Stillwater shareholders say “da” to Norilsk
Shareholders of Stillwater Mining (SWC-N) have given the green light to Norilsk Nickel’s cash-and-metal offer for 5…
News
Tirisano surrenders rare stone
Partners Etruscan Resources (EET-T) and partner Mountain Lake Resources (MOA-V) have recovered a potentially rare 1…
AngloGold, Rubicon cut gold at Rivard
Vancouver — A 33-hole drill program by partners AngloGold (AU-N) and Rubicon Minerals (RMX-V) has returned promising grades from the Rivard target in Ontario’s prolific Red Lake mining camp.Out of th…
Golds survive rocky week
Despite gold prices tumbling more than US$10 per oz. over the period, the U.S.-listed gold miners managed to hang on and end the week in positive territory.Among the gold majors: Newmont Mining jumped…
Cumberland expands Meadowbank (June 16, 2003)
Vancouver — Results from last year’s drilling have enhanced the economic prospects of the Meadowbank gold project, 70 km north of Baker Lake in Nunavut.Owner Cumberland Resources (CBD-T) now estimate…
Exchange Rates (June 16, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateJune 10June 9June 6June 5June 4US$ in C$1.36481.35841.35401.3401…
Seabridge begins work in NWT
Vancouver — Junior Seabridge Gold (SEA-V) has launched a $1.6-million program of exploration on its wholly owned Courageous Lake project in the Northwest Territories.Initially, the company will selec…
Strikes take their toll on Canadian miners
A flurry of strikes around the world created havoc in the mining industry for the 1-week period ended June 10.Inco said a strike launched June 1 by 3,300 members of the United Steelworkers of America …
Claude in the black in Q1
Benefiting from higher gold prices and improved production, Claude Resources (CRJ-T) made a profit of $600,000 (or 1 per share) in the first quarter, compared with a year-earlier loss of $2 million.R…
Daily Metal Prices (June 16, 2003)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateJune 10June 9June 6June 5June 4Al Alloy1352/1365…
Suppliers Roundup (June 16, 2003)
Skanska wins $50m contractNorth Bay, Ont.-based Cementation Skanska has won a $50-million contract to build a shaft at Goldcorp’s Red Lake mine in northwestern Ontario.Construction of the 2,200-metre …
Gold Fields inks deal with Mvelaphanda
Gold Fields (GFI-N) has agreed to sell a 15% stake in its South African gold mining assets to Mvelaphanda Resources, a black economic empowerment group led by Mvela Resources, for R4.1 billion (US$514…