News

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.

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…

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.

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.

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.

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).

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.

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…

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.