OceanaGold to buy Pacific Rim
OceanaGold (TSX: OGC; US-OTC: OGDCF) is banking on bringing its recent success in the Philippines to El Salvador.
Gold
Nautilus soars on arbitration award
The verdict has arrived much to the joy of investors.
Seabridge finds more high-grade core zones at KSM
VANCOUVER — Seabridge Gold’s (TSX: SEA; NYSE: SA) KSM project encompasses four deposits that contain 38 million oz. gold and 10 billion lb. copper. But mines for deposits that big are usually expensive to build and operate, and KSM…
Production is right around the corner for Marlin Gold
It’s not every day that you come across a junior that is on the brink of production and generating cash within four to six months, whose largest shareholder is a hedge fund with an 80% ownership stake, whose management team is headed by…
U.S. markets, Sept. 23-27
The major U.S. indexes slipped, with the Dow Jones Industrial Average retreating 192.85 points to 15,258.24, putting an end to three weeks of gains. The S&P 500 Index fell 18.16 points to 1,691.75; the Philadelphia Gold and Silver Index…
Toronto Stock Exchange, Sept. 23-27
Positive economic data out of China firmed up commodity prices and took the resource-heavy S&P/TSX Composite Index higher. The Index was up 33 points for the period, finishing at 12,844 points.
Correction
The story “Detour Lake drilling yields new gold structure” (T.N.M., Sept. 23–29/13) incorrectly identified BMO Capital Markets analyst Brian Quast as the author of a research note which was, in fact, authored by BMO Capital…
Gold Fields buys three Barrick mines in the Yilgarn
VANCOUVER — Australia has become Gold Fields’ (NYSE: GFI; JSE: GFI) most important region, expected to produce 42% of its gold now that the company has closed a deal to buy three mines from Barrick Gold (TSX: ABX; NYSE: ABX).
Newmont takes large stake in Hennigh’s Novo Resources
Newmont Mining (TSX: NMC; NYSE: NEM) has acquired a 35.7% stake in Novo Resources (CNSX: NVO), a Vancouver-based junior that is earning a 70% interest in two exploration properties in the Eastern Pilbara shire of Western Australia that…
Centerra’s compromise on Kumtor lifts political overhang
Facing penalties of US$467 million for alleged environmental damages at its Kumtor mine in Kyrgyzstan and a state commission report issued last year that concluded Centerra Gold (TSX: CG; US-OTC: CAGDF) should pay more to operate the mine, the…
Midas optimizes Golden Meadows
Midas Gold (TSX: MAX) is assessing ways to lift the economics of its wholly owned Golden Meadows gold project in Idaho’s historic Stibnite mining district ahead of a prefeasibility study that’s due in mid-2014.
Nautilus, PNG await arbitration decision
VANCOUVER — In 2011 it looked like Nautilus Minerals’ (TSX: NUS; US-OTC: NUSMF) pioneering plan to mine high-grade sea floor sulphide deposits might actually work. The company had permits, a joint venture with the Papua New Guinea…