Placer joins Minefinders in Argentina
Placer Dome (PDG-T) has agreed to earn up to a 70% interest in Minefinders’ (MFL-T) 35-sq.-km El Malacate project, part of the larger Northern Sonora property in Mexico.Placer can earn a 51% stake by …
2002
Gold outlook promising
Spot prices challenged the US$280-per-oz. level during the first few days of the new year, and the London morning fix of Jan. 7 was holding steady in that region. The U.K. gold auction of Jan. 9 was t…
Harmony makes cash offer for Hill 50
With the Normandy, Newmont and AngloGold takeover saga commanding the market’s attention, South Africa’s Harmony Gold Mining (HGMCY-Q) is taking a run at Australia’s Hill 50 Gold, which last year prod…
Canadian Stock Exchange Indices (January 14, 2002)
DateJan. 8Jan. 7Jan. 4Jan. 3Jan. 2HighLowTSE 3007782.047870.257833.247774.167646.7994…
Underground plan extends life of Argyle diamond mine
Despite the distinction of being the largest producer of diamonds by volume, churning out around one-quarter of the world’s supply, the Argyle mine accounts for an estimated market share of only 6% by…
Eur. Goldfields raises funds
European Goldfields (EGU-V) has completed a non-brokered private placement of 1.5 million shares priced at $3.10 apiece.The company intends to use the $4.6 million in gross proceeds to fund exploratio…
The Northern Miner — Small Producers Index (January 14, 2002)
50.70 (+ 1.47)(Sept. 30/98 = 100)…
Cdn. Royalties raises $800,000
Proceeds from an oversubscribed private placement of flow-through shares will enable Canadian Royalties (CZZ-V) to explore its 80%-optioned Expo-Ungava project and wholly owned Phoenix prospect in the…
Summo arranges loan for Terrazas work (January 14, 2002)
Summo Minerals (SMA-T) is easing its cash crunch with a US$500,000 loan from major shareholder Resource Capital Fund II, and plans to use the money to complete a feasibility study on the Terrazas copp…
Trading Summary (January 11, 2002)
The Toronto Stock Exchange took a dive late in the day to end the week at 7,701.9 points, off 20.48 from Thursday’s…
AngloGold extends bid
South Africa’s AngloGold (AU-N) has extended by a week its offer for Normandy Mining (NDY-T) in an attempt to preve…
Control for Valerie Gold heats up
Vancouver — The battle over control of Valerie Gold Resources (VLG-V) entered round two with Frank Lang, the presi…