Moydow docks with DFI
Marine diamond miner Diamond Fields International (DFI-T, DMFDF-O) and Afro-Canadian explorer Moydow Mines Internat…
Moydow Mines International Inc
Base metal miners shine
While gold producers enjoyed the limelight in early December, it was the base metal miners that powered forward during the 4-day period ended Dec. 22 as the S&P/TSX Metals and Mining index rocketed 12…
Discoveries lure Placer Dome, Meridian Gold to Newfoundland
St. John’s, Nfld. — With little fanfare, Barrick Gold (ABX-T) walked away from the much-hyped Botwood Basin in Newfoundland earlier this summer after spending some 15 months assessing the potential f…
Newmont’s profits take flight in 3rd quarter
Vancouver — Higher bullion prices enabled Newmont Mining (NEM-N) to post dramatically higher profits for the third quarter.The Denver-based company earned US$114.4 million (or US28 per share), compa…
Newmont eyes Ghana for growth
Vancouver — Denver-based Newmont Mining (NEM-N) expects production to rise by 5.5% this year, reaching 7.2-7.4 million oz. (Thereafter, from 2004 to 2006, yearly output will settle down to 7 million …
Newmont buys Ntotoroso
Newmont Mining (NEM-N) will consolidate its holdings in the Yamfo-Sefwi belt in Ghana by buying Moydow Mines International’s (MOY-T) half-interest in the gold project known as Ntotoroso.The major will…
Golden Star to double production
Denver-based Golden Star Resources (GSC-T) expects to be pouring gold from its Wassa project, 150 km west of Accra, Ghana, in the first quarter of 2004.An independent feasibility study envisages an op…
Broad market sinks on fears of Iraqi quagmire
With the war in Iraq failing to shape up as the cake-walk many were predicting, the S&P-TSX composite index retreated 68.5 points to end the March 17-25 report period at 6,385.Gold performed about as …
Altius-Barrick deal triggers gold rush in Newfoundland
St. John’s, NFLD — An increased level of exploration activity in Newfoundland and Labrador has resulted in 30,500 new claims being staked this year (to the end of October), surpassing the previous hi…
Global market shock hits TSE
The report period July 17-23 saw further steep declines on stock markets worldwide, and the Toronto Stock Exchange was no exception. The TSX Composite index lost 534.58 points, or about 8% of value, a…
Correction (July 15, 2002)
Two photos accompanying a report on Moydow Mines International (MOY-T) in our July 8-14 issue should have been credited to the company.Also, the final sentence was incomplete. It should have read: “In…
Moydow waits for Newmont
A July 24th decision by Newmont Mining (NEM-N) regarding the fate of the Ntotoroso gold project in Ghana’s Sefwi gold belt is looming large for equal joint-venture partner Moydow Mines International (…