BRT fails to yield base metals for Roca Mines
Vancouver — The 7-hole program cut a thick sequence of the favourable felsic unit, but only sporadic gold values were encountered. Hole 11, which tested the stratigraphy immediately downdip and north…
Barrick Gold Corporation
Major slippage at Grasberg
The biggest news during the report period ended Oct. 14 was a major rockfall at Freeport-McMoRan Copper & Gold’s 90.6%-owned Grasberg open-pit mine in Indonesia. Two employees are known to be dead, si…
Metal traders run down gold
Gold bugs caught a chill in the first week of October: by the morning of Oct. 7, an ounce of the yellow metal was fetching US$376.20 in London markets, or US$8.30 less than a week earlier. Silver fare…
Plexmar hikes to Peru (October 06, 2003)
Junior Plexmar Resources (PLE-V) has inked a deal to earn a full interest in the Marilia gold property in the Cajamarca department of northern Peru.The property, which covers 5 sq. km, is 15 km west o…
Cambior, Ariane kindle merger mania
The Toronto Stock Exchange’s gold index gave back its recent gains, and then some, during the report period ended Sept. 30, as the yellow metal yo-yoed its way US$3 per oz. higher to an afternoon fix …
Bruce joins Crystallex
Eight months after resigning as president of Iamgold (IMG-T) following its merger with royalty firm Repadre Capital, Todd Bruce is assuming the positions of president, CEO and director of Crystallex I…
Barrick re-shuffles management deck
The gold companies took centre-stage during the report period ended Sept. 23, as the yellow metal resumed its bull run by lunging forward $12.35, or 3.3%, to US$385.25 per oz., pulling the S&P-TSX Gol…
TSE finds footing before closing bell
Despite some teeter-tottering, and no thanks to the golds, the Toronto Stock Exchange composite index ended the Sept. 10-16 period 28.98 points ahead at 7,625.37.Precious metal prices were down across…
Tan Range’s royalty structure unique among explorers
Amongst all the junior exploration companies out there, Tan Range Exploration (TNX-V) stands alone in fully embracing the royalty business model to advance its grassroots mineral projects.Based in Van…
De-hedging accelerates
Against a backdrop of higher gold prices and lower interest rates, the global gold hedge book saw 5.2 million oz. trimmed from its pages during the three months ended June 30, helping to underpin the …
Setting down Tanzanian roots
James Sinclair has a long history of gold-exploration activity in Tanzania, having entered the country in 1989 by becoming chairman of Vancouver-based Sutton Resources.Sutton was created in part by a …
Blanchard proceeds with lawsuit
New Orleans-based Blanchard and Co., the largest retail gold dealer in the U.S., received word from the U.S. District Court for the Eastern District of Louisiana that its lawsuit against Barrick Gold …