News

A sagging gold price pushed the Toronto Stock Exchange’s gold index 9.28 points, or 4.8%, lower to a 2.5-month low of 183.89 during the July 21-27 report period.

Toronto Venture Exchange-listed companies generally lost ground as gold headed lower during the report period ended July 27. The slump reflects fears of rising interest rates following better-than-expected economic indicators in the U.S. The S&P T…

Tsodilo — Andrew Moore, Pieter Gresse and Peter Walker appointed to technical committee; Moore resigned as director but remains as VP of exploration.

Globestar Mining (GMI-V) and Everton Resources (EVR-V) have intersected significant copper while drilling in the Bayaguana joint-venture area, northeast of Santo Domingo in the Dominican Republic.

Vancouver — Healthy markets for base metals and coal enabled Teck Cominco (TEK.B-T) to post record earnings for the second quarter.

Shares in GGL Diamond (GGL-V) dove 4, or about 12%, to 30 in early afternoon trading in Vancouver on July 21 after initial drilling on the Big Hole target failed to return any kimberlite.

Vancouver — A US$60-million loan by a major German bank is encouraging Bema Gold (BGO-T) to develop the Kupol gold-silver project in northeastern Russia. The loan should ease investors’ concerns over jurisdictional issues surro…

Vancouver — Drilling by Starfield Resources (SRU-V) at the Ferguson Lake copper/nickel/platinum-group-metal project, 240 km west of Rankin Inlet in Nunavut, has confirmed the extension of mineralization along a major conductive…