Trading Summary (June 10, 2002)
The gold issues plummeted nearly 8% on Monday leading the Toronto Stock Exchange’s S&P/TSX Composite Index 17.86 po…
News
Kinross, Echo Bay and TVX plan three-way merger
Joining the mining sector’s consolidation parade, Kinross Gold (K-T), Echo Bay Mines (ECO-T) and TVX Gold (TVX-T) h…
Hecla joins Great Basin at Ivanhoe (June 10, 2002)
Vancouver — Coeur d’Alene, Idaho-based Hecla Mining (HL-N) has teamed up with Great Basin Gold (GBG-V) to advance…
Red Emerald moves to scoping study
Vancouver — With the latest round of drilling confirming the gold mineralization previously cut in the Discovery z…
Twin headed back to Atlanta
With gold prices remaining above US$300 per oz., Twin Mining (TWG-T) plans on revisiting its roots and revitalizing…
Stratoni may need a new study
The Conseil d’tat, Greece’s supreme administrative court, says that TVX Gold (TVX-T) may or may not need to comple…
Seabridge builds up fringe gold projects
Some gold companies become marginal plays, and others have that status thrust upon them; the unusual thing about Seabridge Resources (SEA-V) is that it was born a marginal play, and by design.Founded …
J-Pacific nabs Callahan
Vancouver-based J-Pacific Gold (JPN-V) has acquired an option to buy the Callahan property in Nevada’s Lander Cty.The Callahan property consists of 10 patented and 42 unpatented claims overlying a seq…
Juniors eye precious metals in Argentina
Argentina’s recent financial woes have not deterred two juniors from inking separate deals to explore for precious metals there.Silver Standard Resources (SSO-V) has purchased a 43% interest in the Pi…
GLR dusts off cobwebs
With the price of gold on the rise, GLR Resources (GRS-T) has decided to forge ahead with the development of the Box and Athona deposits, which form part of its Goldfields project on the north shore o…
Grupo Mexico sees improvements in Q1
Financial results appear to be improving for copper giant Grupo Mexico as cutbacks in production make their effect felt across the organization.Grupo Mexico booked a net loss of US$20.9 million on rev…
Phelps Dodge drives down costs
The world’s second-largest copper producer, Phoenix, Ariz.-based Phelps Dodge (PD-N), is starting to show success in its efforts to reduce operating costs at its mines around the world.Dubbed “Quest f…