Silver Wheaton not fazed by Pascua-Lama delays
Silver Wheaton will be paying less than $4 an ounce to take the precious metal of Barrick's hands.
Silver Wheaton will be paying less than $4 an ounce to take the precious metal of Barrick's hands.
Reports that assays contained "interesting enrichment in certain rare earth elements" and that gold mineralization was not tested in the area, were not enough to deter investors from dumping the stock – which traded at 17 times the normal volume.
Barrick Gold Corporation today reported net earnings of $0.75 billion ($0.75 per share) compared to net earnings of $1.16 billion ($1.16 per share) in the same prior year quarter.
The expenditures required earn a 60% interest have been reduced to $15 million from $35 million; and In consideration for this reduction: Revolution will be required to issue an additional 7,500,000 common shares to Lake Shore Gold.
Bearing Resources announces field programs have commenced on the company's Zymo copper-gold project in British Columbia and the Flume gold project in the Yukon.
The company reports year-to-date global iron ore sales volume increases 23% to 19 million tons and revenue of $1.6 billion with net income attributable to Cliffs' shareholders of $258 Million, or $1.81 per diluted share.
Recently I helped out with some delivery chores. As I drove about, I discovered that one of the roads I would normally use was closed by roadblocks.
“We may well look back on this as the moment the Llahuin Project gained critical mass, all without the need to do a deal with a third party.”
The report includes an indicated mineral resource of approximately 7.7 million tons at an average grade of 0.0141 troy ounces per short ton or 0.483 grams per metric ton gold equivalent.
After finding a promising intercept (72.4 metres @ 1.74 g/t gold and 98.7 g/t silver), the company looks to expand its Nevada-based Yellow Jacket and Mayflower projects.