Placer cuts Madsen updip
Drilling by Placer Dome (PDG-T) at Claude Resources (CRJ-T) has intersected four zones of gold mineralization at the historic Madsen mine in Ontario’s Red Lake camp.The effort was aimed at testing for…
Placer Dome Inc
Orezone nabs Seguenega from Repadre Capital
Toronto-based Orezone Resources (ORZ-T) has added the Seguenega gold project in Burkina Faso to its exploration portfolio in West Africa.In return for a 90% stake, Orezone issued 200,000 shares to Rep…
Newmont jumps in
Applying a new twist to industry consolidation, Newmont Mining (NEM-N) has announced its intention to acquire Normandy Mining (NDY-T) and Franco-Nevada Mining (FN-T) to create the world’s large…
NovaGold expands Acma target
Vancouver — Recent drill results suggest that NovaGold Resources (NRI-T) is succeeding in defining a small but high-grade deposit within the larger resource at its Donlin Creek deposit in Alaska.Situ…
Franco, Normandy rise on Newmont bid
Gold prices experienced two mini-rallies during the Nov. 7-13 trading period before settling down to a trading range of US$277-278 per oz.The first spike came on the morning of Nov. 12 following the c…
Northern Miner Indices (November 19, 2001)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T18.7FalconbridgeFL-T5.9Franco-Nevada MiningFN-T6.5Freeport McMoRan Cop’r BFCX-N5.3Homestake MiningHM-N6.4IncoN-T9.4Newm…
Vannessa seeks injunction
Vancouver — Legal issues are once again taking centre-stage at the Las Cristinas gold property in Bolivar state, Venezuela. Minera Las Cristinas (Minca), which is 95%-held by Vannessa Ventures (VVV-V…
TVX chalks up quarterly loss (November 19, 2001)
Lower realized prices and the devaluation of the Brazilian real saw TVX Gold (TVX-T) end the third quarter in the red.Net losses in the three months ended Sept. 30 totalled US$1.1 million on revenue o…
Northern Miner Indices (November 12, 2001)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T18.7FalconbridgeFL-T5.9Franco-Nevada MiningFN-T6.5Freeport McMoRan Cop’r BFCX-N5.3Homestake MiningHM-N6.4IncoN-T9.4Newm…
Western Areas keeps stake in South Deeps
After months of wrangling, South Africa’s Western Areas has decided not to sell its 50% stake in the South Deeps gold mine, near Johannesburg.Chief Executive Officer Brett Kebble says the company cons…
Weaker US dollar to benefit gold
Gold will remain a financial refuge in these uncertain times and the year-old bull run in gold equities has not yet reached its peak, according to an October 15th report by HSBC.The document, compiled…
Bull run continues in gold stocks
Gold settled into a new, higher trading range of US$278-280 per oz. during the Oct. 31-Nov. 6 trading period, as the U.S. dollar showed some weakness in the face of widespread layoffs and slowing indu…