Glamis poised to enlarge Marigold operation
A study has confirmed the feasibility of expanding the Marigold mine in Nevada’s Battle Mountain trend.Reno-based Glamis Gold (GLG-T) says the study estimates minable resources (proven and probable re…
Glamis Gold Ltd
Franco, Normandy rise on Newmont bid
Gold prices experienced two mini-rallies during the Nov. 7-13 trading period before settling down to a trading range of US$277-278 per oz.The first spike came on the morning of Nov. 12 following the c…
Glamis Gold builds on profitable performance
Vancouver — Improved production at the Rand mine in southern California helped Glamis Gold (GLG-T) post its fourth straight quarterly profit.Earnings for the third quarter totalled US$600,000 (or US1…
Bull run continues in gold stocks
Gold settled into a new, higher trading range of US$278-280 per oz. during the Oct. 31-Nov. 6 trading period, as the U.S. dollar showed some weakness in the face of widespread layoffs and slowing indu…
BLM decision gives Imperial project new lease on life
Vancouver — The stalled permitting process at Glamis Gold’s (GLG-T) Imperial project in southern California got a boost after the Department of Interior’s Bureau of Land Management (BLM) reversed a l…
Cut in Bank of Canada rate falls on deaf ears
Hoping to boost investor confidence, the Bank of Canada shed 75 basis points from its key lending rate on Oct. 23, bringing it to a 40-year low. But so far, the decision appears to have backfired: the…
Gold rally sputters following US retaliation
Well, so much for the gold rally. Prices for the yellow metal began a downward trend during the Oct. 3-9 report period, falling out of a tight US$290-per-oz. trading range and quietly drifting down to…
US markets continue to slide
Denver — The Dow Jones industrial average sank another 243.43 points, or 2.7%, to 8,659.64 during the report period ended Sept. 25 — its lowest level in four years. The Nasdaq settled at 1501.64.The…
Dow plunges in wake of tragedy
Denver — Nearly a week after the terrorist attacks on New York City and Washington D.C., trading resumed in a strongly negative fashion. The Dow Jones industrial average plunged 702.11 points, or 7.3…
Glamis finds legal challenges in Honduras
Denver — The San Martin gold mine owned and operated by Glamis Gold (GLG-N) is a technical success, about to reach its expanded annual production rate of more than 110,000 oz. gold. It was built to h…
Market slide cut short by tragedy
Denver — Bombing of the World Trade Center in New York on Sept. 11 halted trading among financial markets already battered by bad economic news. The Dow Jones industrial average fell 391.98 points (4…
Rosia Montana more than ‘marginal’
Your Aug. 20-26 issue contained two interesting front-page articles — one covering the Gabriel Resources’ feasibility study for the Rosia Montana gold project in Romania, and the other covering Glami…