That’s It for Teddy Bear
The board of one of Canada’s older mining companies, Teddy Bear Valley Mines, is recommending the company be wound up and dissolved.
News
Norilsk Outbids Xstrata for LionOre
Norilsk Nickel (NILSY-O, MNOD-L) has thrown a $5.3-billion offer on the table for Toronto’s LionOre Mining International (LIM-T, LMGGF-O), topping Xstrata’s (XTA-L, XSRAF-O) $4.6-billion friendly take…
CNQ Trading (May 14, 2007)
STOCK TICKER VOLUME HIGH LOW LAST CHANGE HIGH LOW May 1-7, 2007 Bannockburn Res BKNN 68 5.50 4.90 5.00 – 0.10 5.50 0.405 Calstar CALS 500 0.10 0.08 0.09 –…
DRC Woes for Africo
Vancouver — A recent court decision in the Democratic Republic of the Congo (DRC) has dealt a major blow to Africo Resources (ARL-T, AFCRF-O) concerning its recently announced 75% ownership in the Ka…
Castillian Cuts Nickel at Mangabal
Early results from a drilling program by Castillian Resources (CT-V, CTIIF-O) on the Mangabal nickel project in western Goias state, Brazil, show a couple of near-surface mineralized intersections.
Rainy River Heats Up Northwest Ontario Gold District
The Rainy River gold district in northwestern Ontario is heating up as companies stake ground and begin drilling around the flagship property held by Vancouver-based Rainy River Resources (RR-V, RRFFF…
Barrick Clears Hedge, Takes US$159M Loss
Vancouver — Swallowing some bitter medicine, Barrick Gold (ABX-T, ABX-N) reported a US$159-million (US18 per share) first-quarter loss resulting from the elimination of its gold sale contracts.
Canadian Gold Mutual Funds (May 14, 2007)
Fund name May 7($) Apr.30($) Change($) Change(%) YTD(%) MER*(%) Assets*(M$) AGF Pr Mtl 30.15 28.51 1.64 5.8 12.7 2.63 560.7 Altamira Pr & Str Mtl 13.36 12.78 0.58 4.5 3.1…
International Quotes (May 14, 2007)
Australia (A$) May 7 Apr 30 Change Bendigo Mining 0.38 0.38 0.00 Centamin Egypt 1.20 1.09 0.11 Emperor Mines 0.13 0.13 0.00 Kingsgate Cons. 5.67 5.37 0.30 Lion Selection Gp…
Northgate Extends Kemess South Mine Life by a Year
Vancouver — A robust metals market has led to a 1-year reprieve for Northgate Minerals’ (NGX-T, NXG-X) Kemess South gold-copper mine, in north-central British Columbia, previously scheduled to shut d…
Walking the Path to Production
SITE VISIT Pilanesberg, South Africa — As 37%-owner and operator of the Western Bushveld joint venture (WBJV) in South Africa, Platinum Group Metals (PTM-T, PTMQF-O) stands poised to join the…
Gold in Madagascar
Drilling at the Mountain of Gold property in central Madagascar, Pan African Mining (PAF-V, PAFRF-O) has intersected gold in an infill drill hole and along strike from previous intersections.