Cameco gathers gold assets under Centerra
Higher gold prices have prompted Cameco (CCO-T) to bundle its gold assets into newly created Centerra Gold, and offer shares in that company.Initially, Cameco will hold 67% of Centerra after transferr…
News
Nevada Pacific to buy Castle Mountain
Vancouver — Nevada Pacific Gold (NPG-V) has agreed to buy the Castle Mountain mine, 105 km south of Las Vegas, Nev., in California’s San Bernardino Cty.Currently, Quest Capital (QC-T), formerly Vicer…
Alcoa wins PM award Down Under
Two companies operating Down Under — Alcoa World Alumina Australia and Greening Australia — have been given that country’s Prime Minister’s Award for Excellence in Community Business Partnerships.Th…
Barrick proceeds at Tulawaka
Barrick Gold (ABX-T) has unveiled plans to put the Tulawaka gold deposit, about 100 km west of its Bulyanhulu mine in Tanzania, into production.Tulawaka, in which Barrick holds a 70% interest and Mont…
Bogoso/Prestea delivers
Denver-based Golden Star Resources (GSC-T) ended 2003 with better-than-expected output from its flagship Bogoso/Prestea open-pit mine in Ghana.The mine was expected to produce 160,000 oz. last year at…
Mazarin spins off Sequoia (January 12, 2004)
Mazarin (MAZ-T), the Quebec City-based industrial minerals miner, has spun off its niobium, dolomite and graphite assets into newly formed Sequoia Minerals (SEQ-T), leaving only the troubled chrysotil…
Denison divided in three
Diversified energy company Denison Energy (DEN-T) will split into three separate companies under a reorganization plan.The company’s uranium and other mining interests will be transferred into a resur…
Daily Metal Prices (January 12, 2004)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateJan. 6Jan. 5Jan. 2Dec. 31Dec. 30Al Alloy1470/1500…
Resource groups mirror physical prices
In a repeat performance, base metal issues fared better, on the whole, than their precious metal peers over the holiday-shortened period ended Jan. 6.The diversified metals and minerals index climbed …
Golds glitter on junior exchange
Vancouver — Canada’s junior exchange continued its love affair with bullion over the holiday-shortened trading week that ended Jan 6. The S&P-TSX Venture Exchange composite index added 55.5 points, o…
Exchange Rates (January 12, 2004)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateJan. 6Jan. 5Jan. 2Dec. 31Dec. 30US$ in C$1.28191.28031.29001.2924…
SouthernEra pulls plug on Klipspringer
The rising South African rand has forced SouthernEra Resources (SUF-T) to suspend operations at its Klipspringer diamond project in the Limpopo province of South Africa.The company, which holds half o…