Afcan eyes Chinese gold (October 17, 2002)
Afcan Mining (AFK-V) has signed a letter of intent to acquire an 85% stake in the Tanjianshan gold project in north…
2002
Partners pour Magistral gold
Equal partners Queenstake Resources (QRL-T) and privately held Midwest Mining have shipped their first gold bar fro…
Trading Summary (October 16, 2002)
The Toronto golds were one of just three subindices in the black on Wednesday, regaining 2.34 points or 1.4% to 166…
TVX’s big fat Greek headache
Greece’s supreme administrative court, the Conseil d’Etat, has dealt TVX Gold (TVX-T) another blow by blocking the…
Cost cutting lifts Alcan
Kicking off Canada’s quarterly earnings season in grand fashion, Alcan (AL-T) has posted higher earnings for the th…
Omolon strikes debt deal
Kinross Gold’s (K-T) 54.7%-owned Russian subsidiary, Omolon Gold Mining, has inked a deal with the Magadan administ…
Placer extends AurionGold offer (October 16, 2002)
Vancouver — With AurionGold now recommending that shareholders accept Placer Dome’s (PDG-T) $1.2 billion takeover…
Trading Summary (October 15, 2002)
Toronto’s gold index, suffering from a US$5.10-per-oz. drop by gold to US$312.40 per oz. in New York, dropped 3.74…
Placer prevails as AurionGold caves in (October 15, 2002)
Vancouver — It may have taken five long months but Placer Dome (PDG-T) has finally won over AurionGold’s managemen…
LionOre gets the nod down under
In a more cordial Australian takeover story, LionOre Australia (Nickel) independent director, Chris Baker, is advis…
IFC drops Rosia Montana
Facing pressure from environmental groups and non-governmental organizations, International Finance Corp., the Worl…
Gabriel advances Rosia Montana
In Romania, Gabriel Resources (GBU-T) has acquired 71 properties under its plan to resettle the town of Rosia Montana. The acquisitions are designed to clear the way for construction of a new gold min…