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 Gold Corporation
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…
Atna adopts mostly-gold strategy
Elko, Nev. — After years of trying to develop a string of base metal projects, Atna Resources (ATN-T) has reinvented itself as a gold explorer in Nevada’s Carlin trend.The company had tried to fund e…
Suit claims Barrick misled investors
Two U.S.-based law firms have launched a class-action suit against Barrick Gold (ABX-T) for allegedly misleading investors by forecasting higher earnings than the company delivered last year.Barrick, …
Barrick trims costs at Bulyanhulu
Barrick Gold (ABX-T) is shuffling management at its Bulyanhulu gold mine in Tanzania in an attempt to cut costs and improve performance.Ren Marion, previously the company’s head of business evaluatio…
Placer Dome gains East African Gold Mines
Placer Dome (PDG-T) has inked share purchase agreements to acquire 98% of privately owned Australian-based East African Gold Mines, thereby securing that company’s cornerstone operation, the North Mar…
Modest gains for base metals
The Toronto stock market continued its upward trend over the reporting period June 30-July 8, with the TSX composite index rising 106.50 points to close at 7,089.60 for a gain of 1.5%.The TSX gold ind…
McWatters trims production estimate
Lower-than-expected-grades at its Sigma-Lamaque open-pit operation in Val d’Or, Que., have McWatters Mining (MWA-T) looking to raise up to $7 million to remove troublesome waste.A syndicate, led by Du…
Canico steps up nickel exploration at Ona Puma
Ourilandia, Brazil — With eight drill rigs on site and four more on the way, Canico Resource (CNI-T) is intensifying exploration of the Ona Puma nickel laterite project in Brazil’s Para state.Engine…
Niocan expands niobium portfolio
Montreal-based Niocan (NIO-T) has struck a deal to acquire a second niobium property in the James Bay Lowlands from three vendors.Under the deal, Niocan would issue 2 million shares and 600,000 share …