Kinross to buy Bema for $3.5B
Vancouver — Kinross Gold (K-T, KGC-N) is stepping up the pace of consolidation in the North American gold mining industry, launching a friendly $3.5-billion bid to acquire Bema Gold (BGO-T, BGO-N, BA…
News
Cumberland offloads Meliadine interest (November 13, 2006)
Vancouver — Deciding to focus on its key asset, the Meadowbank gold deposit near Baker Lake, in eastern Nunavut, Cumberland Resources (CLG-T, CLG-X) has sold its interest in the Meliadine gold projec…
Goldcorp closes Glamis deal
In an unusual weekend manoeuvre, Goldcorp (G-T, GG-N) closed its controversial US$8.6-billion acquisition of Glamis Gold (GLG-T, GLG-N) on the Saturday evening of Nov. 4, exchanging each Glamis share …
The earnings statement
MINING EXPLAINED
Rainy River pulls high-grade gold
Vancouver — Rainy River Resources (RR-V, RRFFF-O) has announced a number of high-grade drill intercepts from its namesake gold project located about 80 km south of Kenora, in northwestern Ontario.
Suppliers News (November 13, 2006)
Katanga secures more pieces of copper mine
Disappointment at El Corazon
Vancouver — Shares of Skeena Resources (SKE-V, SKREF-O) dropped 30% on high volume following drill results of up to 8.8 metres of 6.2 grams gold per tonne from its El Corazon project, in northwestern…
StrataGold expands Tassawini
Vancouver — Another batch of drill results from StrataGold’s (SGV-T, SAGDF-O) Tassawini project in northwestern Guyana has defined new areas of gold mineralization.
Peace but still worry in Kyrgyzstan
While the signature of Kyrgyzstan’s president on constitutional reforms has — at least for the moment — quelled t…
Lundin eyeing growth in Iran
Vancouver – Despite the obvious political risks, Lundin Mining (LUN-T, LUMI-S) is eyeing a massive zinc deposit in …
Bell taps wide copper intercept at Sombrero Butte
Vancouver – Initial drilling by Bell Resources (BL-V, BZRSF-O) on its Sombrero Butte project in Pinal Cty., Arizona…
Update: Barrick waives minimum tender condition in NovaGold bid
Vancouver – Barrick Gold (ABX-T, ABX-N) has waived the 50.1% minimum tender condition in its US$16.00-per-share bid…