NovaGold Shutters Rock Creek Mine
Vancouver — NovaGold Resources (NG-T, NG-x) shares plunged $1.48 to close at 72 after the company announced it was suspending production at its Rock Creek gold mine and that it wouldn’t be able to m…
News
Teck Takes Hard Line On Fording Debt
Vancouver–The harsh reality of Teck’s (TCK. B-T, TCK-n) debt burden has just become abundantly clear: the major has cancelled its annual dividend, slashed spending dramatically, and walked away from …
Torlon Hill Small, But Rich
Vancouver — Firestone Ventures (FV-V, FSVEF-o) has proven up a small, high-grade zinc-lead resource at its Torlon Hill project in Guatemala.
George Forrest Bids For Forsys Metals
While other juniors fight to remain solvent amidst a lurching global economy, Forsys Metals (FSY-T, FOSYF-o) has managed to snag a potential $580-million windfall.
Kinbauri Expands Resources At El Valle, Carles Gold-Copper Mines
Last March, Kinbauri Gold (KNB-V, KINBF-o) acquired gold assets in northwestern Spain from Rio Narcea Gold Mines for US$5 million. The goods included two exploration properties and fixed assets at the…
Suppliers News: Pala Investments buys Dumas Contracting
Pala Investments Holding, a mining- focused Swiss investment company, has acquired Canadian mine engineering firm Dumas Contracting.
Minefinders Pours First Gold
Minefinders’ (MFL-T, MFN-x) Dolores open-pit mine in Chihuahua, Mexico, is expected to produce more than 1.7 million oz. gold and 64 million oz. silver over an estimated 15-year life.
People (December 01, 2008)
Adriana Resources — Guilherme Moretzsohn de Andrade appointed director of port development for Brazil operations.
Exploration Adit Proving Its Worth At Niblack
Vancouver — The first underground drilling program at Committee Bay Resources’ (CBR-V, CBYRF-o)Niblack project, on Prince of Wales Island in Alaska, returned strong intercepts that are sure to expand…
Lme Warehouse Levels (December 01, 2008)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Nov. 25, 2008 (change from Nov. 18 in brackets):
Orezone Beefs Up Bombor
Orezone Resources (OZN-T, OZN-x) has nearly tripled gold resources at the Bombor project in Burkina Faso to nearly 926,000 indicated oz. and 1.78 million inferred oz.
Cameco’s Q3 Earnings Down 46% From Last Year
Third-quarter net earnings for the world’s largest uranium producer and one of two Candu fuel manufacturers in Canada fell nearly 50% year-on-year due to lower prices and higher costs.