Pangea poised for success in Tanzania
Recognizing the potential of the Tanzanian Lake Victoria goldfields of East Africa early on, Pangea Goldfields (PGD-T) began acquiring properties there in the early 1990s. It now boasts a portfolio of…
Barrick Gold Corporation
Old Economy holds firm as New Economy shakes
Bubbles don’t stay aloft forever, and the giant one propelling the much-ballyhooed New Economy was hit by a mean downdraft over our report period ended April 18. While bargain-hunters jumped in to kee…
Broad market rebounds but resource stocks mixed
Recouping over a quarter of the loss reported for the previous period, the Toronto Stock Exchange 300 index climbed 216.19 points between April 5 and April 11 to end the week at 9,358.03, or 2% higher…
Low prices take toll on gold mines
The prolonged slump in gold prices has taken its toll on a number of low-grade, bulk-tonnage gold projects in South America, leaving only a handful of robust projects able to survive the rocky road to…
Radius advances Latin American gold prospects
With two previous discoveries under their belts in Central America, the principals of Radius Explorations (RDU-V) have turned their attention to two promising gold prospects: El Salitre, 15 km west of…
Cardero picks up Cori Huarmi project
Junior Cardero Resource (CDU-V), formerly Sun Devil Gold, recently signed an option agreement with Peruvian-based Minera Andina de Exploraciones (Minandex) for a 60% interest in the Cori Huarmi gold p…
Partners resume work at Magistral
Partners Inca Pacific Resources (IP-V) and Anaconda Chile have kicked off a spring exploration program at their Magistral copper-skarn target in Peru.Anaconda stands to earn a 51% interest in the prop…
AngloGold buys stakes in Geita, Morila
For US$205 million in cash and help in obtaining project financing, AngloGold (au-n) has struck a preliminary deal to buy a 50% interest in Ashanti Goldfields’ (ASL-N) Geita gold project in Tanzania.T…
AngloGold expands presence in South America
The world’s largest gold producer has set its sights on several prospective areas of South America as part of an ongoing effort to expand beyond its operating base in South Africa.In the past year, An…
Panic hits broad market but sidesteps resource stocks
Stricken by panic leading up to and following the much-anticipated U.S. federal court ruling against Microsoft, the Toronto Stock Exchange 300 index nosedived 781.01 points between March 29 and April …
Tech meltdown shakes Canada’s juniors
The technology index plummeted a staggering 17.5% on Canada’s junior exchange, losing 1,275.09 points over the week ended April 4. The Canadian Venture Exchange index lost 376.43 points, or 8.6%, duri…
Partners unveil reserves at Veladero
Homestake Mining (HM-N) and Barrick Gold (ABX-T) have announced reserves of 4.8 million oz. gold and 65.7 million oz. silver at their 60-40-held Veladero property in northwestern Argentina.The propert…