Book Review — Gold a unique, evolving commodity
The International Gold Trade, by Tony Warwick-Ching, Woodhead Publishing, Abington Hall, Abington, Cambridge, England, CB16AH (US$150). This book provides a comprehensive survey of a rapidly evolving …
News
Conwest, Faraday directors announce amalgamation plan
The boards of directors of Conwest Exploration and Faraday Resources have approved an amalgamation of the two Toronto-listed companies. Faraday shareholders will receive 0.42 common shares of the amal…
COMMENTARY — Indian silver imports relaxed
The habit of relaxing precious metals regulations in India is catching. Last year, it was gold; this year, silver. The Indian government announced in February that, for the first time in more than 40 …
NEWS ROUNDUP — Soquem exercises MSV warrants
Exploration in the Chibougamau, Que., area will get an extra boost following Soquem’s decision to exercise warrants of MSV Resources (ME). Under a $1.2 million private placement agreement signed last …
NEWS ROUNDUP — Glimmer, Hemlo to drill 31 holes
A 31-hole, 4,600-metre program will be completed on the Hislop Twp. property in northeastern Ontario this year, says Glimmer Resources (VSE). The program, expected to cost $322,000, is designed to pro…
Cambior, Southwestern form Peru joint venture
Having already established itself as a leading Latin American gold producer, Cambior (TSE) is forming a joint venture with soon-to-be-Vancouver-listed Southwestern Gold on Southwestern’s Peruvian expl…
NEWS ROUNDUP — Lenora considers feasibility
In response to the recent rise in the price of gold, Greater Lenora Resources (TSE) is considering carrying out a final feasibility study on the Goldfields property in northern Saskatchewan. The prope…
Jordex sells Latin nickel deposit
Although investors are looking to Venezuela for its undeveloped gold potential, a junior company is poised for a significant return on an investment in a laterite nickel deposit, 65 miles southwest of…
Amer. Barrick earnings jump 72%
A consistently outstanding performance at its Goldstrike mine in Nevada helped American Barrick Resources (TSE) post significant increases in production, earnings and cash flow for the first six month…
Ownership dispute ends at White River
An ownership dispute over the White River project has been settled, allowing Akiko Gold (VSE) and Gold Giant Minerals (VSE) to form an exploration joint venture with Hemlo Gold Mines (TSE). The projec…
Equinox funds Rosebud deal
With a $9-million private placement now closed, Equinox Resources (TSE) is on its way to buying the Rosebud gold project, in Nevada, from Lac Minerals (TSE). The purchase price for the 51% interest is…
STOCK MARKETS — Diamond stock sell-off dampens western
Weakness on major eastern markets and an extended pause in the gold rally at the US$390 level, combined with some heart-stopping air pockets in the diamond issues, helped push western markets down ove…