Wolfden buys out My-Ritt partner
In return for cash and shares, Wolfden Resources (YWO-V) can acquire the 30% interest in the My-Ritt property it does not already own.Situated in the Red Lake region of northern Ontario, My-Ritt is ch…
News
Afcan eyes Chinese gold (January 13, 2003)
Montreal-based Afcan Mining (AFK-V) is acquiring an 85% interest in the Tanjianshan gold project in the northwestern Chinese province of Qinghai. The vendor is Australian-based Sino Gold.Afcan will pa…
Alcoa posts surprise loss
Alcoa (AA-N) posted a fourth-quarter loss of US$223 million after announcing plans to cut 8,000 jobs at 70 locations worldwide. The loss represents US27 per diluted share.By comparison, the company i…
Exchange Rates (January 13, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateJan. 7Jan. 6Jan. 3Jan. 2Dec. 31US$ in C$1.55921.55961.56651.5747…
MOST ACTIVE ISSUES, DEC. 31-JAN. 7
ExchgVol(000s)HighLowCloseChangeMcWatters MngT270570.310.240.29+0.03…
Sherritt sweetens Fording offer
Looking to deliver a deathblow in the bidding war for Calgary-based coal producer Fording (FDG-T), the Sherritt Coal Partnership II has boosted the cash component of its $35-per-share bid.The partners…
Research Capital asks: Why pick on Barrick?
In a recent report titled Why is ABX the Lightning Rod on Hedging?, Toronto-based mining analysts Barry Allan and Steven Greene of Research Capital take a timely look at the gold-hedge positions of th…
Int’l Curator back at Assean Lake
Now that the winter freeze has set in, International Curator Resources (IC-T) is resuming exploration at the Assean Lake gold project in north-central Manitoba.The program is budgeted at $580,000 and …
Black empowerment in South Africa
The past year was momentous for South African mining. The adoption of radical regulations ushers in a non-racial, competitive and socially inclusive era in the industry.It is unrealistic to imagine th…
Ivanhoe extends Far North Oyu zone
Vancouver — Geophysical surveying of the Turquoise Hill copper-gold project in Mongolia indicates that the Southwest, Central and Far North Oyu zones are all part of one mineralizing system.Ivanhoe M…
Canadian Stock Exchange Indices (January 13, 2003)
DateJan. 7Jan. 6Jan. 3Jan. 2Dec. 31HighLowTSX Composite…
Iamgold-Repadre merger goes through
Following a positive vote by its shareholders and an order in the Ontario Superior Court, gold royalty company Repadre Capital (RPD-T) has been merged into Iamgold (IMG-T).The friendly merger, agreed …