Barrick buys more of Porgera
Barrick Gold (ABX-T, ABX-N) has bought Emperor Mines'(EMPMY-O, EMP-A) 20% stake in the Porgera gold mine, in Papua New Guinea, for US$250 million, bringing Barrick’s interest to 95%.
Gold
Roxmark pulls high-grade gold at Northern Empire (August 27, 2007)
Recent drilling at the Northern Empire property, northeast of Beardmore, Ont., has intersected high-grade gold mineralization.
Freewest to go deeper at Clarence Stream
Freewest Resources (FWR-V, FWERF-O) intersected visible gold in all recent drill holes at its Clarence Stream property 70 km southwest of Fredericton, N.B.
Pediment jumps on gold results from Mexico (August 27, 2007)
Vancouver — A trio of strong drill results from the San Antonio gold project, in Mexico, bumped shares of Pediment Exploration (PEZ-V, PEZFF-O) up as much as 46% last month.
Editorial: Rotten week for miners
Bad news converged on the mining community from every direction during the week ended Aug. 18, the 33rd trading week of 2007.
Continental gets positive feasibility for Xietongmen (August 27, 2007)
Vancouver — Continental Minerals (KMK-V, KMKCF-O) now holds a positive feasibility study for its Xietongmen copper-gold deposit in the Tibet Autonomous Region of southwestern China.
Luiri Gold shows lustre in Zambia (August 27, 2007)
Just a little more than two months after completing a 4,200-metre drilling program at its Dunrobin and Matala gold deposits in Zambia, Luiri Gold (LGL-V) released new mineral resource estimates showin…
Highland sells loss-making Darasun mine
Highland Gold Mining (HGM-L) has sold its unprofitable Darasun mine in eastern Russia to a private mining company, Yuzhuralzoloto (Southern Urals Gold), for US$25 million.
Century wins latest court decision in Shahuindo battle (August 27, 2007)
There was little surprise for Sulliden Exploration (SUE-T, EXSDF-O) in the latest ruling by a Lima court concerning a dispute over the Shahuindo gold-silver property in Peru.
Teck Cominco and the Big Payout
Kalgoorlie, Western Australia — Executives of Teck Cominco (TCK.B-T, TCK-N) virtually sat on the doorstep of Rudi Gomez’s suburban residence in Adelaide to ensure a deal would be struck with this eng…
TVI Suffers From ‘Spreadsheet Errors’
TVI Pacific (TVI-T) says investors shouldn’t rely on its financial information from 2005, 2006 or the first quarter of 2007.
East Asia Puts Indonesian Portfolio Together
Indonesia has had an up-and-down experience with junior exploration companies, having hosted staking rushes first by a mass of Australian juniors, then, infamously, by Canadians in the mid-1990s. And …