Market rally gathers steam
Denver — The Dow Jones industrial average chugged ahead, gaining 444 points, or 4.2%, in the April 25-May 1 report period to close at 10,898.34, its highest point since mid-February.Most issues were …
News
Golds picking up in quiet market
The report period ended May 1 was a quiet one for the Toronto Stock Exchange, with the TSE 300 composite index up fractionally at 7,946.33 points for a gain of 54.66 points, or 0.7% of value.What was …
AngloGold shines in quarter
Denver — A solid operating performance by AngloGold (AU-N) in the first quarter translated into income of US$43 million (or 40 per share), compared with a loss of US$18 million (16 per share) in th…
More stones at Fort la Corne
Based on results from last year’s bulk-sampling of two kimberlites at the Fort la Corne project in Saskatchewan, partners Kensington Resources (KRT-V) and De Beers Consolidated Mines (DBRSY-Q) are c…
De Beers offer sweetened
The bid by a group led by Anglo American (AAUK-Q) to take De Beers Consolidated Mines (DBRSY-Q) private has been raised by US$2 for the benefit of minority shareholders who were holding out for a bett…
Navigator options claims to Tahera
Diamond explorer Tahera (TAH-T) has optioned a small land package held by Navigator Exploration (NVR-V) near the Jericho project in Nunavut.Tahera can earn an initial 51% interest in the JH claims in …
Hope Bay partners bullish on Naartok
Drill results from the Hope Bay gold project in Nunavut continue to show the potential of the Naartok-Matrim-Patch trend.Partners Miramar Mining (MAE-T) and Hope Bay Gold (HGC-T) are carrying out an i…
Villagers approve resettlement plan
From a distance, the village of Rosia Montana in Romania’s Transylvanian Mountains epitomizes the pastoral tranquillity of rural Europe. A closer inspection reveals the scars of a repressive political…
Gold Funds (May 07, 2001)
Gold Funds as of April 26, 2001Dundee PreciousCentralMetalsFundNet Value$12.53$5.22Price$8.
Cheviot coal mine plan gets government approval
Vancouver — Five years after submiting an environmental impact asssessment, Luscar and joint-venture partner CONSOL Energy Canada have obtained government approval for their Cheviot coal mine project…
Canyon reaches reclamation agreement
Denver — Canyon Resources (CAU-X) has reached an agreement with the Montana Department of Environmental Quality (DEQ) for the final reclamation of the Kendall mine, near Lewistown.The company, throug…
Weak copper price dents Aur profits
Copper producer Aur Resources (AUR-T) watched its profits slip 34% during the first quarter, despite having its cash flow revved up by the acquisition, last November, of the Quebrada Blanca mine in Ch…