Barrick ups investment in Papua New Guinea (March 27, 2008)
Just weeks after Allied Gold poured the first gold from its Simberi project on Simberi Island off the northern coas…
Australia, NZ & South Pacific
Strike at Inmet’s Ok Tedi shortlived
A strike at Inmet Mining’s (IMN-T, IEMMF-O) Ok Tedi copper-gold mine, in Papua New Guinea, lasted only four days, with workers agreeing to go back to work at the project on March 15.
Peak Gold earns $14.6M in first year
After buying two operating mines in April last year, Peak Gold (PIK-V, PIKGF-O) raked in net earnings of US$14.6 million, or 3 per share, for the thirteen months ended Dec. 31, 2007.
ATW picks up another Aussie gold mine
VANCOUVER — Five months after buying the Burnakura gold mine in the goldfields of Western Australia, ATW Venture (ATW-V, ATWVF-O) is picking up another past-producing operation just 300 km away: the …
Peak Gold earns $14.6 million in first year
After buying two operating mines in April last year, Peak Gold (PIK-V) raked in net earnings of US$14.6 million…
Committee Bay to sell Aussie holdings
VANCOUVER — Committee Bay Resources (CBR-V, CBYRF-O) has inked a deal to sell its 50% interest in the Redemption joint venture to Australian-listed partner Focus Minerals (FML-A).
PDAC shatters attendance records
During the week ended March 8, the tenth trading week of 2008, there was no better way to soak in the enormity of the current mining boom than to push your way through the booths, auditoriums and hall…
Another gold mine for ATW
Vancouver – ATW Venture (ATW-V) likes the goldfields of Western Australia. Five months after buying the Burnakura g…
Committee Bay selling Aussie holdings
Vancouver – Committee Bay Resources (CBR-V, CBYRF-O) has inked a deal to sell its 50% interest in the Redemption jo…
Northgate closes Perseverance acquisition (March 03, 2008)
VANCOUVER–Northgate Minerals (NGX-T, NXG-X) has completed its friendly takeover of Australian gold producer Perseverance in an all-cash deal valued at roughly US$257 million.
La Mancha works to gain market favour
It’s been nearly two years since a reverse takeover put Areva’s gold assets into La Mancha Resources’s (LMA-T, LACHF-O) hands (then listed on the TSX Venture Exchange) — effectively creating a gold s…
Friendly merger promises a new, Intrepid company
Intrepid Mines (IAU-T, IAU-A) and Emperor Mines (EMP-A, EMPMF-O) each have something the other needs.