Toronto Stock Exchange May 23-29
The Bank of Canada raised its benchmark rate a quarter point for the seventh time in a row, bringing the rate to 4.25% on May 24. But some market watchers believe the rate hikes may be over, and as a…
News
Kalukundi copper deposit shows strong economics
Another Congolese copper project has received a positive feasibility study, this time the Kalukundi deposit in the Kolwezi area of Katanga province….
Minago yields deep grades
The latest pair of holes by Nuinsco Resources (NWI-T, NUIRF-O) on the Minago sulphide nickel deposit, about 70 km south of Wabowden, Man., have delivered starkly different results….
Acadian set to buy Gays River mine
Looking to take advantage of the spike in base metal prices, Acadian Gold (ADA-V, ADGLF-O) has entered into a definitive agreement with HudBay Minerals (HBM-T, HBMFF-O) to purchase the Gays River zinc…
Voisey’s Bay delivers the goods
Notwithstanding Inco’s (N-T, N-N) bid for Falconbridge (FAL.LV-T, FAL-N) and the subsequent unsolicited takeover offer launch by Teck Cominco (TEK.SV.B-T, TCKBF-O), the big story this past year for In…
Political, social stability ensures Chile’s copper future
Santiago, Chile — Way back in January, copper industry analysts thought US$2.50-per-lb. copper was “unthinkable,” but with over a dollar added to that, until recently it seemed that the copper price…
Nautilus samples deep-sea deposits (June 05, 2006)
Vancouver — Ocean-floor explorer Nautilus Minerals (NUS-V, NUSMF-O) has returned high-grade copper-gold values from drilling and sampling of a seabed sulphide zone at its Solwara 1 project off the co…
Gold Fields grabs for South Deep voice
With shares soured after a recent accident at the South Deep mine in South Africa, Gold Fields (GFI-N, GOF-L) has boosted its stake in the mine’s half owner Western Areas (WARSF-O)….
New resource figure for Monument Bay
Rolling Rock Resources (RLL-V) has tabled a revised resource estimate for the Monument Bay project in northern Mani…
Aurizon tells shareholders to wait and see
Facing an unsolicited takeover bid from Northgate Minerals (NGX-T, NXG-X), Aurizon Mines (ARZ-T, AZK-X) has advised…
Firestone extends Torlon zinc high-grade zone (June 02, 2006)
Vancouver – A step-out hole by Firestone Ventures (FV-V, FSVEF-O) has boosted the size potential of its Torlon Hill…
Aurelian intersects long zones in FDN drilling
Another wide swath of high-grade gold from the Condor project in southeastern Ecuador sent shares in Aurelian Resou…