Mercury use rising
It’s no easy task convincing the millions of artisanal gold miners across the globe that mercury, a substance they use routinely to extract fine gold from alluvial or lateritic ores, can be harmful to…
Gold
Suppliers News (July 23, 2007)
Caterpillar profits skyrocket
San Gold finding deep gold at Rice Lake (July 23, 2007)
Vancouver — San Gold (SGR-V, SGRCF-O) is looking deep, drilling below the 5,300-ft. level of the Rice Lake gold mine in Manitoba, and finding that significant mineralization continues at depth.
Osisko adds resources at Malartic (July 23, 2007)
An updated resource calculation for the Canadian Malartic gold deposit south of Malartic, Que., has increased the inferred resource there by about 30%.
Gryphon boosts Nevada footprint
Vancouver — In a move that will position it as a major player in Nevada gold exploration, Gryphon Gold (GGN-T, GYPH-O) has inked an agreement to acquire private company Nevada Eagle Resources, which …
Eldorado dealt blow in Turkey (July 23, 2007)
Vancouver — A surprise injunction is forcing Eldorado Gold (ELD-V, EGO-X) to shut down its Kisladag gold mine in western Turkey within roughly 30 days, and the mine will have to remain inactive until…
The end for Eurasia
Kazakhmys (KZMYF-O, KAZ-L) has taken up 96% of the outstanding shares of Eurasia Gold (EGX-T, EGXDF-O) and will move to a compulsory acquisition of the company.
No big lift for Atna (July 23, 2007)
Not even a 50% increase in resources at its Pinson gold property, in Nevada, could give Atna Resources (ATN-T, ATNAF-O) a substantial lift on the market.
New Gold raises $375M
Vancouver — New Gold (NGD-T, NGD-X) has closed a $375.3-million financing, leaving the company with some $400 million in the bank to fund mine development at its New Afton copper-gold project in sout…
Jinshan closes offering
Vancouver — After recently cancelling a planned private placement citing dilution concerns, Jinshan Gold Mines (JIN-T, JINFF-O) has closed a $20-million debt financing to raise funds for Chinese expl…
Dundee finds funds
Vancouver — Dundee Precious Metals (DPM-T, DPMLF-O) has $74 million in the bank after closing a bought-deal financing.
Editorial: Rio Tinto bets heavily on aluminum with Alcan offer
There hasn’t been the slightest slowdown this summer in mergers-and-acquisitions activity, with the week ended July 14, the 28th trading week of 2007, punctuated by the largest takeover in global mini…