Placer drops price of Val d’Or mines
Citing weak gold markets, Placer Dome (pdg-t) is knocking US$15 million off the price of its projects in Val d’Or, Que. The assets are being sold to McWatters Mining (mcw.a-m).The price of the Kiena a…
Placer Dome Inc
No end in sight for Las Cristinas dispute
A dispute over potential ownership of a major gold mine remains unsettled following a ruling by a Venezuelan court.The proponents in this David-Vs.-Goliath affair are Crystallex International (KRY-T),…
STOCK MARKETS — Metal mines awaken to enlivened Toronto markets — Even the gold sub-group recovers modestly in upbeat market
The Toronto Stock Exchange finished with another record high close on July 29, finishing the trading period at 6,801.17 — a gain of 86.92 points — over the trading period July 23-29.The Canadian dol…
Placer to take Sleeper from X-Cal — Agreement with Amax Gold extended
Vancouver-based junior X-Cal Resources (XCL-T) has extended its purchase agreement with Amax Gold (AU-N), paving the way for Placer Dome (PDG-T) to take an interest in the Sleeper gold project in nort…
STOCK MARKETS — Golds dive again as TSE sets new record — Broad market index breaks 6,600; gold index tests levels last seen in 1993
The Toronto Stock Exchange moved farther into record territory over the trading period July 9-15, with the TSE 300 composite index closing at record highs on four of the five trading days. The TSE 300…
Gold Reserve steams ahead in Venezuela
Spokane-based Gold Reserve (GLR-T) is determined to overcome all obstacles in its effort to produce gold from the Las Brisas del Cuyuni concession in the Kilometre 88 district of eastern Venezuela.Whi…
STOCK MARKETS — Gold stocks slammed by troubled bullion market — Gold sale Down Under gives investors the jitters
While the Toronto Stock Exchange continued to set records over the report period July 2-8, the TSE’s gold and precious minerals sub-group, wounded by the meltdown in the gold market, lurched to an ind…
Canuc, Placer ink Ecuadoran deal
Toronto-based Canuc Resources (CANC-C) has entered into a joint-Venture agreement with Placer Dome (PDG-T) to explore and develop the Nambija gold deposit in southeastern Ecuador.Under the agreement, …
Etruscan reports new discovery at Tiawa
Etruscan Enterprises (EET-T) has discovered a new source of gold mineralization on the Tiawa concession in Niger, West Africa.The junior discovered the Boulon Djounga West zone while trenching a coinc…
STOCK MARKETS — Toronto markets take slow slide in a slow week — Base metals follow broad market as golds hit new low
The June 25-30 trading period saw the Toronto Stock Exchange coast downhill in advance of the July 1 national holiday. Over three days of moderate trading and one day of light action, the TSE 300 comp…
Madison outlines Mt. Kare in PNG
Drilling at the Mt. Kare gold property in Papua New Guinea is attempting to determine the geological controls of the mineralization known to exist along the western side of the Main geochemical anomal…
PNG mines hurt by prolonged drought
Drought in the highlands of Papua New Guinea (PNG) is hampering mine operations there.At the Porgera gold mine, 50% owned by Placer Dome (PDG-N), mill operations were suspended June 1 owing to low wat…