Barrick Clears Hedge, Takes US$159M Loss
Vancouver — Swallowing some bitter medicine, Barrick Gold (ABX-T, ABX-N) reported a US$159-million (US18 per share) first-quarter loss resulting from the elimination of its gold sale contracts.
Gold
Intrepid to Refocus on Growth After Difficult Merger
SPECIAL TO THE NORTHERN MINER
Rainy River Heats Up Northwest Ontario Gold District
The Rainy River gold district in northwestern Ontario is heating up as companies stake ground and begin drilling around the flagship property held by Vancouver-based Rainy River Resources (RR-V, RRFFF…
Northgate Extends Kemess South Mine Life by a Year
Vancouver — A robust metals market has led to a 1-year reprieve for Northgate Minerals’ (NGX-T, NXG-X) Kemess South gold-copper mine, in north-central British Columbia, previously scheduled to shut d…
Gold in Madagascar
Drilling at the Mountain of Gold property in central Madagascar, Pan African Mining (PAF-V, PAFRF-O) has intersected gold in an infill drill hole and along strike from previous intersections.
Oxus-KazakhGold Deal Done
Gold producer Oxus Gold (OXUSF-O, OXS-L) has a final deal with affiliate Marakand Minerals (mrkmf-o, mkd-l) that will allow it to complete a sale agreement for Oxus’s putative interest in the Jerooy g…
Metallica’s Cerro San Pedro Project Draws Fire as Production Nears
Monterrey, Mexico — As Mexico enjoys a resurgence in gold and silver mining, local and international miners have quietly celebrated the country’s stable and open mining sector, free from the environm…
ValGold Finding Mineralization at Los Patos
Following up on results achieved by earlier operators, ValGold Resources (VAL-V, VALGF-O) has intersected gold mineralization in three holes at the Los Patos gold prospect in Bolivar state, Venezuela.
Suppliers News: Finning sells $100M in trucks
Finning International’s (FTT-T) Canadian division has sold 19 new Caterpillar 797B mining trucks for more than $100…
Zinifex gets 95% of Wolfden
Zinifex (ZFEXF-O, ZFX-A) plans to make a compulsory acquisition of the remainder of Wolfden Resources (WLF-T, WLFFF…
Copper Fox increases resource but falls on market
Copper Fox (CUU-V) increased its copper and gold resources at Schaft Creek in B.C., but watched as its shares fell …
Editor’s picks: top stories of week 18
The old saw “better late than never” came to mind during the week ended May 5, the 18th trading week of 2007.Op…