Nevada Pacific strikes deals on gold projects
Privately owned Nevada Pacific Gold has struck a tentative deal with royalty sisters Euro-Nevada Mining (EN-T) and Franco-Nevada Mining (FN-T) to explore the companies’ South Carlin property, in Nevad…
News
EDITORIAL — Delgamuukw ties B.C. in knots — The pall of uncertainty
As Eastern Canada trucks along to economic recovery and Alberta basks in its status as an investment haven, British Columbia is floundering under the combined weight of the Asian crisis and poor gover…
Monopros joins Alberta hunt
Monopros, no stranger to Alberta diamond exploration, has thrown its hat into the ring and entered into a proposed joint-venture agreement with Troymin Resources (TRY-A) on a land package totalling 1….
Naneco commissions study for deposit
Calgary-based Naneco Minerals (NNE-A) has retained the consulting group of Watts Griffis & McOuat to prepare a prefeasibility study on the Jiawula polymetallic deposit in the Inner Mongolia region of …
LionOre posts writedown
LionOre Mining International (LIM-T), which continues to explore for gold and nickel in Australia and Botswana, has readjusted its books in response to weak gold prices and a decline in the Australian…
Kinross eyes stake in True North
Through a private placement in La Teko Resources (LAO-V), Kinross Gold (K-T) has demonstrated its interest in purchasing the majority share of the True North deposit in Alaska, held by Newmont Mining …
MINING MARKETS AND INVESTMENT NEWS — Freeport’s growth plans in Indonesia get nod
Simon Beardsmore, mining analyst with T. Hoare, has given a thumbs-up to the long-term growth plans of Freeport McMoRan Copper & Gold (FCX-N), operator of the huge Grasberg mine in Indonesia.”Grasberg…
Tyranex raising funds to buy Mineral Hill
Tyranex Gold (TXGI-C) is in the process of raising more than US$19 million to finance its acquisition of the Mineral Hill mine in Montana.The financing is being arranged through Union Securities, ABN …
Claude completes friendly takeover of Madsen Gold
Saskatoon-based Claude Resources (CRJ-TA) has successfully acquired a majority ownership in Madsen Gold (MGF-T).The two companies signed a friendly takeover agreement in mid-February that involved the…
MINING MARKETS AND INVESTMENT NEWS — Analyst weighs Tenke’s risk factors in Africa
Without ignoring various financial and political risk factors, the mining division of HSBC James Capel has issued a “buy” recommendation for Tenke Mining (TNK-T), based on the fundamentals of the its …
Black Hawk sells Redstone
Sanca Gold, a private Alberta company, has entered into an agreement with Black Hawk Mining (BHK-T) to acquire the Redstone nickel mine, 22 km southeast of Timmins, Ont.The property consists of 63 cla…
Drilling tests Verde at depth
Exploratory drilling beneath the Verde deposit at the Refugio mine in northern Chile is intersecting potential ore-grade gold mineralization some 250 metres below the planned pit floor of the extended…