Victoria adds property
Vancouver-based Victoria Resource (VIT-V) has added another gold property to its Nevada land package.In the northern portion of the state, the company has the right to earn 100% of the North Carlin pr…
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Phelps Dodge wins double-header in copper battle
With its proposed merger with Asarco (AR-N) foiled at every turn, Cyprus Amax Minerals (CYM-N) has accepted an amended takeover bid from copper giant Phelps Dodge (PD-N). A few days later, Asar…
Doublestar gains Falco assets
Junior Doublestar Resources (DSR-V) will acquire all 13 mineral property interests of Falconbridge (FL-T) in British Columbia.In return, Doublestar is required to pay $500,000 over 20 months and issue…
Gold price traps Ashanti in hedge deal — Possibility of US$450-m loss hits gold producer’s shares
Shares in Ghanaian gold producer Ashanti Goldfields (ASL-N) plunged following an announcement that the company was facing large paper losses in its gold hedging program.Ashanti, which was among those …
Madsen resurrection near
Slowly but surely, Claude Resources (CRJ-T) is waking the historic Madsen gold mine from its 2-decade-long slumber.Situated just east of here, Madsen was one of the more successful mines to arise from…
GUEST COLUMN — Solutions for land planning in BC
.BBruce McKnightLast week’s article dealt with British Columbia’s flawed land-planning process, which, despite the province’s world-class mineral endowment, skilled mineral employees and impressive in…
EDITORIAL — Through one lens darkly — Cold War legacy
To those on the far left of the political spectrum, Chile’s General Augusto Pinochet should be locked up for life and the key thrown away for the human rights violations he allegedly committed during …
Gates boosts position in Canadian silver miner
Microsoft Chairman Bill Gates has become an insider of Pan American Silver after investing US$16 million in the Vancouver-based firm, giving him a 10.3% stake.According to papers filed with the U.S. S…
TSE introduces stricter listing requirements
Under rules revised to eliminate inactive or poorly performing listings, resource companies trading on the Toronto Stock Exchange must boost minimum exploration or development budgets by $100,000, to …
Copper Ridge drills Scheelite Dome
After raising $1.3 million in a public financing, Copper Ridge Exploration (KRX-V) has started drilling its Scheelite Dome gold property in the Mayo district of central Yukon.The 1,600-metre, 15-hole …
INVESTMENT COMMENTARY — Agnico-Eagle Mines gets nod from National Bank Financial
Just before gold prices soared well above US$300 per oz., research analysts from National Bank Financial paid a visit to the LaRonde gold mine in northern Quebec. They came back impressed and issued a…
Gallery to drill conductor
Armed with the proceeds of a private placement, Gallery Resources (GYR-A) is planning to drill a strong conductive formation at its Okak Bay massive sulphide property in northern Labrador.A newly comp…