News

The mere hint of a potential slowdown in the torrid growth of China’s economy helped shave a painful US$50 per oz. off gold prices over the past month, dropping spot prices into the US$380-per-oz. range.

Ongoing exploration by Ross River Minerals (RRM-V) has expanded five targets on the El Pulpo property in Mexico’s Sinaloa state.

Partners Etruscan Resources (EET-T) and Mountain Lake Resources (MOA-V) have lined up a black empowerment company to help develop the Tirisano diamond mine in South Africa.

MacMillan Gold (MMG-V) is finding that the Cerro de Oro gold and silver project in Mexico’s Zacatecas state is aptly named.

The recovery of gold equities allowed various gold company executives to cash in on low-priced stock options in the past month. Insider trading transactions reported in the April 2004 issue of the OSC Bulletin include the following:…

The week of May 12-May 18 saw a lot of ups and downs on the Toronto Stock Exchange. The spot price for gold in London on the afternoon of May 18 closed at US$377.70 per oz., up US$2.45 from the previous week. The S&P-TSX composite index closed on…

An agreement with the Northern Alaska Environmental Center (NAEC) has allowed construction to resume at Teck Cominco‘s (TEK-T) Pogo gold project, 145 km southeast of Fairbanks.

A bankable feasibility study of the Bouroum gold deposit in Burkina Faso has been completed, and Axmin (AXM-V) wants it all.

Band-Ore Resources (BAN-T) has received encouraging results from 14 holes drilled in an ongoing program at its Thorne gold property in Timmins, Ont.