NovaGold buys Shotgun stake
At a cost of US$900,000, NovaGold Resources (NRI-T) has completed the acquisition of a 49% interest in the Shotgun and Sleitat claim groups in southwestern Alaska.The company now expects to complete i…
News
Cambior reaps benefits from base metal production
Unlike many other gold producers, which stick to a gold-only philosophy, Cambior (CBJ-T) has taken up base metal production with enthusiasm. The Montreal-based company deliberately moved into base met…
Sherritt stays afloat despite low prices
Sherritt International (S-T) posted a profit in the second quarter, when lower nickel prices were partially offset by lower operating costs and higher cobalt prices.The Toronto-based company earned $1…
Aurizon buys gold mine
With three drills on surface and three underground, Aurizon Mines (ARZ-T) will carry out a 5,000-metre program aimed at boosting reserves and reviving the dormant Casa Berardi gold mine in northern Qu…
Deals to boost Armenian minerals sector
The Armenian minerals sector is getting a boost by way of a new diamond processing partnership and a cash injection for the copper industry from the Chinese government.The Diamond Company of Armenia w…
Indochina develops Monywa
With the Bakyrchik gold project on hold pending optimization studies and restructuring of an agreement with the government of Kazakstan, Indochina Goldfields (ING-T) is focusing on improving the econo…
EDITORIAL & OPINION — ODDS ‘N’ SODS — Water, water everywhere
Sometime in 1922, I got word that the Consolidated Coal Company in Fairmouth, W.Va., had a big shaft job up for tender.This company was said to be an interest of oil baron John D. Rockefeller and was …
EDITORIAL & OPINION — Court ruling respects small businesses — NWMA vs. Babbit
Small business and big government don’t always see eye to eye, and the greater the disparity, the greater the chances that might will overpower right. But that was not the case earlier this year, when…
DIAMOND PAGE — Pipe A-180 in Canada’s North keeps Aber upbeat
For the year to date, Pipe A-180 has yielded the best results from the Diavik Diamonds block of properties in the Northwest Territories, reports Aber Resources (ABZ-T).The most encouraging value deriv…
Homestake sweetens deal for Prime Resources
Homestake Mining (HM-N) has upped the ante for the remaining 49.6% of Prime Resources (PRU-T).According to an agreement reached by the board of directors of each company, Homestake will grant Prime’s …
Barrick options Rossi property in Carlin trend
In an effort to expand its holdings in Nevada’s Carlin trend, Barrick Gold (ABX-T) has entered a joint-venture agreement to explore the Rossi gold property, held by Meridian Resources (MNG-T).Barrick …
Tri Origin inks two deals
One new agreement and modification to an existing one are allowing Tri Origin Exploration (TOE-T) to explore for gold and base metals in Australia and central Nevada.In the Cobar region of New South W…