News

News November 8, 2004

Protection plan

The proposed sale of Hudson Bay Mining & Smelting is an elephant-and-mouse deal like almost no other. Anglo American, one of the world’s largest mining companies, is ready to sell a large integrated mine-and-smelter operation to a small Toronto-ba…

News November 8, 2004

Gold prices boost Newmont’s Q3 results

Newmont Mining (NEM-N) increased net income in the third quarter by US$14.3 million, compared with the corresponding period last year.

News November 8, 2004

Spot Prices Tuesday, November 2, 2004 Courtesy of Scotiabank

Precious MetalsPrice (US$/oz.)Change…

Photo by Barbara ThomaeFrom left: Kilembe Mines General Manager Robert Makoma and Kilembe Chairman Fredrick Nyakana shake hands with Uganda Gold President Al Beaton, and Uganda Gold Director Brad Jefferson. Uganda Gold recently inked a deal in Vancouver to acquire as much as a 70% interest in the past-producing Kilembe copper-cobalt mine in western Uganda.

News November 8, 2004

Uganda Gold buys into Kilembe mine

Vancouver — Uganda Gold Mining (UGM-V) stands to earn a majority interest in the past-producing Kilembe copper-cobalt mine in western Uganda. By financing and conducting exploration to the bankable feasibility stage, Uganda Gol…

News November 8, 2004

Exchange Rates (November 08, 2004)

CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)…

News November 8, 2004

Denison grows in Athabasca

Higher uranium prices have rekindled interest in the Athabasca Basin of northern Saskatchewan. Among the companies stepping up their efforts in the region is Denison Mines (DEN-T), which has signed two deals to earn interests in…

News November 8, 2004

Miranda farms out property to Newmont

Newmont Mining (NEM-N) has optioned Miranda Gold‘s (MAD-V) Red Canyon property in Nevada’s Battle Mountain-Cortez trend.

Entre Gold Director James Harris (left) and Entre President and CEO Greg Crowe stand on the company's Lookout Hill (Shivee Tolgoi) project in Mongolia. The property shares a border with Ivanhoe Mines' well-known Turquoise Hill (Oyu Tolgoi) copper-gold property.

News November 8, 2004

Ivanhoe inks deal with Entre Gold

Vancouver — Ivanhoe Mines (ivn-t) has entered into an agreement with Entre Gold (ETG-V) to explore a portion of the Shivee Tolgoi (Lookout Hill) project in the southern Gobi Desert of Mongolia. The property…

News November 8, 2004

First Nickel finds more high grade (November 08, 2004)

First Nickel (FNI-T) has hit more high-grade nickel at its Dundonald property, 60 km east of Timmins, Ont.

News November 8, 2004

Xstrata bids for WMC (November 08, 2004)

Diversified miner Xstrata (XTA-L) of Switzerland has launched a hostile, all-cash offer for the world’s third-largest nickel producer, Australia’s WMC Resources (WMC-N).