TVX, Kinross hampered by legal disputes
Only days before shareholders were scheduled to vote on a proposed 3-way merger, two of the companies involved, TVX Gold (TVX-T) and Kinross Gold (K-T), were facing legal disputes.TVX announced that a…
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Editorial Cartoon (February 03, 2003)
Iamgold execs cash in options
Recent insider trading transactions reported by the Ontario Securities Commission include the following:n Aurizon Mines (ARZ-T) — Ian Walton, director, sold 10,000 shares at $1.32 apiece to hold 764,…
QGX doubles working capital
Waterdown, Ont.-based QGX (QGX-V) has raised $3 million for its Golden Valley gold project in Mongolia.The company sold 2.5 million shares at $1.20 apiece, compared to the 2.8 million shares it sold i…
Wheaton eyes $150m private placement
Wheaton River Minerals (WRM-T) will privately place US$150 million worth of shares and warrants to help cover the cost of buying the Peak gold mine in Australia and a quarter-interest in the Bajo de l…
Maggie Hays gets green light (February 03, 2003)
Vancouver — LionOre Mining International (LIM-T) is proceeding with a US$13-million development program at the Maggie Hays nickel project in the Lake Johnston region of Western Australia.The deposit,…
Vaughn addresses CIM
Globalization and its effects on Canadian mining will be the topic of a talk delivered by Steve Vaughan, a partner with Toronto law firm McMillan Binch, at the next luncheon of the Canadian Institute …
Gold’s buoyancy tied to sagging greenback
This article is the first in a series devoted to precious and base metals markets and was culled from Barclays Capital’s monthly report The Commodity Refiner. This week’s instalment focuses on gold. P…
Noranda to idle troubled Magnola plant
Noranda (NRD-T) will temporarily close its 80%-owned Magnola magnesium plant in Danville, Que., and take an after-tax charge of $630 million against fourth-quarter earnings. The move will affect 380 w…
St. Jude’s South Benso fills out
Infill drilling by St. Jude Resources (SJD-V) at the South Benso gold property in Ghana has extended the Subriso East zone to surface.Five holes were sunk in Hill B to test updip projections of minera…
Alamos, National Gold raise US$4m prior to merger vote
Vancouver — Alamos Minerals (AAS-V) and National Gold (NGT-V) have arranged financing with H. Morgan & Co. to prepay outstanding debentures issued for the Salamandra gold property in Mexico.The deben…
Gold returns to its role as gauge of tension Barometer rising
Whether or not Western democracies finally take steps to get rid of the threat posed by Saddam Hussein’s Iraq, it is plain that the gold price is back to its old practice of rising whenever there is a…