Committee Bay seals deal with Gold Fields
Vancouver — With the results from a 1,477-metre drill program in hand, Gold Fields (GFI-N) has elected to proceed with a joint venture agreement at Committee Bay Resources’ (CBR-V) flagship gold prop…
Gold Fields Limited
Gold Fields, Anglo ink deal
Vancouver — South African-based rivals Gold Fields (GFI-N) and AngloGold (au-n) have elected to team up in the country’s Driefontein mining area.AngloGold will buy a portion of Gold Fields’ Block 1C1…
Birim cuts gold in Ghana
Reconnaissance drilling by Birim Goldfields (BGI-T) has led to the discovery of several gold prospects at the Bui project in west-central Ghana.The program, entailing 3,411 metres in 59 reverse-circul…
Outokumpu swaps assets with Boliden
An asset-swap deal between Scandinavian metal producers Outokumpu of Finland and Boliden (BLS-T) of Sweden will move almost all Outokumpu’s remaining mining assets to Boliden.The exchange will give Ou…
Committee Bay yields high-grade gold (September 08, 2003)
Vancouver — A 1,477-metre drill program by partners Committee Bay Resources (CBR-V) and Gold Fields (GFI-N) has returned impressive values from the Three Bluffs zone on the Committee Bay gold project…
Gold Fields takes out Arctic Platinum (August 18, 2003)
Vancouver — South Africa’s second-largest gold producer has acquired Outokumpu’s 49% stake in the Arctic platinum project in northern Finland.Gold Fields (GFI-N), which already owns 51% of the projec…
Rising rand hits African gold miners
Vancouver — Africa’s biggest gold producers felt the impact of a falling U.S. dollar during the second quarter.AngloGold (AU-N) earned US$66 million in the three months ended June 30, or 11% less tha…
Gold Fields doubles Radius stake (August 11, 2003)
Vancouver — South African-based Gold Fields (GFI-N) now holds a 12.9% stake in junior Radius Explorations (RDU-V).The major, which currently lays claim to 3.6 million shares of the Simon Ridgway-led …
El Callao district abuzz with activity
El Callao, Venezuela — It’s a story that would make a Goldcorp shareholder nod and smile in recognition: workers at a tired, high-cost underground gold mine in a historic gold camp drill into a new z…
South Atlantic buys stake in Arctic Platinum
Vancouver — South Atlantic Ventures (SAA-V) will pay US$23 million in cash and US$8 million in shares for Outokumpu’s 49% interest in the Arctic Platinum partnership (APP), an exploration project in …
Golden Star to double production
Denver-based Golden Star Resources (GSC-T) expects to be pouring gold from its Wassa project, 150 km west of Accra, Ghana, in the first quarter of 2004.An independent feasibility study envisages an op…
Gold majors on the march
Even with gold languishing in the low US$350-per-oz. range, all the U.S.-listed gold majors enjoyed strong gains through the report period ended July 1.Sector-leader Newmont Mining jumped $1.58 to US$…