Royal Gold to bankroll Capital
New York-based junior Capital Gold celebrated a watershed financing that paves the way for construction of its El Chanate mine in Sonora state, Mexico.Denver-based Royal Gold is supplying the entire c…
News
Anooraq, Amplats team for Bushveld hunt
Anglo American Platinum (AAPTY-Q) has agreed to join forces with neighbour Anooraq Resources (ARQ-V) to search for platinum group elements, gold and nickel on the northern limb of the Bushveld igneous…
Green light for Fazenda Nova
Following a positive feasibility study, Yamana Gold (YRI-T) has decided to put its Fazenda Nova project, in Brazil’s Goias state, into production.The planned operation, which comprises a group of smal…
The Northern Miner Indices (December 08, 2003)
North American Mining: 110.07 (+7.47)Small Producers: 111.93 (+11.95)(Sept. 30/98 = 100)…
SouthernEra advances Messina, raises C$77m (December 08, 2003)
Toronto-based SouthernEra Resources (SUF-T) is using a staged approach to develop its Messina platinum assets, 250 km northeast of Johannesburg on the eastern limb of South Africa’s Bushveld igneous c…
Golden Star joins with Mano River, GSI
Reaching beyond its major asset base in Ghana, Denver-based producer Golden Star Resources (GSC-T) has struck two separate deals to explore for gold in Sierra Leone and Mali.The first joint-venture ag…
Ontzinc bids on remains of Pasminco (December 08, 2003)
Administrators of the Australian zinc and lead producer Pasminco have rejected a bid by Venture-listed developer Ontzinc (OTZ-V) to take over the insolvent company’s assets for A$1.7 billion.Ontzinc h…
Teck, EPA at loggerheads
Talks have broken off between enforcement staff of the U.S. Environmental Protection Agency (EPA) and Teck Cominco (TEK-T), after the EPA refused an offer from the company to fund environmental site e…
De Beers to bring Gahcho Kue to feasibility (December 08, 2003)
Budgets have been approved for a full feasibility study at the Gahcho Kue (Kennady Lake) diamond property in the Northwest Territories. The project is being operated by De Beers Consolidated Mining on…
Gabriel expands Rosia Montana
An updated resource estimate has added 1.5 million oz. gold and 6.4 million oz. silver to the advanced Rosia Montana gold project in Romania.Recently, 80%-owner Gabriel Resources (GBU-T) tested previo…
Junior exchange rides golden bull
Vancouver — Canada’s junior exchange continued its bull run as gold broke through the US$400-per-oz. mark over the 5-day trading period ended Dec. 2. The S&P-TSX Venture Exchange composite index rock…
Hot holes for European Goldfields
Drilling at European Goldfields’ (EGU-V) Certej and Sacaramb projects in western Romania has resulted in several long, gold-rich intersections.Highlights from the first four reverse-circulation holes …