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Royal Gold basks in record royalty revenues

Vancouver — Robust gold prices and an expanded royalty portfolio allowed Denver, Colo.-based Royal Gold (RGL-T) to post record revenue of US$25.3 million for fiscal 2005, an 18% in…


A Batu Mining camp in Mongolia's Gobi Desert. The company is exploring numerous properties throughout the country.

Mongolia’s Aussie ambassador

Perth, Western Australia — In the aftermath of the Bre-X scandal, Canadian Armand Beaudoin, a fellow prospector working with Aussie Doug McGay in Indonesia, suggested McGay should break camp and head…



Profit-taking drops TSX

Profit-taking in the resource sector pushed the S&P/TSX Composite Index 125.19 points lower to 10,525.49 during the Aug. 16-22 report period. The gold index retreated 6.29 points, or 3%, to 202.23…



Shougang losing friends in Marcona

Lima, Peru — Venezuela’s President Hugo Chavez once said that China’s Chairman Mao and South America’s independence hero Simon Bolivar would have been the best of friends had they met, a lively ackno…


TSX on a roll, surpasses Dow Jones

With oil flirting with a record close of US$64 per barrel, Toronto stocks rose 191.42 points to 10,614.35 during the Aug. 2-8 report period. The advance left the S&P/TSX Composite Index north of t…


Barrick Gold's Alto Chicama operation in Peru. The mine, now known as Lagunas Norte, is exempt from paying mining royalties until the government decides when the exemption expires. Lagunas Norte poured its first gold in mid-June and is expected to produce between 545,000 and 550,000 oz. gold in 2005 at total cash costs of roughly US$110 per oz.

Peruvian royalty proving problematic

Lima, Peru — Record international metals prices have been hugely profitable for Peru. They also brought with them a nasty surprise: mining royalties. Everyone, it seemed, wanted a slice of the pie. B…


Toronto miners droop during earnings season

Toronto stocks survived a late stumble to finish the holiday-shortened July 26-29 report period 60.38 points better at a multi-year high of 10,422.93. The S&P-TSX Canadian Gold Index reversed cour…


Combination fells TSX

A double-whammy of looming interest rate hikes and a narrower trade surplus sent Toronto stocks 54.69 points lower to 10,163.03 over the July 12-18 report period. After some early resistance, the gold…


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