Bre-X
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 reported it was sitting on an enormous gold deposit at Busang, Indonesia (in 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.
primaryTopic
Bre-X
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 reported it was sitting on an enormous gold deposit at Busang, Indonesia (in 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.
has abstract
Bre-X was a group of companies ...... st mining scandal of all time.
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La Mine d'or de Bre-X Busang e ...... nsion de la Bourse de Toronto.
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Link from a Wikipage to an external page
Wikipage page ID
Wikipage revision ID
742,501,864
date
19,961,219,040,318
title
Bre-X corporate website
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hypernym
type
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Bre-X was a group of companies ...... ples were found to be a fraud.
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La Mine d'or de Bre-X Busang e ...... nsion de la Bourse de Toronto.
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label
Bre-X
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Mine d'or de Bre-X Busang
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