News

Heavy-going for gold

We had expected gold to experience “one last leg higher” during the second quarter before long liquidation and poor commodity fundamentals drove prices towards US$350 per oz. by the end of the year. However, events have fast-forwarded, with the se…



Wheaton-Iamgold merger dies in vote

Shareholders of Iamgold (IMG-T) rejected a merger deal with Wheaton River Minerals (WRM-T) in a vote on July 6, possibly opening the way for takeover bids for the two companies by Golden Star Resource…


Rio Narcea eyes Tasiast

With an increasingly hostile 4-way merger battle raging elsewhere, Rio Narcea Gold Mines (RNG-T) and Defiance Mining (DM-T) have tabled plans for a friendly share-swap deal valued at around $52.6 million.


Pelangio Mines President and CEO Ingrid Hibbard examines core at the Detour Lake camp in northeastern Ontario.

Pelangio seeks to revive Detour Lake

Detour Lake, Ont. — Among junior resource companies, Pelangio Mines (PLG-V) is in the enviable position of having a substantial (521,965-oz.) measured and indicated gold resource on its property, site of the past-producing Deto…


TSX adds mining companies, clout

Healthy metal prices lured 19 mining companies to list on the Toronto Stock Exchange in the first half of 2004, adding $2.3 billion (US$1.7 billion) to a bourse already rich in resource companies.



Sub-Sahara explores Debarwa in Eritrea

Vancouver — Drilling by Australian-listed Sub-Sahara Resources on the Debarwa deposit in Eritrea has returned impressive gold and silver grades, in addition to copper in the Supergene zone.





Canadian Stock Exchange Indices (July 12, 2004)


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