Golds advance in slumping TSE
The Toronto Stock Exchange started the trading period April 17-23 strongly but lost ground steadily after the weekend. The TSE 300 composite index fell 123.73 points to 7,717.84, finishing 1.6% behind…
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CDNX gains on moderate volume
Canada’s junior exchange moved higher on moderate volume over the week ended April 23. The Standard & Poor’s-CDNX composite index tacked on 8.91 points, or 0.7%, to close at 1,164.08.Goldminco topped …
PT Inco squeaks out quarterly profit
Higher nickel-matte output by Inco’s (N-T) 59%-owned Indonesian subsidiary PT Inco helped offset a sharp drop in realized nickel prices during the first quarter.Situated on the island of Sorowako, PT …
Breakwater improves
With zinc prices coming off record lows, Breakwater Resources (BWR-T) is starting to produce more.During the first three months of 2002, the company produced 60,470 tonnes zinc in concentrate, up 15% …
Teck Cominco faces fine
Vancouver — The Workers’ Compensation Board (WCB) has fined Teck Cominco (TEK-T) $270,000 for an accident last year at its Trail lead smelter, in British Columbia, in which workers were exposed to to…
Exchange Rates (April 29, 2002)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateApril 23April 22April 19April 18April 17US$ in C$1.57521.57281.5719…
Eldorado expands zone at Kisladag
Vancouver — The first 20 holes of a recently completed 29 hole drill program on Eldorado Gold’s (ELD-T) Kisladag project in west-central Turkey has expanded the area of known mineralization.Designed …
Exploration continues at Kidd Creek
Texasgulf will undertake a major exploration program this year in the vicinity of its Kidd Creek mine in northern Ontario. This follows in the wake of its recent discovery of zinc-lead-silver minerali…
Arthur Brant
Dr. Arthur A. Brant, a founding father of mining geophysics, died recently at the age of 91 in Tucson, Ariz.’Doc Brant,’ as he was familiarly referred to by his many students and colleagues at Newmont…
Barrick hits bull’s-eye at Alto Chicama in Peru
Barrick Gold (ABX-T) intends to quadruple exploration and development spending at the Alto Chicama property in north-central Peru to $20 million this year after finding a “significant gold discovery” …
Dubai aims to secure half of gold trade
Dubai, once dubbed the “city of gold,” will soon have a metal and commodities centre for trading in the yellow metal, diamonds and other commodities.The Dubai Metals and Commodities Centre (DMCC) will…
Exploration spending continues slide
A survey of mineral exploration, deposit appraisal and mine development spending predicts that exploration and appraisal spending for 2001 will dip to a historical low of $458 million, a far cry from …