News

NEWS ROUNDUP — Cancelled dividend hurts Redstone

Cancellation of a previously declared dividend by Falconbridge Dominica C. por A. (Falcondo), a subsidiary of Falconbridge, has resulted in decreased net earnings for Redstone Resources (TSE). Redston…



PNG seeks larger stake in Porgera

The new coalition government of Papua New Guinea (PNG) headed by Prime Minister Paias Wingti has served notice that it plans to seek an additional 20% to boost to 30% its stake in the Porgera gold min…





U.S ROUNDUP — Centurion terminates joint venture

A legal dispute was recently settled between Centurion Mines (NASDAQ) and Crown Resources (NASDAQ) relating to the Kings Canyon property in Utah. A joint venture was also terminated between the compan…




CMP buying Plexus shares

Through various private agreements, CMP Resources (ME) plans to acquire three million shares of Plexus Resources (TSE) and become the single largest shareholder of Plexus with a 25.45% interest. CMP r…


Barrick, Newmont sign agreement

A definitive joint cooperation agreement has been signed by American Barrick Resources (TSE) and Newmont Gold (NYSE) for development of the gold producers’ common areas in the northern sector of the C…



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