News

Canadian Stock Exchange Indices (March 21, 2005)

Date March 15 March 14 March 11 March 10 March 9

Imperial Metals raises $20m

Vancouver — Imperial Metals (III-T) will use proceeds from a $20-million convertible-debenture financing to restart the Mount Polley copper-gold mine in British Columbia….


Modest gains and losses

U.S. stock markets fell over the period March 9-15. The S&P 500 index ended the period 21.7 points lower, at 1,197.75 points, and the Dow Jones Industrial Average fell 167.5 points, to close at 10…


Producer and Dealer Prices (March 21, 2005)

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Explorers endure profit-taking

Continued strong metal prices appear to have prompted some junior exploration company shareholders to take profits by selling portions of their positions. The S&P-TSX Venture Composite Index slid…


NorandaFalconbridge merger cheered

Vancouver — The latest in a string of mining mergers has Noranda (NRD-T) and Falconbridge (FL-T) joining forces to form a Canadian-based heavyweight in the globa…


Alexis studies Lac Herbin

A preliminary evaluation suggests the Lac Herbin gold deposit, 10 km east of Val d’Or, Que., could support a small underground operation for owner Alexis Minerals (AMC-V)….



Lundin to double production of zinc

Vancouver — Lundin Mining‘s (LUN-T) planned acquisition of ARCON International Resources is expected to boost zinc production dramatically….



Knucklethumb funded

Vancouver — Kodiak Exploration (KXL-V) has raised $2.8 million in a non-brokered private placement, with funds earmarked for further drilling at the Kuncklethumb property, near Thu…


Aber Diamond earnings sparkle (March 21, 2005)

Vancouver — Accelerated production from Aber Diamond‘s (ABZ-T) 40%-owned Diavik mine in the Northwest Territories has delivered soaring revenue and earnings for the diamond supplie…


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Antimony: Mid-mkt US$3,110/t.
Bismuth: Mid-mkt US$3.45/lb.
Cadmium: Mid-mkt US$0.92/lb.
Cobalt: Recent trades US$15.30-16.30/lb.