Newmont teams with High Desert partners
Newmont Gold (NGC-N) will exercise its back-in option on a joint venture between High Desert Mineral Resources (HDR-V) and Barrick Gold (ABX-N).The subject of the joint venture is the High Desert prop…
Barrick Gold Corporation
STOCK MARKETS — TSE rises as mining stocks fall
The Toronto Stock Exchange continued its record-setting pace in the period Sept. 25-Oct. 1, with the TSE 300 index closing at 5,329.55, up 26.89 points, or 0.6%, from the previous week. The average da…
Chesbar set to drill at Anacoco gold concession
A $2-million exploration program is set to begin on the gold properties held by Chesbar Resources (CBI-M) in Venezuela’s Bolivar state.Once permits are in place, the junior plans to follow up previous…
STOCK MARKET — Mines left gasping as TSE sets records
The Toronto Stock Exchange composite index set four records in five trading days over the report period Sept. 18-24, to finish at 5299.66 points, up 31.18 points, or 0.6%, on the week.Trading volumes …
FACTS & FIQURES — Nevada pulls weight in production
Nevada produced an estimated $3.2 billion in minerals (including petroleum and geothermal energy) in 1995, matching the record set in 1994.It produced 6.8 million oz. gold worth $2.6 billion in 1995, …
STOCK MARKETS — Market sets record without help from mines
The Toronto Stock Exchange vaulted past its previous record high on Sept.16, as the TSE 300 index closed the period Sept. 11-17 at 5,268.48, up 121.36 points from the week before, a gain of 2.4%. Fear…
Delegation unveils rules for foreign investment in China’s gold sector at Southeast Asian conference
Chief Engineer Yang Dali and a delegation of officials from the China Gold Bureau will visit Canada to provide details of newly drafted regulations governing gold exploration and mining in their count…
Barrick financing funds Chesbar’s Venezuelan projects
A financing agreement with Barrick Gold (ABX-T) will enable Chesbar Resources (CBI-T) to explore its gold concessions in Venezuela.Barrick will buy $2 million worth of Chesbar shares at $1.50 per shar…
STOCK MARKETS — Gold issues sink on Toronto market
The Toronto Stock Exchange traded heavily but went virtually nowhere in the period Sept. 4-10, closing at 5,147.12, up 4.77 points from the previous week. The average daily volume was in the range of …
STOCK MARKETS — Western indices continue upward trend
The Toronto Stock Exchange lost some ground over the trading period ended Sept. 3, with the TSE 300 composite index off 21.99 points to close at 5,151.89. Trading was active in the earlier part of the…
Quebec gov’t stakes nickel as private sector looks on
Traditionally, in Canada, provincial and federal geologists assist the mining industry by mapping virgin areas and releasing information about prospects and showings that often point the private secto…
STOCK MARKETS — Mining stocks dip in sluggish market
The Toronto Stock Exchange lost some ground over the trading period ended Sept. 3, with the TSE 300 composite index off 21.99 points to close at 5,151.89. Trading was active in the earlier part of the…