News

Just 20 months after the discovery of the rich West zone at its High Lake polymetallic project in Nunavut, Wolfden Resources (WLF-T) has managed to triple the massive-sulphide resource base.

Alcan (AL-T) expects fourth- quarter operating earnings to slide by around 30% from the previous quarter, owing to a weaker U.S. dollar, seasonal effects, and higher fuel and energy costs.

Vancouver — In a deal worth $15.3 million, Lundin Mining (LUN-T) is offering to purchase the shares in North Atlantic Natural Resources it does not already own.

U.S. equity markets were lower over the report period Jan. 18-25, mainly forced lower by poor earnings news. The S&P-500 index was down 2.3% of value, at 1,168.41 points.

The week of Jan. 19-25 saw the price of gold rise US$2.25, to US$424.50 per oz., where it closed in the afternoon in London. The gold index was up 1.8 points and finished at 198.25. The diversified metals and mining index also rose, by 3.7 points,…