Nickel flexes muscles
Base metals prices staged a technical rally that soon ran out of steam during the report period April 15-19. For the time being, price action in copper, gold and zinc appears to be taking place betwee…
News
Gold price fortifies Placer’s quarter
Vancouver — Higher gold prices and lower cash costs propelled Placer Dome (PDG-T) to a healthy profit in the first quarter of 2002, despite an 8% drop in production.The major earned US$43 million (or…
Silver output soars for Coeur
Vancouver — Production from both the newly commissioned Cerro Bayo mine in Chile and the recently acquired Martha mine in Argentina has Coeur d’Alene Mines (CDE-N) set to increase silver output by 50…
News – 29-APR-02
Research for the masses
Last week we examined the unhappy case of Merrill Lynch, which is now the subject of an inquiry by New York State securities regulators and prosecutors. Evidence presented by the state has called the …
NAME CHANGES (April 29, 2002)
Battlefield Mineral (BFM-V) has changed its name to BM Diamondcorp (BDI-V) on a 1-new-for-7-old-share basis.Consolidated Logan Mines (CKO-V) has changed its name to Logan Resources…
WMC puts split vote on hold (April 29, 2002)
Diversified Aussie miner WMC (WMC-N) will postpone a vote by shareholders on a plan to divide into an aluminum unit and a diversified metals unit.Regulatory approval from the U.S. Securities & Exchang…
Diamond potential near Wawa lures big guns
An unusual diamond occurrence near Wawa in northern Ontario is attracting the attention of De Beers and Kennecott Canada Exploration.A package of unassuming Archean alkaline metavolcanic rocks is yiel…
Teck takes hit in Q1
Vancouver — Poor base metal prices coupled with lower profits from power sales at Trail, B.C., substantially cut into Teck Cominco’s (TEK-T) net earnings during the first quarter.The major raked in a…
Trading Summary (April 26, 2002)
The Toronto Stock Exchange’s gold stocks rose 261.49 points or 4.1% on the strength of a US$3.70-per-oz. gain by go…
Apex teams up with Western Copper in Mexico
Vancouver – Focusing on developing the large San Cristobal silver-zinc project in Bolivia, Denver-based Apex Silver…
More gold at Assean Lake
Vancouver — International Curator Resources (IC-T) has intersected a new gold zone at its Assean lake Property, ne…