Armistice board survives
Dissident shareholders of Armistice Resources (ACI-M) have failed in a bid to unseat the board of directors at the company’s annual meeting.The dissidents, led by Gordon Usher-Jones and Mark Diamond, …
Articles by Northern Miner Staff
Kinross amends offer
The terms of a previously announced merger between Kinross Gold (K-T) and La Teko Resources (LAO-T) have been amended.Under the revised terms, La Teko shareholders will receive one Kinross share in ex…
Sirios funds work at Aquilon
Following an infusion of cash, Sirios Resources (SOI-M) is gearing up for a 10-hole, 1,500-metre drilling program at its Aquilon gold property in the James Bay region of northern Quebec.In late Decemb…
Fort Knox adds to holdings
In another Newfoundland cash-and-shares deal, junior explorer Fort Knox Gold Resources (FNX-T) has taken an option on a gold exploration property 60 km north of Gander.The agreement gives Fort Knox th…
Diamond core cuts high grade for Argentina Gold
Partial results from the first diamond drill hole on the Veladero property in Santa Cruz province have returned high grades for Argentina Gold (ARP-V).Drill hole DDA-1 cut 31 metres averaging 42.25 gr…
AFRICA — Sadiola Hill mine cracks half-million-ounce barrier
Higher-than-expected mill capacity allowed Iamgold (IMG-T) and its South African-based partner, Anglogold (AU-N), to produce more than half a million ounces from the Sadiola Hill gold mine in western …
AFRICA — Sutton advances Bulyanhulu — Mining costs projected at US$45-59 per ton
Sutton Resources (STT-T) has appointed Standard Bank London to arrange US$130 million in project financing for the Bulyanhulu gold project in Tanzania.Standard Bank will underwrite US$40 million and a…
AFRICA — Tri-Star buys back old Minorca interests in Africa
Following its October merger with Minorca Resources, McWatters Mining (MCW-T) has moved to shed Minorca’s West African interests.Tri-Star Gold (TSG-V) has bought back the interests Minorca held in 13 …
AFRICA — Jean-Gobele at feasibility
Determined to bring its gold deposit into production by the end of the year, Semafo (SMF-T) has engaged a consultant for a final feasibility study at the Jean-Gobele project in eastern Guinea.RSW-Bero…
AFRICA — NAME CHANGE
Porcher Island Gold (PIG-V) has changed its name to Tetra Metals (TTL-V) on a 1-new-for-5-old-share basis.
AFRICA — Ashanti ratifies Ghana deal
Semafo (SMF-T) has signed a joint-venture agreement with Ashanti Goldfields (AHD-T) to develop the former’s Ebi/Teleku-Bokazo property in southwestern Ghana.In July, Semafo and Samax Gold, which was s…
AFRICA — NEWS ROUNDUP — Crew acquires copper mine smelter
Through an operating arm in South Africa, Vancouver-based Crew Development (CRU-T) has acquired an 81.47% interest in the O’okiep copper mine smelter in northwestern Cape Province.O’okiep comprises a …