News

Afcan (AFK-T) has bought the 47% interest it did not already own in the Mt. Kakoulima nickel-sulphide project in Guinea, West Africa, from Semafo (SMF-T).

Idaho-based Coeur d’Alene Mines (CDE-N) has approved construction of a US$135-million mine at its San Bartolom silver project, near Potosi, Bolivia.

Toronto-based junior company OntZinc (OTZ-V) has closed its purchase of Hudson Bay Mining & Smelting from South African mining house Anglo American (AAUK-Q) after completing large equity and debt financings.

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.