Regent takes reins at Barrick
It is not every day that the world’s largest gold company changes leaders at the helm, but such a rare day occurr…
News
Franco-Nevada Takes On Gold Quarry Royalty
Franco-Nevada (FNV-T, FNNVF-O) has more than US$500 million in cash and other facilities to pay for new investments and the company’s management says it is putting some of it to good use by acquiring …
Alexco Rises On Silver Wheaton Payment
VANCOUVER — On news that it received its first US$15-million payment from Silver Wheaton (SLW-T, SLW-N) in December, Alexco Resource (AXR-T, AXU-X) got a nice share price lift from investors who know…
Daily Metal Prices (January 19, 2009)
Date Jan. 12 Jan. 9 Jan. 8 Jan. 7 Jan. 6 BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne) Al Alloy 1135/1175 1110/1145 1121/1170 1146/1185 1150/1190 …
North American Stock Exchange Indices (January 19, 2009)
52-week Date Jan. 12 Jan. 9 Jan. 8 Jan. 7 Jan. 6 High Low S&P/TSX-Ven Comp 878.35 908.90 899.47 888.32 913.11 2830.89 678.62 TSX Composite 8793.33 9085.18 9221.58 9121.32 9…
New Gold Closes Troubled Amapari Mine
Six years ago, mining tycoon Ian Telfer described the Amapari gold mine in Brazil as “one of the best undeveloped gold assets in the Americas.”
Adanac Avoids ‘Fire-Sale’ For Now
VANCOUVER — With more than US$80 million owed on a bridge loan maturing Jan. 31, and about $100 million committed to construction of its Ruby Creek molybdenum project, but only $16 million in the ban…
Fronteer Readies Long Canyon Resource
Fronteer Development Group (FRG-T, FRG-X) has released some strong grades from recent drilling on its 51%-owned Long Canyon gold project, in Elko Cty., Nev., that will be included in an initial resour…
Cost-Cutting Delays Rio Tinto’s Move Underground At Diavik Until Q3
In December, Rio Tinto (RTP-N, RIO-L) said it would cut jobs and spending and sell non-core assets to manage its roughly US$39-billion debt load and the aftershocks are being felt everywhere — includ…
Hawthorne Gold Bullish On Taurus
Hawthorne Gold (HGC-V, HWTHF-O) is boosting its gold resources by buying American Bonanza Gold’s (BZA-T, ABGFF-O) Taurus gold deposit near Cassiar, in British Columbia.
Updated Scoping Study Beefs Up Canarc’s New Polaris
Work on a preliminary assessment for the New Polaris gold project, in northwestern B. C., has yielded improved economics for owner Canarc Resource (CCM-T, CRCUF-O).
Columbia Yukon Casts Wider Net
A set of seven drill holes from the Storie molybdenum deposit, near Cassiar in northern British Columbia, point to expansion potential for Columbia Yukon Explorations (CYU-V, CYUXF-O).