Acadian to spin off gold assets
Halifax-based Acadian Mining (ADA-T, ADAIF-O) is spinning off its gold assets into a new public company to create value for its shareholders, the company says.
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DAILY METAL PRICES (May 12, 2008)
Date May 5 May 2 May 1 April 30 April 29 BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne) Al Alloy Holiday 2610/2640 2645/2680 2695/2725 …
High costs leach revenues at Endeavour Silver (May 12, 2008)
Endeavour Silver (EDR-T, EXK-X) posted record production and revenue last year, but escalating cash costs and a US$1.3-million write down from soured investments in asset-backed commercial paper, ate …
Tinka quick to infer silver resource in Peru (May 12, 2008)
VANCOUVER — One small drill program has produced a significant inferred resource estimate for Tinka Resources’ (TK-V, TKRFF-O) Colquipucro silver project in Peru.
Record quarterly revenue for Metallica
It looks like Metallica Resources (MR-T, MRB-X) is on a roll. Fast on the heels of its planned merger with New Gold (NGD-T, NGD-X) and Peak Gold( PIK-V, PIKGF-O), the Denver-based gold and silver prod…
NORTH AMERICAN STOCK EXCHANGE INDICES (May 12, 2008)
52-week Date May 5 May 2 May 1 April 30 April 29 High Low S&P/TSX-Ven Comp 2493.76 2495.51 2463.91 2455.06 2432.89 3372.00 2340.21 TSX Composite 14274.34 14280.28 14065.81 13…
U. S. MARKETS APR. 29-MAY 5
Stock markets in the U. S. advanced during the April 29 -May 5 trading session. The Dow Jones Industrial Average climbed 98 points, or 0.8%, to 12970; the Standard & Poor’s 500 index rose 11 point…
TORONTO STOCK EXCHANGE APR. 29-MAY 5
April finished off as the best month since January 2006 for TSX Composite Index, which rose 1.3% over the April 29-May 5 trading period. The benchmark gained 188.49 points over the period, rising to 1…
TSX VENTURE EXCHANGE APR. 29-MAY 5
VANCOUVER –The S&P-TSX Venture Composite Index managed a small gain over the April 29 to May 5 trading session, gaining 10.59 points to close at 2493.76. Daily trading volumes also crept up an av…
Gold Reserve feels the sting of rejection
Gold Reserve (GRZ-T, GRZ-X) has lost its status as a “company that could” in Venezuela.
Chavez gov’t denies Crystallex key permit at Las Cristinas
VANCOUVER — Crystallex International (KRY-T, KRY-X) had been jumping through every hoop in its path at the Las Cristinas gold project in eastern Venezuela.
Dispute threatens more delays for Petaquilla
VANCOUVER–The Petaquilla project in north-central Panama has long been described as one of the largest undeveloped copper deposits in the world. A dispute between proposed partners Teck Cominco (TCK-…