Gold Fields takes stake in Chakana Copper
One of the largest gold mining companies in the world has taken a shine to Chakana Copper (TSXV: PERU; US-OTC: CHKKF) and its Soledad project in Peru. Gold Fields (NYSE:…
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U.S. markets fall but gold miners shine
While fears of an American default amidst a political deadlock on raising the debt ceiling was good news for gold, which hit new highs, the effect on the U.S. markets was less positive.
Malbex continues to define promising new zone
All it took was the results from a drill hole and Malbex Resources (MBG-V) shares started running in the right direction. The company’s shares were up 24% or 14¢ to 73¢ in Toronto on March 25, with heavy volume of 3.5 million shares…
Aldridge likes what it sees at PNG discovery
When Aldridge Minerals (AGM-V) acquired a 450-sq.-km licence in Papua New Guinea (PNG) in February 2009, it fielded three requests from majors to joint-venture the property even before any samples were taken.
TSX reverses trend on Middle East unrest for Jan. 24-28 week
Toronto’s resource laden composite index rose 179 points, or 1.4%, over the report period Jan. 24-28 as unrest in the Middle East sent gold and oil higher at the end of the week. The price of crude oil slipped to the mid-80s before recovering…
U.S. Markets up for 7th straight week as gold slips over Jan. 10-14 period
As European stocks advanced for the second straight week, banks and technology companies, led by JPMorgan Chase, sent U.S. stock indexes higher, marking a seventh week of gains. The Dow Jones industrial average gained 112.62 points, or 1%, to…
U.S. Markets end year on high note
U.S. stocks closed out a second consecutive year of gains, recovering to levels last seen prior to the collapse of Lehman Brothers in September 2008 and the ensuing recession. Over the year, the S&P 500 index rose 12.8% and the Dow Jones…
Newcrest still most likely to acquire Lihir
Despite Lihir Gold’s (LGG-T, LGL-T, LIHR-N) rejection of Newcrest Mining’s (NCM-A) offer on April 1, the poten…
Rock fall kills three at Barrick mine in Tanzania (March 29, 2010)
VANCOUVER– Three miners at the Bulyanhulu underground gold mine in Tanzania were killed on March 16 by falling rocks. Owner Barrick Gold (ABX-T, ABX-N) immediately suspended mining operations and the…
NovaGold ends class action with $28-M settlement
NovaGold Resources (NG-T, NG-X) has agreed to a proposed $28-million settlement for a class action lawsuit tha…
Pakistan may renegotiate Reko Diq contract
There is new uncertainty surrounding Barrick Gold’s (ABX-T, ABX-N) and Antofagasta’s (ANTO-L) Reko Diq copper-…
Technical Analysis Report: Big Gold Miners (January 14, 2010)
With gold still grabbing the lion’s share of the headlines in the investment community, we thought it would be…