McWatters acquires East Malartic mill
Two transactions, one with Quebec government-owned Soquem and another with Barrick Gold (ABX-T), will give McWatters Mining (MWA-T) a major position in the Val d’Or region of northwestern Quebe…
Bousquet Property
Barrick takes US$1.1b hit against 2000 earnings
As expected, Barrick Gold (ABX-T) wrote-down the value of some of its assets by a total of US$1.1 billion to reflect the reality of lower gold prices in recent years and to prepare for the possibility…
Inmet looks for gold-rich polymetallics in Urban
International miner Inmet Mining (INM-T) is investigating the Barry-Urban gold belt northeast of Val d’Or, Que., as a potential source of gold-rich massive sulphides.The senior base metal producer rec…
Barrick plans new mines, cuts costs
While it won’t rival the giant Goldstrike operation in size, the Pierina gold mine in Peru is expected to incur production costs considerably lower than those reported for Barrick Gold’s (ABX-T) corne…