Exchange Rates (May 17, 2004)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)…
News
Fears cripple Toronto Stock Exchange
With the May 5-11 report period dominated by headlines heralding impending interest rate hikes, China’s decision to try to slow its sizzling economy, and soaring oil prices, one could hardly fault investors for bolting for the doors. And bolt they…
Hecla cuts costs, boosts profits
Vancouver — Higher metal prices and lower production costs helped
Junior mining sector loses ground
The TSX Venture Exchange fell just shy of 100 points during the May 5-11 trading period to close at 1558.69, representing the fifth-consecutive drop. The junior mining sector fared no better, with a whopping 71 Venture Exchange-listed companies re…
Shore Gold plans gold spinoff
Saskatoon-based
J-Pacific to explore Blackdome (May 17, 2004)
Vancouver —
Getting the beast’s attention
This week, the Porcupine Prospectors and Developers Association (PPDA) has been holding “Mining Week in Timmins,” where the local industry takes to the streets — or, more precisely, the Timmins Square Mall — to get the importance of mining acros…
TSM initiative launched
Canada’s mining leaders and the Mining Association of Canada (MAC) have banded together to launch Towards Sustainable Mining (TSM), a public relations campaign aimed at demonstrating mining’s ability to police itself, and in doing so, gain greater…
Diamond strategy unveiled
A group consisting of the Northwest Territories and Nunavut Chamber of Mines, the Prospectors & Developers Association of Canada, and the Mining Association of Canada (MAC), has released a document designed to influence public policy on the Canadi…
Study examines larger mine at Las Cristinas
Vancouver — A feasibility study prepared for
Shareholder seeks spot on Kimber board
Vancouver — The recent slump in gold and silver prices has prompted a major shareholder of
Revenue up, earnings down for Fording (May 17, 2004)
Vancouver — Calgary-based