Lakota finds partner for Tanzanian property
Toronto-based Lakota Resources (LAK-V) has taken on a local partner to help it advance the Ikungu gold project in the prolific Lake Victoria district of Tanzania.The company recently signed an option/…
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Ecstall tests Okanagan targets
Ecstall Mining (EAM-V) will test the Vault and Dusty Mac gold-silver properties in the Okanagan district of British Columbia.The Vancouver-based junior has retained geologist Peter Read to examine the…
Sulliden boosts resource at Shahuindo
Montreal-based Sulliden Exploration (SUE-V) has released a new resource calculation for the Shahuindo gold-silver property in the Cajamarca region of northern Peru.In preparing the calculation, Met-Ch…
Gold Fields closes SA deal
A black empowerment company now controls a 15% beneficial interest in the South African gold mining assets of Gold Fields (GFI-N).Shareholders of Gold Fields and Mvelaphanda Resources (Mvela) voted ov…
ValGold hits high grade at Tower Mountain (March 15, 2004)
Drilling by ValGold Resources (VAL-T) has returned high-grade intersections from the Tower Mountain gold project, near Thunder Bay, Ont.VanGold reported results from three of 10 holes completed in the…
Denison shareholders OK fission
Shareholders have voted in favour of a plan of arrangement that would see Denison Energy (DEN-T) split into three separate companies engaged in mining, hydrocarbons, and oilfield services.The proposed…
Producer and Dealer Prices (March 15, 2004)
Antimony: Mid-mkt US$2,840/t.Bismuth: Mid-mkt US$3.15/lb.Cadmium: Mid-mkt US$0.55/lb.Cobalt: Recent trades US$27-28/lb.Copper: Comex Mar. US$1.272/lb.Indium: Indium Corp., ingot, US$485/kg.Iridium: Mi…
LME Warehouse Levels (March 15, 2004)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, March 9 (change from March 2 in brackets):MetalStock(tonnes)ChangeAluminium1366225(-2…
Canadian Stock Exchange Indices (March 15, 2004)
DateMarch 9March 8March 5March 4March 3HighLowTSX Composite8750.318801.218845.048773.27…
Washington deal extended
The period ended March 9 was punctuated by the European central banks’ renewal of the Washington agreement on gold sales, which had been due to expire later this year.Twelve European central banks hav…
Consolidation in Australia
The Australian resources sector has undergone tremendous change over the past three or four years, and global consolidation has focused heavily on Australian names.The frenetic activity was due to sev…
Claude buoyed by gold and gas (March 15, 2004)
Stronger gold and natural gas prices helped Saskatoon-based Claude Resources (CRJ-T) cruise to a profit in 2003.For the year, Claude earned $1.9 million (4 per share) on gold revenue of $25.8 million…