Bre-X
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Bre-X was a group of companies in Canada. A major part of the group, Bre-X Minerals Ltd. based in Calgary, was involved in a major gold mining scandal when it was reported to be sitting on an enormous gold deposit at Busang, Indonesia (on Borneo). Bre-X bought the Busang site in March 1993 and in October 1995 announced significant amounts of gold had been discovered, sending its stock price soaring. Originally a penny stock, its stock price reached a peak at CAD $286.50 (split adjusted) in May 1996 on the Toronto Stock Exchange (TSE), with a total capitalization of over CAD $6 billion. Bre-X Minerals collapsed in 1997 after the gold samples were found to be a fraud.
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| Bre-X corporate website Bre-X corporate website web.archive.org/web/19961219040318/www.bre-x.com/ - Web |
| CBC Digital Archives - Stranger than Fiction: The ... CBC Digital Archives - Stranger than Fiction: The Bre-X Gold Scandal www.cbc.ca/.../gold-fever.html - Web |
| Ontario Securities Commission News Release Februar... Ontario Securities Commission News Release February 9, 2006 www.osc.gov.on.ca/.../nr_20060209_osc-felderhof.jsp - Web |
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| Reprint of Jungle Fever, Richard Behar's on-the-gr... Reprint of Jungle Fever, Richard Behar's on-the-ground reportage of the Bre-X scandal, first published in Fortune Magazine www.sgrm.com/art45.htm - Web |
| September 17, 2007: Bre-X geologist says mine migh... September 17, 2007: Bre-X geologist says mine might contain gold www.canada.com/.../story.html?id=4fc6577c-a591-4271-8c38-259ee710e160&k=43240 - Web |
