Eldorado bleeds US$7.5 million in Q1
Vancouver – During its transition phase of winding down one mine and bringing two others into production, Eldorado …
News
South Deep skip plunges 1.6 km
An investigation is underway at the South Deep underground gold mine in South Africa, after a loaded skip broke fre…
AngloGold loses revenue despite higher gold price
Despite the average price of gold being 14% higher for the first quarter than it was for the fourth quarter of 2005…
Inco strengthens Chinese steel ties
Inco (N-T, N-N) will begin building a US$63-million nickel refinery in China’s Liaoning province in the third quart…
Maxy Gold selling Niukong to Chinese group (May 05, 2006)
Vancouver – China-focused junior explorer Maxy Gold (MXD-V) is offloading its Niukong gold project, part of the Luc…
Barrick’s earnings way up, hedge way down
Newly crowned gold goliath Barrick Gold (ABX-T, ABX-N) more than tripled its earnings to US$224 million during the …
Trigon steps into uranium with Utah acquisition
Vancouver – Diamond explorer Trigon Exploration Canada (TEL-V) is branching out into the uranium business, having a…
Banro closes financing
Banro (BAA-T, BAA-X) announced the closing of financing that will see roughly 4 million common shares issued at a p…
Teck Cominco backs in on Fronteer’s Turkish projects
Vancouver – Teck Cominco (TEK.SV.B-T) has elected to exercise its back in option on Fronteer Development Group’s (F…
Orezone takes a small interest in Ghana
Orezone Resources (OZN-T, OZN-A) is getting into gold exploration in Ghana via its newly acquired stake in Vancouve…
Feds extend super flow-through program
In its first budget, Canada’s Conservative government announced that it will re-introduce the Investment Tax Credit…
Positive early assessment for Mina Justa
Preliminary economic studies on the Mina Justa copper project in southwestern Peru have indicated an open-p…