Buenaventura to farm in on Rio Narcea property (December 20, 2004)
A deal between Minas Buenaventura (BVN-N) and Rio Narcea Gold (RNG-T) will see the Peruvian company earn a 51% inte…
News
Pele Mountain strikes gold zone at Wawa
Pele Mountain Resources (GEM-V) has found significant gold while prospecting at its Highland gold property, northea…
A South African thaw
In an about-face South African gold miner, and target of a hostile takeover bid, Gold Fields (GFI-N) has concluded…
Partners size up Valentine Lake (December 20, 2004)
Armed with nearly 7,000 metres worth of drilling in 24 holes, partners Richmont Mines (RIC-T) and Mountain Lake Res…
lonore adds oomph to Quebec camp
While still in the early stage of exploration, the lonore gold prospect in the James Bay region of north-central Quebec is shaping up to be quite a find.
Diavik’s success spawns new mine plan
The Diavik mine in Canada’s Far North has consistently exceeded design expectations and delivered better-than-expected diamond values during the ramp-up to full production.
The Northern Miner Indices (December 20, 2004)
North American Mining: 112.98 (+4.68)…
Northern Star Mining on target in Abitibi
Val d’Or, Que. —
Minmetals deal unfairly funded
This is the second of two parts taken from a paper titled China Minmetals and Noranda: A Backdoor Nationalization Process of Canada’s Natural Resources? Part one was published in the Dec. 10-16 issue of The Northern Miner. The paper was written an…
‘Tis the season for volume trading
The report period Dec. 8-14 saw the price of gold fall US$14.70 to close at US$437.10 per oz. in the afternoon in London. The gold index managed to hold its own and fell a mere 0.19 of a point to close at 209.11, and the diversified metals and min…
Precious metals drop, juniors twitch
A significant decline in precious metal prices over the week took the wind out of the junior resource market. The S&P-TSX Venture Composite Index closed at 1,721.79 for the week Dec. 8-14, up slightly from previous week’s close of 1,712.19, but no…