News

Newmont options Solitario’s La Tola

An agreement with Solitario Resources (SLR-T) allows gold-mining giant Newmont Mining (NEM-N) to earn up to a 65% interest in the La Tola property in southern Peru.




SMC Gold buys miner

Queensland, Australia-based SMC Gold intends to buy a 70% stake in the Chilean company Compania Minera Tamaya (CMT) by issuing up to 200 million shares.


Sparton at Sierra Rosario

Sparton Resources (SRI-V) can earn a 51% interest in the Sierra Rosario gold-silver project in Mexico’s Sinaloa state. To do so, Spartan must pay $130,000 to the vendor, International Northair Mines (INM-V), a…


Steady profits for Rio Narcea

Rio Narcea Gold Mines () says lower stripping costs helped boost cash flow by almost 40% to more than US$6.8 million during the last three months of 2003.


Exeter hits high grade

Drilling by Exeter Resource (XRC-V) on the La Cabeza gold project in western Argentina has returned several high-grade intervals.



Royal Gold, Capital Gold part ways

The period ended April 13 was punctuated by the mutually agreed-upon cancellation of a tentative deal that would have seen Royal Gold entirely finance the US$13.8-million cost of building Capital Gold‘s El Cha…



Tajik tempest

The week just past witnessed a trading halt in Gulf International Minerals, owner of a 49% interest in a small gold- and silver-producing operation in Tajikistan. The trading halt, imposed by Toronto Stock Exchange regulators, was lifted after the…



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