U.S. Markets May 30-June 5
Equity markets Stateside were lower over the five trading days May 30-June 5, as sentiment grew that the Federal Reserve Bank was turning to a tight-money philosophy. Fed chairman Ben Bernanke, in a p…
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TSX Venture Exchange May 30-June 5
While exploration companies listed on the TSX Venture Exchange haven’t benefited from the commodity and metals boom as much as senior and mid-tier producers, the fortunate few with significant discove…
Toronto Stock Exchange May 30-June 5
It was a bearish week for investors, as the TSX composite fell by 5.92 points to 11,699.49 over the May 30-June 5 period. The gold index followed the price of the yellow metal downward, ending off 1%…
Arctic diamond hunt heads east
Vancouver — With most of the best prospects in the Lac de Gras diamond camp already in senior company hands, Canadian diamond exploration companies have shifted their focus to less explored areas con…
Alcan growing to meet aluminum shortage
Alcan (AL-T, AL-N) has secured 40% of the energy it would need to significantly expand its aluminum smelter in Iceland….
St Andrew to restructure equity side
Timmins-camp gold developer St Andrew Goldfields (SAS-T, STGFF-O) plans a consolidation of its shares and with it, a $20-million financing to develop its projects….
Northgate sees ‘mine in waiting,’ at Young-Davidson
Recent drilling by Northgate Minerals (NGX-T, NXG-X) has returned more encouraging results from the Young-Davidson mine project in the Matachewan camp of Ontario, including a 66.59-metre intersection…
Drilling defines Ming sulphides
A directional drilling program at the Ming massive sulphide deposit in north-central Newfoundland is showing that lower-grade stringer mineralization exists in the footwall of the former producing min…
Inco, Falco close ranks to foil Xstrata bid
In a move designed purely to bolster support for an Inco (N-T, N-N) and Falconbridge (FAL.LV-T, FAL-N) union rather than a marriage between the latter and Swiss metals titan Xstrata (XTA-L), Inco says…
Rough trade
With the union’s rejection of management’s latest and “final” counter-offer on May 31, the two sides at BHP Billiton’s (BHP-N, BLT-L) Ekati diamond mine appear further apart than ever, more than eight…
In search of leadership, needle points north for De Beers
$982 million Capital cost of the Victor diamond project…
FT estimate to come soon
A drill campaign by North Atlantic Resources (NAC-T, NOATF-O) has wound up at the FT property package in southern Mali, and the company is ready to turn the numbers over to a consultant for an indepen…