Death of Conte brings coup in Guinea
It didn’t take long for unrest to rear its head after the long serving president of Guinea was pronounced dea…
News
Franco-Nevada to take 7.29% royalty on Gold Quarry
Franco-Nevada (FNV-T, FNNVF-o) has more than US$500 million in cash and other facilities to pay for new investments…
First Majestic grows La Encantada reserves by 187%
Vancouver – A 6,700-metre drill program at the La Encantada mine in the northeastern Mexican state of Co…
Barrick appoints Aaron Regent as CEO
Barrick Gold (ABX-T, ABX-N) founder and chairman, Peter Munk, has appointed former Falconbridge CEO, Aaron Regent, …
Velocity finding new moly in old Cassiar
Vancouver – The historic northern British Columbia mining town of Cassiar has a new resident: another junior explor…
Adanac avoids ‘fire-sale’ for 28 days
Vancouver – With more than US$80 million owed on a bridge-loan maturing Jan. 31, 2009, and about $100 million commi…
Avalon gets top drill grades in the Lake zone
Avalon Ventures (AVL-T) set out to define the eastern, southern and western margins of the Lake zone at its Thor La…
Fronteer plans to acquire Aurora Energy Resources
Fronteer Development Group (FRG-T, FRG-x) is the single largest shareholder, with 42%, of Aurora Energy Resources (…
Rusoro Makes Formal Bid For Gold Reserve
Rusoro Mining (RML-V, RMLFF-o) says its unsolicited takeover bid for Gold Reserve (GRZ-T, GRZ-x) offers a “compelling premium” and would create the “premier” Venezuelan gold company. But Gold Reserve …
Cracking The Mystery Of The Matoush Mineralization
SITE VISIT Chibougamau, Que. — The Matoush uranium deposit is unlike any other. It’s not an unconformity deposit, such as those in Saskatchewan’s Athabasca basin, nor is it related to…
Correction (December 22, 2008)
In the story “Second time’s the charm at Boyongan” ( T. N. M., Dec. 8-14/08), we inaccurately stated that Philex Gold is purchasing a further 50% interest in the Boyongan project from Anglo American. …
U. S. Markets December 9-15
Broad U. S. equity indices were down during the Dec. 9-15 trading session, with the Dow Jones Industrial Average dropping 370 points, or 4.1%, to 8,565; the S&P 500 index losing 41 points, or 4.5%…