Minmet plans Canadian spin-off for Dominican assets
Dublin, Ireland-based Minmet plans to spin off its assets in the Dominican Republic for flotation on the TSX Ventur…
Gold Fields Limited
Miners dodge market slide
A generally poor report period for U.S. equity markets didn’t extend to the mining stocks, which were mostly higher over the five trading days March 17-23 as the Dow Jones industrial average and the S&P 500 index both fell slightly more than 1%.
Gold Fields battered by volatile rand
A tough operating environment at home has spurred Johannesburg-based Gold Fields (GFI-N) to step up a global diversification program.In the past few months, the company acquired the Cerro Corona gold-…
New drilling suggests Essakan grade may rise
A ten-hole reverse-circulation drilling program at the Essakan gold deposit in northeastern Burkina Faso has confir…
Orezone tests Bondi project
The first seven infill holes drilled on the Bondi gold property in Burkina Faso have returned encouraging results for Orezone Resources (ORZ-T).The reverse-circulation (RC) program focused on the Main…
Radius tallies Tambor gold
Vancouver — An independent estimate commissioned by Radius Explorations (RDU-V) suggests that the Tambor property in Guatemala has a resource equivalent to 274,000 oz. gold.Based on a cutoff grade of…
Gold Fields enters Peru
South Africa’s Gold Fields (GFI-N) has agreed to acquire a 92% interest in Peruvian-based Sociedad Minera La Cima. No price was reported, as financial details were still being discussed.Sociedad Miner…
Metals Commentary: Barrick’s hedging moratorium explained
The recent announcement by Barrick Gold (ABX-T) Chairman Peter Munk that the company will not consider further forward sales of gold over the next 10 years nor roll any of its hedge contracts forward …
Gold stocks down as bullion rises
This was a week of mainly sideways motion in the U.S. equity markets, with the Dow Jones Industrial Average rising 69.78 points to 9,923.42, as the Standard & Poor’s 500 Index fell 6.44 points to 1,06…
Royal Gold to bankroll Capital
New York-based junior Capital Gold celebrated a watershed financing that paves the way for construction of its El Chanate mine in Sonora state, Mexico.Denver-based Royal Gold is supplying the entire c…
Majors top up their tills
Vancouver — More consolidation in the gold sector could be in the offing, given that two of the world’s largest producers have gone to the market to top up their tills.South Africa’s Gold Fields (GFI…
Orezone cuts prospect at Essakan
Ongoing rapid-air-blast drilling by Orezone Resources (ORZ-T) has turned up a new gold prospect at the Essakan property in Burkina Faso, West Africa.The prospect, which overlies the Soka gold anomaly,…