Papua New Guinea-focused Lihir Gold (LGG-T, LGL-A, LIHR-Q) has agreed to be acquired by Newcrest Mining (NCM-A), which has projects in Australia, in a deal that values the former at A$9.5 billion.
Higher production and sales, lower cash costs and strong gold and copper prices pushed up Barrick Gold’s (ABX-T, ABX-N) adjusted first quarter net income by 149% to US$741 million (US75¢ per shar…
VANCOUVER — Llama Lake started 2010 as a low-priority exploration target for Sabina Gold & Silver (SBB-T) but has now become the prime focus of drilling after the company pulled high-grade gold i…
Mid-May saw a cooling off of the overheated gold markets, with the spot gold price pulling back from its nominal all-time record highs above US$1,240 per oz. and consolidating for the short-term above…
VANCOUVER — The mining industry in British Columbia kept healthy last year despite a sharp drop in coal shipments and prices, according to the latest survey of the industry by PricewaterhouseCoopers …
Chinese companies have been buying mineral assets or joint-venturing with resource companies wherever they can find them. The financial crisis only accelerated the trend as distressed companies looked…
Within hours of taking the helm of Costa Rica as president-elect on May 8, President Laura Chinchilla reportedly signed an extension of a moratorium on new gold mining projects that her predecessor, O…
Alcoa — Meg McDonald resigned as Alcoa Foundation president; Paula Davis appointed Alcoa Foundation president.
Growing concern that efforts to lower public sector deficits could impede global growth caused the world’s major stock markets to lose much of their mid-week gains during the May 11-17 trading period …
The May 11-17 period started off strong for the S&P/TSX Venture composite index, but two days of gains were easily erased by three days of losses that left the board down 57.91 points at 1,554.67….
U.S. equity markets took a bit of a beating in the May 11-17 reporting period with the Dow Jones industrial average index losing 1.14% or 122.43 points to close at 10,625.83 points, and the S&P 50…
COURTESY OF SCOTIABANK
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