Northern Orion joins Wheaton
Vancouver — the Unidentified Third Party That Agreed to Share the Us$180-Million Price Tag for a 25% Stake in the Bajo De La Alumbrera Gold-Copper Project Has Been Unmasked. Northern Orion Exploratio…
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Candor eyes Mary March (April 14, 2003)
Candor Ventures (CND-V) has signed a letter of intent to acquire a half-interest in the promising Mary March massive sulphide property from the Canadian exploration arm of Phelps Dodge (PD-N).Situated…
Jerritt Canyon deal in Nevada falls through
Shares in Queenstake Resources (QRL-T) plummeted 17, or nearly 45% of their value, in early trading on April 8 after the company said it was unable to settle on a new deal to acquire the Jerritt Cany…
A steady rise in the gold price is more durable Back to earth
The gold price is back where it was last September, around the time that Barbra Streisand started quoting fake verses from Julius Caesar as a prop for her political leanings. Mind you, for all that “b…
Managing legal disputes abroad
Those of us who do business in developing countries often find ourselves thinking: If only it could be like back home. However, if one plans ahead and recognizes, in advance, that one has to do things…
The Russian market
It is estimated a third of the world’s mineral reserves are in Russia, where the mining market is dominated by Norilsk Nickel, diamond miner Alrosa, and oil and gas giant Sakhalin. These companies inv…
Geomaque reworks Defiance deal with Aussie miner St Barbara
Under a revised plan, Geomaque Resources (GEO-T) will play a larger role in the creation of an international gold mining company.In January, Geomaque announced plans to merge with Australia-listed St …
Anglo greases drills at Boyongan project
Vancouver — Anglo American (AAUK-Q) is sending eight drill rigs to explore the Boyongan project in the southern Philippines. The property is held equally by Anglo American and Philex Gold (PGI-V).Ang…
Cheviot mine on hold
Poor markets for metallurgical coal have caused Fording Canadian Coal Trust (fdg.un-t) to suspend development at its Cheviot coal project near Hinton, Alta., until markets improve.Cheviot, which had b…
War jitters weaken junior exchange
Vancouver — Canada’s junior exchange drifted lower during the report period ended April 8, as investors elected to lighten their positions ahead of further geopolitical and economic developments. The…
Q4 casts pall over Apollo Gold
Vancouver — Mid-tier miner Apollo Gold (APG-T) felt the impact of non-cash charges during its inaugural year of operation.The Denver-based company suffered a loss of C$4.8 million (or C25 per share)…
Limousine Butte returns to Nevada Pacific
Vancouver — Junior Nevada Pacific Gold (NPG-V) has reacquired sole ownership of the Limousine Butte project in Nevada.The company picked up the remaining 50% interest it did not already own from Newm…