Insider Trading: Sodemex trims Aurizon account
Recent insider trading transactions reported by the Ontario Securities Commission include the following:– Agnico-Eagle Mines (AGE-T) — Leanne Baker, director, bought 2,500 shares at US$10.45 to hold…
IAMGOLD Corporation
Hawk lands at AfriOre’s FSC deposit
Toronto-based Hawk Precious Minerals (hawk-u) has agreed to take up to a half-interest in AfriOre’s (AFO-T) 1,090-sq.-km FSC gold project in South Africa.Hawk can earn an initial 35% by paying $20,000…
Iamgold earnings bolstered by acquisitions
First-quarter earnings at Iamgold (IMG-T) rose year-over-year in 2003, partly as a result of higher gold prices and partly because production from the Tarkwa and Damang mines in Ghana is now part of I…
Rising rand hits Gold Fields
Vancouver — Despite a US$19-million gain in equity investment sales, South Africa’s second-largest gold producer earned 6% less in the recent first quarter than in the corresponding period of 2002.Go…
Exploration heats up again in Mali
Gold prices are back up and explorers are back to work, and it need be no surprise that southwestern Mali, with three gold producers pouring plenty of low-cost ounces, has returned to favour among jun…
Alamos exec stocks up
Recent insider trading transactions reported by the Ontario Securities Commission include the following:q Alamos Minerals (AAS-V) — Chester Millar, director, bought 109,500 shares at 44-50 apiece to…
Stronger gold pays off in Burkina Faso
The recent surge in the price of gold has revitalized exploration in Burkina Faso, a pocket of Africa known more for its poverty than for its wealth of mineral resources.Burkina Faso first emerged as …
Iamgold execs cash in options
Recent insider trading transactions reported by the Ontario Securities Commission include the following:n Aurizon Mines (ARZ-T) — Ian Walton, director, sold 10,000 shares at $1.32 apiece to hold 764,…
Ontario court awards damages to Kinbauri
The Ontario Superior Court of Justice has awarded junior explorer Kinbauri Gold (YKB-V) compensatory damages of $1.7 million plus prejudgment interest and costs, in relation to a failed 1990 merger ag…
Gold shines as Iraqi stalemate continues
Profit-takers outnumbered investors over the Dec. 4-11 report period, causing the Toronto Stock Exchange composite index to lose 43.41 points. The index finished the week at 6,597.20.Gold, buoyed by n…
Damang gives Repadre earnings boost
With a share in production from the Damang gold mine in Ghana now part of its portfolio, Repadre Capital (RPD-T) has posted earnings of $4.1 million (or 10 per share) on revenue of $5.9 million in th…
Iamgold, Repadre agree to combine
Two of the smaller but richer companies in the gold business, Iamgold (IMG-T) and Repadre Capital (RPD-T), have announced plans to merge in an all-share transaction that would see Repadre shares trade…