Sherritt to convert shares
Nickel producer and coal holding company Sherritt International (S-T) has arranged to convert the multiple-voting shares held by its chairman, Ian Delaney, into restricted voting shares of the class t…
News
Martin appoints Efford as new natural resources minister
John Efford, a relative rookie in federal politics, has been appointed minister of natural resources in the cabinet of Canada’s new prime minister, Paul Martin.Efford was first elected to the House of…
Semafo cuts long intersections at Wona
Delineation drilling by Semafo (SMF-T) at its Mana gold property in central Burkina Faso has returned long intersections from the Wona gold deposit.Semafo is tightening drill control on both Wona and …
Glencairn advances Bellavista
Glencairn Gold (GGG-T) has begun building its Bellavista gold mine in Costa Rica.Under the supervision of contractor Sococo de Costa Rica, the first phase of construction will include roadwork, instal…
Inter-Citic heads to China
Inter-Citic Mineral Technologies (ICI-V) has signed agreements for two property deals in mainland China — one in Qinghai province and the other in Inner Mongolia.The Toronto-based company, which reac…
Drilling cuts more bonanza grades in D zone
Staying true to its name, American Bonanza Gold Mining (BZA-V) has pulled more high grades from its Copperstone property in Arizona.Hole 4, collared at the southern end of the so-called D zone, yielde…
Ghana gov’t supports AngloGold-Ashanti tie
The government of Ghana has expressed its support of the planned US$1.7-billion merger between Ashanti Goldfields (ASL-N) and AngloGold (AU-N).The government agreed to vote its 16.9% stake in Ashanti …
Shakespeare tests positive
Test milling of drill core samples from the Shakespeare copper-nickel project west of Sudbury, Ont., has recovered a bulk copper-nickel concentrate.The testing, done by SGS-Lakefield Research for proj…
Spot Prices Wednesday, Dec. 16, 2003 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$409.70+1.45Silver$5.66 +0.12Platinum$826.00+27.00…
Goldcorp sells gold hoard
Goldcorp (G-T) has sold off its gold hoard and intends to distribute most of the profits to its shareholders in the form of a special dividend.Debt-free and a long-time true believer in a nascent bull…
Rio Narcea to drive ramp at Aguablanca (December 22, 2003)
Anxious to catch the peak of nickel prices, Rio Narcea Gold Mines (RNG-T) plans to begin developing its Aguablanca underground nickel project in western Spain even before open-pit mining starts.Aguabl…
Partners step up work at Windfall Lake
With results from the remaining holes now in hand, partners Fury Explorations (FUR-V), Alto Ventures (ATV-V) and Noront Resources (NOT-V) are preparing for their next drill campaign at the Wind…