Randgold proposes buyback (July 09, 2001)
It’s not the kind of thing that happens often in the gold industry, but Johannesburg-based Randgold Resources has proposed a mandatory buyback of part of its issued capital.The company is offering to …
News
Knife pipe pegged at 6 ha
Based on the results of delineation drilling, together with ground geophysical data, the Knife kimberlite pipe in Nunavut is estimated to comprise a surface area of 6 ha.During spring drilling, the Ca…
Asarco, union reach agreement
Denver — Asarco, a wholly owned subsidiary of Grupo Mexico, has reached an agreement with the United Steel Workers union over contract negotiations.The new, 3-year deal gives workers a wage increase …
Sullivan tours mark closing
To mark the imminent closing of the century-old Sullivan lead-zinc mine, near Kimberly, B.C., Cominco has scheduled a series of talks.The event, scheduled for Nov. 9-10, will also feature tours of und…
MABC celebrates centenary
The Mining Association of British Columbia (MABC) is celebrating its 100th anniversary this year, making it one of the oldest industry associations in the province. MABC President Gary Livingstone say…
Drilling proves up resource for Summo
Exploration drilling by Australian-based Matrix Metals at the Mt. Watson prospect, near Cloncurry in Queensland, Australia, has outlined a resource that could significantly extend the life of Matrix’s…
Linear bullish after trenching
Channel sampling by Linear Resources (LRR-V) at the Seymour Lake property, near Armstrong, Ont., has returned encouraging tantalum values from granitic pegmatite bodies.The St. John’s, Nfld.-based com…
Conquest picks up gold producer
Buying-in when political risk is at its highest is permitting Conquest Resources (YQR-V) to assemble a large land package in Zimbabwe’s Midlands gold field.Conquest, which has already acquired five fo…
Leach tests positive for Gammon Lake Resources
Preliminary metallurgical tests on mineralization from the Ocampo gold-silver properties of Gammon Lake Resources (GAM-T) has returned encouraging results.The tests examined composite samples of drill…
America Mineral Fields improves terms
A company held equally by America Mineral Fields (AMZ-T) and Anglo American (AUK-Q) has renegotiated the terms of an agreement to develop and own 60% of the Kolwezi copper-cobalt tailings project in t…
Spot Prices Wed. July 4, 2001
Precious MetalsPrice (US$/oz.)ChangeGold$267.60-$8.40Silver$ 4.27-$0.08Platinum$559.00-$…
CDNX enters summer doldrums
Canada’s junior exchange emerged from the Dominion Day weekend in a sour mood. The Canadian Venture Exchange composite index dropped 32.61 points, or 1%, to finish the week ended July 3 at 3,198.32. T…