First Dynasty gets green light in Armenia
Despite the gloomy gold market, First Dynasty Mines (FDM-T) is entering the new year with a bang.Recently completed independent prefeasibility studies give the “thumbs-up” sign for the redevelopment o…
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PEOPLE — MANSFIELD
Patrick J. Burns appointed vp exploration.
Greenstone launches second program at Hemco
Impressed by results from a first phase of exploration on its Hemco gold concession in northeast Nicaragua, Greenstone Resources (GRE-t) plans to begin second phase shortly.The exploration program, wh…
Echo Bay mothballs Lupin gold mine — McCoy/Cove operations scaled back
The pressure to lower operating costs to keep pace with the falling price of gold has become too much for Echo Bay Mines (ECO-T), which has announced the closing of one mine and the scaling back of op…
NEW HORIZONS — Silver and the sun
Solar Two, the latest advance in the use of mirror technology for the conversion of solar energy to electric power, is now operational. Dependent on silver-coated mirrors for the highest possible refl…
Rayrock shelves reorganization plan
A reorganization plan that would have consolidated Rayrock Yellowknife Resources (RAY-T) with two affiliated companies did not receive enough support from shareholders, thus forcing Rayrock management…
GREATEST VALUE TRADED, Dec. 31-Jan. 6
ExchgVal($000s)HighLowCloseChangeInco LtdT98218…
Laminco and Aur Resources complete $250,000 private placement — Consolidated Abitibi and Laminco to amalgamate
A proposed transaction among Aur Resources (AUR-t), Laminco Resources (LMR-T) and Consolidated Abitibi Resources (CAG-M) will create a new company with more than $3 million in working capital and sign…
EDITORIAL — Fraser Institute blames government policies — B.C. rating lowest in Canada
Mineral-rich British Columbia has been rated “the least attractive” province for new exploration investment by a Fraser Institute survey of senior and junior mining companies operating in Canada.The B…
Cayman court freezes Felderhof assets — Bre-X bankruptcy trustee will also seek release of FIA report
The assets of John Felderhof, Bre-X Minerals’ former vice-chairman, may not be as secure as some had thought.The Grand Court of the Cayman Islands has granted an injunction preventing Felderhof, his w…
St Andrew raises funds
St Andrew Goldfields (SAS-T) has completed a private share offering to raise gross proceeds of $5 million.The deal, which was arranged by St. James Securities, comprised 500,000 flow-through shares an…
Boliden extends Westmin takeover deadline
Base metals major Boliden (BOL-IR-T) has moved back the expiration date of its takeover bid of Westmin Resources (WMI-T) to January 21 from January 9.In exchange for the bid extension, Westmin agreed …