the exploration and development costs. In addition, the companies have agreed to jointly pursue other exploration opportunities within a defined area of interest in the El Callao district of Venezuela. Choco 5 is located contiguous and to the west of Bolivar Gold`s 70%-owned Choco 4 and 10 properties where development of a 5,400 tonne per day open-pit gold operation in underway.

[SMILIE2000]

Ich finde den Titel dieses Threads richtig doof.
Es erinnert mich daran, "sich mit fremden Federn schmücken."
CMGI steht für etwas anderes.
Also, wenn ihr etwas sagen wollt, dann macht gefälligst zu einem Thread eine Überschrift in dem das drinnen ist was darüber steht.
Gruß SMILIE2000

[Sozzi]

...ob hier jemand den Threadtitel "doof" findet geht mir sowas von "an der Pupe" vorbei, daß kann man sich gar nicht vorstellen...DPM ist schon mit Cmgi zu vergleichen, sagen wir mal Situation wie 97´...der Goldsektor wird eh´ dem Internetsektor bald nachperformen (siehe Goldhaussethread) ...es gibt keinen anderen Wert, der als Beteiligungsgesellschaft so breit in a l l e Rohstoffe investiert ist wie DPM, und deshalb nenne ich den Thread um in "Die CMGI der Rohstoffaktien" (zufrieden vor drei Jahren Smilie ?), denn DPM investiert auch in Explorer die nach Kohle, Öl und Gas suchen...und das Beste ist, es sind Beteiligungswerte die noch gar nicht börsennotiert bzw. der Öffentlichkeit bekannt sind darunter...kommt mir alles sehr Cmgi-mässig vor ...


...heute erreichte DPM ein neues Alltimehoch...

[Sozzi]

FNX Mining

FNX to Begin Trading on American Stock Exchange
Toronto: July 14, 2003 – FNX Mining Company Inc. (FNX - TSX) is pleased to
announce that the American Stock Exchange (AMEX) has approved the listing of its
common shares. The Company’s shares will commence trading on AMEX at the market
opening on Thursday, July 17 th , 2003 under the stock symbol “FNX”.

FNX Mining Completes $48 Million Financing
TORONTO: July 11, 2003 – FNX Mining Company Inc. (FNX – TSX) reports the successful
completion today of the previously announced (June 17, 2003 FNX news release) bought deal
financing. BMO Nesbitt Burns Inc., Griffiths McBurney & Partners, Dundee Securities
Corporation and CIBC World Markets Inc. (collectively, the “Underwriters” purchased
6,210,000 common shares at a price of $6.45 per common share for gross proceeds of
$40,054,500. The Underwriters also exercised an option to purchase an additional 1,290,000
common shares at $6.45 per common share for gross proceeds of $8,320,500 resulting in
aggregate gross proceeds of $48,375,000.

[Sozzi]

BOLIVAR GOLD CORP.

Bolivar Gold Corp. is a gold exploration and development company. The company currently has interests in Bolivar State, Venezuela.
Bolivar Gold and Gold Reserve have agreed to jointly explore and potentially develop the Choco 5 property in the El Callao district of Venezuela. Bolivar Gold will fund the initial exploration program and earn a 50% interest in the JV and thereafter each party will contribute equally towards the exploration and development costs. In addition, the companies have agreed to jointly pursue other exploration opportunities within a defined area of interest in the El Callao district of Venezuela. Choco 5 is located contiguous and to the west of Bolivar Gold`s 70%-owned Choco 4 and 10 properties where development of a 5,400 tonne per day open-pit gold operation in underway.

[Sozzi]

Golden Star is a well-funded, un-hedged gold producer with forecast production in 2003 in excess of 140,000 ounces at a cash cost of approximately $185 per ounce.

GOLDEN STAR TO DEVELOP WASSA GOLD PROJECT IN GHANA
Total Production to Double at Cash Costs Below $200 per ounce
Denver, Colorado – July 10, 2003
Golden Star Resources Ltd. (Amex: GSS; TSX: GSC) is pleased to announce the development of its Wassa gold project in Ghana, West Africa, 35 kilometers from the Company`s Bogoso/Prestea gold operations. A feasibility study has been completed by Golden Star and a team of independent consultants led by Metallurgical Design and Management (Pty) Ltd. ("MDM") of South Africa, which estimates annualized production of over 140,000 ounces of gold in 2005 at average cash costs just below $200 per ounce. (All currency in this news release is expressed in U.S. dollars.) Golden Star has a 90% interest in the project, with a 10% carried interest held by the Government of Ghana.
Golden Star has awarded a lump sum, turnkey construction contract to MDM for the new processing plant and associated facilities at Wassa.
Commenting on the decision to build Wassa, President and CEO Peter Bradford said, "The Wassa feasibility study indicates a healthy internal rate of return for the project of 28% at $325 per ounce of gold, and around 38% at current prices. This project is another step towards our objective of becoming a mid-tier producer by adding 140,000 ounces annually for a modest capital investment. Combined with our expansion plans at the Bogoso/Prestea mine, gold production should be well over 300,000 ounces in 2005 at cash costs below $200 per ounce." Bogoso/Prestea is expected to produce approximately 140,000 ounces of gold at a projected cash cost of $185 per ounce in 2003.

[Sozzi]

#196 "verkopiert" , wäre aber bestimmt keinem aufgefallen, interessiert ja sowieso keine Sau, jaja ihr investiert lieber in selbstausgesuchte Werte, weil das DPM-Management sich zu hohe Gebühren selbst einsteckt... ...aber was bringt das ? nicht allzuviele Werte sind auf ATH

[Sozzi]

Tuesday, July 15, 2003
CAMPBELL RESOURCES INC. and WOLFDEN RESOURCES INC.

Wolfden Resources has confirmed the high grade gold potential at Campbell Resources` Bachelor Lake property in Le Sueur township in Quebec and has thus decided to proceed with the option to acquire a 50% interest in the property. Due diligence consisted of an assessment of the mine and mill facility, which were noted to remain in very good condition. Check sampling and assaying was performed on selected intervals from deep drilling performed from the bottom level of the mine in 1990, which indicated that the “Main Vein” is richer and wider at depth than from the upper levels mined during the mine’s history. The Wolfden assaying confirms the wide, high-grade nature of the deposit at depth with results of up to 15.98 g/t Au over 6.2 m at a depth of 216 m. The agreement provides for Wolfden to acquire its 50% interest in the Bachelor Lake project by funding CAD3,000,000 in exploration over three years and by issuing 50,000 common shares of Wolfden or paying CAD100,000 on the first and second anniversaries. Exploration, which will include dewatering of the mine workings, rehabilitation, and underground drilling, is expected to begin during the summer of 2003.

[Sozzi]

DUNDEE PRECIOUS ANNOUNCES ADDITIONAL EXTENSION OF EXCLUSIVITY PERIOD RELATING TO THE PROPOSED ACQUISITION OF CERTAIN GOLD MINING ASSETS IN BULGARIA FOR IMMEDIATE RELEASE

Further to Dundee Precious Metals Inc.`s (DPM.A, DPM.WT.A
- TSX) ("DPM" previous announcement relating to its proposal to acquire certain
Bulgarian mining assets from Navan Mining plc (in administrative receivership)
("Navan", Dundee Precious Acquisition Inc., a wholly owned subsidiary of DPM, has
now entered into a further extension of the exclusivity period contained in its agreement
with Navan and Deutsche Bank AG of London with respect to the purchase of the
Bulgarian assets of Navan to July 31, 2003. As previously announced, these assets
consist of a pre-feasibility stage development project called Ada Tepe, located near
Krumovgrad, a series of exploration licences covering Central and Eastern Rhodope in
southern Bulgaria and the Chelopech mine, a producing gold/copper mine, located 75
kilometres from Sophia, the capital city of Bulgaria.
Dundee Precious Metals Inc. is a publicly traded, closed-end investment company,
managed by Dynamic Mutual Funds Ltd., which is part of the Dundee Bancorp Group of
Companies. The Dundee Bancorp Group has a long history in the gold mining business
as the originator of many gold mining initiatives including International Corona
Corporation, Kinross Gold Corporation and Repadre Capital Corporation. Management
is confident that the Bulgarian assets of Navan have the attributes to be next on that list.

For further information, please contact:
Jonathan Goodman
President & CEO
Dundee Precious Metals Inc.

[Sozzi]

Wednesday, July 16, 2003
WOLFDEN RESOURCES INC.

Wolfden Resources entered into an agreement with a syndicate of underwriters comprised of Canaccord Capital Corporation, Dundee Securities Corporation, Pacific International Securities Inc., Griffiths McBurney & Partners and Haywood Securities Inc. The underwriters have offered to purchase from Wolfden, on a bought deal basis 2.5 million units at a price of $2.60 per unit for a total of CAD6.5 million, as well as 2.5 million flow-through common shares at a price of $2.75 per share for a total of CAD6.88 million. The company intends to use the proceeds of this offering to further develop its 100% owned High Lake Property, and for general working capital

[Sozzi]

Tuesday, July 15, 2003
CUMBERLAND RESOURCES LTD.

Cumberland Resources has arranged a CAD25 million financing. The company entered into an agreement with a group of underwriters led by Canaccord Capital and Dundee Securities pursuant to which the underwriters have agreed to purchase from the company 7 million units at a price of CAD3.10 per unit on a bought deal basis, and also to sell on behalf of the company, on a best efforts basis, one million flow-through common shares at a price of CAD3.30 per share. The aggregate gorss proceeds of the financing are expected to be CAD25 million. The underwriters have an option to increase the size of the financing by up to 3 million units for additional gross proceeds to the company of CAD9.3 million. The net proceeds from the underwritten financing will be used to advance the company’s Meadowbank Gold Project and for general working capital purposes. The gross proceeds of the flow-through common share financing will be used for the exploration of the Meadowbank Gold Project and its other Canadian exploration projects

[Sozzi]

Thursday, July 17, 2003
CANADIAN ROYALTIES INC.

Canadian Royalties announced that Dundee Securities has agreed to act as an agent to conduct a flow-through private placement, on a best efforts basis, of up to 1.1 million flow-through common shares at a price of $2.75 per share for a total of CAD3.0 million. The proceeds from the flow-through common shares will be used for expenses primarily on the company`s Nunavik, Quebec (Raglan area) nickel-copper-platinum-palladium properties, where exploration activities have recently been focused on the the Mesamax area, the TK area and the original Expo-Ungava area.

[Sozzi]

...dank Miramar heute neues Alltimehigh von DPM...

[Sozzi]

Tuesday, July 22, 2003
WOLFDEN RESOURCES INC.

Wolfden Resources has signed letters of intent with Placer Dome on its wholly-owned Marathon Red Lake and Bateman Properties, both located in the Red Lake Mining District, Ontario. Subject to negotiating a formal option and JV agreement, Placer Dome will have the option to acquire up to a 60% interest in Wolfden’s Marathon Red Lake Property. A Phase I surface drill program will begin in the near future with Wolfden as operator, followed by an underground drill program, at Placer’s option, from the adjoining Campbell Gold Mine with Placer as operator. Placer Dome will have the option to acquire up to a 65% interest in the Bateman Property, which is currently under option to Wolfden whereby it can earn a 100% interest by performing exploration and making annual option payments to Rivard Estate.

[Sozzi]

Toronto, Ontario…July 22, 2003
Titanium Corporation is pleased to announce the appointment of Andrew Cumming to the position of President and Chief Operating Officer of the Corporation, effective immediately. Dr. Cumming has a Ph.D. in Physics from MIT, and has enjoyed professional success in research and academic science as a Postdoctoral Member of the Technical Staff at (then) AT&T Bell Laboratories in Murray Hill, NJ, and Assistant Professor of Physics at the University of Florida (Gainesville, FL). He then returned to his native Canada to pursue a career in equity derivatives structuring and trading, becoming Co-Head of Equity Derivatives at Citibank Canada, Head of Equity Derivatives at Deutsche Bank Canada, and most recently Managing Director of Equity Related Products at Scotia Capital, a division of Scotiabank. He has been with Titanium Corporation as Executive Vice President since January, 2003, where he has provided oversight and management of the project to study the extraction and concentration marketable titanium-bearing and zircon minerals from oil sands tailings in cooperation with Syncrude Canada, Ltd. and a major manufacturer of titanium dioxide pigment.

This appointment of Dr. Cumming as President and COO is a crucial part of the orderly transition of the management team at the Corporation, in that George Elliott has concurrently announced that it has been his intention to retire as CEO of the Corporation, effective December 31, 2003. Mr. Elliott has agreed to remain as Chairman of the Board of Directors going forward. George Elliott stated that “these changes provide maximum leverage of the skills of our team members, and strengthen the Corporation to meet the challenges of this next important phase of its development, as we seek to further understand and commercialize the minerals-extraction potential of the oil sands tailings. We welcome these developments in the interests of unlocking shareholder value in the Corporation.”

About Titanium Corporation

Titanium Corporation Inc. is a Toronto-based mineral exploration and development company whose shares are listed on the TSX Venture Exchange under the symbol "TIC", U.S. clearing symbol “TITUF”, CUSIP Number: 88833T104. The Corporation`s mission is to become the first titanium and zircon sand producer in Canada. The Company is currently outlining a 72 square kilometer mineral sand deposit located on the Shubenacadie River, Nova Scotia, Canada and evaluating the potential for extracting and producing titanium bearing minerals and zircon from Syncrude’s centrifuge plant 6 tailing stream. For more information, please visit www.titaniumcorporation.com.

[Sozzi]

July 23, 2003
PACIFIC RIM APPOINTS NEW DIRECTOR

Pacific Rim Mining Corp. is pleased to announce the appointment of Mr. Paul B. Sweeney to the Company`s board of directors.
Mr. Sweeney is a senior financial executive with over 30 years of mining-related experience in finance, accounting and strategic planning. He is currently the Chief Financial Officer of Canico Resource Corp. and previously held senior positions with such mining companies as Manhattan Minerals Corp., Sutton Resources Corp., Gibraltar Mines Limited and Placer Dome Inc.
"Paul is a valuable addition to Pacific Rim`s board," states Tom Shrake, CEO. "His background fills an immediate need for Pacific Rim`s board of directors in the field of accounting and auditing. His expertise and experience in the area of mine financing will be especially beneficial to the Company in the future as our strategic plan unfolds."
Pacific Rim Mining Corp. is a well-managed, revenue-generating gold exploration company with operational and exploration assets in North, Central and South America. Pacific Rim is utilizing cash flow from its interest in the Denton-Rawhide gold mine in Nevada to explore, define and advance its flagship El Dorado and nearby La Calera gold projects in El Salvador.
Pacific Rim is committed to growth and profitability through the discovery, development and operation of a high-grade, low-cost gold mine. Management believes the El Dorado and La Calera projects have the potential to help Pacific Rim achieve its goal of becoming a highly profitable, growth-oriented, intermediate-level gold producer.

[Sozzi]

...Leute, bei dem aufkommenden Hype nicht nur an Silber und Gold denken...DPM ist auch in Ölexplorer investiert, welche noch nicht börsennotiert sind...

OPTI Canada Inc. (OPTI) is a private company established in 1999 to commercialize the OrCrude™ upgrading process and to develop integrated bitumen and heavy oil projects. OPTI has an exclusive license to use the OrCrude™ process in Canada, a 50 per cent interest in the proposed integrated Long Lake oil sands project near Fort McMurray, Alberta and a 500 barrel-per-day demonstration upgrader near Cold Lake, Alberta.
The Long Lake Project is an estimated $3.0 billion in-situ oil sands project slated for operation in 2005. The project combines the Steam Assisted Gravity Drainage process with an on site upgrader using the OrCrude™ process. The upgrader also uses conventional hydrocracking and gasification technologies.
OPTI has an office in Calgary, Alberta and is a member of the ORMAT Group of companies. ORMAT is a world leader in remote, high reliability power generation systems using renewable energy sources, such as geothermal, solar, industrial waste heat and low-grade fuels.

[Sozzi]

...wenn das mal kein Sommerschlussverkaufsangebot ist...

Thursday, July 24, 2003
MIRAMAR MINING CORPORATION

Vancouver-based Miramar Mining plans to raise up to CAD30 million via a bought deal financing to fund continued exploration and development of the Hope Bay belt in Nunavut. Miramar will issue 14.3 million shares at CAD2.10 to an unnamed broker on behalf of a syndicate of underwriters. Miramar shares currently trade at CAD2.13 on the TSX Venture Exchange, 27 cents from their 52-week high, with 124.5 million shares currently issued and outstanding. Miramar plans to commence a major summer exploration program designed to follow-up on previous drilling at the Hope Bay project in Nunavut during the first half of 2003. Targets for the summer program include expanded deep drilling in the Suluk Zone at Madrid and continued deep drilling at Boston. Miramar hopes to complete a scoping study, or preliminary assessment, evaluating the potential for an extension of the operating life of the high grade Doris operation by incorporating the Doris Connector and Doris Central area resources, by late summer.

[Sozzi]

...ältere Meldung zum "Bulgarieninvestment" von DPM...


Das kanadische Unternehmen Dundee Precious Metals hat mit der Navan Mining und der Deutschen Bank Verhandlungen über den Kauf der bulgarischen Aktiva von Navan Mining aufgenommen, meldete die Tageszeitung Pari. Die Firma gehört zur Dundee Bankcorp Group, die eine langjährige Traditionen in der Goldgewinnung hat. Der Käufer muss 15 Mio. UDS in den nächsten anderthalb Jahren und weitere 40 Mio. USD in den folgenden drei Jahren zahlen.
Zu den Aktiva der Navan Mining gehören die Grube in Tschelopetsch, das Goldgewinnungsprojekt bei Ada Tepe in der Nähe von Krumovgrad und einige Lizenzen zur Erkundung in den zentralen und östlichen Rhodopen.

[Sozzi]

Friday, July 25, 2003
BOLIVAR GOLD CORP.

Bolivar Gold and Gold Fields are teaming up to explore the El Callao area of Venezuela. The company signed a letter of intent with Gold Fields whereby they agree to jointly acquire, explore and, if warranted, develop gold properties in a defined area of interest in the El Callao area of Venezuela, excluding Bolivar`s Choco 4 and 10 concessions. For all properties acquired under the El Callao JV, all property acquisition costs will be equally funded. Gold Fields will be responsible for funding all costs of exploration through to completion of a bankable feasibility study, with Bolivar`s 50% share of such costs treated as a loan by Gold Fields and recovered preferentially from Bolivar`s share of future cash flows. Bolivar intends to contribute to the El Callao JV, its recently announced JV with Gold Reserve for the Choco 5 property.

[Sozzi]

Top Ten Holdings DPM July 31, 2003

Miramar Mining Corporation
Common Shares 14,183,895
Purchase Warrants 197,250

Cambior Inc.
Common Shares 7,264,700

FNX Mining Company Inc.
Common Shares 2,425,000

Eldorado Gold Corporation
Common Shares 5,067,109

Major Drilling Group International
Common Shares 2,400,000

Gabriel Resources Ltd.
Common Shares 3,830,300

Compañia de Minas Buenaventura
SA Sponsored ADR, Series "B" 182,530

Tahera Corporation
Common Shares 31,138,806
Warants 3,800,000
Convertible Debenture 2,817,000

Apollo Gold Corporation
Common Shares 2,500,000
Purchase Warrants 625,000

Wolfden Resources Inc.
Common Shares 1,825,000

[Sozzi]

...EAGM wurde ja übernommen, ein kleiner Teil des Erlöses dürfte in Tahera per Kapitalerhöhung geflossen sein...

PRESS RELEASE
Toronto – July 3, 2003
Tahera Corporation is pleased to announce that it has closed the previously announced private placements of flow-through common shares. Tahera issued a total of 14,285,714 flow-through common shares at a subscription price of $0.14 per share, for gross proceeds of $2.0 million.
Tahera will utilize the proceeds from the private placements to fund exploration and development activities with respect to its diamond projects in Nunavut and the Northwest Territories.

About Tahera Corporation
Tahera Corporation (www.tahera.com) is a unique Canadian diamond Company in that it has a positive feasibility study completed on an advanced-stage diamond project. Tahera is focused on developing its wholly-owned Jericho Diamond Project as CANADA`S NEXT and NUNAVUT`S FIRST DIAMOND MINE. Tahera has several other prospective diamond projects in Canada`s prolific Slave Craton, including the Rockinghorse Property joint venture, where the significantly diamondiferous Anuri kimberlite occurs. The common shares of the Company trade on the Toronto Stock Exchange under the symbol `TAH`.

[Sozzi]

zu #208

Friday, August 15, 2003
MIRAMAR MINING CORPORATION

Miramar Mining has closed the bought deal equity financing of CAD35.07 million for continued exploration and development of its Hope Bay project in Nunavut, and for general working capital. The company sold 16.7 million common shares at a price of CAD2.10 per share. The underwriters purchased 14.3 million shares and exercised an option to increase the offering by 2.4 million shares. Miramar Mining trades on the Toronto Stock Exchange currently at $2.24 per share. There are 143,662,944 common shares outstanding.

[Sozzi]

Friday, August 22, 2003
RIO NARCEA GOLD MINES

Rio Narcea Gold Mines has finalized a USD47 million debt facility with Investec Bank and Macquarie Bank for the construction of the USD70 million Aguablanca Ni-Cu-PGM mine located in southwestern Spain. The debt facility includes a six-year senior amortizing loan facility of USD40 million, a subordinated convertible loan facility of USD5 million and a stand-by senior cost over-run facility of USD2 million. The capital costs to construct the Aguablanca mine have been revised to approximately USD70 million, of which the additional resources required to construct the mine will come from at USD6.5 million VAT reimbursement loan and available cash resources. Rio Narcea has also been awarded subsidies from the lenders under the loan facility and the Government of Spain. The Aguablanca mine is scheduled to be commissioned by the end of the second quarter of 2004 and is expected to produce about 18 million pounds of nickel in concentrate per year. Rio Narcea obtained the exploitation licence for Aguablanca earlier this month and has awarded the engineering contract for the construction of the mine to Fluor Corp.

[Kurumba]

und ganz simpel wie wärs denn mal mit BARRICK???

[Sozzi]

Top Ten Holdings at August 31, 2003



Miramar Mining Corporation Common Shares 14,381,145

Cambior Inc. Common Shares 7,264,700

Eldorado Gold Corporation Common Shares 5,067,109

Major Drilling Group International Common Shares 2,400,000

FNX Mining Company Inc. Common Shares 2,425,000

Gabriel Resources Ltd. Common Shares 3,830,300

Companiñia de Minas Buenaventura SA 182,530

Wolfden Resources Inc. Common Shares 1,825,000

Apollo Gold Corporation Common Shares 2,500,000
Purchase Warrants 625,000

Pacific Rim Mining Corporation Common Shares 7,827,258

[Sozzi]

Friday, September 05, 2003
BOLIVAR GOLD CORP.

Bolivar Gold has signed a letter of intent with London-listed Gold Mines of Sardinia plc whereby the parties will form a joint venture in which Bolivar can earn up to a 70% interest in the Monte Ollesteddu gold project in Sardinia, Italy. Bolivar can earn a 15% direct interest in the project upon receipt of all necessary research and access rights to the Ollesteddu prospect, a further 40% on completion of a prefeasibility study and an additional 15% upon completion of a bankable feasibility study. Bolivar will pay 100% of project expenditure until the bankable feasibility study has been completed. Discovered in 2000, the Monte Ollesteddu prospect is located in southeastern Sardinia and comprises an extensive gold-in-soil anomaly, 3.5 km long and up to 1 km wide with up to 12 g/t in soils in the central area. Previous selective sampling of the individual quartz-sulphide veins returned values typically between 15 and 50 g/t, and as high as 220 g/t Au.

[Sozzi]

Monday, September 08, 2003
GABRIEL RESOURCES LTD.

Toronto-based Gabriel Resources plans to raise CAD45.75 million, via a "bought deal" brokered financing for the advancement of its mineral properties, and for general corporate purposes. Gabriel will issue 15 million shares at CAD3.05, to a syndicate of brokered led by Griffiths McBurney and BMO Nesbitt Burns as agents, and including CIBC World Markets, Dundee Securities and TD Securities. Shares of Gabriel currently trade at CAD3.30 on the Toronto Stock Exchange, with 114.8 million shares currently issued and outstanding. In July, Gabriel withdrew from a CAD28 million bought deal equity offering, which was to be used to finance the controversial Rosia Montana gold mine in Romania. Gabriel reported last month that the overall resettlement program was proceeding slower than planned and that the submission of the EIA to the Minister of Environment had been delayed pending receipt of the final confirmation of applicable land use zoning, being the urbanism certificate. The construction of the new mine is scheduled to commence during the fourth quarter of 2004, permitting and resettlement dependant.

[Sozzi]

DUNDEE PRECIOUS METALS WKN 872063
Börse Berlin-Bremen

[Sozzi]

...lt. 2.Q.-Bericht wurden aus dem Gewinn des EAGM-Deals ca. 25 Mio C$ in eine neu gegründete Tochtergesellschaft namens "Dundee Precious Acquisition Inc." gesteckt...


neue Beteiligungen wurden eingegangen (jeweils ca. 2 Mio C$):

McMatters Mining Inc.
Northern Orion Resources Inc.

[Sozzi]

DPM Top Ten Holdings at September 30, 2003


Miramar Mining Corporation Common Shares 14,381,145

Cambior Inc. Common Shares 7,264,700

Major Drilling Group Intrenational Common Shares 2,200,000

FNX Mining Company Inc. Common Shares 2,425,000

Gabriel Resources Ltd. Common Shares 3,830,000

Eldorado Gold Corporation Common Shares 3,067,109

Compañia de Minas Buenaventura SA Sponsored ADR, Series "B" 182,530

Tahera Corporation Common Shares 31,138,806
Warrants 3,800,000
Convertible Debenture 2,817,000

Pacific Rim Mining Corporation Common Shares 7,827,258

Wolfden Resources Inc. Common Shares 1,825,000

[Sozzi]

...hier der Grund der Gründung der Dundee Precious Acquisition Inc. (komplette Einbringung der von Navan Mining erworbenen Minen und Lizenzen in Bulgarien)...


TORONTO, ONTARIO, Sep 30, 2003 (CCNMatthews via COMTEX) -- Dundee Precious Metals Inc. (DPM.A, DPM.WT.A - TSX) announced today that its wholly-owned subsidiaries, Dundee Precious (Barbados) Inc. and Dundee Precious (Chelopech) B.V., have completed the purchase of the Bulgarian companies of Navan Mining plc which own the Chelopech gold-copper mine and exploration properties located in the Rhodope Metallogenic Belt, the most advanced of which is the Ada Tepe deposit which is located on the Krumovgrad license.

Jonathan Goodman, President and CEO DPM said: "These are potential world class assets that have been starved of adequate capital and management talent. After substantial capital investment, we believe that these assets will reap rewards for all stakeholders including the current employees, the government of Bulgaria and Dundee Precious Metals shareholders."

[Sozzi]

Tuesday, October 07, 2003
AMERICAN BONANZA GOLD MINING CORP.

American Bonanza Gold Mining intends to raise up to CAD6.0 million to fund the drilling at the Copperstone project in Arizona. Canaccord Capital will act as an agent to offer up to 21,428,572 units units at a price of 28 cents per unit. Each unit will be comprised of one common share and one half of a non-transferable common share purchase warrant. Each whole warrant will entitle the holder to acquire one additional common share for a period of two years at a price of 45 cents per common share. Shares of American Bonanza currently trade at 30 cents on the TSX Venture Exchange, with 116,131,707 shares currently issued and outstanding. Last month, American Bonanza reported that a second underground core drilling rig and a surface drilling rig was due to be mobilized later in the month. Underground core drilling continues at the Copperstone project.

[Sozzi]

Stand der DPM-Beteiligungen Ende 2.Q/2003

Anzahl Aktie cost value

Kanada

150,000 Altius Minerals Corporation 168 317
3,666,667 American Bonanza Gold Mining Corporation 550 1,045
3,666,667 ", Warrants 10/2004 0 422
1,000,000 Anatolia Minerals 618 1,112
2,500,000 Apollo Gold Corporation 3,168 7,000
625,000 ", Warrants 03/2004 0 342
479,040 Argosy Minerals 2,002 63
3,327,945 Ariane Gold Corporation 2,234 2,562
1,033,333 Atikwa Minerals Limited, Special Warrants 140 186
935,700 Bolivar Gold Corp. 150 1,359
468,750 ", Warrants 04/2004 0 567
1,000,000 ", Warrants 03/2008 0 1,100
7,264,700 Cambior 5,649 16,927
1,600,000 Campell Res. Inc. 960 896
200,000 Canadian Royalities Inc. 455 478
500,000 Cumberland Resources 1,405 1,415
13,355,617 Diagem International Res. 2,111 2,805
750,000 ", Warrants 0 8
2,500,000 Eastmain Resources Inc. 750 875
5,067,109 Eldorado Gold Corporation 2,570 14,796
533,303 European Goldfields Ltd. 837 685
2,425,000 FNX Mining Company 970 15,956
3,830,300 Gabriel Resources Ltd. 5,923 8,810
1,000,000 GlobeStar Mining Corp. 500 570
1,000,000 ", Warrants 12/2003 0 50
5,306,200 Golden Queen Mining 3,695 2,122
800,000 Greystar Resources 1,000 1,248
2,000,000 ", Warrants 10/2003 0 100
1,562,500 Hedman Resources Ltd. 500 500
1,562,500 ", Warrants 06/2004 0 78
1,335,000 Manhattan Minerals Corporation 1,110 774
1,850,429 ", Restriced 150 232
550,000 ", Warrants 09/2003 0 6
900 ", Units 900 1,132
2,400,000 Major Drilling Group 8,441 13,200
12,625,000 McWatters Mining 2,020 1,831
6,312,500 ",Warrants 06/2004 0 316
850,000 Metallic Ventures 1,669 3,230
700,000 Metallica Resources 1,260 1,043
14,183,895 Miramar Mining Corporation 22,949 28,793
197,250 ", Warrants ohne LZ 0 78
14,650 Nichromet Extractions Inc. 205 205
1,540,000 Northern Orion Resources 1,848 2,372
770,000 ", Warrants 05/2008 0 8
2,698,413 Northgate Exploration Ltd. 4,838 4,641
99,207 ", Warrants 12/2006 0 40
833,333 ", Warrants Special 538 308
130,000 Opti Canada 1,885 1,885
7,827,258 Pacific Rim Corporation 7,859 4,696
1,250,000 Pele Mountain Resources Inc. 250 288
625,000 ", Warrants 06/2004 0 6
400,000 Quest Ventures, PSL10/2003 594 592
368,421 Ranchgate Oil & Gas, Warrants 350 348
2,108,500 Rio Narcea 1,774 4,702
600,000 South Atlantic Ventures Ltd. 1,200 1,560
300,000 ", Warrants 12/2004 0 105
852,273 Stratic Energy Corp., Apecial Warrants 0 9
31,138,806 Tahera Corporation 4,056 4,515
3,800,000 ", Warrants 08/2004 0 190
2,817,000 ", Warrants 08/2004 Convertible 2,817 3,268
1,600,000 Titanium Corporation 2,739 4,208
400,000 ", Escrow 492 894
869,329 Twin Mining Corporation 468 261
1,222,033 Verena Minerals Corporation 896 58
1,000,000 Western Canadian Coal Corp. 549 300
500,000 ", Warrants 11/2004 1 5
1,825,000 Wolfden Resources 2,573 5,804

Australien

3,957,016 Revesco Group Ltd. 316 523
3,957,016 ", Warrants 11/2011 117 252
3,129,063 Red Back Mining NL 963 1,226

Südamerika

182,530 Buenaventura 1,037 8,543

Sonstige Investments

1 Bulgarienprojekt 7,866 7,866

[Sozzi]

Wednesday, October 08, 2003
EASTMAIN RESOURCES INC.

Eastmain Resources plans to raise up to CAD4.4 million in a brokered financing to fund exploration on its mineral properties, for the acquisition of new mineral properties and for working capital. Eastmain will issue up to 8 million units at 50 cents a unit, with with Fort House Inc as agent. Each unit will consist of one common share and one-half of a common share purchase warrant, each whole warrant entitling the holder to purchase an additional Eastmain common share. Eastmain shares currently trade at 56 cents on the Toronto Stock Exchange with 32.8 million shares currently issued and outstanding. Eastmain`s portfolio of exploration properties includes other gold properties in Ontario and Quebec as well as a zinc property in New Brunswick. Last month, Eastmain and joint venture partner Slam Exploration completed a 7 hole diamond drill program on its Reserve Creek property in the Uchi subprovince in Ontario, extending the depth of known gold mineralization in the Williamson A and B zones. Eastmain is also earning a majority interest in the Clearwater Gold Project near the Eastmain River in northern Quebec.

[Sozzi]

Info zur neuen Beteiligung Northern Orion:

Northern Orion Resources Inc. (NNO-TSX) is a low-cost copper and gold producer with a 12.5% interest in the Bajo de la Alumbrera mine in northwestern Argentina. Alumbrera gives Northern Orion an estimated annual cash flow of US$25 million.


nur so
#1 von Redaktion WO
07.10.03 Die Norddeutsche Affinerie AG kündigte am Dienstag für das Jahr 2004 eine Erhöhung der Prämien für Kupfer an. Unternehmensangaben zufolge wird der größte europäische Kupferproduzent zukünftig die Prämie für eine Tonne des Metalls von 38 Dollar im Jahr 2003 auf 60 Dollar je Tonne anheben.In der letzten Woche hatte bereits der weltgrößte Kupferproduzent, der chilenische Konzern Codelco, die Prämie für Kupfer der Güteklasse „A“ von 38 Dollar auf 60 Dollar je Tonne angehoben.

[Sozzi]

October 10, 2003

In accordance with regulatory requirements, Dundee Precious Metals Inc. (DPM.A, DPM.WT.A - TSX) (“Dundee Precious”) announced that it purchased 4,843,750 units of Dumont Nickel Inc. (“Dumont”) at $0.16 per unit. Each unit consists of one common share and one half of one warrant, with each whole warrant exercisable into one common share of Dumont at $0.24 until October 6, 2005. This represents an 8.6% interest in Dumont, on an undiluted basis, or 12.3% assuming the exercise of all warrants held by Dundee Precious...read more http://www.dumontnickel.com

[Sozzi]

Oct 27, 2003
Pacific Rim Mining

Pacific Rim Mining Corp. is very pleased to announce the results of an updated resource estimate for its El Dorado gold project, El Salvador. New resource estimates have been completed for the Minita, Coyotera and Nueva Esperanza veins, incorporating the results to date from Pacific Rim`s ongoing drill program on the El Dorado project. The measured and indicated gold resource on the Minita vein has grown 67% as a result of Pacific Rim`s recently completed step-out drilling program designed to extend the dimensions of the Minita mineralized chute. The Nueva Esperanza and Coyotera resources are the first ever conducted in compliance with National Instrument 43-101 and add significantly to the measured and indicated resource at El Dorado, which now totals 821,200 ounces of gold and 5.3 million ounces of silver.

[Sozzi]

DPM ATH und 30C$-Marke durchbrochen...

[Sozzi]

November 3, 2003
FNX Mining Company Inc. (FNX-TSX/AMEX)
is pleased to announce that John Lydall has joined the Company’s Board of Directors, effective
October 27, 2003. Mr. Lydall recently retired as Managing Director of the mining investment
banking group at National Bank Financial. He had a distinguished career in the Canadian
financial markets, initially as a top ranked mining analyst and more recently as a senior
investment banker. Almost all of his 25 plus year career was spent at National Bank Financial
and its predecessor company, First Marathon. As an investment banker, he has advised and
participated in financings for many North American mining companies.
Mr. Lydall, P.Eng. graduated from Nottingham University with a mining engineering degree and
has an MBA from Cranfield University in the UK. He is a professional engineer and has served
on the boards and committees of several professional and educational organizations
Terry MacGibbon, President and CEO of FNX Mining, stated that, “We are fortunate and
pleased to add a person of John’s calibre to the FNX Board. John’s integrity, enthusiasm and
national and international experience in the mining industry, along with extensive contacts, will
benefit FNX and its shareholders as the Company continues to grow from explorer to producer.”
FNX Mining is a nickel, copper, platinum, palladium and gold producer and explorer operating
in Canada’s prolific Sudbury Basin mining camp. The Company implemented Phase 1 mining at
the McCreedy West Mine this year and anticipates pending positive feasibility studies at the
Levack Mine and the PM Deposit to implement Phases 2 and 3 Mining at the McCreedy West-Levack
Mine Complex in 2004. FNX and its Sudbury Joint Venture partner are completing
2003’s $24.5 million exploration program and will exercising the option to earn a 100% interest
in the five Sudbury Area properties during the fourth quarter.

[Sozzi]

Dundee Precious Metals
Top Ten Holdings at October 31, 2003


Miramar Mining Corporation Common Shares 14,381,145

Cambior Inc. Common Shares 7,264,700

Major Drilling Group Intrenational Common Shares 2,200,000

FNX Mining Company Inc. Common Shares 2,425,000

Gabriel Resources Ltd. Common Shares 3,830,000

Compañia de Minas Buenaventura SA Sponsored ADR, Series "B" 182,530

Tahera Corporation Common Shares 31,138,806
Warrants 3,800,000
Convertible Debenture 2,817,000

Eldorado Gold Corporation Common Shares 2,067,109

Wolfden Resources Inc. Common Shares 1,825,000

Northgate Exploration Ltd. Common Shares 2,698,413
Special Warrants 833,333
Warrants 99,207

[Sozzi]

November 4, 2003
Pele Mountain Resources Inc.

Pele Mountain Acquires Nickel Property
Toronto, Pele Mountain Resources Inc. (TSX-V:GEM) ("Pele" or the "Company") is
pleased to announce that it has acquired a 100% interest in a nickel property comprised of 41 mining claim units located 35
kms south of Timmins, Ontario (the “Nickel Property”). Pele’s Nickel Property, which ties on to the southern boundary of
the past producing Texmont nickel mine property, was acquired from arm’s length prospectors for $5,000 in cash, 180,000
common shares of Pele (at an attributed value of $90,000) and retention by the prospectors of a 1.5% NSR, of which Pele
can repurchase 1% for $1,000,000.
Al Shefsky, President and CEO of Pele stated, “ The acquisition of this highly prospective Nickel Property is a continuation
of Pele’s strategic goal to explore in Northern Ontario for minerals that can add to shareholder value including diamonds,
gold and nickel. Pele is very excited about this new acquisition and the opportunity it presents to participate in the prolific
Timmins Nickel camp. Recent news shows a hightened interest in nickel exploration and mining in the area with an
important new discovery by Mustang Minerals Corp and government approval for Falconbridge to proceed with its
Montcalm nickel mine. ”
Exposed bedrock geology and regional airborne geophysics confirm that Pele’s new Nickel Property includes a suite of
ultramafic rocks in a geological stratigraphy that is similar to the adjacent Texmont nickel mine and other locations in the
Timmins nickel camp which have mined economic concentrations of nickel. Recent ground geophysics completed over a
portion of the Nickel Property has clearly identified high potential drill targets. Additional ground geophysics and a drill
program are currently being planned.
This press release has been reviewed and approved by Kian Jensen P. Geo., an independent consultant and Qualified
Person.
For further information please contact Al Shefsky, President and Chief Executive Officer at [phone], or visit our
website at www.pelemountain.com

[Sozzi]

Monday, November 03, 2003
EASTMAIN RESOURCES INC.

Eastmain Resources has closed the second tranche of its brokered private placement and has issued a total of 8,800,000 units priced at CAD0.50 per unit for aggregate gross proceeds of CAD4,400,000. Each unit consists of one common share and one-half of a common share purchase warrant. Each whole warrant entitles the holder to purchase one common share at a price of CAD0.60 per share on or before October 24, 2005. Eastmain said that the proceeds of the offering would be used for the continued exploration of the company`s mineral properties, for the acquisition of new mineral properties and for working capital.

[Sozzi]

Monday, November 03, 2003
MCWATTERS MINING INC.

McWatters Mining has agreed to sell its Kiena Mine Complex in Val-d`Or, Québec, and has received the preliminary report of RSG Global with respect to various operational and technical matters relating to McWatters` Sigma-Lamaque mine and mill complex. McWatters has agreed to sell the Kiena Mine Complex to Western Québec Mines for CAD2 million including a non-refundable cash payment of CAD200,000 plus up to CAD1 million for inventory, stores and equipment, and a 4% NSR on existing resources from the Kiena property. Any new resources found on the Kiena property will be subject to a 2% NSR to McWatters. Moreover, Western Québec will pay McWatters CAD1 million if as and when the Kiena mill resumes commercial production. With regard to Sigma-Lamaque, the RSG report indicates that certain operational practices at the Sigma-Lamaque complex have led to operational inefficiencies. The preliminary report also contains specific recommendations to optimize all aspects of mining operations if and when production resumes at the Sigma mine. RSG was unable to confirm previously reported resources and preliminary indications were that tonnage and grade for the open pit could be reduced. Additional drilling to enable high confidence resource estimation was recommended by RSG.

[Sozzi]

Wednesday, November 05, 2003
RED BACK MINING NL (DPM besitzt ca. 3,1 Mio Aktien)

Aussie-based Red Back Mining NL has announced a proposed merger with Toronto-based Champion Resources leading to the formation of a new TSX-listed gold company focused on the development of the Chirano Gold Project in Ghana. As part of the merger, Red Back shareholders will receive an entitlement to shares in a new company holding Red Back’s other nickel and gold exploration interests. The company views the proposed merger as the most appropriate means of listing Red Back’s shares on the TSX and accessing North American capital markets, where there is currently a significant level of investor interest in African gold projects. Following the merger, Red Back Inc. as the surviving entity, will apply to list on the TSE and will have a strong working capital position of about USD9 million and a focus on expediting development of the Chirano Project. Earlier this year, Red Back completed a Bankable Feasibility Study (based on a USD325/ounce gold price) which indicated that Chirano could produce over 140,000 ounces per year of gold over a 6.5 year mine life from an open pit operation.

[Sozzi]

Friday, November 07, 2003
SOUTH ATLANTIC VENTURES LTD.

South Atlantic Ventures has agreed to a private placement to raise CAD10 million for the upcoming exploration program on its Norrbotten copper/gold project in northern Sweden, as well as for general working capital purposes. The company will sell 2 million shares at a price of CAD5.00 per share. South Atlantic trades on the TSX Venture Exchange currently at CAD5.00 per share. There are 7,709,957 common shares outstanding.

[Sozzi]

Monday, November 17, 2003
RIO NARCEA GOLD MINES, LTD. DPM besitzt mehr als 2 Mio Aktien (zum Einstiegspreis von 0,83 C$)

Rio Narcea has signed a contract with the PEAL Group of Spain for mining of its Aguablanca nickel-copper deposit in southwestern Spain. PEAL is currently mobilizing the requisite equipment to commence the tailings site and prestripping activities at the Aguablanca project site. Project construction is advancing rapidly with most surface excavations for the plant site completed and construction of the concrete foundations underway. Simultaneously, access roads, main offices and the development of a general infrastructure are proceeding. The target for plant start-up remains mid-year 2004.

[Sozzi]

Apollo Gold (DPM besitzt 2,5 Mio Aktien)

Apollo Gold (NA, MKP 117 Mio. A$) meldet für das Juniquartal einen Anstieg der Goldproduktion um 34,9 % auf 39.851 oz, was einer Jahresrate von etwa 160.000 oz entspricht. In der Florida Canyon Mine fiel die Produktion von 29.552 auf 26.733 oz. Problematisch verlief die Produktion im Montana Tunnels Projekt, wo technische Probleme die Produktion auf 13.118 oz beschränkten. Ursprünglich war eine Jahresproduktionsrate von 75.000 oz vorgesehen. Die Nettoproduktionskosten stiegen auf 299 $/oz. Apollo Gold macht keine Angaben über den Verkaufspreis. Der Verlust erreichte im Juniquartal 3,3 Mio. A$ oder 55 $/oz. Neben der Florida Canyon Mine und dem Montana Tunnels Projekt verfügt Apollo über Goldreserven von 319.000 oz in der Standard Mine, die im Dezemberquartal 2004 in Produktion gehen soll. Für 2003 war eine Produktion von 200.000 oz geplant, die nach dem schwachen Juniquartal aber nicht mehr erreichbar erscheint. Apollo verfügt über Vorwärtsverkäufe von 100.000 oz, die einen Produktionszeitraum von 0,5 Jahren abdecken. Der Cashbestand fiel von 16,0 auf 2,7 Mio. $, konnte aber durch eine Kapitalerhöhung am 26.09.03 wieder um 55,4 Mio. A$ erhöht werden.
Beurteilung: Mit einer jährlichen Goldproduktion von 200.000 oz und einer Marktkapitalisierung von 117 Mio. A$ weist Apollo einen hohen Hebel auf den Goldpreis aus. Problematisch sind die hohen Produktionskosten und die hohen Verluste trotz des gestiegenen Goldpreises. Wenn es Apollo gelingt, die Gewinnzone zu erreichen, würde sich ein Aktienkurspotential von etwa 100 % eröffnen. Apollo eignet sich als spekulative Beimischung für ein nordamerikanisches Goldminendepot, das vor allem auf einen steigenden Goldpreis setzt. Nach der Kapitalerhöhung reduzieren wir unser Kursziel von 6,00 auf 5,00 C$.
Empfehlung: Halten, unter 3,00 C$ kaufen, aktueller Kurs 2,25 C$, Kursziel 5,00 C$.
www.goldseiten.de

[Sozzi]

Tuesday, November 18, 2003
Miramar Mining Corporation (DPM besitzt Aktien im Wert von z.Zt. mehr als 33 Mio US$ !)

Miramar Mining Corporation today announced that it has entered into a letter agreement with Kinross Gold Corporation whereby Miramar has the option to earn a 60% interest in the large George and Goose Lake projects in Nunavut for expenditures of C$25 million.
The George and Goose Lake projects encompass approximately 390 sq. km of mineral rights located 520km northeast of Yellowknife, and approximately 165km southwest of Miramar’s 100% owned Hope Bay project. Since the discovery of gold at George Lake in the early 1980’s, more than 165,000m of drilling has defined a resource of approximately 2 million ounces of gold. Gold mineralization is contained in banded iron formations (“BIF”) that are analogous to Kinross’ recently closed Lupin Mine, which produced approximately 3,275,000 ounces of gold at an average grade of 9.5 g/t of gold since opening in 1981.
“This agreement on the George and Goose Lake properties clearly fits with our Northern Strategy, and takes full advantage of our core competencies of managing large exploration projects in greenstone gold belts in the Canadian North, an area where we have built up considerable exploration and operating experience over the past ten years,” said Tony Walsh, Miramar’s President and CEO. “This agreement gives us the opportunity to add up to 1.2 million ounces of gold to Miramar’s resource base, a 28% increase over current resources, based entirely on expenditures in the ground. Further, we believe that there is excellent potential to substantially increase this gold resource during the option earn-in period.”

[Sozzi]

Tuesday, November 18, 2003
TAHERA CORPORATION

Tahera has raised CAD8 million for exploration and development on its Jericho Diamond Project, other diamond properties, as well as for working capital. Tahera issued 50 million units at a price of 16 cents a unit. The Jericho Diamond Project is Tahera`s most advanced stage project. Tahera expects the Final Hearing to consider the project`s Environmental Impact Statement (EIS) to be held next month. Tahera has provided a schedule for permitting, project financing and hopes to construct and commission a diamond plant in 2005. Tahera also announced last month that a kimberlite dike discovered during the summer exploration program at Jericho is diamondiferous.

[Sozzi]

Tuesday, November 18, 2003
RIO NARCEA GOLD MINES, LTD.

Rio Narcea Gold Mines has reported a net income of USD434,000 or nil cents per share on revenues of USD14.9 million for the third quarter of 2003, compared to a net income of USD2.4 million or 3 cents per share on revenues of USD15.5 million for the thrid quarter of 2002. Cash flow from operations was USD6.6 million compared to USD5.2 milion for the corresponding quarter of 2002. In the third quarter of 2003 the company produced 43,403 ounces of gold at a cash operating cost of USD152 per ounce.

[Sozzi]

Tuesday, November 18, 2003
DIAGEM INTERNATIONAL RESOURCE CORP.

Diagem International has raised CAD1.45 million to finance the upgrading of capital equipment in order to increase the capacity and consistency of the company`s Brazilian Diamond Mining project in the Juina Diamond Province, Brazil. Further the funds will allow Diagem to participate in a private placement of KWG Resources and will be used for general working capital purposes. Diagem sold 4,142,856 units at 35 cents a unit. Diagem owns 20 properties totaling 130,000 ha in Brazil, in addition to the Joint Venture Property 1000, containing diamondiferous gravels and 8 kimberlite pipes, located within the Juina Diamond Province. Diagem is currently carrying out commercial mining operations under an "experimental mining" permit on the Fazenda Chicoria Diamondiferous Gravel Resource Block No.1.

[Sozzi]

Northgate Exploration Ltd. (DPM besitz mehr als 2,5 Mio Aktien)

Northgate (NA, MKP 546 Mio. A$) meldet für das Juniquartal einen Anstieg der Goldproduktion um 11,7 % auf 69.226 oz und einen Anstieg der Kupferproduktion von 7.800 auf 8.900 t aus der Kemess South Mine. Die Goldproduktion erreicht damit eine Jahresrate von etwa 280.000 oz. Bei Nettoproduktionskosten von 249 $/oz und einem Verkaufspreis von 347 $/oz stieg die Bruttogewinnspanne marginal von 97 auf 98 $/oz an. Der Verlust konnte von 7,2 auf 4,6 Mio. A$ reduziert werden, was jedoch immer noch einem Gegenwert von 45 $/oz entspricht. Northgate macht im aktuellen Quartalsbericht keine Angaben über die Goldreserven. Die Goldressourcen werden mit 11,0 Mio. oz angegeben, was einer Lebensdauer von 39,3 Jahren entspricht. Die Vorwärtsverkäufe belaufen sich auf 350.000 oz und decken einen Produktionszeitraum von 1,3 Jahren ab. Die unrealisierten Verluste aus den Vorwärtsverkäufen liegen bei 18,6 Mio. A$. Am 30.06.03 stand einem Cashbestand von 5,2 Mio. A$ (11,8 Mio. A$) eine gesamte Kreditbelastung von 149,0 Mio. A$ (164,0 Mio. A$) gegenüber.
Beurteilung: Interessant ist Northgate vor allem wegen der umfangreichen Goldressourcen, die Wachstumspotential eröffnen. Negativ sind vor allem die anhaltenden Verluste und die hohe Kreditbelastung. Nach guten Produktionszahlen, die am 14.10.03 veröffentlicht wurden und dem aktuellen Goldpreisanstieg könnte Northgate im Septemberquartal die Gewinnzone erreicht haben. Northgate eignet sich als Spekulation auf einen schnellen Goldpreisanstieg, bleibt aber wegen der geringen Gewinnspanne ein riskantes Investment. Nach den guten Produktionsergebnissen erhöhen wir unser Kursziel auf 3,00 C$. www.goldseiten.de

[Sozzi]

hhhaaaaaaallllllloooooooooo!!!!!!!!!

Was haltet Ihr eigentlich von den Positionen die DPM eingeht ???

[Sozzi]

Monday, November 24, 2003
Northgate Exploration

B.C. Pacific Capital Corporation (“B.C. Pacific”) and
Northgate Exploration Limited (“Northgate”) today announced the completion of the sale by
B.C. Pacific, an operating unit of Brascan Financial Corporation (“Brascan”), of 82,540,071
common shares of Northgate (the “Shares”) to a syndicate of underwriters led by RBC Capital
Markets.
The secondary offering of the Shares at a price of $2.65 cash per share for aggregate gross
proceeds to B.C. Pacific of $218.7 million, pursuant to the terms of an underwriting agreement
among B.C. Pacific, Northgate and the underwriting syndicate, was qualified by a prospectus
filed by Northgate in all the provinces of Canada on November 17, 2003.
Prior to the transaction, B.C. Pacific owned or controlled approximately 41.5% of Northgate’s
outstanding common shares. As a result of the transaction, B.C. Pacific no longer owns any
common shares of Northgate, although it does continue to own warrants to purchase 6,220,803
common shares of Northgate. B.C. Pacific sold the Shares in order to realize a gain on its
investment and to maximize shareholder value for its shareholders. B.C. Pacific has no current
intention to purchase or sell any securities of Northgate.
Northgate also announced today that Sam Pollock, a managing partner of Brascan, has resigned
from its board of directors.
**********
B.C. Pacific Capital Corporation is a British Columbia based merchant bank and investment
corporation providing short-term bridge loans, and management services to corporations
encountering financial difficulties, requiring merger and acquisition advice or operation
evaluations. B.C. Pacific also uses its own capital to invest in undervalued companies primarily
in the natural resource, real estate and financial service areas where management’s initiatives can
enhance longer-term prospects.
Northgate Exploration Limited is a gold and copper mining company focused on operations and
opportunities in North and South America. Northgate’s principal assets are the 290,000-ounce
per year Kemess South mine in north-central British Columbia and the adjacent Kemess North
deposit, which contains an indicated resource of 5.4 million ounces of gold and 2 billion pounds
of copper and is currently the subject of a feasibility study. Northgate is listed on the Toronto
Stock Exchange under the symbol NGX and on the American Stock Exchange under the symbol
NXG.

[Sozzi]

Monday, November 24, 2003
MIRAMAR MINING CORPORATION

Miramar Mining has reported a net loss of CAD5.7 million or 4 cents per share on revenue of CAD11.9 million for the third quarter, compared with net earnings of CAD1.2 million or 1 cent per share on revenue of CAD15.1 million for the third quarter of 2002. Cash flow provided from operations for the quarter was negative CAD4.3 million compared with CAD6.3 million for the corresponding period of 2002. During the quarter, the Con Mine delivered 60,843 tons grading 0.261 ounces of gold per ton, and the Giant Mine delivered 16,527 tons grading 0.385 ounces of gold per ton for processing at the Con mill. Combined, Miramar`s Yellowknife operations shipped 20,773 ounces of gold at a cash cost of USD406 per ounce compared with 31,250 ounces at cash costs of USD233 per ounce in the same period in 2002.

[Sozzi]

Monday, November 24, 2003
ARIANE GOLD CORP.

THIRD QUARTER 2003 FINANCIAL RESULTS
For the third quarter ended September 30, 2003, Ariane Gold Corp. (the “Company” or “Ariane”) showed
a net loss of $937,000 or $0.02 per common share compared to a loss of $582,000 or $0.03 per share in
the corresponding quarter of 2002. As of September 30, 2003, the Company has 44,120,111 common
shares outstanding as compared to 44,032,611 at the end of the third quarter of 2002.
For the year-to-date, the Company earned $328,200 or $0.01 per share compared to a loss of $928,200 for
the same period in 2002.
For the third quarter of 2003, interest income amounted to $70,300 compared to $139,000 in 2002 given
the average cash equivalent available to the Company during the same periods. Interest income amounted
to $276,700 for the year to date compared to $166,500 for the same period in 2002. There were no
services activities in French Guiana in 2003 and none are expected to occur in the future.
For the third quarter of 2003, the Company incurred administrative expenses of $532,500 compared to
$296,100 in 2002, while business development expenses for the identification of new projects and sources
of financing amounted to $256,300 in the same period in 2003 compared to $151,200 in the previous
year. For the year to date, administrative expenses amounted to $1,576,000 compared to $406,200 the
year before, and business development expenses to $498,200 compared to $473,800 for the previous year.
Prior to March 31, 2002, the Company’s activities were limited to local management of projects in French
Guiana.
Interest amounted to $150,400 for the quarter and $400,000 for the year to date in 2003 and included
respectively $150,400 and $375,000 as interest on balance of purchase price for Asarco French Guiana
reflecting the amortization of the discount on its present value for those periods.
Given the current volatility of the Canadian dollar, the Company shows a loss of $65,200 during the
quarter and a gain of $2,533,500 for the year to date, mainly due to the fact that fixed assets and
exploration projects are denominated in euros and the balance of purchase price in US dollars.
Earnings for the quarter and the year to date occurred in French Guiana where the Company’s wholly
owned affiliate benefits from an income tax exemption plan for a term of 10 years. The Company should
be tax exempted until 2006 provided it meets the commitments made to the French Tax Administration.

[JoergderBloede]

!

Dieser Beitrag wurde vom System automatisch gesperrt. Bei Fragen wenden Sie sich bitte an [e-mail]

[Sozzi]

neue Beteiligungen 3. Quartal

American Natural Energy Corporation
Dia Bras Exploration
Full Riches Investment
Werstern Goldfield



nur zur Vollständigkeit :

#3 von Sozzi 30.11.03 22:55:13 Beitrag Nr.: 11.484.173 11484173
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Friday, November 28, 2003
METALLICA RESOURCES INC.
Metallica Resources plans to raise CAD85.14 million via a preliminary prospectus to develop the Cerro San Pedro gold and silver project in Mexico, satisfy debt obligations to Glamis Gold resulting from its acquisition of Glamis`s 50% interest in the Cerro San Pedro project in February, and for general working capital purposes. Metallica will offer 38.7 million units at CAD2.20, with Canaccord Capital as lead agent for a syndicate of agents that includes Griffiths McBurney & Partners, Westwind Partners and Orion Securities. Each unit will consist of one common share and one-half of one common share purchase warrant, with each full common share purchase warrant entitling the holder to purchase an additional share of the company. Shares of Metallica currently trade at CAD2.40 on the Toronto Stock Exchange with 43 million shares currently issued and outstanding. Metallica anticipates construction at the Cerro San Pedro project to begin in the first quarter of 2004 with production commencing by the end of 2004. The gold-silver project is estimated to contain a mineable reserve of 61.1 million tonnes grading 0.59 g/t Au and 24 g/t Ag at a waste-to-ore ratio of 1.2:1. Average annual production for the project is estimated to be approximately 90,400 ounces of gold and 2.1 million ounces of silver, or approximately 120,000 ounces of gold equivalent, over an estimated mine life of approximately 8.5 years.



#4 von Sozzi 01.12.03 19:07:47 Beitrag Nr.: 11.491.452 11491452
Dieses Posting: versenden | melden | drucken | Antwort schreiben DUNDEE PRECIOUS METALS INC.
Toronto, November 28, 2003 - Dundee Precious Metals Inc. (DPM.A, DPM.WT.A-TSX) is pleased to announce that, due to the recent share price performance whereby the Company`s class A shares have traded in excess of the exercise price of the share purchase warrants for a sustained period of time, effective today the Company will report Net Asset Value on both a basic and diluted basis. As at November 28, 2003, the Basic Net Asset Value of the Company is 1.94 per share and the Diluted Net Asset Value is $38.18 per share. Current information will be available on the Company’s website located as www.dundeeprecious.com.
To date more than 400,000 share purchase warrants, which expire on February 20, 2004 and entitle the holder to purchase one class A share of Dundee Precious Metals Inc. at $25.00, have been exercised for net proceeds to the Company in excess of $10 million. As a result, there are 7,303,446 class A shares and 2,084,126 share purchase warrants outstanding as of November 28, 2003.



#5 von Sozzi 01.12.03 19:43:50 Beitrag Nr.: 11.491.770 11491770
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Ariane Gold Corporation (DPM besitzt mehr als 3 Mio Aktien)
Cambior (DPM besitzt mehr als 7 Mio Aktien)
Cambior (NA, MKP 954 Mio. A$) meldet für das Septemberquartal eine Goldproduktion von 124.000 oz, was einer Jahresrate von etwa 500.000 oz entspricht. Damit liegt die Produktionsrate unter dem Produktionsziel von 522.000 oz für 2003. Die wichtigste Produktionsstätte blieb die Omai Mine in Guyana mit einer Produktion von 62.200 oz bei Nettoproduktionskosten von 213 $/oz. In der kanadischen Doyon Mine erreichte die Produktion 53.000 oz bei Nettoproduktionskosten von 267 $/oz. Bei Nettoproduktionskosten von 238 $/oz und einem Verkaufspreis von 341 $/oz stieg die Bruttogewinnspanne auf 103 $/oz an. Der Gewinn erreichte marginale 1,0 Mio. A$. Auf der Basis einer jährlichen Produktion von 500.000 oz beträgt die Lebensdauer der Reserven 8,4 Jahre und die Lebensdauer der Ressourcen 16,2 Jahre. In das Rosebel Projekt in Surinam hat Cambior mittlerweile 95,5 Mio. A$ investiert. Ab dem Märzquartal 2004 ist eine jährliche Produktion von 220.000 oz über einen Zeitraum von 8 Jahren vorgesehen, wobei die Nettoproduktionskosten bei 187 $/oz liegen sollen. Die Vorwärtsverkäufe wurden auf 0,8 Mio. oz reduziert, was einen Produktionszeitraum von 1,6 Jahren abdeckt. Die Vorwärtsverkäufe sollen bis Ende 2004 vollständig abgebaut worden sein. Cambior macht keine Angaben über die Höhe der unrealisierten Verluste aus den Vorwärtsverkäufen, die etwa bei 100 Mio. A$ liegen dürften. Nach einer Kapitalerhöhung über 104,5 Mio. A$ stieg der Cashbestand zum 30.09.03 auf 101,4 Mio. A$. Cambior macht keine Angaben über die gesamte Kreditbelastung. Am 26.09.03 meldete Cambior die Absicht einer Fusion mit Ariane Gold (NA). Jeweils 2,91 Ariane Aktien sollen in 1 Cambior Aktie getauscht werden. Ariane Gold plant in einem Projekt in Französisch Guyana eine jährliche Goldproduktion von 96.000 oz über einen Zeitraum von 10 Jahren.



#6 von Sozzi 01.12.03 19:45:44 Beitrag Nr.: 11.491.792 11491792
Dieses Posting: versenden | melden | drucken | Antwort schreiben DUNDEE PRECIOUS METALS INC.
Rio Narcea (NA, MKP 379 Mio. A$) meldet für das Juniquartal aus der spanischen El Valle Mine eine Goldproduktion von 42.196 oz, was einer Jahresrate von etwa 170.000 oz entspricht. Bei Nettoproduktionskosten von 127 $/oz und einem Verkaufspreis von 331 $/oz erreichte die Bruttogewinnspanne 204 $/oz. Wegen hoher Abschreibungen, Verwaltungsausgaben, und Explorationsaufwendungen konnte Rio Narcea trotz der hohen Gewinnspanne keinen Gewinn erzielen und verzeichnete einen marginalen Verlust von 0,4 Mio. A$ oder 8 $/oz. Auf der Basis einer jährlichen Produktion von 170.000 oz beträgt die Lebensdauer der Reserven 2,4 Jahre und die Lebensdauer der Ressourcen 10,0 Jahre. Neben der El Valle Mine entwickelt Rio Narcea das Aguablanca Nickelprojekt. Im Aguablanca Nickelprojekt wird eine jährliche Produktion von 8.000 t Nickel, 5.000 t Kupfer und 20.000 oz Platingruppenmetalle angestrebt. Aus einer Nickelreserve von 104.000 t errechnet sich eine Lebensdauer der Reserven von 13,0 Jahren. Der Produktionsbeginn wird zum Ende des Märzquartals 2004 erwartet. Rio Narcea macht keine aktuellen Angaben über die Höhe der Vorwärtsverkäufe, die am 31.12.02 noch bei 125.000 oz lagen. Einem Cashbestand von 33,4 Mio. A$ stand am 30.06.03 eine gesamte Kreditbelastung von 45,5 Mio. A$ gegenüber.
Beurteilung: Rio Narcea profitiert derzeit von der Hausse im Nickelbereich, enttäuscht aber mit den Ergebnissen aus der Goldproduktion. Problematisch ist vor allem die mangelnde Gewinnfähigkeit und die kurze Lebensdauer der Reserven. Nach dem Aktienkursanstieg über unser Kursziel von 3,00 C$ stellen wir Rio Narcea zum Verkauf. Wegen der verbesserten Lage im Nickelbereich erhöhen wir unser Kauflimit für Rückkäufe von 2,20 auf 2,50 C$ und unser Kursziel von 3,00 auf 3,50 C$. (06.11.03)
www.goldseiten.de



#7 von Sozzi 01.12.03 19:49:21 Beitrag Nr.: 11.491.835 11491835
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Gabriel Resources Ltd. (NA, MKP 535 Mio. A$) meldet für das Juniquartal zögerliche Fortschritte in der Erschließung des rumänischen Rosia Montana Projekts, an dem Gabriel einen Anteil von 80 % hält. Mittlerweile konnte Gabriel 30 % der Grundstücke aufkaufen, auf denen die Mine erstellt werden soll. Eine Umweltstudie wird derzeit von rumänischen Experten erarbeitet. Das archäologische Programm konnte für die Übertagemine bereits abgeschlossen werden und wird mit 150 rumänischen und internationalen Archäologen für die Untertagemine fortgesetzt. Die aktuellen Planungen sehen den Beginn für die Erstellung der Verarbeitungsanlagen für Ende 2004 vor, so daß die Produktion möglicherweise noch 2006 beginnen kann. Gabriel weist aber darauf hin, daß weitere Verzögerungen zu erwarten sind. Ursprünglich war der Produktionsbeginn für Anfang 2005 vorgesehen. Im Rosia Montana Projekt konnten bislang Goldreserven von 8,3 Mio. oz (Gabriel Anteil) und Goldressourcen von 10,4 Mio. oz (Gabriel Anteil) nachgewiesen werden. Zusätzlich liegt in dem Projekt eine Reserve von 40 Mio. oz Silber vor. Die Durchführbarkeitsstudie sieht eine jährliche Produktion von 400.000 oz (Gabriel Anteil) über einen Zeitraum von 16 Jahren vor. Dabei werden die Nettoproduktionskosten auf 113 $/oz geschätzt. Innerhalb der ersten 5 Jahre soll die jährliche Produktion 485.000 oz erreichen, wobei die Nettoproduktionskosten bei 88 $/oz liegen sollen. Sollte Gabriel eine Bruttogewinnspanne von 100 A$/oz erzielen, würde sich ein aktuelles KGV von 13,9 errechnen. Da die Goldressourcen alleine im Geschäftsjahr 2001 von 6,4 auf 10,4 Mio. oz (jeweils Gabriel Anteil) erweitert werden konnten, sind weitere umfangreiche Vorkommen sehr wahrscheinlich. Am 08.09.03 konnte Gabriel eine Kapitalerhöhung über 48,1 Mio. A$ erfolgreich abschließen. Im aktuellen Quartalsbericht werden keinerlei Angaben über die finanzielle Situation veröffentlicht.
Beurteilung: Könnte Gabriel die Planungen umsetzen, würde das KGV in den Bereich von 6 bis 8 zurückfallen. Die Möglichkeit, daß das Projekt durch die Aktivitäten von Umweltschutzgruppen ganz gestoppt wird, ist gesunken, aber immer noch vorhanden. Positiv ist die erfolgreiche Kapitalerhöhung. (11.11.03) www.goldseiten.de



#8 von Sozzi 01.12.03 19:53:02 Beitrag Nr.: 11.491.883 11491883
Dieses Posting: versenden | melden | drucken | Antwort schreiben DUNDEE PRECIOUS METALS INC.
Cumberland Resources (NA, MKP 295 Mio. A$) meldet für das Juniquartal den Beginn eines Bohrprogramms über 11,5 Mio. A$ im kanadischen Meadowbank Projekt und erhofft sich dadurch eine erhebliche Ausweitung der Ressourcen. Bislang konnte in dem Projekt eine Ressource über 3,5 Mio. oz nachgewiesen werden. Eine vorläufige Projektstudie, die im Mai 2003 fertiggestellt wurde, beinhaltet einen Abbauplan über 3,0 Mio. oz in 3 Lagerstätten mit Goldgehalten zwischen 3,5 und 6,7 g/t. Mit einer Kapitalerhöhung konnten im Juni 37,7 Mio. A$ aufgenommen werden. Cumberland will noch im Geschäftsjahr 2003 eine Durchführbarkeitsstudie für das Projekt erstellen und erhofft sich, eine Goldreserve von über 1,0 Mio. oz ausweisen zu können. Das langfristige Ziel ist die jährliche Produktion von 250.000 oz bei Nettoproduktionskosten von 168 $/oz ab 2007. Cumberland ist nicht durch Vorwärtsverkäufe belastet. Einem Cashbestand von 15,2 Mio. A$ stand am 30.09.02 eine gesamte Kreditbelastung von 1,8 Mio. A$ gegenüber.
Beurteilung: Mit der Aussicht auf eine jährliche Produktion von 250.000 oz bietet Cumberland eine interessante Perspektive. Negativ sind jedoch die lange Vorlaufzeit des Projektes und die nötigen Finanzierungen, die das Aktienkapital verwässern werden. Nachdem das Kursziel von 5,00 C$ überschritten wurde, stellen wir Cumberland zum Verkauf. (07.11.03) www.goldseiten.de



#9 von Sozzi 01.12.03 20:28:23 Beitrag Nr.: 11.492.206 11492206
Dieses Posting: versenden | melden | drucken | Antwort schreiben DUNDEE PRECIOUS METALS INC.
Monday, December 01, 2003
Eldorado Gold Corporation announced that it has acquired 2,500,000 units (“Units”) of Fury
Explorations Ltd. (“Fury”) at $0.62 per Unit from Fury pursuant to a private placement.
Each Unit consists of one Common Share and one common share purchase warrant
(“Warrant”) of Fury. The Warrants are exercisable at a price of $0.80 per Warrant until
November 28, 2004. Prior to the acquisition, Eldorado did not own or control any shares
of Fury. The total number of Common Shares of Fury now owned by Eldorado is
2,500,000, which represents 29.83% of the outstanding Common Shares of Fury (45.96%
assuming conversion of the Warrants).
The Common Shares of Fury have been purchased and are presently being held by
Eldorado for investment purposes. In the future, Eldorado may acquire additional
Common Shares of Fury or dispose of the such Common Shares subject to a number of
factors, including general market and economic conditions and other investment and
business opportunities available to it.
Eldorado is a gold producing and exploration company with gold assets in Brazil and
Turkey; two countries that we believe have substantial geological potential. With our
international expertise in mining, finance and project development, together with highly
skilled and dedicated staff, we believe that Eldorado is well positioned to grow in value as
we create and pursue new opportunities.



#10 von Sozzi 02.12.03 17:27:45 Beitrag Nr.: 11.501.165 11501165
Dieses Posting: versenden | melden | drucken | Antwort schreiben DUNDEE PRECIOUS METALS INC.
December 1, 2003
Verena Minerals Corporation announces that
it has closed private placement of 12,333,988 units at $0.15 a unit for gross proceeds of
$1,850,098.45 to the Company. Each unit is comprised of one common share and ½ of one share
purchase warrant, each whole warrant being exercisable for an additional share for up to eighteen
months at an exercise price of $0.20. The placement was brokered by Dominick & Dominick
Securities Inc., for a commission of 6% paid in cash and broker warrants over units in an amount
equal to 6% of the offering, exercisable at $0.15 for 12 months, on a portion of the placement.
The securities issued under the private placement are subject to a 4 month resale restriction.
The Company also announces it has issued a further 1,718,000 common shares and 778,333
share purchase warrants as consideration for the conversion of $257,700 of debt. The warrants
are also exercisable for an additional share for up to eighteen months at an exercise price of
$0.20. All of these securities are subject to a 4 month resale restriction.
In addition, the Company also announces that the remaining part of its convertible debenture has
been paid.
Toronto based Verena Minerals Corporation, is focussed on the exploration and development of
gold projects in Brazil. Through its wholly owned Brazilian subsidiaries, the Company controls
over 100,000 hectares of prospective exploration concessions covering major mineralised belts in
Goiás, Minas Gerais, Rio Grande do Norte, Para and Tocantins states. Verena currently has
issued and outstanding 50,974,436 common shares.



#11 von Sozzi 04.12.03 00:26:31 Beitrag Nr.: 11.516.452 11516452
Dieses Posting: versenden | melden | drucken | Antwort schreiben DUNDEE PRECIOUS METALS INC.
WOLFDEN RESOURCES INC. is pleased to announce that exchange approval
has been received relating to the previously announced agreement with KINROSS GOLD
CORPORATION (TSX:K, NYSE:KGC) whereby Wolfden will acquire a 100% interest in the
Ulu Gold Property located in Nunavut, Canada. For this acquisition, Wolfden will pay to
Kinross USD$2 Million and 2 Million Units of Wolfden. Each Unit consists of one Common
Share and one-half share purchase warrant – each full purchase warrant will entitle Kinross to
acquire an additional Common Share of Wolfden at an exercise price of $5.80, exercisable for 18
months following closing. In addition, Wolfden will purchase mining equipment from Kinross
for CDN$1.127 Million.



#12 von Tsuba 04.12.03 11:04:45 Beitrag Nr.: 11.518.861 11518861
Dieses Posting: versenden | melden | drucken | Antwort schreiben DUNDEE PRECIOUS METALS INC.
Übermäßig viel scheint DUNDEE nicht
von GM´s zu verstehen, wenn ich
die Kurse der letzten 3 Monate
anschaue.
Zwar steigend, aber viel zu wenig.
Haben die soviele GM´s im Portefolio,
daß sie den Wald vor lauter Bäumen
nicht mehr sehen?
Gruss
Tsuba



#13 von Sozzi 04.12.03 20:39:46 Beitrag Nr.: 11.525.158 11525158
Dieses Posting: versenden | melden | drucken | Antwort schreiben DUNDEE PRECIOUS METALS INC.
@tsuba,
wer langsam steigt fällt auch nicht so stark , z.B. bei manipulierten schmerzhaften Korrekturen...



#14 von Sozzi 06.12.03 13:24:25 Beitrag Nr.: 11.539.011 11539011
Dieses Posting: versenden | melden | drucken | Antwort schreiben DUNDEE PRECIOUS METALS INC.
@tsuba,
haste dir schon mal den Net Asset Value von DPM angeschaut ? Allein dort müsste der Kurs nochmal ca. 20 % zulegen...



#15 von Sozzi 09.12.03 21:42:46 Beitrag Nr.: 11.561.703 11561703
Dieses Posting: versenden | melden | drucken | Antwort schreiben DUNDEE PRECIOUS METALS INC.
Top Ten Holdings at November 30, 2003
Name Shares (Total%)

Miramar Mining Corporation Common Shares 14,381,145 (15.2)

Cambior Inc. Common Shares 7,264,700 (11.3)

Major Drilling Group Intrenational Common Shares 2,200,000 (7.7)

FNX Mining Company Inc. Common Shares 2,425,000 (6.5)

Gabriel Resources Ltd. Common Shares 3,830,000 (6.0)

Pacific Rim Mining Corporation Common Shares 7,827,258 (4.6)

Tahera Corporation Common Shares 31,138,806
Warrants 3,800,000
Convertible Debenture 2,817,000 (4.6)

Wolfden Resources Inc. Common Shares 1,325,000 (3.2)


Eldorado Gold Corporation Common Shares 2,067,109 (3.2)

Apollo Gold Corporation Common Shares 2,500,000
Purchase Warrants 625,000 (2.8)



#16 von Sozzi 10.12.03 21:52:23 Beitrag Nr.: 11.571.186 11571186
Dieses Posting: versenden | melden | drucken | Antwort schreiben DUNDEE PRECIOUS METALS INC.
Titanium Corporation to Build World’s First
Mineral Sand Processing Facility in Saskatchewan
New pilot plant a major step toward making Canada the world’s premier centre
of commercial titanium, zircon production
Regina, Sask., December 10, 2003 - Titanium Corporation Inc. today announced it is investing $5 million to build and operate the world’s first mineral
sand processing facility at the Regina Research Park in Saskatchewan. The pilot plant
will demonstrate Titanium Corporation’s proprietary technology to produce high-grade
titanium bearing minerals and zircon from Syncrude Canada’s centrifuge plant tailings in
Fort McMurray, Alberta.



PS: @tsuba,
siehste, in den " Korrekturphasen" korrigiert DPM nicht nach unten...
#17 von Sozzi 13.12.03 14:13:08 Beitrag Nr.: 11.592.068 11592068
Dieses Posting: versenden | melden | drucken | Antwort schreiben DUNDEE PRECIOUS METALS INC.
zu #3
Thursday, December 11, 2003
METALLICA RESOURCES INC.
Metallica Resources has raised CAD85.14 million to develop the Cerro San Pedro gold and silver project in Mexico, satisfy debt obligations to Glamis Gold resulting from its acquisition of Glamis`s 50% interest in the Cerro San Pedro project in February, and for general working capital purposes. Metallica issued 38.7 million units at CAD2.20 a unit, with Canaccord Capital as lead agent and including GMP Securities, Orion Securities and Westwind Partners. Metallica anticipates construction at the Cerro San Pedro project to begin in the first quarter of 2004 with production commencing by the end of 2004. The gold-silver project is estimated to contain a mineable reserve of 61.1 million tonnes grading 0.59 g/t Au and 24 g/t Ag at a waste-to-ore ratio of 1.2:1. Average annual production for the project is estimated to be approximately 90,400 ounces of gold and 2.1 million ounces of silver, or approximately 120,000 ounces of gold equivalent, over an estimated mine life of approximately 8.5 years.



#18 von Sozzi 13.12.03 14:14:35 Beitrag Nr.: 11.592.074 11592074
Dieses Posting: versenden | melden | drucken | Antwort schreiben DUNDEE PRECIOUS METALS INC.
Thursday, December 11, 2003
MIRAMAR MINING CORPORATION
Miramar Mining has raised CAD19.7 million to continue the exploration of the Hope Bay belt and for expenditures on the George and Goose Lake properties in Nunavut. Miramar issued 4,151,574 flow-through common shares and 1.5 million units for gross proceeds of CAD19,728,245. Miramar has the option to earn a 60% interest in the large George and Goose Lake projects in Nunavut from Kinross Gold for expenditures of CAD25 million. Last month, Miramar announced that surface exploration at the Hope Bay project had located new gold and base metal showings in under explored regions of the Hope Bay belt. Resources for Goose Lake / George Lake, which encompass approximately 390 sq km of mineral rights located 520 km northeast of Yellowknife, and approximately 165 km southwest of Miramar`s Hope Bay project, were estimated by Watts Griffis and McOuat last year, at a 5 g/t Au cut-off, as 4.37 million tonnes at 9.8 g/t Au indicated and 1.88 million tonnes at 9.9 g/t Au Inferred.



#19 von Sozzi 13.12.03 14:15:30 Beitrag Nr.: 11.592.077 11592077
Dieses Posting: versenden | melden | drucken | Antwort schreiben DUNDEE PRECIOUS METALS INC.
Wednesday, December 10, 2003
FNX MINING COMPANY
FNX have exercised the option-to-purchase agreement with Inco and have acquired a 100% interest in the mineral rights to the McCreedy West, Levack, Norman, Victoria and Kirkwood properties. The Sudbury JV also has access to, and use of, such part of the surface rights and facilities on the properties as required to permit exploration, development and mining operations, subject to certain conditions as Inco may reasonably require. In order to exercise the option granted under the agreement, the Sudbury JV was required to incur exploration and development expenditures totaling CAD30 million on the properties over a 52-month period, commencing January 10, 2002. The Sudbury JV`s exploration expenditures totaled CAD15.2 million in 2002 and are expected to total approximately CAD24.5 million in 2003.



#20 von Sozzi 13.12.03 14:16:23 Beitrag Nr.: 11.592.082 11592082
Dieses Posting: versenden | melden | drucken | Antwort schreiben DUNDEE PRECIOUS METALS INC.
Wednesday, December 10, 2003
MCWATTERS MINING INC.
Richmont Mines has concluded a transaction with McWatters Mining whereby Richmont acquired from McWatters the East Amphi Property and the Fourax Property, located near Malartic in northwestern Quebec, for a cash consideration paid on closing of CAD7 million. McWatters is to complete a CAD6 million exploration program on the East Amphi Property by December 31, 2004, which will also constitute additional consideration for Richmont Mines under the agreement. Richmont Mines, on behalf of McWatters, will manage the exploration work. McWatters will be entitled to receive a 2% NSR royalty, applicable after 300,000 ounces of gold is produced from the East Amphi and Fourax properties. Richmont Mines has the option to purchase the 2% royalty for CAD1.5 million at any time after the start of production.

[Sozzi]

Tuesday, December 23, 2003
METALLIC VENTURES GOLD INC.

Metallic Ventures has announced that continued underground core drilling along the strike of the Prospectus and Martinez vein systems on its Esmeralda Property in Nevada has intercepted high grade gold and silver mineralization that adds to the overall resource total for the project. Exploration drilling from the surface has intersected ore grade gold in a vein to the west of the main Prospectus vein that may represent the faulted down dip extension of the Prospectus vein or a new parallel vein that does not crop out at the surface. Assay results from underground fan core drilling on 15 m centers continue to enhance the continuity and grade on the Prospectus vein system. Of particular interest is core hole Pug-51 intersecting 11.5 feet grading 3.31 opt Au (113.52 g/t) and 7.8 opt Ag (266.4 g/t) including 1.5 feet grading 6.40 opt Au (219.56 g/t) and 12.5 opt Ag (430.0 g/t). Surface RC drill hole PRC-03-06 intercepted 45 feet grading 0.14 opt Au (4.77 gpt) and 1.01 opt Ag (34.6 g/t) including 10 feet grading 0.32 opt Au (11.11 g/t) and 1.2 opt Ag (41.7 g/t) 260 feet west of the known Prospectus vein. Excellent progress has been made towards mill and tailings dam refurbishment and mine development for an early 2004 production start up.

[Sozzi]

Tuesday, December 23, 2003
EUROPEAN GOLDFIELDS LTD.

European Goldfields has raised CAD19.5 million in a private placement of convertible loans to acquire, develop and exploit interests in the Stratoni mine, the Olympias mine, and the Skouries mine and related assets, currently owned by Canadian gold miner Kinross Gold. The notes will become due and payable on March 31, 2004, unless European Goldfields completes an acquisition of mineral exploration and mining assets in Greece, whereupon they will convert into shares of the company at CAD2.35 a share. In January, TVX Hellas, now a subsidiary of Kinross Gold, declared force majeure at its Stratoni base metal facility in Greece. This followed from an instruction from the Greek Ministry of Development that mining in selected areas be interrupted until the Greek Government completes certain actions specified by the Greek Conseil d`Etat. Kinross has since been working with the Greek government and potential investors to determine whether this mine can be reopened under a revised ownership structure in which Kinross will hold a minority interest. Kinross also proposes to do the same with the Olympias and Skouries gold projects. Kinross is currently seeking to place TVX Hellas, which holds all of its Greek properties into bankruptcy.

[Sozzi]

Q3- Bericht DPM

Aktie cost value

Kanada

Altius Minerals Corporation 168 412
American Bonanza Gold Mining Corporation 550 1,577
", Warrants 10/2004 0 953
American Natural Energy Corporation 42 81
Anatolia Minerals 618 1,543
Apollo Gold Corporation 3,168 5,525
", Warrants 03/2004 0 62
Argosy Minerals 2,002 101
Ariane Gold Corporation 2,234 4,626
Atikwa Minerals Limited, Special Warrants 140 196
Bolivar Gold Corp. 1,650 6,169
", Warrants 04/2004 0 872
", Warrants 03/2008 0 1,450
Cambior 5,649 29,349
Campell Res. Inc. 960 1,488
Canadian Royalities Inc. 455 448
Cumberland Resources 1,405 2,450
Dia Bras Exploration 150 1,800
", Warrants 09/2005 0 1,588
Diagem International Res. 2,111 4,007
Dumont Nickel 775 1,986
", Warrants 10/2005 0 412
Eastmain Resources Inc. 750 1,400
Eldorado Gold Corporation 1,048 9,157
European Goldfields Ltd. 837 1,141
FNX Mining Company 970 21,219
Full Riches Investment, Special Warrants 300 300
Gabriel Resources Ltd. 5,923 15,398
GlobeStar Mining Corp. 1,150 1,710
Golden Queen Mining 3,695 3,131
Greystar Resources 1,600 3,300
Hedman Resources Ltd. 500 312
", Warrants 06/2004 0 16
Manhattan Minerals Corporation 1,810 2,477
", Restriced 0 46
", Warrants 10/2005 0 1,024
", Units 900 1,123
Major Drilling Group 7,737 22,000
McWatters Mining 2,020 568
",Warrants 06/2004 0 63
Metallic Ventures 1,669 6,103
Metallica Resources 1,260 1,701
Miramar Mining Corporation 23,271 39,548
Nichromet Extractions Inc. 205 205
Northern Orion Resources 1,848 4,312
", Warrants 05/2008 154 1,070
Northgate Exploration Ltd. 4,838 7,475
", Warrants 12/2006 0 79
", Warrants Special 538 708
Opti Canada 1,885 1,885
Pacific Rim Corporation 7,859 7,984
Pele Mountain Resources Inc. 250 625
", Warrants 06/2004 0 125
Ranchgate Oil & Gas, Warrants 350 401
South Atlantic Ventures Ltd. 1,200 3,240
", Warrants 12/2004 0 945
Stratic Energy Corp., Apecial Warrants 0 9
Tahera Corporation 4,056 5,916
", Warrants 08/2004 0 190
", Options 06/2004 0 290
", Warrants 08/2004 Convertible 2,817 4,282
Titanium Corporation 2,739 3,360
", Escrow 492 894
Twin Mining Corporation 468 296
Verena Minerals Corporation 896 318
Western Canadian Coal Corp. 549 520
", Warrants 11/2004 1 25
Western Goldfield Inc. 657 1,649
Wolfden Resources 2,573 9,089

Australien

Revesco Group Ltd. 316 554
", Warrants 11/2011 117 453
Red Back Mining NL 963 1,754

Südamerika

Buenaventura 1,037 11,465

Sonstige Investments

Bulgarienprojekt 28,112 28,112

[Sozzi]

Info zu DPM´s nicht-börsennotierter Beteiligung NICHROMET EXTRACTION INC.



NICHROMET EXTRACTION INC. has developed and is promoting a new technology based on chloridation for the recovery of precious and base metals. Inco has recently announced the use of a chloride based process for the treatment of Voisey Bay concentrate. (Ref.: www.inco.com). Over the last three years, Nichromet has tested the performance of its process on 25 different deposits. Nichromet’s focus is on the extraction of precious metals from poly-metallic deposits where the mining industry has traditionally experienced low recoveries (50-60%). Recovery using the Nichromet process in such deposits has exceeded 90% in both precious and base metals.

Nichromet has licensed its technology to Dia Bras Exploration Inc. for the state of Mexico.
Nichromet and its principal shareholders, Northbrock Capital Inc. (Richard J. Renaud), Dundee Precious Metals Inc., Seed Capital Inc. (Pierre R. Gauthier) and Inotel Inc. (Dr. Jean-Marc Lalancette) (Ref. attached) have control over 25% of the issued and outstanding shares of Dia Bras Exploration Inc.

§ Who is Nichromet Extraction Inc.?

Nichromet is a private company based in Montreal, Canada. It has been formed pursuant to the provisions of the Canada Business Corporations Act in 1998 for the development and exploitation of metallurgical processes based on chloridation for the extraction of base and precious metals. The company will proceed by either direct operation or by licensing to interested parties involved in mining operations related to refractory ores. The chloridation approach proprietary to Nichromet has been developed by Dr. Jean-Marc Lalancette Ph D., a geochemist.

§ Who are the shareholders of Nichromet Extraction Inc.?

The company currently has six shareholders who have from time to time funded the company as required. The principal shareholders are Northbrock Capital Inc. (Richard J. Renaud), Dundee Precious Metals Inc., Seed Capital Inc. (Pierre R. Gauthier) and Inotel Inc. (Dr. Jean-Marc Lalancette). Northbrock Capital Inc. and Dundee Precious Metals Inc. provide the company with the ability to raise significant amounts of capital for projects of interest.

Richard J. Renaud, the controlling shareholder of Northbrock Capital Inc., is an experienced venture capitalist who has spent more than 25 years in the private and public equity markets. He was one of the founding partners and promoters of the CMP Mineral Exploration Fund which was the leading resource financier in Canada from 1985 to 1982. During this period the various CMP Resource Partnerships raised in excess of CDN$1.25 B in the public markets and financed hundreds of companies in mining and oil and gas exploration and development. In addition, Mr. Renaud has been involved in numerous restructurings and asset purchases, both in and outside of the natural resource sector. Mr. Renaud is currently Chairman and Managing Partner of Wynnchurch Capital Partners, a private equity fund with capital in excess of US$163 M. (Ref.: www.wynnchurch.com)

Dundee Precious Metals Inc. is a closed end fund managed by Dynamic Mutual Funds Limited which is a unit of Dundee Bancorp Inc. Dundee Bancorp is a publicly traded holding company based in Canada holding assets relating to wealth management, financial services and real estate. Dynamic Mutual Funds and its related divisions manage approximately $8.6 billion in assets. Dundee Securities and its sister companies administer approximately $8.7 billion in client assets. In addition to the above Dundee Bancorp for its own account also acts as a merchant bank. For your information, a copy of the Dundee Bancorp Inc. 2002 Annual Report is enclosed. (Ref.: www.dundeebancorp.com)

§ Who is Dr. Jean-Marc Lalancette?

Dr. Jean-Marc Lalancette is a geochemist operating in the area of mineral extraction and environmental chemistry for more than 30 years. He is a professor Emeritus of the University of Sherbrooke and the author of more than 40 patents related to mineral chemistry and problem solving in environmental science. His contributions have been acknowledged by several awards, including the Manning Award in 1985 for the development of a safer form of asbestos. He is currently acting as Vice-President, research and development for Nichromet. (Ref.: www.inotel.com)

§ What is the Nichromet technology?

Some minerals containing precious metals such as gold and silver as well as base metals (copper, zinc, lead, etc.) cannot always be treated efficiently by standard metallurgical techniques for the economical recovery of all contained metals. Some of these ores are said to be refractory. Nichromet has examined this question and found that such ores could be processed quite efficiently by chloridation instead of the classical cyanidation process. The treatment is done by contacting a slurry of refractory ore in a concentrated solution of common salt (NaCl). When a very small amount of chlorine already in solution is added to the slurry, both precious and base metals are dissolved. The ore thus deprived of metallic components is filtered out and the remaining solution is contacted with carbon which recovers the gold and silver. The base metals (copper, zinc, lead, etc.) are then collected by standard methods (precipitation, solvent extraction or electrolysis) and the remaining salt solution is recycled for further use. The electrolysis of a small portion of the salt solution supplies the required chlorine for extracting metals and caustic (NaOH) for precipitation of base metals.

§ What are the economics of the Nichromet technology?

The Nichromet process is very fast requiring 1 to 3 hours of contact time compared to 2 or 3 days for standard cyanidation. Therefore, for a given throughput the size of the equipment as well as the capital costs are much reduced. The technology operates on the basis of a closed loop. The salt solution (brine) is constantly recycled. The treatment is done at atmospheric pressure and at a temperature of 40 to 50ºC. The energy consumption is limited to mechanical energy (pumping, agitating and filtering) and electrical power for chlorine production. The cost for gold extraction is in the order of US$2 to 4 per ton of ore for a milled starting ore or tailing containing 3 to 6 grams per ton of gold. The recovery of base metals in the order of 90 to 95% can be accomplished either by precipitation with the caustic, giving a mixture of oxides or by electrolysis to obtain the pure metal, such as pure copper. This approach eliminates the use of a smelter

§ What are the environmental benefits of the technology?

The Nichromet system is an environmentally friendly process as it is a closed loop system using a salt solution. The salt can be eliminated from the solids by simple rinsing and the resulting salt in solution is recovered by atmospheric evaporation. Contrary to the cyanide process, not only the gold and silver are recovered but also the base metals such as copper and zinc. Therefore, the tailings will be devoid of any significant content of base metals which can generate toxic lixiviates. It is a characteristic of the Nichromet technology to oxidize the sulfur in the starting ore and to stabilize this sulfur by the formation of calcium sulfate, an extremely stable, insoluble and inert substance, acceptable for the environment. This operation is not a roasting but a low temperature oxidation conducted in such a way as to prevent the sintering of the ore and the release of sulfur oxides in the atmosphere. This operation, calling for the use of calcium carbonate as a source of calcium is conducted within the very stringent rulings of the EPA and involves a very well proven technology currently practiced at a large scale by smelters and power utilities in the United States and Canada.

With the Nichromet approach the acid drainage problem resulting from the presence of sulfides in the tailings is solved once and for all by removing this troublesome element and transforming it into calcium sulfate. The tailings resulting from the Nichromet treatment are sulfide free (less than 0.5%). This is not the case with bio-oxidation or cyanidation where a significant amount of sulfur remains in the tailings along with some base metals, which is the cause of toxic lixiviate generation, a serious environmental liability.



Nichromet Extraction Inc.

[Sozzi]

DPM Top Ten Holdings at December 31, 2003


Miramar Mining Corporation Common Shares 14,381,145

Cambior Inc. Common Shares 8,408,182

Major Drilling Group Intrenational Common Shares 2,200,000

FNX Mining Company Inc. Common Shares 2,425,000

Gabriel Resources Ltd. Common Shares 3,830,300

Tahera Corporation Common Shares 31,566,642
Warrants 3,800,000
Convertible Debenture 2,817,000

Pacific Rim Mining Corporation Common Shares 7,827,258

Bolivar Gold Corporation Common Shares 2,937,500
Warrants 1,000,000
Purchase Warrants 468,750

Eldorado Gold Corporation Common Shares 2,067,109

Apollo Gold Corporation Common Shares 2,500,000
Purchase Warrants 625,000

[Sozzi]

Monday, January 05, 2004
ANATOLIA MINERALS

Anatolia Minerals has increased its interest in the Çöpler gold deposit to 100% by acquiring interests from Rio Tinto Mining & Exploration and from the original license owner, free of any royalties, earn-in rights or back-in rights. Rio Tinto will give up all rights to Çöpler and the surrounding area in exchange for 4 million common shares of Anatolia. Following this transaction, Rio Tinto will own 5.7 million shares, or approximately 15% of Anatolia`s issued and outstanding shares. In addition, Rio Tinto will provide Anatolia with a comprehensive scoping study with preliminary economics for Çöpler in January 2004. The inferred resource at Çöpler was estimated at 44 million tonnes grading 2.9 g/t (4.2 million contained ounces of gold) in March 2003. The shallow leachable portion of that resource is Anatolia`s initial focus.

[Sozzi]

...wenn ich so mir die Kupfer- und Nickelpreise anschaue muss ich nochmal auf FNX Mining aufmerksam machen...

...DPM besitzt übrigends knapp 2,5 Mio Aktien der gut 12 Mio´s ausstehenden Shares...die Performance von bisher 2000 (zweitausend !) Prozent ist doch nicht schlecht, oder ?

In Canada’s prolific Sudbury Basin, FNX Mining Company is conducting one of the world’s largest exploration programs. In 2001, FNX was the successful bidder on five of Inco’s former copper-nickel-platinum-palladiumgold producing properties. FNX’s unique operating model minimizes risk by exploring in a well established mining camp with existing surface and underground infrastructure and processing the ore offsite at third party facilities.
During 2002, FNX has grown from a one employee to a 36 employee organization, raised nearly $40 million in equity financing and has increased its market capitalization by $250 million. FNX is poised to begin commercial production in 2003 and achieve its objective of becoming the next mid-tier Canadian mining company.

[Sozzi]

JANUARY 5, 2004
Pele Mountain Resources

TORONTO, ONTARIO--Pele Mountain Resources Inc. (TSX Venture:GEM) ("Pele" or the "Company") is pleased to announce that drilling has begun at its 100% owned Attawapiskat River Diamond Project to test targets identified in the on-going ground geophysics program announced by Pele on October 30 and December 5, 2003. The drill currently in use is a lightweight, mobile drill that has been equipped to recover BQ size core samples of bedrock that can be readily examined to determine whether or not the drill target is kimberlite. This direct approach to acquisition of bedrock samples will provide the opportunity to test a number of targets prior to spring breakup. Drilling of magnetic geophysical targets is an established method for the discovery of the known kimberlite pipes in the Attawapiskat cluster. Pele`s current exploration program is designed to drill-test shallow ground magnetic anomalies within or adjacent to primary structures that appear to have controlled the emplacement of the diamondiferous kimberlites. A total of 70 line kilometers of grid has been cut to date straddling the extension of important structures related to the diamond bearing kimberlite pipes along strike and within a few kilometers of De Beers` Victor and Tango kimberlite pipes. Pele`s detailed ground magnetic survey has already identified a range of magnetic targets including relatively strong magnetic anomalies (similar in magnetic strength to known kimberlites in the cluster) and more subtle and weaker magnetic signatures (which may potentially be related to variably altered crater facies kimberlite). At least 18 diamond-bearing kimberlites have already been discovered in the cluster, including De Beers` Victor kimberlite pipe which, according to published information, is advancing towards planned commercial diamond production in 2007. Pele`s Attawapiskat River Diamond Project comprises the largest 100% owned claim holdings within a 30 kilometre radius of the Victor pipe. Kimberlite discoveries announced by a number of junior exploration companies working in the area over the past few years suggest the possibility that additional kimberlites are likely to be present in the area.
Pele is a Canadian mining exploration and development company and a leader in the search for economic diamond and gold deposits in
Northern Ontario.

[Sozzi]

CUMBERLAND RESOURCES LTD. (CBD-TSX) is pleased to announce that the Department of Indian Affairs and
Northern Development (DIAND) has approved a recommendation made by the Nunavut Impact Review Board (NIRB)
for the Meadowbank gold project to enter the formal project review process for mine development. Meadowbank is
host to the third largest undeveloped gold resource in Canada with six closely spaced, near surface, gold deposits.
Feasibility is expected to be completed in the first quarter of this year. The project is located 70 kilometres north of the
Hamlet of Baker Lake, Nunavut.
DIAND and NIRB agree that the permitting process at Meadowbank will now advance from the project screening process
to a “Part 5” NIRB review within the context of the Nunavut Land Claims Agreement and existing federal legislation, rather
than to a “Part 6” Federal panel review. The next stage of the permitting process, following receipt of the final
environmental terms of reference, requires Cumberland to submit an Environmental Impact Statement (EIS) to NIRB.
In conjunction with the advancement of mine permitting at Meadowbank, Cumberland is expanding its commitment to the
northern community of Baker Lake. The Company recently opened a Meadowbank Community Relations office in Baker
Lake, with local resident Michael Haqpi appointed as the Community Liaison Officer. Through the development of this
office, Cumberland will provide a mining resource center for the community and continue to learn about issues of concern
to the local community. In addition, Cumberland has signed a two-year service agreement with Peter’s Expediting Ltd.,
an Inuit majority-owned transportation and logistics service company based in Baker Lake. Peter’s Expediting has
consistently provided services to Cumberland during the last seven years and will continue to assist the Company as the
Meadowbank project advances from exploration through to development.
“We are very pleased to complete the screening process and advance to full review of the Meadowbank gold project,”
remarked Kerry Curtis, President and CEO. “Our growing commitment to the community, local and Inuit business
development and the responsible development of Meadowbank are reflected in these achievements.”
Cumberland is a mineral exploration and development company which holds interests in two undeveloped gold properties
in Canada: Meadowbank (100%) and Meliadine West (22% carried to production). Cumberland is well financed and is
advancing the Meadowbank property to production. The Company is currently evaluating a 10 year open pit mine plan
based on a preliminary assessment* completed in January 2002, which indicated the Meadowbank property could
support a production rate of approximately 250,000 ounces per year.

[Sozzi]

Die werthaltigste Position ist laut Q-Bericht inzwischen die von Dundee Precious Metals Acquisition Inc. (neugegründete Tochter von DPM) übernommenen bulgarischen Aktivitäten der insolventen Navan Mining:

- Silber-Projekt Ada Tepe bei Krumovgrad
- Chelopech Mine bei Sofia (Kupfer/Gold/Silber)
- mehrere Explorationen in den Bulgarischen Rhodopen

[Sozzi]

Monday, January 12, 2004
METALLICA RESOURCES INC.

Metallica Resources has awarded Washington Group International, Inc a contract to provide site development services and contract mining for its Cerro San Pedro gold and silver project in central Mexico. The value of the contract, over the currently estimated 8.3 year mine life, is approximately CAD105 million which includes CAD98 million for contract mining services and CAD7 million for capitalized pre-stripping and the mobilization of Washington Group’s equipment fleet. Equipment is expected to begin arriving on-site within the next two weeks. The CAD98 million for contract mining represents approximately 46% of the previously announced estimated cash operating cost of CAD160 per ounce of gold when using the Gold Institute method of calculation and a silver price of CAD5.36 per ounce. This percentage is consistent with mining costs previously estimated, and reported, by Metallica. Construction of the Cerro San Pedro project will begin in the first quarter of 2004 with production commencing by the end of 2004.

[Sozzi]

Wednesday, January 14, 2004
CAMBIOR INC.

Cambior has reported its 2003 gold production and targets for 2004 production as well as the reduction of its hedging program. For the year 2003, Cambior produced 521,500 ounces of gold, which compares with 568,800 ounces of gold in 2002. For the fourth quarter of 2003, gold production totalled 143,100 ounces, representing an 8% increase over the corresponding quarter of 2002. The decrease in gold production for 2003 is a result of a planned reduction at the Omai mine due to the depletion of soft ore feed to the mill and reduced mill throughput. Cambior’s gold production target for 2004 is 705,000 ounces at an estimated mine operating cost of USD221 per ounce. The increase in the 2004 budgeted production is the result of the start-up of the Rosebel mine in February, which will more than offset the planned decrease at Omai and the temporary shut-down of the Mouska mine. Cambior reduced its gold hedging commitments by 42% or 540,500 ounces in 2003 through the delivery of gold production against the existing hedging positions and the repurchase of positions. The company successfully negotiated the elimination of the hedging covenant in its credit facility following the closing of its CAD100 million equity financing in August 2003. As at December 31, 2003, the company had total commitments of 746,000 ounces at an average price of USD306 per ounce, including 103,800 ounces in call options sold at an average price of USD301 per ounce.

[Sozzi]

Wednesday, January 14, 2004
CANADIAN ROYALTIES INC.

Canadian Royalties has reported significant diamond drill core assay results from its Raglan South Trend project in Quebec. Expo Northeast zone results included highlights that confirmed the presence of a large well mineralized area now shown to be at least 122 m in strike length. In hole EX-03-62 the entire 108.2 m interval from 20.42 to 128.63 m assayed 0.87% nickel, 0.69% copper, 0.26 g/t platinum and 1.40 g/t palladium. The company views the Expo Northeast area as a key target area for the definition of additional resources in 2004. Three diamond drill holes completed in the area of the up-dip surface projection of the Mesamax deposit intersected high grade mineralization that is particularly rich in Cu, Pt and Pd at the bedrock surface under less than 3 m of overburden; the first 3 m interval in drill hole MXNW-03-90 assayed 1.83% Ni, 25.61% Cu, 12.65 g/t Pt and 52.4 g/t Pd. The entire 44.00 m interval in MXNW-03-90 assayed 1.64% Ni, 3.96% Cu, 0.07% Co, 0.5 g/t Au, 1.89 g/t Pt and 7.15 g/t Pd.

[Sozzi]

Thursday, January 15, 2004
AMERICAN BONANZA GOLD MINING CORP.

American Bonanza has announced recent additional drill results from underground core drilling on its wholly owned Copperstone Project in Arizona. The current D-Zone results are highlighted by drill hole number 12 which contains a 45 foot intercept grading 0.72 ounces per ton of gold and 1.9% copper. Preliminary reviews of the cross section developed by this drilling indicate a maximum true thickness of approximately 20 feet for the main D-Zone high grade structure. Drilling continues on the remainder of the planned 9,000 foot D-Zone underground drill program.

[Sozzi]

Thursday, January 15, 2004
MCWATTERS MINING INC.

McWatters Mining has filed for bankruptcy protection and has engaged Prime Capital Finance of Australia to find an investor interested in acquiring either a full or a partial interest in its Sigma-Lamaque open pit operations located in Val-d`Or in northwestern Quebec. McWatters sold its Kiena Mine Complex to Wesdome Gold Mines earlier this month for CAD3 million cash, and NSR payments. McWatters temporarily suspended mining operations at the Sigma mine in October last year to preserve cash resources after the mine experienced operational problems including a backlog of waste removal during pre-production as a result of equipment delays. A report by RSG Global Pty Ltd, an international mining consultancy, released in November indicated that operational practices at the Sigma-Lamaque complex led to operational inefficiencies.

[Sozzi]

Top Ten Holdings at January 31, 2004



Security Legal Name Description Shares

Miramar Mining Corporation Common Shares 14,381,145

Cambior Inc. Common Shares 8,408,182

Tahera Corporation Common Shares 31,566,642
Warrants 3,800,000
Convertible Debenture 2,817,000

FNX Mining Company Inc. Common Shares 2,425,000

Major Drilling Group Intrenational Common Shares 2,200,000

Gabriel Resources Ltd. Common Shares 4,230,300

Pacific Rim Mining Corporation Common Shares 7,827,258

Bolivar Gold Corporation Common Shares 2,937,500
Warrants 1,000,000
Purchase Warrants 468,750

Eldorado Gold Corporation Common Shares 2,067,109

Apollo Gold Corporation Common Shares 2,500,000
Purchase Warrants 625,000

[Sozzi]

Wednesday, February 04, 2004
MCWATTERS MINING INC.

Emerging Aussie gold companies are being targeted for the sale of a possible one-million-ounce low-grade open-cut gold resource in Quebec. Mineweb writes that Perth-based corporate advisory group Prime Corporate Finance (PCF) has been engaged to find a buyer for the Sigma-Lamaque multi-deposit mine and 1.8 million tonnes per annum CIL plant currently owned by Montreal-based McWatters Mining, who ran into operational and consequently financial difficulties and eventually ceased production last October. Though the company is under interim receivership, its shares have been allowed to resume trading.

[Sozzi]

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
http://www.dundeeprecious.com/News2004/feb2404pr.pdf
!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

das nenne ich mal Hammernews!

[Sozzi]

@hpoth,

jetzt gibt es keine Meinungsverschiedenheiten mehr ob DPM ein Fond ist oder nicht...

[Sozzi]

[Sozzi]

5:1 Split, Umwandlung des Bulgarieninvestments in operative Gold/Kupfer/Silber-Förderung, ca. 50 Beteiligungen in Rohstoffgesellschaften

Herz was willst du mehr ?

[Sozzi]

Dundee Precious Metals Proposes To Convert Into An Operating Gold Mining Company, Split Its Shares On A 5 For 1 Basis And Eliminate Dual Class Share

Dundee Precious Metals Inc. (DPM.A - TSX) (`Dundee Precious`or the `Company`) announced today that, subject to shareholder approval, it plans to convert the Company from a closed-end precious metals investment company to an operating gold mining company.
Jonathan Goodman, the Company`s President and CEO noted, `In our last Annual Report we said that we would be leaving all our options open as to how we ultimately finance our Bulgarian gold mining assets. We are now of the view that the opportunities available outweigh the risks and that it is in every shareholders interest to convert to an operating gold mining company at this time. The primary motivation for this change is to provide shareholders with advantages that will accrue from the quality of the Company`s gold mining assets in Bulgaria. We feel that we were fortunate to acquire these assets and the best opportunity for shareholders to benefit from this purchase is to change the mandate of the Company.

[Sozzi]

Dundee Precious Metals to become gold mine operator, pay Dundee Wealth $27.8M

TORONTO, Feb 24, 2004 (The Canadian Press via COMTEX) --
Dundee Precious Metals Inc. intends to convert itself from an investment company to an operating gold miner, a move that entails a $27.8-million payment to Dundee Wealth Management Inc.
The primary motivation for this change is to provide shareholders with advantages that will accrue from the quality of the company`s gold mining assets in Bulgaria,`Jonathan Goodman, president and CEO of Dundee Precious Metals, stated Tuesday.
The company acquired the Bulgarian assets last September, including Chelopech, an operating mine said to have measured and indicated reserves of 2.3 million ounces of gold and 6.5 million ounces of silver. Dundee plans to spend $40 million US to upgrade the mine in central Bulgaria, and is exploring a smaller play in eastern Bulgaria.
These two assets will form the initial base of Dundee Precious operating activities,`the company said, adding that it has $45 million US in cash and marketable securities.
It said changing from a closed-end investment vehicle to an operating company will benefit shareholders by realizing the potential of the Bulgarian assets and by reducing the discount between the share price and the net asset value of Dundee Precious Minerals (TSXDPM.A).
The transformation involves terminating the company`s investment management contract with Dundee Wealth Management (TSXDW).
Dundee Wealth will receive 935,000 shares of Dundee Precious Metals with a current value of $27.8 million. Dundee Wealth also has an option to buy an additional 500,000 shares at $36.57 per share for 48 hours after the corporate transformation.
Dundee Wealth said its parent, Dundee Bancorp Inc. (TSXDBC.A), will buy the shares and the option for $27.8 million.
The Canadian Press (CP)

[Sozzi]

Dundee Precious Converts Tahera Debenture And Acquires Units Of Eurasian Minerals Inc.

In accordance with regulatory requirements, Dundee Precious Metals Inc. (DPM.A - TSX) (`Dundee Precious`) announces that it has exercised its right to convert an 8% secured convertible debenture, due August 23, 2004, into 22,536,000 common shares and 11,
268,000 common share purchase warrants of Tahera Corporation (`Tahera`). The warrants will be exercisable into common shares at $0.495 each and will expire on March 2, 2009. The above securities represent an approximate 7.1% interest in Tahera, assuming the exercise of the warrants.

Dundee Precious and its affiliates and associates now hold or exercise control or direction over an aggregate of 66,845,499 common shares and 22,318,000 warrants of Tahera. These holdings represent an approximate 14.2% interest in Tahera, on an undiluted basis, and an approximate 18% interest assuming the conversion of all warrants held by or over which Dundee Precious and its affiliates and associates exercise control or direction.

Dundee Precious also acquired 1,363,650 units of Eurasian Minerals Inc. (`Eurasian`) under a private placement at $1.10 per unit on March 12, 2004. Each unit consists of one common share and one common share purchase warrant and each warrant is exercisable into one common share of Eurasian at $2.00 each until March 12, 2006, or such earlier date as may be determined by Eurasian in the event that the closing price of its common shares reaches or exceeds $2.50 for 20 consecutive trading days.

Assuming the conversion of the Eurasian units, Dundee Precious will hold 1,363,650 common shares and 1,363,650 warrants, representing an approximate 8.8% interest in Eurasian, on an undiluted basis, and 16.2% assuming the exercise of all warrants.

The above noted securities held by Dundee Precious and its affiliates and associates or over which Dundee Precious and its affiliates and associates exercise control or direction are held for investment purposes. These investments will be reviewed on a continuing basis and such holdings may be increased or decreased in the future.

Jonathan Goodman President &CEO Dundee Precious Metals Inc. [phone] E-mail: [e-mail]

NEWS RELEASE TRANSMITTED BY CCNMatthews

[Sozzi]

Eurasian Minerals ---> Kasachstan, Serbien und Türkei


EurAsian Minerals is rapidly increasing shareholder value with precious and base metals exploration programs in some of the world`s most promising but under-explored frontier regions. The Company is aggressively adding high quality properties to its portfolios in Serbia and Turkey located in the prolific Tethyan metallogenic belt. In addition, the Company has selected the Tien Shan metallogenic belt of Central Asia as highly prospective for the discovery of large, world-class gold deposits. At present, EurAsian is establishing an office in the Kyrgyz Republic, strategically located in the central part of the Tien Shan range. The Company is well-funded and strategically positioned to fully participate in the current favorable investment climate through solid technical advances, unique in-country expertise, and timely business initiatives. www.eurasianminerals.com

[Sozzi]

METALLIC VENTURES GOLD INC. (DPM besitzt 850.000 Shares)

Metallic Ventures Gold has raised CAD50 million in a "bought deal" financing for the development of the company`s mining properties and for general corporate purposes. Metallic issued 7,813,000 units at CAD6.40 a unit with GMP Securities and Canaccord Capital as co-lead underwriters, with a syndicate of underwriters including CIBC World Markets, National Bank Financial and Pacific International Securities. Metallic poured the first precious metal bullion at its Esmeralda Project in Nevada last month.. This month, the company expects to begin processing higher-grade material stockpiled and being mined from underground development. Also, Metallic released results earlier this month from the main Martinez resource zone, which have verified the high-grade gold zone and intersected increased silver grades, higher than what was previously detected from surface drilling. Drilling to define the periphery of the mineralized Prospectus vein is nearly complete, with underground development, process tune up and the refurbishment of surface facilities.

[Sozzi]

Thursday, March 25, 2004
MIRAMAR MINING CORPORATION (DPM besitzt mehr als 14 Mio Aktien)

Miramar Mining announced that capital costs for the Doris North, Nunavut, feasibility study are unlikely to deviate significantly from the CAD39.3 million announced in January 2003. Tony Walsh, Miramar’s President and CEO, said "These capital costs will not be materially impacted by recent increases in prices for steel, fuel and other commodities, which have negatively impacted other companies and their proposed mining developments." The Doris North feasibility study was announced on January 9, 2003. The study outlined plans for a 690 tonne per day operation to mine, mill and recover approximately 311,000 ounces of gold over a two year period, at estimated cash costs of USD109 per ounce. Capital costs were estimated at CAD39.3 million and the project was forecast to generate a net, pre-tax cash flow, after capital payback (in 6.6 months), of CAD69.3 million (a 136% rate of return) at a gold price of USD325 (CAD512) per ounce. The Nunavut Impact Review Board has called public hearings for June 13-18, 2004 to discuss the permitting of the Doris North Project in four communities in Nunavut. Doris North is planned to be the first mine on Miramar’s 100% owned Hope Bay project.

[Sozzi]

Thursday, March 25, 2004
PACIFIC RIM MINING CORP. (DPM besitzt mehr als 7 Mio Anteile)

Pacific Rim Mining has contracted SRK Consulting of Denver, Colorado to complete a pre-feasibility study of the potential economics of underground mining of the Minita vein system on the company’s El Dorado gold project in El Salvador. The study is scheduled to be completed by June 15, 2004 and will be based on exploiting the current Minita resource with a 1,000 tonne per day operation. The Minita vein system hosts a measured and indicated resource of 1.6 million tonnes at an average grade of 11.4 g/t Au and 70.3 g/t Ag, for a total of 585,200 ounces of gold and 3.6 million ounces of silver.

[Sozzi]

Top Ten Holdings DPM at February, 2004



Name Shares Total (%)


Bulgarian Project Investment n/a 13.2

Miramar Mining Corporation Common Shares 14,381,145 12.3

Cambior Inc. Common Shares 8,408,182 9.1

Tahera Corporation Common Shares 31,566,642
Purchase Warrants 11,050,000
Convertible Debenture 2,817,000 8.0

Major Drilling Group Intrenational Common Shares 2,200,000 6.2

FNX Mining Copany Inc. Common Shares 2,425,000 5.7

Gabriel Resources Ltd. Common Shares 4,230,300 4.3

Pacific Rim Mining Corporation Common Shares 7,827,258 3.5

Eldorado Gold Corporation Common Shares 2,067,109 2.4

Apollo Gold Corporation Common Shares 2,500,000
Purchase Warrants 625,000 2.2

[Sozzi]

Entwicklung Beteiligungsvermögen von Dundee Precious Metals ab 01/2002-laufend

Month End Basic Assets (millions)

March 31, 2004 $326.7
February 29, 2004 $331.4
January, 30 2004 $285.2
December 31, 2003 $297.3
November 30, 2003 $306.5
October 31, 2003 $268.9
September 30, 2003 $231.7
August 31, 2003 $224.1
July 31, 2003 $196.7
June 30, 2003 $176.5
May 30, 2003 $163.6
April 30, 2003 $165
March 31, 2003 $164
February 28, 2003 $179.1
January 31, 2003 $188.2
December 31, 2002 $186.4
November 29, 2002 $148.3
October 31, 2002 $140.1
September 30, 2002 $154.7
August 31, 2002 $156
July 31, 2002 $140.5
June 28, 2002 $169.8
May 31, 2002 $183.2
April 30, 2002 $153.6
March 28, 2002 $143.8
February 2002 $130.5
January 31, 2002 $116.2

[Sozzi]

Top Ten Holdings DPM at March 31, 2004


Bulgarian Project
Cambior Inc.
Miramar Mining Corporation
Tahera Corporation
Major Drilling Group
Gabriel Resources Ltd.
Pacific Rim Mining
Apollo Gold
South Atlantic Ventures Ltd.
Bolivar Gold Corporation

[Sozzi]

DPM ging neue Beteiligungen ein:

Aurelain Resources Inc.
Erdene Gold Inc.
New Sleeper Gold Corp.
Tandem Resources Ltd.



naja, Mongolei und Equador fehlten ja noch ;-)

[Sozzi]

DUNDEE PRECIOUS METALS ANNOUNCES INTENTION
TO MAKE A NORMAL COURSE ISSUER BID

May 13, 2004– Dundee Precious Metals Inc. (DPM - TSX) (“Dundee Precious” or “the
Corporation”) announced that purchases of a maximum of 4,143,447 of its common
shares, representing approximately 10% of the “Public Float” on the date hereof, by
means of a normal course issuer bid through the facilities of The Toronto Stock
Exchange (“TSX”), will commence on May 17, 2004 and will terminate no later than
May 16, 2005. The purchases will be made in accordance with the Policies and rules of
the TSX. There are currently 53,639,475 common shares issued and outstanding. The
price paid for any common shares acquired will be the market price at the time of
purchase and all common shares purchased under the normal course issuer bid will be
cancelled.
Prior to the Corporation’s conversion to an operating gold mining company and the
resulting reclassification and five-for-one split of its outstanding class A shares into
common shares in April 2004, Dundee Precious purchased 22,400 class A shares at
$19.50 per share (112,000 common shares at $3.90 per share post-subdivision) under its
previous Bid which commenced on December 27, 2002 and terminated on December 26,
2003.
Dundee Precious believes that the purchase of its common shares at current market
values represents a good long-term investment for the Company.
For additional information contact:
Jonathan Goodman
President and Chief Executive Officer
Dundee Precious Metals Inc.
[phone]

[Sozzi]

lt. Quartalsbericht I/04 eine neue Beteiligung eingegangen:

Medoro Resources Ltd. (Sardinien)

[Sozzi]

DUNDEE PRECIOUS’ HOLDINGS IN MAXIMUS VENTURES LTD.


Toronto, September 29, 2004 – In accordance with regulatory requirements, Dundee Precious Metals
Inc. (DPM - TSX) (“Dundee Precious”) announces that it has acquired 1,600,000 flow-through common
shares and 1,600,000 units of Maximus Ventures Ltd. (“Maximus”) under a private placement at $0.15
each. Each unit consists of one common share and one-half of a share purchase warrant. Each whole
warrant is exercisable into one additional common share of Maximus at $0.20 until September 17, 2006.
The above securities represent an approximate 15.7% interest in Maximus assuming the exercise of the
warrants.
Dundee Precious now holds an aggregate of 3,200,000 common shares and 800,000 warrants of
Maximus. These holdings represent a 13% interest in Maximus, on an undiluted basis, and an approximate
15.7% interest assuming the exercise of all warrants held.
The above noted securities held by Dundee Precious are held for investment purposes. These investments
will be reviewed on a continuing basis and such holdings may be increased or decreased in the future.
Dundee Precious Metals Inc. is an operating mining company engaged in the acquisition, exploration,
development and mining of precious metals. It currently owns the Chelopech Mine, a producing
gold/copper mine, and Ada Tepe, a gold exploration property, both located in Bulgaria. The Company is
engaging in mineral exploration activities in the region and holds a significant portfolio of investments in
the precious metals and mineral related sector.
For further information contact:
Jonathan Goodman
President & CEO
Dundee Precious Metals Inc.
[phone]
E-mail: [e-mail]

[berrak]

die aktie performed aber nicht so toll. allerdings hab ich nur einen "kurzen" chart bei comdirect gesehen.

gibt es einen "langen"chart irgendwo ?