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…
Barrick Gold Corporation
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…
Resource stocks fail to ride broad market wave
The March 22-28 report period proved to be a volatile one, with the Toronto Stock Exchange 300 index passing the 10,000 mark for the first time ever on March 23 — only to slip to 9,922.85 by the week…
Latest UK auction drives brief gold rally
During the March 15-21 report period, attention in the gold market was directed toward the Bank of England’s latest gold auction, held on March 21.The bank sold 25 tonnes (803,600 oz.) for US$285.25 p…
MM2000 highlights industry successes and challenges
Mining Millennium 2000 was every bit the grand convention and trade show that its organizers — the Prospectors & Developers Association of Canada (PDAC) and the Canadian Institute of Mining, Metallur…
CDNX feeds on high-tech, biotech sectors
Propelled by the speculative frenzy in the high-tech and biotech sectors, the Canadian Venture Exchange gained 150.66 points, or 3.6%, over the report period ended March 14 to close at 4,375.45. The m…