The proposed merger deal between Iamgold (IMG-T) and Wheaton River Minerals (WRM-T), accepted by Wheaton shareholders in a June 8 vote, will go back to the shareholders of both companies at meetings in late Ju…
The TSX Venture Exchange took another hit over the June 9-15 trading period, losing almost 50 points to close at 1523. The price of gold continued to struggle and ended the period at roughly US$389 per oz., down slightly from US$391 on June 8.
The trading week ended June 15 was shortened by a national day of mourning on June 11 to honour of the passing of Cold Warrior Ronald Reagan, who was buried in Simi Valley in California following funeral services in Washington D.C. Trading action…
The week of June 9-15 saw a lot of trading, with the 10 most-active companies all trading over 7 million shares. The spot price for gold in the afternoon on June 15 in London closed at US$386.50, down US$5.85 from a week previously.
Vancouver — Ivanhoe Mines (IVN-T) has resumed drilling on the Kharmagtai property, 120 km north of its Oyu Tolgoi (Turquoise Hill) copper-gold deposit in Mongolia.
The Australian government’s 2004-5 budget failed to deliver on incentives for mineral exploration, and this failure is meeting with criticism from the mining industry.
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