Exploration heats up in SW New Brunswick
Despite a slump in base metal exploration, 2002 proved to be a banner year for precious metals in New Brunswick. It was gold’s turn to shine as exploration efforts turned up widespread occurrences in …
Homestake Mining Company
Inco goes for gold
FIFTEEN YEARS AGO/FEBRUARY 1988As northwestern Quebec was blanketed in more snow, Inco Gold could well have re-named its first mine “Frozen Pond” instead of Golden Pond.With a stockpile of 40,000 tons…
IMA adds ground in Patagonia (January 13, 2003)
Vancouver — Results from grassroots exploration have induced IMA Exploration (IMR-V) to acquire more ground in the Patagonia region of southern Argentina.Through staking, the junior added 240 sq. km,…
2002 marked by further consolidation
It did not feel as momentous as 2000 or 2001, when we saw the creation of several global mining giants, but 2002 was full of smaller-sized mergers, particularly in the precious metals sector.Among the…
Barrick to open up Andean gold district
To jump-start development of a 39-million-oz. gold district in the high Andes along the border between northern Argentina and Chile, Barrick Gold (ABX-T) has committed to spending about US$425 million…
Barrick sees earnings slide
Barrick Gold (ABX-T) has posted disappointing earnings of US$34 million (or US6 per share) for the third quarter, owing to lower-than-anticipated grades and recovery rates at several of its operation…
Barrick unveils major growth platform (September 23, 2002)
After laying low for the summer while its peers grabbed the limelight, Barrick Gold (ABX-T) has announced a sweeping US$2-billion expansion program that would see four projects come on-stream in the n…
Newmont, Barrick oversee expansion of Super Pit Down Under
Kalgoorlie, Australia — Nearly 20 years ago, gold entrepreneur Alan Bond used the word “rationalization” to describe the potential for improving profitability by combining all the mining operations i…
Gold’s prospects dominate Aussie mining conference
Kalgoorlie, Australia — Consolidation in the gold mining sector and an optimistic outlook for the price of bullion over the next 18 months had delegates in high-spirits at the 10th annual Diggers & D…
It’s the real thing, says Ing
The bear market of the past six years has been a lonely time for gold bugs, so it has to be gratifying for John Ing, one of gold’s steadfast defenders, to see signs that the market is turning.In a May…
Barrick clears US$46m in quarter
The first quarter of the year was kind to most gold producers, including the company that probably suffered the least in gold’s prolonged slump.Barrick Gold (ABX-T) recorded a US$46-million profit for…
Cayeli, Troilus land Inmet in black (May 06, 2002)
Higher production at the Cayeli copper-zinc mine in Turkey and the Troilus gold mine in northern Quebec helped offset lower metal prices and powered Inmet Mining (IMN-T) to improved results during the…