Barrick plans buyback (May 19, 2003)
Barrick Gold (ABX-T) has budgeted up to US$500 million for a share buyback program aimed at propping up its faltering share price.The world’s third-largest gold producer plans to buy up to 35 million …
Barrick Gold Corporation
Golds slump in quiet market
The Toronto market plunged early in the five trading days May 7-13 but rallied to finish the period fractionally higher. The TSX composite index closed May 13 at 6,702.91, up 9.2 points over the previ…
Barrick’s earnings slump as costs rise
Whereas most gold companies saw their bottom lines strengthened during the first quarter, Barrick Gold (ABX-T) suffered shrinking profits and revenue as production fell and costs rose at many of its b…
Broad market stages rally
Fueled in part by gains in the gold and base metal sectors, the Toronto Stock Exchange rocketed 148.32 points over the April 30-May 6 report to land at 6,693.71.By the period’s end, the gold group had…
IMA rides the Patagonia silver bullet
Gastre, Argentina — Spectacular silver assay results highlight the new, grassroots Navidad discovery in the Patagonia region of southern Argentina.Geologists for IMA Exploration (IMR-V) found bonanza…
Agnico-Eagle buys out Breakwater at Lapa (May 05, 2003)
Hungry to expand beyond its single LaRonde gold mine in northwestern Quebec, Agnico-Eagle Mines (AGE-T) has struck a deal to acquire Breakwater Resources’ (BWR-T) interest in the Lapa high-grade gold …
Profit-takers step in
The Toronto Stock Exchange moved lower over the report period April 23-29, with profit-taking marking the end of a rally that lasted more than three weeks. The TSX Composite index fell 37.53 points to…
Benchmark, gold stage rally
The Toronto Stock Exchange composite index began the holiday-shortened April 16-22 report period in retreat mode but quickly found its footing to finish the week 97.74 points ahead. Fueling the rally …
Barrick’s Oliphant receives sweet sendoff
Dry any tears you may have shed for Randall Oliphant, unceremoniously dumped in February from his position as president and CEO of Barrick Gold.While that move was widely viewed as Oliphant’s punishme…
Cameco swept away by McArthur River flood
Cameco was the biggest newsmaker over the April 9-15 report period, announcing a possible suspension to production at the McArthur River mine in Saskatchewan. A shutdown translates into $4-5 million a…
Golds flat as broad market rebounds
The Toronto Stock Exchange’s S&P/TSX composite index advanced 27.56 points to end the April 2-8 report period at 6,438.71 as the U.S.-led coalition marched into Baghdad and raised hopes for a quick co…
War jitters weaken junior exchange
Vancouver — Canada’s junior exchange drifted lower during the report period ended April 8, as investors elected to lighten their positions ahead of further geopolitical and economic developments. The…