TSX runs gold index up flagpole (May 29, 2006)
Details are sketchy, but the Toronto Stock Exchange (TSX) and rating and index agency Standard & Poor’s will develop a Global Gold Index to track the share prices of leading gold mining companies….
Gold
Int’l Minerals tops up treasury to develop Rio Blanco
Vancouver — Closure of its $92-million public offering has International Minerals (IMZ-T, IMZLF-O) with funds in hand to advance construction and development of its Rio Blanco gold-silver project in…
Agnico-Eagle expands as costs fall
Agnico-Eagle Mines (AEM-T, AEM-N) continues to build on its impressive assets with the announcement that it will go ahead with its LaRonde II project in northwestern Quebec….
Andean American alone at Invicta
Vancouver — Junior gold producer Andean American Mining (AAG-V, ANMCF-O) will advance its Invicta gold project, in west-central Peru, on its own, following notice that Barrick Gold (ABX-T, ABX-N) wil…
South Deep production halved for up to a year (May 29, 2006)
After a recent accident that could halve production from Johannesburg-listed Western Areas’ (WARSF-O) 50%-owned South Deep gold mine in South Africa for up to a year, the company plans to sell shares…
Goldcorp ready to develop Canada’s newest gold camp
Vancouver — With grades and production starting to slip at the Red Lake gold mine in northwestern Ontario, Goldcorp (G-T, GG-N) is stepping up the pace of exploration at its newly acquired lonore g…
Lincoln, Golden Odyssey team in Cortez trend
Nevada-based explorer Lincoln Gold (LGCP-O) has optioned its JDS property in Eureka Cty., Nev., to Golden Odyssey Exploration (GOE-V, GODYF-O)….
Great Basin heats up Burnstone
Great Basin Gold (GBG-T, GBN-X) plans to immediately get the permitting ball rolling after a recent feasibility study concluded that a 1.5-million-tonne per year underground mine could be supported at…
Strike prunes a week from Cambior’s Rosebel
Workers have returned to their posts at Cambior’s (CBJ-T, CBJ-X) flagship Rosebel open-pit gold mine in Suriname following an agreement with the union….
Barrick takes stake in Midway Gold (May 29, 2006)
Vancouver — In what has become an increasingly common strategy among majors, Barrick Gold (ABX-T, ABX-N) will participate in a financing by Nevada-focused explorer Midway Gold (MDW-V, MDWGF-O)….
Nevsun ships gold from Tabakoto
Vancouver — The first shipment of gold produced from the commissioning phase of the Tabakoto open-pit mine in Mali, West Africa, has elevated Nevsun Resources (NSU-T) to the ranks of junior gold prod…
Bema’s losses up, despite higher gold output
Vancouver — Record quarterly revenue and gold production was not enough to quell the red ink for Bema Gold (BGO-T, BGO-X, BAU-L), which posted a first-quarter loss of US$35.5 million, or 8 per share…