Canadian junior drilling alone in South Korea
Oriental Minerals (OTL-V), the only foreign mining company in South Korea, has started drilling at its newly acquir…
Gold
Palmarejo cuts high-grade gold at Guadalupe
Vancouver – Deep drilling by Palmarejo Silver and Gold (PJO-V, PJOFF-O) on its Guadalupe project in Chihuahua State…
Aurizon gold mine almost ready to go
Vancouver-based Aurizon Mines (ARZ-T, AZK-X) is days away from beginning operations at its Casa Berardi gold mine i…
Sultan aims to restart B.C. tungsten mine
Vancouver – Sultan Minerals (SUL-V) wants to take advantage of buoyant commodity prices by bringing a former Britis…
Queenstake disappoints with US$8.1-million Q3 loss
Vancouver – Reduced gold output coupled with higher commodity and labour costs pushed Queenstake Resources (QRL-T, …
Record Q3 gold output for Glencairn
While able to celebrate record third-quarter revenue and gold production, Glencairn Gold (GGG-T, GGG-X) still manag…
Metallica, Xstrata upgrade El Morro copper-gold resource (November 13, 2006)
Metallica Resources (MR-T, MRB-X) has announced a substantial upgrading of its La Fortuna copper-gold deposit at it…
Lihir to take over Ballarat (November 13, 2006)
Lihir Gold (LIHR-Q, LHG-A) has offered to take over Ballarat Goldfields (BLRTF-O, BGF-L, BGF-A) in an all-paper merger that values Ballarat at A$350 million ($300 million). The proposal is to trade fi…
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…
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…
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.
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 …