Banks renew Washington agreement
European central banks announced earlier this month that they would continue to limit the sale of their gold, while increasing the limit slightly.
Cambior Inc
Gold rockets as Hamas founder murdered
Continued geopolitical unrest during the March 17-23 report period saw the price of gold continue to rebound, climbing another US$13.50 to finish at US$416.25 per oz. in the afternoon in London on March 23. The TSX’s gold index responded by jumpin…
Rising Canadian dollar affects Cambior
The combination of a stronger Canadian dollar and lower gold production hampered third-quarter earnings for Cambior (CBJ-T).The company’s profits slipped to US$700,000 (or nil per share) on revenue of…
Goldcorp cashes in on gold rally
Higher gold prices and a slew of encouraging earnings reports augured well for Canadian producers over the Oct. 21-28 report period. The Toronto Stock Exchange’s gold sub-group climbed 10.71 points to…
Barrick advances Alto Chicama project in Peru
Containing a resource of more than 9.5 million ounces, Alto Chicama is the industry’s largest grassroots discovery in the past several years.Barrick Gold (ABX-T) made the major new gold find in the se…
S Malartic samples Croinor
South Malartic Exploration (MSU-V) and Richmont Mines (RIC-T) have arranged a custom-milling agreement for a bulk sample from the former’s Croinor gold deposit, about 70 km east of Val d’Or, Que.South…
Cambior, Ariane merge
Montreal-based miners Cambior (CBJ-T) and Ariane Gold (AGD-T) have agreed to merge with an eye toward developing the latter’s Camp Caiman project in French Guiana.Under the proposed nuptials, Ariane s…
Cambior, Ariane kindle merger mania
The Toronto Stock Exchange’s gold index gave back its recent gains, and then some, during the report period ended Sept. 30, as the yellow metal yo-yoed its way US$3 per oz. higher to an afternoon fix …
Flow-through funds jump start juniors
Vancouver — Taking advantage of one of the last remaining officially sanctioned tax incentives in Canada, mineral exploration companies listed on the TSX Venture Exchange raised $41.1 million in flow…
Northern Star proves up Midway project
Vancouver — Encouraging drill results from its Midway gold property, west of Val d’Or, Que., have prompted Northern Star Mining (NSM-V) to acquire another 688 acres.Dubbed Cadillac, the new property …
Cambior pulls gold at Westwood
Drilling by Cambior (CBJ-T) at its Westwood property in northwestern Quebec has intersected gold mineralization at depth that appears to correlate with known zones at the Doyon gold mine, 2 km to the …
Cambior trims Q1 loss, hedge book
A higher realized gold price enabled Cambior (CBJ-T) to reduce its loss for the first quarter of 2003, compared with the corresponding period last year.The loss amounted to US$2.3 million (or a penny …