The report period ended Dec. 14 culminated in the Federal Reserve’s delivery of a widely anticipated 25-basis-point increase in the target overnight interest rate to 2.25%. Meanwhile, the wider markets rallied as the U.S. dollar firmed, with both…
A significant decline in precious metal prices over the week took the wind out of the junior resource market. The S&P-TSX Venture Composite Index closed at 1,721.79 for the week Dec. 8-14, up slightly from previous week’s close of 1,712.19, but no…
Vancouver — A positive resource estimate has induced Richmont Mines (RIC-T) to acquire a majority interest in the Island Gold project in Ontario from Patricia Mining (PAT-V).
Vancouver — Placer Dome (PDG-T) predicts higher production costs for its gold and copper operations in 2005, owing to a weak U.S. dollar, and only a slight increase in metal production. However, strong gold and copper prices sh…
Vancouver — A disgruntled major shareholder in Arizona Star (AZS-T) is trying to wrestle control of the junior miner away from its affiliate, Bema Gold (BGO-T), through a heated proxy battle that was to have…
Val d’Or, Que. — Northern Star Mining (NSM-V) is working steadily toward defining a gold resource that will revive the historic Malartic Goldfields mine property, 16 km west of here, and its goal is closer with each positive dr…
This is the second of two parts taken from a paper titled China Minmetals and Noranda: A Backdoor Nationalization Process of Canada’s Natural Resources? Part one was published in the Dec. 10-16 issue of The Northern Miner. The paper was written an…
Vancouver — First Quantum Minerals (FM-T) has discovered a new area of copper mineralization at the Kashime prospect, part of the Mkushi property in Zambia.
The equity offering to finance OntZinc‘s (OTZ-V) purchase of Hudson Bay Mining & Smelting will raise up to $143.8 million, following agreements with a syndicate of seven investment houses.
Nov. 30 was the last day to stake a mining claim in British Columbia. After January 2005, all mining properties will be acquired online via the Internet.
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