Articles Tagged "australia"

Cowal Mine Sale a Plus for Both Barrick and Evolution Mining

Barrick Gold has announced plans to sell its New South Wales-based Cowal gold mine to Evolution Mining for US$550 million. The deal has been praised by market watchers and appears beneficial for both parties. For Barrick, the sale is positive in part because it fits with its current goals of lowering its debt and reducing its presence in Australia.

Huge 87 Ounce Gold Nugget Uncovered in Australia

The Age reported that an Australian prospector has uncovered a gold nugget weighing roughly 87 ounces. He estimated the nugget was worth about $135,000, but expressed hope that a private collector might offer more.

Drill Tracker Weekly: Novo Drills Out Near Surface Oxide at Beatons Creek

Drill Tracker Weekly highlights drilling results in context with our database of over 10,000 drilling and trenching results. The purpose of this report is to highlight drilling and trenching results that stand out from the pack and compare them to their peer group. This report does not constitute initiation of coverage or a recommendation.