News
Chrtien’s departure comes not a day too soon The long, long goodbye
Gentlemen, those are my principles. And if you don’t like them, I have others. — Barney Barnato, famed magnate of the South African rand, to a meeting of shareholders.Even if they were assorted and a…
Risk and risk management
It is obvious that if you want to make returns (that is, to create value for your shareholders), you have to accept risk. In Rio Tinto, we say that the key to valuation is understanding risk and ensur…
Glamis gives nod to Marlin
The board of directors of Glamis Gold (GLG-T) has authorized the final design and construction phase at the Marlin gold-silver project in Guatemala.Under a revised feasibility study, Marlin is expecte…
Deal at Thunder Creek
Lake Shore Gold (LSG-V) has inked an option deal on Band-Ore Resources’ (BAN-T) 54-claim Thunder Creek property, near Timmins, Ont.Lake Shore can take a 60% interest in the property by paying $370,000…
Northern Miner Indices (November 24, 2003)
NORTH AMERICAN MINING INDEXCompanyTickerWeightBarrickABX-T17.1%CamecoCCO-T3.3%FalconbridgeFL-T5.0%Freeport McM BFCX-N8.2%GoldcorpG-T4.3%IncoN-T8.7%Kinross GoldK-T4.3%Newmont MiningNEM…
Correction (November 24, 2003)
In our Oct. 17 issue, we incorrectly stated that Canico Resource (CNI-T) would carry out matte smelting at its Ona-Puma nickel-laterite project in Brazil.Canico is considering both ferronickel and ma…
Spot Prices Tuesday November 18, 2003 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$392.42+14.10Silver$5.21+0.28Platinum$762.00+20.00…
Fury finds two zones at Windfall Lake
A new structural model drawn at Windfall Lake, in northwestern Quebec, seems to be holding up for Fury Explorations (FUR-V).Fury can earn a 37.5% interest in the property, which covers 534 ha (5.3 sq….
Court upholds Troilus award
The British Columbia Court of Appeal has dismissed an appeal by Homestake Canada, a subsidiary of Barrick Gold (ABX-T), against the January 2001 judgment of the province’s Supreme Court awarding $88 m…
Etruscan tests anomaly in Mali
Nova Scotia-based Etruscan Resources (EET-T) has begun a program of soil sampling and auger drilling over a regional gold-in-soil anomaly on the 200-sq.-km Nianembale permit in Mali, West Africa.The 3…
Partners fizzle at Headway property
A second phase of drilling at the Headway property in the Red Lake camp of Ontario has returned mixed results for King’s Bay Gold (KBG-V) and Solitaire Minerals (SLT-V).The highest reported result was…