Australian-based resource companies have watched with envy as their North American counterparts raised millions of dollars to acquire and explore mineral projects in every corner of the globe. Now, so…
Toronto-based Barrick Gold (ABX-T) will take over a 50% interest in the Ligneris gold project in northwestern Quebec. The interest is currently held by Placer Dome (PDG-T).Barrick plans to launch a $5…
Junior explorer Redbird Gold (RBD.A-A) has set a date for its shareholders to consider the takeover of two Albanian mining companies. In the meantime, the trading of Redbird’s shares has been halted b…
Slovakia, the small Eastern European country whose gold production helped finance the various empires to which it belonged over the centuries, still has much gold to offer. Now, with the Warsaw Pact d…
As diamond drilling continues to explore the huge Bulyanhulu gold deposit in Tanzania, Sutton Resources (STT-V) has started an independent study of underground development.Sutton holds an 85% interese…
Following its recent merger with exploration affiliate HRC Development, Eldorado Gold (ELD-T) has climbed into fifth spot among landholders in Brazil, behind state-owned Comphania Vale de Rio Doce, RT…
Aggregate gold demands in the markets monitored by the Geneva-based World Gold Council reached 655 tons in the third quarter of 1996, just 2% below the record high of 668 tonnes for the corresponding …
Toronto-based Goldcorp’s (G.A-T) bid for subsidiary Wharf Resources (WFR-T) has received a lukewarm vote of confidence from Wharf’s independent directors following a valuation of the company.Wharf’s d…
The second phase of a 50,000-ft. drill program is under way at the Riyadh gold property in Ghana, West Africa.Operator Intenational Tournigan (ITG-V) says new roads and 15 drill pads have been constru…
Having closed the acquisition of the Nanisivik mine in the Arctic, and with the Caribou and Restigouche mines slated for production, Breakwater Resources (BWR-T) expects to be the third-largest zinc p…
Junior Eldorado Gold has completed its merger with exploration affiliate HRC Development and entered into a $91-million financing agreement.A syndicate of underwriters will buy 10 million special warr…
Stephen Mlot appointed president and director; John Hill appointed director.
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