Barrick backs off hostile bid for NovaGold
The trading week ended April 20 closed with the partial resolution of a long-standing conflict in the North American gold industry.
Gold
Moly found at NW Expo
Vancouver — With the acquisition of Lumina Copper under its belt, drilling at Western Copper’s (WRN-T, WCPCF-O) North West Expo copper-gold-molybdenum project, on northern Vancouver Island, is confir…
Q1 output off 20% at Casa Berardi
Although Aurizon Mines (ARZ-T, AZK-X) produced 20% less gold in the first quarter of 2007 than planned, the company surpassed its gold grade and mill recovery estimates at its Casa Berardi mine in the…
Medoro goes for gold in Mali (April 30, 2007)
Medoro Resources (MRS-V, MRL-L) has signed an option agreement for nine gold properties in Mali, boosting and diversifying the company’s current portfolio of two adjacent properties in Venezuela.
Tenajon emerging as moly play
The recent boom in the molybdenum market has not gone unnoticed by Tenajon Resources (TJS-V, TJRUF-O).
Wesdome, WQM ponder merger
Toronto-based sister companies Wesdome Gold Mines (WDO-T, WDOFF-O) and Western Quebec Mines (WQM-T) say they are “exploring the possibility” of merging, but have the support of both boards of director…
Golden Band busy at La Ronge
Vancouver — A preliminary economic assessment evaluating production from Golden Band Resources’ (GBN-V, GBRIF-O) La Ronge gold belt projects, in northern Saskatchewan, has come back positive.
Endurance Gold advances on Pardo
Vancouver — Having recently closed about $2 million in financings, Endurance Gold (EDG-V) has kicked off this year’s exploration effort by mobilizing a geophysical crew to its Pardo project, located …
KL Gold, Queenston lock up more of Kirkland Lake camp
Queenston Mining (QMI-T, QNMNF-O) and Kirkland Lake Gold (KGI-T, KGI-L) are teaming up again in the Kirkland Lake gold camp of northeastern Ontario.
Goldcorp takes stake in Cypress
Vancouver — Cypress Development (CYP-V, CYDVF-O) has lined up Goldcorp (G-T, GG-N) to take down a $2.6-million private placement.
Barrick offloads entire stake in NovaGold (April 30, 2007)
Vancouver — Making good on the planned sale of its 14.8% stake in NovaGold Resources (NG-T, NG-X), Barrick Gold (ABX-T, ABX-N) has divested its 13.6-million share position in the company, which it ta…
Newmont acquitted on Indonesian pollution charges (April 30, 2007)
Concluding a 21-month trial in an Indonesian court, Newmont Mining (NMC-T, NEM-N) and Richard Ness, the head executive at the company’s Indonesian subsidiary, have been acquitted of charges that a New…