Mining industry
In a significant development in the gold and metals industry, Goldcorp Inc. (NYSE:GG) announced that Glamis Gold Ltd. has approved the plan of arrangement with Goldcorp, with 98.6 percent of shareholders voting in favor of the deal. The Supreme Court of British Columbia has also granted Glamis its
Mining industry
Barrick Gold Corporation has increased and extended its hostile offer to purchase all outstanding shares of NovaGold Resources Inc. for US$16.00 per share in cash, with a deadline set for November 7, 2006. NovaGold has achieved significant development milestones, including the start of construction at its Rock Creek
Mining industry
In a move that challenges Goldcorp's management, several shareholders, including Rob McEwen, the company's largest individual shareholder, are pushing for a vote on the proposed Plan of Arrangement with Glamis Gold. This decision comes in response to the Ontario Teachers' Pension Plan (OTPP), one of
Mining industry
The Dubai Gold & Commodities Exchange (DGCX), the first commodities derivative exchange in the Middle East, will introduce energy and fuel oil derivatives contracts from the end of October. The exchange aims to gain a foothold in the energy sector, with a major marketing campaign to promote its new services.
Mining industry
International Wayside Gold Mines Ltd. has engaged Octagon Capital Corporation to conduct a private placement offering of up to $3,000,000 of flow-through common shares and $7,500,000 of non-flow-through common shares. The gross proceeds from the sale of flow-through shares will be used for exploration on the
Mining industry
King's Bay Gold Corp., a Canadian mineral exploration company, has announced that drilling is progressing well on the Goldcorp Inc. 117 claim Rowan Lake gold project in the Red Lake mining camp, Red Lake, Ontario. A dozen holes have been completed, and more are underway, with samples from
Mining industry
Pacific Gold Corp., a small-cap mineral exploration company, has announced the commencement of gold production at its Black Rock Canyon alluvial gold mine, located in Lander County, Nevada. The mine is owned and operated by Nevada Rae Gold, Inc., a 100% owned subsidiary of Pacific Gold Corp. With gold trading
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
Brazil's stock market took a hit on average 2.3% on September 6, 2006, with key companies like Tele Norte Leste Participacoes, Petrobras, and CVRD leading the decline. The sell-off follows a months-long battle for control of Canadian mining companies Inco and Falconbridge, which has been part of
