Wolfden buys out My-Ritt partner
In return for cash and shares, Wolfden Resources (YWO-V) can acquire the 30% interest in the My-Ritt property it does not already own.Situated in the Red Lake region of northern Ontario, My-Ritt is ch…
News
Afcan eyes Chinese gold (January 13, 2003)
Montreal-based Afcan Mining (AFK-V) is acquiring an 85% interest in the Tanjianshan gold project in the northwestern Chinese province of Qinghai. The vendor is Australian-based Sino Gold.Afcan will pa…
Bulls back on Wall Street
A 265-point jump in the Dow Jones Industrial Average on the first trading day of 2003 put investors in the mood for gains, and the U.S. markets in general had a stellar week. The Dow was up 407.74 poi…
Sherritt sweetens Fording offer
Looking to deliver a deathblow in the bidding war for Calgary-based coal producer Fording (FDG-T), the Sherritt Coal Partnership II has boosted the cash component of its $35-per-share bid.The partners…
Int’l Curator back at Assean Lake
Now that the winter freeze has set in, International Curator Resources (IC-T) is resuming exploration at the Assean Lake gold project in north-central Manitoba.The program is budgeted at $580,000 and …
Research Capital asks: Why pick on Barrick?
In a recent report titled Why is ABX the Lightning Rod on Hedging?, Toronto-based mining analysts Barry Allan and Steven Greene of Research Capital take a timely look at the gold-hedge positions of th…
Black empowerment in South Africa
The past year was momentous for South African mining. The adoption of radical regulations ushers in a non-racial, competitive and socially inclusive era in the industry.It is unrealistic to imagine th…
Cameco, partners buy BE’s Bruce Power interest
The world’s largest uranium producer is adding to its portfolio of downstream uranium assets.Just before the Christmas break, Saskatoon-based Cameco (CCO-T) joined forces with TransCanada PipeLines (T…
Ivanhoe extends Far North Oyu zone
Vancouver — Geophysical surveying of the Turquoise Hill copper-gold project in Mongolia indicates that the Southwest, Central and Far North Oyu zones are all part of one mineralizing system.Ivanhoe M…
Alcoa
A new estimate indicates that the past-producing Macassa mine has a proven and probable reserve of 726,000 tonnes grading 15.4 grams gold per tonne, or 356,300 oz. gold.Kirkland Lake Gold (KGI-V) repo…
Iamgold-Repadre merger goes through
Following a positive vote by its shareholders and an order in the Ontario Superior Court, gold royalty company Repadre Capital (RPD-T) has been merged into Iamgold (IMG-T).The friendly merger, agreed …
Resource stocks turn cold in new year
Although still 14% lighter than a year ago, the Toronto Stock Exchange composite index gained a hefty 155.16 points over the Dec. 31-Jan. 7 report period to finish at 6,772.66.Gold nosedived at first,…