Gold Fields to buy WMC’s gold mines
Consolidation in the gold sector continues apace, with South Africa’s Gold Fields (GOLD-Q) striking a deal to buy WMC’s (WMC-N) St. Ives and Agnew mines in Western Australia.Gold Fields will pay US$18…
News
Namco secures more funds
An arms-length loan provides Namibian Minerals (NMR-T) with US$6 million to continue marine diamond production off the coast of the southwest African nation.The loan, provided by a subsidiary of the c…
Ashton hits apparent kimberlite at Otish
Ashton Mining of Canada (ACA-T) has intersected what appears to be kimberlite in the first hole of a drilling program in the Otish Mountains region of north-central Quebec.A vertical hole drilled into…
Market selloff looks ephemeral
The pancake collapse of the towers of the World Trade Center was mimicked by the stock markets of the industrialized world.The panic that gripped the world’s bourses in the week following the terroris…
News – 01-OCT-01
PEOPLE (October 01, 2001)
Atna Res. — James Hesketh appointed director.Iriana Res. — Michael Thirnbeck appointed general manager.Mazarin — Francois Goyette appointed general manager.Nord Pacific…
Noranda tables La Fortuna resource
Having inferred a sizable resource, Noranda (NRD-T) has decided to drill an additional 12,000 metres at the El Morro copper-gold project in north-central Chile.Resources in the La Fortuna zone are peg…
Exchange Rates (October 01, 2001)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)b>DateSept. 25Sept. 24Sept. 21Sept. 20Sept. 19US$ in C$…
Goldcorp extends Red Lake mineralization
Hot on the heals of its latest reserve update, Goldcorp (G-T) has announced the discovery of new mineralization at the Red Lake gold mine in northwestern Ontario.Reserves were recently upped by 25% to…
Wheaton sells George Lake
Junior gold producer Wheaton River Minerals (WRM-T) has arranged to sell its George Lake project, near Bathurst Inlet in Nunavut, to Kinross Gold (K-T) in return for 4 million shares, worth about $6 m…
NAME CHANGES (October 01, 2001)
Icelandic Gold (YCE-V) has changed its name to PGM Ventures (YPG-V) on a 1-new-for-1-old share basiCanada Fluorspar (CFI-V) has changed its name to Continental Ridge Resources…
Correction (October 01, 2001)
In our article “Franco to control Echo Bay in debt deal” (T.N.M., Sept. 17/01), we reported that Echo Bay Mines (ECO-T) would still owe accrued interest on capital securities being converted to shares…