News

Vancouver — Halfway through a 40,000-metre drill program, American Bonanza Gold Mining (BZA-V) is encountering additional high-grade gold intercepts at the Copperstone project in Arizona’s La Paz Cty.

The report period Dec. 22-28 was short because the TSX closed down at 1 p.m. on Dec. 24 for the holidays, and trading did not resume until Dec. 29. The price of gold closed at US$444.40 per oz. in New York on Dec. 28. At Dec. 24, the price of gold…

Stock trading during the holiday-shortened report period ending Dec. 28 was overshadowed by the impact of massive devastation along the coast of the Indian Ocean, caused by an earthquake-induced series of tsunamis. The death toll is being measured…

Mid-tier base metals producer LionOre Mining International (LIM-T) will move to a compulsory acquisition of Australian nickel producer MPI Mines after almost 95% of MPI’s shares were tendered to its takeover offer.

A deal between Compania de Minas Buenaventura (BVN-N) and Rio Narcea Gold (RNG-T) will see the Peruvian company earn a 51% interest in Rio Narcea’s Santa Marina property in northwestern Spain.

Vancouver — With a construction licence in hand, the Cameco joint venture is starting to develop the long-awaited Cigar Lake uranium project in Saskatchewan’s Athabasca Basin.

Sherritt International and its partners at the Ontario Teachers’ Pension Plan are offering a recapitalization plan to financially troubled steelmaker Stelco (S-T) , currently in bankruptcy p…

After cutting high-grade gold in drill holes, Anaconda Gold (ANX-V) is updating the gold resource at its Damoti Lake project, 200 km north of Yellowknife, N.W.T.

Vancouver — Revitalized copper and gold prices have prompted Petaquilla Minerals (PTQ-T) to reactivate its namesake copper-gold porphyry project in central Panama.