Ashanti bidders rebound
Mid-tier producer Randgold Resources made headlines during the week ending Aug. 12 by topping AngloGold’s bid for Ashanti Goldfields by about US$100 million. Randgold is offering one of its own…
News
Lupin down for the count
A particularly bad quarter for Kinross Gold’s Lupin gold mine in remote western Nunavut, 400 km northeast of Yellowknife, is pushing the mine closer to closure.The company acquired a 100% stake in Lup…
Randgold Resources takes run at Ashanti (August 18, 2003)
Mid-tier producer Randgold Resources (GOLD-Q) has made the proposed merger between Ashanti Goldfields (ASL-N) and AngloGold (AU-N) a whole lot more interesting by making a merger proposal to As…
Exchange Rates (August 18, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateAug. 12Aug. 11Aug. 8Aug. 7Aug. 6US$ in C$1.38521.38351.39351.3932…
Did we hear a tap opening?
It’s not like the Summer of Love in 1996 all over again (at least we hope it’s not), but the season has served us with a tray-full of financings for the junior exploration companies and small producer…
Sur eyes gold in Phillipines
Hoping to outline a bulk-minable gold deposit, Sur American Gold (SUR-V) is sampling a large epithermal system in the Eastern Mindanao mineral belt of the Philippines.Batoto sits at the southern end o…
Rio Narcea gets green light for Aguablanca (August 18, 2003)
The Spanish government has granted a mineral licence to Rio Narcea Gold Mines (RNG-T) to exploit the Aguablanca nickel sulphide deposit, northwest of Seville.The decision follows Rio’s submission of a…
Junior exchange moves up with bullion
Vancouver — Canada’s junior exchange ended the trading week Aug. 6-12 on an up-note as the price of bullion moved higher. The S&P-TSX Venture Exchange composite index gained 12.13 points, or 1% of va…
The Northern Miner Indices (August 18, 2003)
North American Mining: 83.43 (+2.31)Small Producers: 86.36 (+3.91)(Sept. 30/98 = 100)…
Agnico-Eagle buys Bousquet assets (August 18, 2003)
Agnico-Eagle Mines (AGE-T) is buying a 100% interest in Barrick Gold’s (ABX-T) Bousquet gold property, situated immediately west and south of the former’s LaRonde gold mine in northwestern Quebec.Incl…
Rock Creek shaping up for NovaGold (August 18, 2003)
Vancouver — NovaGold Resources (NRI-T) has tabled a positive scoping study of the Rock Creek project, near Nome, Alaska.Early this year, NovaGold accelerated its evaluation of the project after Place…
Dynatec, Phelps Dodge to try Madagascar laterite bet (August 18, 2003)
Mining-contractor-turned-miner Dynatec (DY-T) has taken an option to earn a 53% interest in the Ambatovy nickel laterite project in Madagascar from Phelps Dodge (PD-N).Dynatec, which absorbed the tech…