Northgate makes hostile bid for Aurizon
Vancouver — As part of a strategy to boost its production profile and market valuation, Northgate Minerals (NGX-T, NXG-X) has launched an unsolicited takeover bid for Aurizon Mines (ARZ-T, AZK-X), a…
Gold
Editorial: Mongolian gov’t betrays Western miners
Mid-May saw the executives of the West’s mining and mineral exploration companies mentally move Mongolia from the “promising underdog” column over to the one titled “Third World basket-case” — so joi…
Instability could place Peru in peril
Lima, Peru — As soaring oil prices and equipment delays push miners’ operating costs to record levels, bullion is offering some insurance, and mining companies in Latin America are gratified that the…
TSX runs gold index up flagpole (May 29, 2006)
Details are sketchy, but the Toronto Stock Exchange (TSX) and rating and index agency Standard & Poor’s will develop a Global Gold Index to track the share prices of leading gold mining companies….
Int’l Minerals tops up treasury to develop Rio Blanco
Vancouver — Closure of its $92-million public offering has International Minerals (IMZ-T, IMZLF-O) with funds in hand to advance construction and development of its Rio Blanco gold-silver project in…
Agnico-Eagle expands as costs fall
Agnico-Eagle Mines (AEM-T, AEM-N) continues to build on its impressive assets with the announcement that it will go ahead with its LaRonde II project in northwestern Quebec….
Andean American alone at Invicta
Vancouver — Junior gold producer Andean American Mining (AAG-V, ANMCF-O) will advance its Invicta gold project, in west-central Peru, on its own, following notice that Barrick Gold (ABX-T, ABX-N) wil…
South Deep production halved for up to a year (May 29, 2006)
After a recent accident that could halve production from Johannesburg-listed Western Areas’ (WARSF-O) 50%-owned South Deep gold mine in South Africa for up to a year, the company plans to sell shares…
Goldcorp ready to develop Canada’s newest gold camp
Vancouver — With grades and production starting to slip at the Red Lake gold mine in northwestern Ontario, Goldcorp (G-T, GG-N) is stepping up the pace of exploration at its newly acquired lonore g…
Lincoln, Golden Odyssey team in Cortez trend
Nevada-based explorer Lincoln Gold (LGCP-O) has optioned its JDS property in Eureka Cty., Nev., to Golden Odyssey Exploration (GOE-V, GODYF-O)….
Great Basin heats up Burnstone
Great Basin Gold (GBG-T, GBN-X) plans to immediately get the permitting ball rolling after a recent feasibility study concluded that a 1.5-million-tonne per year underground mine could be supported at…
Strike prunes a week from Cambior’s Rosebel
Workers have returned to their posts at Cambior’s (CBJ-T, CBJ-X) flagship Rosebel open-pit gold mine in Suriname following an agreement with the union….