News

U.S. stock markets rose over the period Jan. 12-18. The S&P 500 index gained 13 points to close at 1,195.98 and the Dow Jones Industrial Average was up 72.6 points, at 10,628.79.

The Toronto Stock Exchange gained 112.07 points, or 1.2%, to end the Jan. 12-18 report period at 9,134.77. The diversified miners helped lead the way with a 9.11-point rise to 261.01, but it was the real estate sector, with a late surge, that stol…

Vancouver — Drill results from the Spanish Mountain property in British Columbia’s Cariboo district indicate the presence of stratiform gold combined with structurally controlled high-grade gold.

Glamis Gold (GLG-T) will solicit proxies from shareholders of takeover target Goldcorp (g-t) in the hope of stopping Goldcorp’s planned takeover of Wheaton River Minerals (WRM-T).

A fire at Suncor Energy‘s (SU-T) oil sands operation in northern Alberta forced the evacuation of about 250 people in early January. No injuries were reported.

Vantex Resources (VTX-V) has cut visible gold in three of five holes drilled on its 38-sq.-km Guillet property, 5 km east of Belleterre in the Temiscamingue area of Quebec.

U.K.-based Gold Fields Minerals Services says that, despite a slow start, investors are expected to lead the charge to an average gold price of US$477 per oz. during the first half of 2005.

Vancouver –After changing the mining legislation to ensure it gets a bigger piece of the pie, the government of Eritrea has lifted the ban on exploration by foreign mining companies. The move comes four months after the government suddenly called…

Robert Buchan, president and chief executive at Kinross Gold (K-T), will retire from his executive positions and take over as a non-executive chairman.