TSX Venture Exchange February 28-March 6
Surging junior mining stocks propelled the TSX Venture Composite Index to test new highs over the Feb. 28-March 6 session, up 100.18 points or 4% at 2,643.51. Average daily trading volumes swelled to…
News
Desert Sun rises on Yamana bid (March 13, 2006)
A friendly bid from Yamana Gold (YRI-T, AUY-X, YAU-L) to take over Desert Sun Mining (DSM-T, DEZ-X) would see the creation of a 450,000-oz. gold producer in the near…
Toronto Stock Exchange February 28-March 6
Toronto stocks recovered from the previous report period’s slip, with the S&P-TSX Composite Index grabbing 176.84 points to hit 111,883.31 by the end of the Feb. 28-March 6 trading period. The gol…
People (March 13, 2006)
Christopher James Gold — Philip Anderson appointed manager of Latin American operations….
Red Back drilling confirms Abodoabo trench results (March 13, 2006)
Vancouver — The first drill holes on Red Back Mining’s (RBI-T, RBIFF-O) Abodoabo prospect, in southwestern Ghana, are substantiating previous trench results from the gold project….
Silver ETF a go?
Precious metals investors smiled in early March as spot silver broke through the longstanding US$10-per-ounce barrier to post solid, new 19-year highs. Purchases by speculators have been important dri…
Battle brewing between Big Red Diamond and Kel-Ex
Montreal-based Big Red Diamond (DIA-V) has requested an additional 30 days from the Autorit des marchs financiers to file its annual financial statements ended Oct. 31, 2005, blamin…
Blockade shuts down Freeport’s Grasberg
Vancouver — A large group of protesters, some toting weapons, effectively shut down operations at Freeport-McMoRan Copper & Gold’s (FCX-N) massive Grasberg mine in Indonesia’s Pa…
U.S. Gold looks to consolidate Cortez Trend
Vancouver — Robert McEwen’s U.S. Gold (USGL-O) has launched takeover offers for four TSX Venture-listed companies in an anticipated manoeuvre to fuse together a large, strategic land…
Gold and the end of dollar hegemony, part II
METALS COMMENTARY…
Delivering at Corani
With 89 holes representing over 14,000 metres of drilling completed on the Corani silver discovery in Peru and a resource estimate due out in early March, Bear Creek Mining (BCM-V, BC…
Vista seeks to revive Mount Todd gold mine
Vancouver — Pegasus Gold developed a reputation for building and operating low-grade gold mines during a period of high gold prices in the 1980s. As prices collapsed, so did the company and many of i…