News

Vancouver — Calgary-based Fording Canadian Coal Trust (FDG-T), a continuation of predecessor Fording, posted net income of $10.7 million in the recent first quarter, plunging from $147.3 million a year earlier.

Vancouver — A 1,200-metre drill program is testing the Quitovac gold project in Mexico’s Sonora state. The project is held jointly by CastleRock Resources (CRI-V) and Copper Ridge Explorations (KRX-V).

With the May 5-11 report period dominated by headlines heralding impending interest rate hikes, China’s decision to try to slow its sizzling economy, and soaring oil prices, one could hardly fault investors for bolting for the doors. And bolt they…

Vancouver — Last year was not kind to Manhattan Minerals (MAN-T). The Vancouver-based junior posted a net loss of US$60.7 million, reflecting a US$59.2-million writedown of the stalled Tambo Grande gold-silver-copper-zinc-lead…

Results continue to expand the resource at the Essakan gold property in Burkina Faso, West Africa. Orezone Resources (OZN-T) is the operator, while Gold Fields (GFI-N) is earning a half-interest in the 1,450-s…

Vancouver — A letter agreement sets the stage for Century Mining (CMM-V) to acquire the historic Sigma-Lamaque gold mine complex in the Val d’Or camp of northwestern Quebec.

Vancouver — Higher metal prices and lower production costs helped Hecla Mining (HL-N) nearly double its first-quarter gross profit to US$13.4 million, compared with US$7 million a year earlier.