Teck Joins NovaGold at Galore Creek
Fresh from warding off a hostile bid from Barrick Gold (abx-t, abx-n), NovaGold Resources (NG-T, NG-X) has struck a deal with Teck Cominco (TCK.B-T, TCK-N) to develop on a 50-50 basis the junior’s mas…
News
Chariot Races to Production
SITE VISIT Lima, Peru — Across the swaths of desert stretching alongside the southern Peruvian coast, there’s nary a farm, cultural heritage site or environmentally…
Oriental Minerals Leads the Way in Korea
SITE VISIT Sangdong, South Korea — At its peak, 30,000 people lived in Sangdong, South Korea, home of the former world-class tungsten-molybdenum mine. Many of…
Facts ‘N’ Figures: Investors Sought Silver Lining Last Year
The silver price, led by growing investor demand, averaged a remarkable US$11.55 per oz. in 2006. At the same time, industrial demand for silver saw a fifth consecutive year of growth, despite the hig…
Lending Rates (June 04, 2007)
as of 9 a.m. ET, May 29, 2007 (%) Bank of Canada 4.50 Target overnight rate 4.25 Canadian Prime 6.00 U.S. Discount Primary 6.25 U.S….
BID-ASK — May 22-28, 2007
STOCK EXC BID ASK LAST HIGH LO African Metals V 0.68 0.74 0.62 0.86 0.355 Antoro Res V 0.12 0.125 0.125 0.19 0.075 Apoquindo Mnls…
Canadians Tussle Over Peruvian Property
Century Mining president and CEO (CMM-V, CMNZF-O) Margaret Kent believes her company will build a gold mine at the contentious Shahuindo property in Peru. But first, Century will have to win a long-fe…
Fronteer Talks Turkish Gold Results
Vancouver — Fronteer Development Group (FRG-T, FRG-X) announced new drill results for its Agi Dagi gold project in northwestern Turkey that show significant gold mineralization in three new areas out…
Wide Intersectons at Aurora
Guyana Goldfields (GUY-T, GUYFF-OF) continues to intersect good lengths of low-grade gold mineralization on its Aurora gold property in western Guyana, as it attempts to drill off a resource at the Ro…
Randgold to Take on Miyabi Project
Randgold Resources (GOLD-Q, RRS-L) will earn a 50% interest in the Miyabi gold project, in the Lake Victoria area of northwestern Tanzania, under a deal with African Eagle Resources (AFE-L).
Ivernia Sets Q1 Record at Magellan
Ivernia (IVW-T, IVWFF-O) may have set a production record at its Magellan lead mine in Western Australia in the first quarter, but with the mine still closed due to a lead poisoning scare, the second …
People (June 04, 2007)
Plexmar Res. — Pierre Labbe appointed VP and CFO.