Ruling not overturned: Gold Reserve
Two mining companies are at odds over a court ruling dealing with property rights in Venezuela. Gold Reserve (TSE) of Spokane, Wash., says TVX Gold (TSE) was incorrect in announcing that a ruling in f…
News
STOCK MARKETS — Diamonds maintain sparkle on western stock
Diamonds, diamonds and more diamonds are the reason trading activity is holding relatively steady on western markets, and holding off the expected summer doldrums. Some downward pressure on gold stock…
Inco assesses shaft damage
The main T-1 mine shaft at the Manitoba division facilities of Inco (TSE) in Thompson, Man., will not return to normal operation until the second-half of September, the company says. Inco recently com…
LETTERS TO THE EDITOR — Lab standards needed for diamond
I write in an attempt to warn shareholders and analysts of the possibility of erroneous conclusions when dealing with micro and macrodiamond counts as released by public companies in Canada and elsewh…
Inco reports quarterly loss despite improved metal prices
Nickel and copper prices have improved, but Inco (TSE) continues to spill red ink. The company reported a second-quarter net loss of US$7.6 million, compared with a net loss of US$2.2 million for the …
STOCK MARKETS — TSE composite index rises despite drop in
Although most major metal prices took a tumble, the Toronto Stock Exchange posted a moderate gain for the 5-day report period ended Aug. 2. The composite 300 index jumped just more than 60 points, or …
BOOKS IN REVIEW — Post-Soviet impact on minerals markets
Change in the Former Soviet Union and its Implications for the Canadian Minerals Sector: The Cases of Copper, Gold, Nickel and Uranium, by David Haglund, S.N. MacFarlane and Vladimir Popov, with Ol’ga…
St Andrew suspends production at Stock
Production has been suspended at St Andrew Goldfields’ (TSE) Stock Twp. mine near Timmins, Ont. The mine is being prepared for an extensive underground exploration program that was originally schedule…
TORONTO STOCK EXCHANGE INDICES (August 08, 1994)
— 1994 — Aug 2 Aug 1 Jul 29 Jul 28 Jul 27 High Low Composite “300” 4194.28 N/A 4178.97 4149.81 4134.01 4609.93 3518.31 Metals&Minerals 3944.74 N/A 3865.62 3809.61 3780.10 3944.74 3273.56 Integrated …
Phelps, Sumitomo plan expansion
Japan-based Sumitomo Metal Mining and Phelps Dodge (NYSE) will jointly enlarge, by 40%, a copper mining venture in Arizona. The total investment will be US$200 million, with Sumitomo holding 15% and P…
Better days for Teck, Cominco
Improved operating results from Cominco (TSE) helped boost the net earnings of Teck (TSE) during the latest quarter ended June 30. Teck posted earnings of $13 million for the period, up from $3 millio…
Aur buying majority stake in Canada Tungsten
With a view to expanding its mining portfolio, junior gold producer Aur Resources has arranged to buy 48.3% (or 14.4 million shares) of Canada Tungsten (TSE) from Cyprus Amax Minerals (NYSE). Cyprus e…