Teck posts record profits
Vancouver — Teck Cominco (TEK.SV.B-T, TCKBF-O) posted net earnings of $448 million, or $2.19 per share, for the first quarter of 2006, more than double the net income of $205 million, or $1.01 per sh…
News
Strike looms over Yanacocha (May 08, 2006)
Roughly two weeks after a group of workers at Latin America’s biggest mine returned to work, miners at Peru’s Yanacocha gold mine are threatening to walk off the site again….
Falconbridge soars on buoyant base metals
Higher metal prices helped Falconbridge (FAL.LV-T, FAL-N) more than double its earnings during the first three months of 2006….
Editorial: Silver paper
It used to be said in the Canadian Football League that the Toronto Argonauts won the Grey Cup every June. Silver is the Toronto Argonauts of the metals: it has had its breakout year every December si…
Continental to take over Great China (May 08, 2006)
A friendly deal to take over Great China Mining (GCHA-O) will see Hunter-Dickinson company Continental Minerals (KMK-V, KMKCF-O) trade one of its shares for 8.7843 Great China shares. The bid, under w…
John V. Tully
OBITUARY…
Feds extend ITCE program
In its first budget, Canada’s Conservative government announced that it will re-introduce the Investment Tax Credit for Exploration (ITCE) — commonly known as the “super” flow-through share program -…
OURD more than power utilities
LETTER TO THE EDITOR…
New Cantech tables Lucky Ship moly resource (May 08, 2006)
Vancouver — A mineral resource estimate is now in hand for New Cantech Ventures’ (NCV-V, NCTVF-O) Lucky Ship molybdenum deposit, located 65 km southwest of Houston, in west-central British Columbia….
LME Warehouse Levels (May 08, 2006)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, May 1, 2006 (change from April 24 in brackets):…
Midway tables preliminary Spring Valley number (May 08, 2006)
AMEC E&C Services has pinned down a preliminary resource estimate for Midway Gold’s (MDW-V, MDWGF-O) developing Spring Valley project, in Pershing Cty., Nev….
Spot Prices: Courtesy of Scotiabank,Tuesday, May 2, 2006
| Precious Metals | Price (US$/oz.) | Change |
| Gold | $657.75 | +30.00 |
| Silver | $13.92 | +1.45 |
| Platinu…
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