Mining index leads charge in CDNX rally
Vancouver — Canada’s junior exchange rallied strongly over the week ended May 1, led by a triple-digit gain in the mining index. The Canadian Ventures Exchange composite index tacked on 41.94 points,…
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Falco, AMR lead nickel search in Vietnam
Hanoi, Vietnam — With their eye on the Ban Phuc nickel-copper deposit as a potential development project, Falconbridge (FL-T) and its New Zealand-based partner are investigating the Ta Khoa concessio…
Cayeli strike hits Inmet
Recovering from a 3-month strike at the Cayeli base metal mine in Turkey, Inmet Mining (IMN-T) has posted a first-quarter loss of $3.9 million on revenue of $18.2 million.The loss, 13 per share, comp…
CanAlaska adds diamond project
Vancouver — CanAlaska Ventures (CVV-V) has acquired a diamond property northwest of the Kapuskasing Structural zone in the Superior Craton of northern Ontario.The vendors of the property discovered w…
Ashanti triumphs in quarter
Denver — Overcoming a possible production shortfall, Ashanti Goldfields (ASL-N) posted strong results for the first quarter.Earnings totalled US$9 million (or 8 per share), compared with US$6.9 mill…
Canadian Stock Exchange Indices (May 07, 2001)
DateMay 1 April 30April 27April 26April 25HighLowTSE 3007946.337946.637967.347960.327945.2711401.977382.00Metals & Minerals4703.934701.534753.074750.354650.334757.383206.56…
Grupo Mexico posts first-quarter loss
Despite an aggressive cost-cutting campaign, Grupo Mexico registered a loss of US$48.8 million (US7 per share) on…
De Beers completes Kennady bulk sample
Vancouver — De Beers Canada Exploration, a wholly owned subsidiary of De Beers Consolidated Mines (DBRSY-Q), has c…
First Quantum and Billiton close deal
Vancouver — London-based Billiton has completed a $1-million private placement in First Quantum Minerals (FM-V), p…
Southern Rio drills Santo Tomas
Southern Rio Resources (SNZ-V) has begun a 12-hole, 3,500-metre reverse-circulation drilling program at the Santo T…
Round Mountain powers Echo Bay
Record quarterly production at the Round Mountain mine in central Nevada helped Echo Bay Mines (ECO-X) continue whe…
Philex sees more red
Vancouver — With low gold prices forcing a suspension at the Sibutad mine, and with the Bulawan operation running…