Barrick to Acquire 70% Interest in El Morro Project

Barrick Gold Corporation announced that it has entered into an agreement with Xstrata Copper Chile S.A. (“Xstrata”), a wholly owned subsidiary of Xstrata Plc, to acquire Xstrata’s 70% interest in the El Morro project for $465 million in cash. El Morro is an advanced gold-copper project located in the Atacama Region in Chile. As reported by Xstrata, total measured and indicated gold... 

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Report Shows Long Term Benefits of Gold Mining to Developing Economies

Large-scale gold production has been found to be a major factor in bolstering the economies of developing countries, according to a key report issued today by the World Gold Council (WGC) in partnership with the International Council on Mining & Metals (ICMM) and Oxford Policy Management. The new report, ‘The Golden Building Block: gold mining and the transformation of developing economies’,... 

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Barrick Announces Bought Deal Increased to $3.5 Billion

Barrick Gold Corporation announced today that it, in response to strong investor demand, has entered into an agreement to increase the size of its previously announced bought deal equity offering of approximately $3.0 billion (81.2 million common shares) to approximately $3.5 billion (94.8 million common shares) at a price of $36.95 per share. The offering is being led by a syndicate of underwriters,... 

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Bullion Monarch Mining Names Barrick as Additional Defendant in Pending Litigation against Newmont

Bullion Monarch Mining Inc., a natural resource exploration and development company, has named Barrick Goldstrike Mines and Barrick Gold Corporation (collectively referred to as “Barrick”) as defendants in their pending litigation against Newmont USA Limited (Newmont). This lawsuit is regarding unpaid royalties from a 256 square mile area of interest in the renowned Carlin Gold Trend in Northeastern... 

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Nevada Gold Holdings Inc. Provides Overview of Nevada Exploration

Nevada Gold Holdings, Inc., a mineral exploration company focused on identifying and developing large-scale gold deposits in Nevada, is pleased to provide an overview of the current state of gold exploration in Nevada. Nevada is a world-famous, mining-friendly state and the leading gold-producing state in the United States. According to the January 2008 U.S. Geological Survey, in 2007, approximately... 

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Barrick Completes Sale of $750 Million in Debt Securities

Barrick Gold Corporation announced the completion of the sale of $750 million of 6.95% notes due 2019 to a syndicate of underwriters led by Morgan Stanley & Co. Incorporated, J.P. Morgan Securities Inc., and Citigroup Global Markets Inc. The net proceeds of the offering will be used for general corporate purposes, including to fund construction at Barrick’s projects and make investments... 

Canasia Industries Corporation: Reed Lake Drill Program Update

Canasia Industries Corporation announce that it has been notified by the operator of the Reed Lake prospect that drilling is continuing. At this time, 17 samples are in the process of being shipped to Acme Labs in Vancouver for 31 element ICP analysis. All the drilling on this first phase is expected to be completed near the end of March, at which point additional samples are expected to be shipped... 

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Noront and Rosseau Resolve Proxy Contest and Agree on Composition of Noront Board

Noront Resources Ltd. and Rosseau Asset Management Ltd. announce that they have agreed to a jointly determined single slate of directors for election at Noront’s annual and special meeting of shareholders to be held on October 28, 2008 (the “Meeting”). The new Board will have a strong mandate to move the Company forward in the best interests of all shareholders. Pursuant to the terms... 

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Barrick to Joint Venture Midway’s Spring Valley Project, Nevada

Midway Gold Corp. announce that it has signed a term sheet with Barrick Gold Exploration Inc., a wholly owned subsidiary of Barrick Gold Corporation for an exploration agreement and option to joint venture Midway’s Spring Valley gold project, Pershing County, Nevada. “This agreement represents a milestone in the development of Spring Valley and fulfills our goal to advance the project towards... 

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Miranda Advancing New Copper-Molybdenum Target at Redlich

Miranda Gold Corp. announces that it is evaluating a possible copper-molybdenum porphyry system on its Redlich property in Esmeralda County, Nevada. Miranda’s Redlich project is located within the Walker Lane structural domain, 55 miles west of Tonopah, Nevada. The property consists of 213 lode claims and covers 4,400 acres (1,782 hectares). Recent drilling focused on a northwest-trending fault...