GBS Gold Forms Strategic Alliance With RBS Sempra Commodities

GBS Gold International Inc. announces the formation of a strategic alliance with global commodities marketing and trading company RBS Sempra Commodities. (C$ represents Canadian dollars and A$ represents Australian dollars) Highlights: - RBS Sempra Commodities becomes a strategic investor via the placement... Read more..

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Barrick Gold rises but later retreats after analyst upgrades on attractive valuation

Barrick Gold Corp has just announced a report saying that its shares rose Friday but later retreated after a security analyst lifted her rating on the world’s biggest gold producer, saying its stock price offers an attractive value. Shares slid $1.77, or 4.2 percent, to close at $40.58. Credit... Read more..

High River Gold Announces Strategic Investment Transaction With Alfa Group

High River Gold Mines Ltd. announced that it has entered into an arms-length strategic investment agreement with Veromart Securities Inc., an indirect wholly-owned subsidiary of the Alfa Group Consortium (the “Alfa Group”) which is one of Russia’s largest privately-owned financial/industrial... Read more..

Royal Gold Inc. to buy Barrick Gold Corp. portfolio of royalties

Precious metals royalty company Royal Gold Inc has recently reported that it will pay Barrick Gold Corp. $150 million to acquire portfolio of royalties, and reduce certain royalty payments. Royal Gold gains royalties on 77 properties, including eight producing royalties, 20 development and evaluation... Read more..

Barrick Gold’s 2Q profits rise 22 percent; will sell royalties portfolio to Royal Gold

Barrick Gold Corp., the world’s largest gold producer, is reported by the media lately that the company reported a 22 percent jump in second-quarter net income and announced plans to sell a portfolio of non-core royalties to Royal Gold Inc. for $150 million plus reduced royalty payments. Toronto-based... Read more..

Barrick Gold sees lower production in 2008; expects higher costs due to rising energy prices

Barrick Gold Corp., the world’s largest gold producer has recently reported that the company expects 2008 gold production to fall at the lower end of its previously announced guidance, citing fluctuations in ore grades. For the year, Toronto-based Barrick estimated gold production would be closer... Read more..

Midlands Minerals Reports Significant Gold Mineralization in Follow Up RC Drilling at Sian, Ghana

Midlands Minerals Corporation is pleased to report the results of the additional 22 holes totaling 2,707 metres of RC drilling completed in May 2008 have successfully extended the known mineralization in each of the existing areas tested, and have identified a new target west of the Esaase pit. More... Read more..

Goldcorp Consolidates Red Lake District With $1.5 Billion Acquisition of Gold Eagle

Goldcorp Inc. announced an agreement whereby Goldcorp will acquire, through a friendly plan of arrangement, all outstanding shares of Gold Eagle. Gold Eagle’s principal asset is the world class Bruce Channel gold discovery which is situated along the prolific Red Lake Trend, adjacent to Goldcorp’s... Read more..

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Barrick Sells Non-Core Royalties to Royal Gold-Achieves Lower Royalties on Cortez-Crossroads

Barrick Gold Corporation announced that it has entered into a definitive agreement to sell certain non-core royalties to Royal Gold Inc. in exchange for $150 million in cash and a significant reduction of royalties otherwise payable to Royal Gold on Barrick’s 100%-owned Cortez property. This transaction... Read more..

Sego Initiates Drilling at Miner Mountain Copper/Gold Porphyry Project

Sego Resources reports that permits have been received to drill the Granby and Regal Zone at its copper gold porphyry project near Princeton, BC. Sego Resources Inc. suspects that the Regal and Granby Zones may join. Ongoing trenching and the upcoming drilling will test this possibility. The trenching... Read more..