Diamonds, gold add glitter to junior exchange
Vancouver — Canada’s junior exchange rallied during the week ended May 6. The S&P-TSX Venture Exchange composite index tacked on 25.05 points, or 2.4% of its value, to close at 1,055.74.Shares of Spi…
News
Canadian Stock Exchange Indices (May 12, 2003)
DateMay 6May 5May 2May 1April 30HighLowTSX Composite6693.716659.676618.116569.31…
Ashanti joins Afcan in Sierra Leone
Already partnered at the Kalako permit, 3 km east of Kalana in nearby Mali, Ashanti Goldfields (ASL-N) and Montreal-based Afcan Mining (AFK-V) have inked a deal that could see the former acquire an 80…
Golden Star rakes in record Q1 revenues
Record production from the Prestea open-pit gold mine in Ghana, and significantly better gold prices, let Golden Star Resources (GSC-T) set records for first-quarter revenues and earnings.In the three…
PNWC proves up River Valley deposit
Vancouver — Pacific North West Capital (PFN-V) has tabled encouraging results for nine holes drilled in the sixth-phase program under way at the River Valley platinum group metal property, 60 km nort…
BC Chamber hosts golf tournament
The British Columbia & Yukon Chamber of Mines will hold a golf tournament at the Mayfair Lakes Golf and Country Club in Richmond, B.C., on May 13.Players of various skill levels will participate in a …
People (May 12, 2003)
Compania Minera Antamina — Wendell Pauling appointed president and CEO.Diamonds North — Bruce Kienlen appointed to exploration team.DiamondWorks — Robert Rainey appointed CFO.
AngloGold hit by currency exposure (May 12, 2003)
Vancouver — South Africa’s biggest gold producer felt the impact of a falling U.S. dollar in the first quarter.AngloGold (AU-N) saw net profit slump to US$66 million in the three months ended March 3…
Atna eyes Sheridan assets (May 12, 2003)
Vancouver — Atna Resources (ATN-T) and a well-known private investor have signed a letter-in-principal paving the way for Atna to acquire $3.4 million in assets.Under the deal, Atna will issue to J. …
American Barrick boosts reserves
What a difference a year can make in the life of a mining company.This time last year, Toronto-based American Barrick Resources was sitting with reserves totalling 3.5 million oz. in seven Canadian an…
Phelps Dodge trims quarterly losses
Vancouver — A change in the accounting of retirement benefits helped the world’s second-largest copper producer reduce its losses in the first quarter.Phoenix-based Phelps Dodge (PD-N) lost US$15 mil…
Daily Metal Prices (May 12, 2003)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateMay 6May 5May 2May 1April 30Al Alloy1405/1390…