News – 09-OCT-06
U.S. MARKETSSEPTEMBER 26 – OCTOBER 2…
News
Toronto Stock Exchange September 26 – October 2
The Toronto market rode higher during the reporting period Sept. 26-Oct. 2, as the resource stocks rallied from the carnage of the previous week. While the TSX composite index rose 1.8% to 11,787.39 p…
Quadra trumped in bid for Equatorial
Losses related to a hedging program and operating challenges at the Robinson copper-gold mine near Ely, Nev., pushed Quadra Mining (QUA-T, QADMF-O) into the red during the latest quarter ended June 30…
Adolf Henrick Lundin
Obituary…
Forest fires smoke out Stillwater
Production was suspended for a total of nine days at the southwestern Montana palladium-platinum mines of Stillwater Mining (SWC-N) after smoke from two large forest fires closed roads and forced loca…
Exploration spending to top US$7B: MEG study
Facts ‘N’ Figures…
Freegold trenches high-grade at Golden Summit
Vancouver — Trench results from Freegold Ventures’ (ITF-T, FGOVF-O) Golden Summit project, near Fairbanks, Alaska, show extensive high-grade gold mineralization along significant lengths of newly dis…
People (October 09, 2006)
ATH Res. — Steven Beaumont appointed group finance director; Richard Croston resigned as group finance director; Alistair Black appointed managing director of subsidiary Aardvark TMC….
New zone at Black Angel
Recently finishing a summer exploration program at the Black Angel property in western Greenland, Angus & Ross (AGU-L) has confirmed downdip continuity of a long surface showing discovered in 2005…
Cumberland gets Nunavut approval for Meadowbank (October 09, 2006)
Vancouver — After a two-and-a-half-year public review process, Cumberland Resources (CLG-T, CLG-X) has received the blessing of the Nunavut Impact Review Board (NIRB) for development of its proposed…
McEwen moves to scuttle Goldcorp-Glamis merger
Vancouver — Goldcorp (G-T, GG-N) founder and ex-chairman Robert McEwen has launched the opening salvo in a proxy fight opposing the company’s plan to merge with mid-tier producer Glamis Gold (GLG-T,…
Newmont readies market for shortfalls
Vancouver — The world’s second-largest gold producer, Newmont Mining (NMC-T, NEM-N), has given notice that bullion output from its mines will temporarily decline until it can bring new development pr…