Kinross extends Kinam offer
Kinross Gold (K-T) extended, to April 4, its offer for all of Kinam Gold’s $3.75 series B convertible preferred shares it does not already own.Kinross’s original, $16-per-share cash tender offer expir…
News
Work resumes at Mt. Kare
Vancouver — With the price of gold showing signs of life, Madison Enterprises (MNP-V) has resumed exploration of the promising Mt. Kare gold-silver property in Papua New Guinea.The latest program con…
Majescor confirms sill-like kimberlite body at Wemindji
Majescor Resources (MAJ-V) has encountered multiple shallow, sub-horizontal kimberlite sills or dykes extending over a 400-by-500-metre area of its wholly owned Wemindji property on the east side of J…
Namibian still faced with difficulties
Last year saw Namibian Minerals (NMR-T) chalk up heavy losses as it struggled to remain afloat.In early 2001, the marine diamond miner was forced into provisional liquidation after its NamSSol seafloo…
Coeur closes Martha purchase
Coeur d’Alene Mines (CDE-N) has completed the purchase of the Martha silver mine in Argentina from Yamana Resources (YRI-T).With the mine comes a 588-sq.-km land package in Santa Cruz province coverin…
Shareholders OK Dayton, Pacific Rim merger
Shareholders of both companies have overwhelmingly approved the merger of Pacific Rim Mining (PFG-T) and Dayton Mining (DAY-T), leaving the final say to the courts.Under the proposed amalgamation, Day…
Lending Rates (April 08, 2002)
as of 4 pm ET, Apr. 2, 2002(%)Bank of Canada2.25Canadian Prime3.75U.S. Discount1.25U.S. Prime4.75LIBOR US$ 3-month2.04LIBOR US$ 6-month2.36LIBOR US$ 1-year3.06Gold lease 3-month0.54G…
Northern Crown eyes Abitibi (April 08, 2002)
Vancouver — Northern Crown Mines (CXP-V) has inked a deal with Teck Cominco (TEK-T) to earn an 80% stake in the Amos gold-base metal property in Quebec’s Abitibi greenstone belt.Situated 70 km north …
Monument Bay yields high grades
The first hole reported from an ongoing drill program at Monument Bay, Man., assayed nearly an ounce of gold over 2.35 metres. The project is shared between Wolfden Resources (YWO-V) and Bema Gold (BG…
Spot Prices Wed. April 3, 2002
Precious MetalsPrice (US$/oz.)ChangeGold$304.95+$7.45Silver$ 4.70+$0.06Platinum$534.00+$…
River strikes deal for Edwards
Strike Minerals (YKS-T) has agreed to acquire the mothballed Edwards mine in Algoma, Ont.Strike paid $20,000 on signing the deal and must issue 500,000 shares to River Gold Mines (RIV-T) plus 500,000 …
BHP Billiton gives MAC the nod (April 08, 2002)
BHP Billiton (BHP-N) has approved a US$564-million plan to develop an iron ore mine at its 85%-owned Mining Area C and expand its Port Hedland port-rail facilities. Both sites are in Western Australia…