News

Aurora Platinum — William McCartney appointed director.

Seeking a broader shareholder base, Australian-listed Anvil Mining has decided to list its shares on the Toronto Stock Exchange (TSX).

Gold’s ascent levelled off during the March 24-30 report period, with the yellow metal adding US$4.75 per oz. to end at US$420 per oz.

The College of Eastern Utah has dropped its mining program after 30 years, owing to declining enrolment and state legislature-inflicted budget restrictions.

McWatters Mining (MWA-T) has agreed to sell a portion of its Kiena mine royalties to Wesdome Gold Mines (WDG-V) for $700,000.

The TSX Venture Exchange moved sideways during the reporting period March 24-30, with the composite index up 6.2 points at 1,860.36.

Ongoing drilling by Southwestern Resources (SWG-T) at the Boka gold project in southern China has returned encouraging assay results.

The Ontario Court of Justice in Sudbury has levied a $375,000 fine against Inco (N-T) nearly three years after the death of Gordon Heffern at the Copper Cliff nickel refinery.

Precious MetalsPrice (US$/oz.)Change…

Drilling by First Narrows Resources (UNO-V) has intersected encouraging gold mineralization at the Golden Ridge property in southern New Brunswick.

Russian miner Norilsk Nickel has bought Anglo American‘s (AAUK-Q) 20% stake in South African-based Gold Fields (gfi-n) for US$1.16 billion in cash.

After the great shakeout of the late 1990s, consolidation became a bit of a mantra among executives in the gold industry. There were really too many gold companies, the story went, and some merger and acquisition activity would tighten up that loo…