US interest rate cut gives TSE a jolt
Buoyed by another cut in interest rates south of the border, the Toronto Stock Exchange 300 index rose 136.31 points over the holiday-shortened week of June 27-July 3 to finish the period at 7,748.32….
Kinross Gold Corporation
Merger trends
It was said of Benjamin Disraeli that he spent more time arriving at Westminster than he spent in it. Consolidation in the gold industry is arriving, still. It has to be said: if Barrick’s taking over…
Barrick-Homestake merger shakes gold market
Spicing up an otherwise bland week, Barrick Gold, on June 25, announced its intention to purchase American rival Homestake Mining in a paper deal worth US$2.3 billion.The all-share, friendly offer cau…
Summertime, and the gold bugs are biting
The onset of summer and the recent spike in gold prices are making some brokerage firms more optimistic that a U.S.-led economic recovery could lead to improved demand fundamentals for jewelry and, co…
Producers miss out on gold price ride
Pushed down by heavy losses in the high-tech sector, the Toronto Stock Exchange’s 300 index fell 391.91 points over the five trading days ended June 20, to finish at 7,702.87.The yellow metal clawed b…
Canaccord hosts gold seminar
Robert Buchan, president of Kinross Gold, and Anthony Walsh of Miramar Mining will speak at a seminar on precious metals, to be held June 21 at the Toronto Board of Trade.Canaccord Capital is sponsori…
Goose Lake lays more golden eggs
Kinross Gold (K-T) has increased the size of the Goose Lake gold deposit, the largest of six comprising the George Lake project in Nunavut.Kinross can earn a 70% interest in George Lake from Wheaton R…
Broad market takes it on the chin
Weighed down by a sagging industrial products sector, the Toronto Stock Exchange 300 index slipped 164.04 points over the June 6-12 report period. The broad market ended the week at 8,094.78.Gold gain…
Gold rally fizzles (sigh)
Gold bugs had little time to celebrate during the May 23-29 report period, as the mid-May gold rally quickly fizzled after a few exhilarating days. Coming off an earlier peak exceeding US$290 per oz.,…
Gold prices move up to new range
Gold bugs enjoyed an invigorating rally in the yellow metal over the May 16-22 report period, as the London gold price broke out of a long-held, sub-US$270-per-oz. range to spend a few hours above US$…
Bema looks to far-eastern Russia
With the underperforming Refugio mine in Chile about to close, Bema Gold (BGO-T) is pinning its hopes on its 79%-owned, high-grade Julietta gold-silver deposit in far-eastern Russia. The underground p…
Gold companies show signs of life after auction
Gold staged a bit of a rally during the May 9-15 report period, as the yellow metal climbed US$3.90 to trade at US$269.10 per oz. in London on the morning of May 16.Amid the price rise, the Bank of En…