A reverse-takeover deal between Driefontein Consolidated (DRFNY-Q) and parent company Gold Fields (GDFDY-O) is the final step in a complex series of transactions aimed at quelling confusion over the o…
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As many as 25 targets will be drill-tested this winter by Ashton Mining of Canada (ACA-T) as it searches for additional kimberlites in the Buffalo Hills region of north-central Alberta.Ashton is opera…
In a move aimed at securing its first African mine, Barrick Gold (ABX-T) has offered to acquire all the outstanding shares of Sutton Resources (STT-T), 85%-owner of the Bulyanhulu gold deposit in sout…
Another year of restructuring has left Inmet Mining (IMN-T) with a healthier balance sheet and a net profit of 25 cents a share.The Toronto-based company earned $31 million on revenue of $106 million …
Despite low commodity prices and the political turmoil engulfing many African states, the mood at this year’s Investing in African Mining conference (also known as Indaba) was guardedly optimistic, as…
The introduction of the Euro-dollar by the European Monetary Union has experts speculating about the role of gold in the world economy. The World Gold Council has suggested that rivalry between the U….
Operator Atna Resources (ATN-T) and partner Energold Mining (EGD-V) have launched a 7-hole, 2,000-metre drill program on the San Antonio-1 concession in the Dominican Republic.The program will test th…
An option agreement with Cambior (CBJ-T) sets the stage for another round of exploration at Eastmain Resources’ (ER-T) Lac Elmer gold project, 300 km north of Matagami in northern Quebec.The Quebec mi…
Weak copper prices combined with a $6.6-million writedown on certain securities, properties and exploration costs resulted in a loss for Aur Resources (AUR-T) in 1998.The company posted a loss of $2.5…
A 36-hole shallow drill program by Holmer Gold Mines (HGM-T) has permitted a new resource calculation at the company’s Bristol Twp. project, west of Timmins, Ont.Holmer’s new estimate of 1.96 million …
Mindoro Resources (MIO-A) has extended a large epithermal gold system at the Tigris property on the Indonesian island of Sumatra.The gold system now measures more than 5.8 by 2.5 km, with multiple zon…
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