Northern Star proves up Midway project
Vancouver — Encouraging drill results from its Midway gold property, west of Val d’Or, Que., have prompted Northern Star Mining (NSM-V) to acquire another 688 acres.Dubbed Cadillac, the new property …
Barrick Gold Corporation
Sulliden targets oxides
Preliminary drilling at the Shahuindo gold-silver property in Peru has led to the discovery of further promising mineralization for Sulliden Exploration (SUE-T).Situated 15 km west of the city of Caja…
Broad market slips as gold miners rise
The Standard & Poor’s/TSX composite index began the Aug. 20-26 report period on a high note, only to succumb to bearish mentality by its close. The result was a value reduction of 32.09 points, as the…
People (August 25, 2003)
Barker — Trygve Hoy hired as a consultant in the Cariboo mining district of B.C.Barrick Gold — Peter Kinver appointed executive VP of operations.Dumont Nickel — David Constable appoint…
Bulls charge, gold bugs fly higher
The “Blackout of 2003” failed to darken the mood of investors, who pushed the Toronto Stock Exchange composite index 128.80 points higher over the Aug. 13-19 report period. The benchmark finished at 7…
Financings the fashion on TSX
The Toronto Stock Exchange composite index regained lost ground, and then some, ending the Aug. 6-12 report period 214.96 points higher at 7,354.02.The surge was powered by gold, which jumped US$8.10 …
Agnico-Eagle buys Bousquet assets (August 18, 2003)
Agnico-Eagle Mines (AGE-T) is buying a 100% interest in Barrick Gold’s (ABX-T) Bousquet gold property, situated immediately west and south of the former’s LaRonde gold mine in northwestern Quebec.Incl…
Goldcorp juggernaut keeps on rolling
Goldcorp (G-T) enjoyed another strong quarter, thanks to higher gold prices and the exceptional quality of the Red Lake mine in northwestern Ontario.Second-quarter earnings jumped 11% to US$17.8 milli…
Glamis lowers gold output
Vancouver — A production shortfall at its flagship San Martin mine in Honduras resulted in relatively flat profits for Glamis Gold (GLG-T) in the second quarter.The Reno-based company posted net inco…
Barrick sees operating cash flow shrink
Lower production and higher costs at the Meikle mine in Nevada prevented Barrick Gold (ABX-T) from realizing stellar earnings in the quarter ended June 30.The major reported a profit of US$59 million …
Holiday hangover overcomes market
The holiday-shortened July 30-Aug. 5 report period was marked by more sellers than buyers, causing the Toronto Stock Exchange composite index to slip 37.81 points and land at 7,180.54.Gold reversed co…
Barrick geologist killed in Peru
Jorge Injoque, a geologist working for Barrick Misquichilca, the Peruvian subsidiary of Barrick Gold (ABX-T), has been killed after five men wearing masks attacked a Barrick exploration camp in the An…