Sumitomo Buys Teck’s Pogo Stake
Debt-laden Teck (TCK. B-T, TCK-N) has struck a deal to sell its 40% interest in the Pogo gold mine in Alaska to its majority partner Sumitomo Metal Mining for about US$245 million in cash.
2009
Spot Prices (May 11, 2009)
COURTESY OF SCOTIABANK Tuesday, May 5, 2009 Precious Metals Price (US$/oz.) Change Gold $903.00 +6.00 Silver $13.11 +0.55 Platinum $1118.00 +20.00 Palladium $218.00 +1.00 Base Metals P…
Japan, China, South Korea In Energy Shopping Spree
Taking advantage of depressed prices, energy-poor but cash-rich industrial powerhouses Japan, China and South Korea have embarked on large-scale buying of energy assets.
Donlin Creek Costs Hit US$4.5B
VANCOUVER — NovaGold Resources (NG-T, NG-X) has been hit with another massive projected capital cost increase: an updated feasibility study for the Donlin Creek gold project in Alaska pegged developm…
Uracan cuts more uranium at North Shore
Uracan Resources (URC-V) has intercepted uranium on the Double S zone at its North Shore project in Quebec, extendi…
Far West boosts resource and recovery at Santo Domingo
Vancouver – Far West Mining (FWM-T) has nearly doubled the size of the Santo Domingo copper-iron project’s resource…
Chesapeake Gold to use 14.7-million oz. resource in scoping study
Chesapeake Gold (CKG) has deemed the Metates gold-silver project in Durango state, Mexico to have measured and indi…
Eldorado Gold Q1 production falters; share-price holds
Vancouver – News of falling revenues, gold sales and production in the first quarter of 2009 barely dented Eldorado…
BC First Nations, lobby groups, against Enbridge pipeline
First Nations, ethical and environmental groups from British Columbia were in Toronto on May 6 to protest Enb…
Major gold miners hope Goldcorp’s numbers show the way
Lower cost and more gold production proved to be the simple and the winning formula for Goldcorp (G-T) as it announ…
Russia: a land of opportunities and risks
In our April 27-May 3/09 issue, we wrote about Russia’s new strategic sectors law, and about the Canada-Russia Mini…
Blackstone advances Scandinavian nickel projects
Vancouver – Thanks to momentum supported by loftier pre-economic meltdown nickel prices Blackstone Ventures (BLV-…