On May 2, 1983, Barrick Gold made its debut as a publicly traded company on the Toronto Stock Exchange. The stock began trading on May 2, 1983 at C$1.20 per share. An investment in Barrick of C$10,000 at that time was worth C$322,583 (CAD) on April 30, 2008. Between its listing on May 2, 1983 and [...]

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Hundreds of thousands of South African precious metals ounces are at risk as the ongoing power problems in the country have come to a very serious state. Electricity supplier Escom no longer has sufficient capacity to meet demand and is having to make cutbacks and reduce its exports of electricity to neighbouring countries. Mineweb reports that gold [...]

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Banro has increased Measured & Indicated mineral resources by 23% at Twangiza to 3.9 Moz. This is one of four Banro projects on Twangiza-Namoya gold belt in the Democratic Republic of the Congo (DRC). The belt is over 200 km long, running south from Twangiza, south of Bukavu on the southern tip of Lake Kivu. This great [...]

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It may be that a breakthrough catalyst formulation could see a dramatic increase in gold use, but may not be good news for platinum producers. World Gold Council (WGC), the organisation responsible for driving global demand for gold, and Nanostellar, a leading-edge developer of emission control technologies, have agreed to a long-term strategic partnership to [...]

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Highlands Pacific is selling its Kainantu gold mine and surrounding Exploration Licences in Papua New Guinea to Barrick Gold. Highlands Pacific Chairman, Bob Bryan said that the transaction heralds a new beginning for Highlands which has suffered through a gold hedge book which had ballooned to $93 million due to the recently escalating gold price.

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