Turquoise Hill rights expire for BHP Billiton
BHP Billiton’s (BHP-N) back-in rights for a 40% stake in Ivanhoe Mines’ (IVN-T) Turquoise Hill project in southern Mongolia have expired.The rights would have become exercisable had BHP identified a p…
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Hecla joins Great Basin at Ivanhoe (June 24, 2002)
Vancouver — Coeur d’Alene, Idaho-based Hecla Mining (HL-N) has teamed with Great Basin Gold (GBG-V) to advance the Ivanhoe property in Nevada’s Carlin trend.The partners will focus on the Clementine-…
BC Survey teams with Eastfield
The British Columbia Ministry of Energy and Mines has joined with Eastfield Resources in an initiative aimed at stimulating investment in mineral exploration.Under the deal, the government will perfor…
Glenhaven options ground in Birch Uchi belt
Vancouver — Glenhaven Ventures (GHM-V) has inked a deal to acquire the Springpole gold property in the Birch Uchi greenstone belt, near Red Lake, Ont.The junior will pay the vendor $98,000 over four …
Bears battle Bulls to a draw
Vancouver — The performance of Canada’s junior exchange mirrored the gyrating price of bullion over the report period ended June 18 as investors bought gold-related issues one day, only to sell them …
Trading Summary (June 21, 2002)
Toronto stocks ended the week on a sour note with the S&P/TSX Composite Index falling 85.92 points. Just two of the…
Eldorado increases Kisladag resource
Vancouver — After incorporating the results of this year’s drill program Eldorado Gold (ELD-T) has tabled an inter…
Horne sounds force majeure alarm
With workers hitting the picket lines at the Horne copper smelter in Rouyn-Noranda, Quebec, Noranda has declared fo…
Voisey’s Bay deal hits the homestretch
Reuters reports that Newfoundland’s legislature has approved a 30-year deal with Inco (N-T) to develop the Voisey’s…
St Andrew execs take the reigns at UTX (June 21, 2002)
Having recently grabbed a 33% stake in United Tex-Sol Mines (UTX.a-V), Glenn Laing and Julian Kemp, president and C…
Rio Narcea trims hedge book
Financially stronger and bullish on gold, Rio Narcea Gold Mines (RNG-T) has sold all of its call options maturing i…
Trading Summary (June 20, 2002)
With the U.S. dollar hitting a 2-year low against the Euro, gold shot up US$3.10 per oz. to US4322.70 in New York o…