GREATEST VALUE TRADED, July 28-Aug 3
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News
Agnico-Eagle mired in red ink
Agnico-Eagle Mines (AGE-T) racked up more losses during the second quarter, due in large part to falling gold and copper production from its Laronde mine in northwestern Quebec.During the second quart…
DIAMOND PAGE — SouthernEra remains in the black
Higher production at the Marsfontein diamond mine in South Africa kept SouthernEra Resources (SUF-T) profitable in the second quarter.During the three months ended June 30, the diamond miner earned $1…
DIAMOND PAGE — Archangel, Russian partners end dispute
A settlement has been reached in the 18-month-long dispute between Archangel Diamond (AAD-V) and its Russian partners over ownership of the Verkhotina diamond property in northwestern Russia.The settl…
Camnor drilling at Cirque
Partners Camnor Resources (CMB-V) and Oromin Explorations (OME-V) have launched a US$125,000 diamond drill program at the Cirque volcanogenic massive sulphide (VMS) property, 60 miles south of Fairban…
Cancor tests Gemini project
Junior Cancor Mines (KCR-M) has identified two additional drill targets at its Gemini base metal project in northwestern Quebec.Two massive sulphide lenses rich in zinc and copper have been defined. T…
Triex resumes Minnitaki drilling
The discovery of gold anomalies has induced Triex Resources (TIE-V) to carry out a 10-hole, 1,500-metre drill program at its Minnitaki property in the Sioux Lookout region of northwestern Ontario.Seve…
MOST ACTIVE ISSUES, July 28-Aug 3
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Partners drill in Alaska
Partners Grayd Resource (GYD-V) and Atna Resources (ATN-T) have begun drill-testing the downdip extension of high-grade mineralization on the DC North zone at the Dry Creek property in Alaska.Based on…
MINING MARKETS & INVESTMENT NEWS — EASTERN MARKETS — Yellow metal regains ground as nickel prices show strength — Franco- and Euro-Nevada post gains as yellow metal recovers
Riding on the back of stronger metal prices, the Toronto Stock Exchange 300 index gained 10.61 points during the report period July 28-Aug. 3 to finish at 7,033.30.The biggest news of the week was the…
Cayeli foundation of Inmet’s quarter
Increased production from the Cayeli copper-zinc mine in Turkey was in the foreground of the second-quarter picture at Inmet Mining (IMN-T).Inmet showed a profit of $959,000 for the 3-month period end…
Madison closes ownership gap at Mt. Kare
Madison Enterprises (MNP-V) has boosted its stake in the Mt. Kare project in Papua New Guinea to 90% in a share purchase for a 25% indirect interest held by joint-venture partner Carpenter Pacific Res…