More gold found at Assean Lake
Vancouver — International Curator Resources (IC-T) has intersected a new gold zone at its Assean lake Property, near Thompson Man.Hole 86 intersected 0.71 gram gold over 13.8 metres starting at a dow…
News
Ivanhoe cranks up Korean mine
Ivanhoe Mines (IVN-T) has begun milling stockpiled ore at its Eunsan mine in South Korea.The stockpiled material — 26,000 tonnes of oxidized gold and silver ore averaging 13.2 grams gold and 600 gram…
Canadian Stock Exchange Indices (May 06, 2002)
DateApril 30April 29April 26April 25April 24HighLowTSE 3007663.397582.457629.627686.297713.41…
TSE 300 index goes down as it goes out
The Toronto Stock Exchange 300 index went out with a fizzle rather than a bang, slipping 54.45 points over the April 24-30 report period to finish the week at 7,663.39, or 0.7% lighter.On May 1, the T…
CDNX flounders behind major bourses
Vancouver — Canada’s junior exchange failed to follow the major bourses higher over the week ended May 1, with volume remaining on the modest side. The S&P-CDNX composite index lost 5.63 points, or 0…
GREATEST VALUE TRADED, APRIL 24-30
ExchgVal($000s)HighLowCloseChangeAlcoa*N61530335.9033.2034.03-1.65…
Noranda barely profitable in Q1
Higher metal production did not translate into healthy profits for Noranda (NRD-T) during the first quarter.The company posted earnings of $1 million (or a loss of 2 per common share after preferred-…
Kinross posts deeper loss (May 06, 2002)
Lower gold production and higher cash costs led Kinross Gold (K-T) to more than double its net loss for the first three months of 2002.The company suffered a loss of US$7.9 million (or 3 per basic an…
LionOre’s Waterloo anything but (May 06, 2002)
Drilling at the southern end of the Waterloo discovery on the Wildara property in Western Australia continues to return high nickel grades for LionOre Mining International (LIM-T).Highlights from the …
Mid-tier benefits
At a time when major money managers are telling BHP Billiton they are not big enough, Teck Cominco is positioning itself as a mid-tier company that practises capital and production supply discipline.T…
Benefits
A new version of draft legislation governing mineral and mining rights in South Africa has removed the minerals and energy minister’s discretion in granting those rights. It also guarantees security o…
Barrick eyes RDN (May 06, 2002)
Vancouver — Picking up where Newmont Mining (NEM-N) left off, Barrick Gold (ABX-T) has inked a letter of intent to earn a 75% stake in Rimfire Minerals’ (RFM-V) RDN property in northwestern Br…