Barrick extends NovaGold bid, again
Vancouver — Barrick Gold (ABX-T, ABX-N) has again extended its takeover bid for NovaGold Resources (NG-T, NG-X), pushing back the expiry date for the offer until Oct. 24.
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Canadian Gold Mutual Funds (October 23, 2006)
Fund name Oct 16($) Oct 6($) Change($) Change(%) YTD(%) MER*(%) Assets*(M$) AGF Pr Mtl 22.66 22.13 0.53 2.4 38.9 2.68 407 Altamira Pr & Str Mtl 10.88 10.52 0.36 3.4…
Nuinsco readying estimate at Lac Rocher (October 23, 2006)
A 2,087-metre drill program at the Lac Rocher nickel prospect in northwestern Quebec should allow Nuinsco Resources (NWI-T, NUIRF-O) to put together a resource figure for the zone it discovered in 199…
First Metals heading underground at Fabie
The province of Quebec has issued a permit to First Metals (FMA-T) to extract a 50,000-tonne bulk sample from the Fabie Bay copper deposit in northwestern Quebec, allowing quick feasibility work on th…
U.S. Markets October 10-16
Modest rises on United States stock markets were overshadowed by big gains in the mining equities during the reporting period Oct. 10-16. While the Standard & Poor’s 500 index rose just 18.39 poin…
Axmin tallies Sierra Leone gold resource (October 23, 2006)
Axmin (AXM-V, AXMIF-O) has released an initial resource estimate for its grassroots Komahun prospect, which forms part of its Nimini Hills project in Sierra Leone.
Dividends (October 23, 2006)
Company Div. Pay Record ($) Date Date Royal Gold 0.055* Oct 20 Oct 6 Goldcorp 0.015* Oct 27 Oct 20 Pr Mtls Mng Trust 0.05 Nov 15 Oct 31 Alcoa…
Strike averted at Teck’s Highland Valley
Vancouver — Teck Cominco (TCK.B-T, TCK-N) and Local 7619 of the United Steelworkers of America have averted a strike at the Highland Valley copper mine, 60 km southwest of Kamloops, B.C., with worker…
Beacon mill sold
Northern Star Mining (NSM-V, NSMSF-O) continues its garage-sale prowl in northwestern Quebec’s Abitibi region. Having already bought a bargain headframe and hoist for its underground operation at Midw…
African Copper to go ahead at Dukwe (October 23, 2006)
African Copper (ACU-T, AFNCF-O, ACU-L) will start construction of a mine at the Dukwe copper project in Botswana, with the hope of starting production in 2008.
Crescent Gold nears production Down Under
LAVERTON MINE TO POUR GOLD BY YEAR-END
Exchange Rates (October 23, 2006)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)