Mining industry
Glamis Gold Ltd. (TSX:GLG)(NYSE:GLG), a premier intermediate gold producer, has announced a significant development in its operations. The company has commenced mailing the meeting notice and information circular for a special meeting of shareholders to consider the Plan of Arrangement with Goldcorp Inc. (TSX:G)(NYSE:GG)
Mining industry
International Wayside Gold Mines Ltd. has announced significant progress in its exploration and development activities at the Cariboo Gold Project in central British Columbia. The company has initiated surveying of the proposed Bonanza Ledge Pit area and has started forestry logging to prepare the site for future mining activities. Additionally,
Mining industry
Barrick Gold Corp. has extended its $1.5-billion hostile takeover bid for NovaGold Resources Inc. until October 12, despite NovaGold waiving its shareholder rights plan in an attempt to reject the offer. The move comes as Goldcorp Inc. founder Rob McEwen launches a proxy battle to force a shareholder vote
Mining industry
Pacific Gold Corp. has begun limited gold production at its Black Rock Canyon mine in Nevada, with estimated revenues for the first 12 months reaching $6 million and EBITDA of up to $2.8 million once the mine is at full production. The mine's estimated resources are placed
Mining industry
Investors flocked to Newcrest Mining Limited after the company's biggest shareholder, Goldman Sachs JBWere, unexpectedly suspended its investment research coverage citing unexplained legal and compliance requirements. The sudden move sparked intense speculation on potential takeover activity, balance sheet restructuring, or an equity issue. As a result, Newcrest shares
Mining industry
The debate surrounding gold mining and its impact on the environment and local communities has been dominated by the discussion between mining companies and non-governmental organizations such as Oxfam America and Earthworks. However, the role of the jewellery retail industry, which accounts for 80% of gold consumption, has been largely
Mining industry
Toronto-based mining and metals companies Inco Ltd. and Falconbridge Ltd. have agreed on a remedy to address potential competition issues related to Inco's pending acquisition of Falconbridge. The remedy involves the sale of Falconbridge's Nikkelverk refinery in Norway and its marketing and custom feed organizations to
Mining industry
Goldcorp Inc., a leading gold producer, has strengthened its board of directors by appointing two new members, Peter Dey and Beverly Briscoe. This move underscores the company's commitment to advancing corporate governance practices and improving its performance. The new directors bring extensive industry experience and expertise to the
Mining industry
Metro Gold Mines Mineral Resources Inc. has completed the acquisition of La Esperanza gold mine in Segovia, Colombia, a region renowned for its rich gold deposits. The company, focused on acquiring and producing a portfolio of exploration and production properties in South and Central America, has announced plans to modernize
Mining industry
Metro Gold Mines Mineral Resources Inc. (OTC: MGMX) has made a significant acquisition in the Colombian gold mining industry, grabbing the attention of investors and day traders. The company has completed the purchase of the La Esperanza gold mine, located in the richest and most gold-bearing municipality in Colombia, Segovia.
Mining industry
Exploration at Dynasty Metals & Mining Inc.'s Copper Duke Project in Ecuador has yielded significant gold and silver values, with assay results ranging from 34.0 grams per tonne (g/t) gold to 0.1 g/t gold and 249 g/t silver to 0.4 g/t
Mining industry
A significant boost in foreign investment in Kyrgyzstan's geological exploration and extractive mining sectors has been reported for 2005. According to Vladimir Zubkov, head of the State Geology and Mineral Resources Agency, direct investment totaled 2,245 billion som, equivalent to $US54.5 million. The increased spending is
