TSE wipes brow after recent debacle
Easing its downward spiral of late, the broad market fell less than a point over the March 21-27 report period, to finish the week at 7,751.33.Even gold has regained its composure, trading unchanged a…
Aur Resources Inc
Tiomin deals Cerro Colorado to Aur Resources
J.C. Potvin’s Tiomin Resources (TIO-T) is transferring ownership of the Cerro Colorado porphyry-copper project, in Panama, to Aur Resources (AUR-T).The deal falls under the terms of a loan-and-option …
Broad market hammered by Nortel forecasts
The Toronto Stock Exchange 300 index nosedived 674.8 points during the Feb. 14-20 report period to finish the week at 8,326.68. The 7.6% loss was triggered by a massive sell-off in Nortel shares after…
Aur digests QB purchase
As the dust settles following last fall’s purchase of the large Quebrada Blanca mine in Chile, junior copper producer Aur Resources (AUR-T) is reporting a loss for 2000.Aur posted a net loss of US$15 …
Power sales drive Cominco (February 19, 2001)
Vancouver — Power sales to energy-strapped California have generated a financial windfall for Cominco (CLT-T). The company, now owned 50.1% by Teck (TEK-T), saw its profits double during 2000.The ste…
Teck gets boost from Cominco
By purchasing almost 5.2 million shares of Cominco (CLT-T) at a cost of $127 million in 2000, Teck (TEK-T) increased its ownership of the company to 50.1% and took steps to consolidate it as a subsidi…
Golds tank again on price slide
The Toronto Stock Exchange was modestly higher over the trading period Jan. 24-30, avoiding the wild mood swings it had experienced in December, despite seeing relatively heavy trading. The TSE 300 co…
Canadian Mining Hall of Fame salutes six
Scientific excellence and technical creativity were the centrepieces at the annual induction ceremony and dinner of the Canadian Mining Hall of Fame in mid-January, with six inductees that were all mo…
Alma, Magnola startups highlight year in Quebec
While there were no mine openings in Quebec in 2000, the industry could draw some cheer from the startup, in the latter half of the year, of two major metallurgical plants.In October, just 32 months a…
Broad market rebounds but resource stocks mixed
Recouping over a quarter of the loss reported for the previous period, the Toronto Stock Exchange 300 index climbed 216.19 points between April 5 and April 11 to end the week at 9,358.03, or 2% higher…
Aur spurned again
Aur Resources’ (AUR-T) 2-week-old bid to acquire a 76.5% interest in the Quebrada Blanca open-pit copper mine in Chile came to an abrupt end as one of the mine’s remaining shareholders, Chilean-based …
Issues forums start each day of MM2000
Mining as an industry in transition appeared to be the overarching theme reflected in five issues forums that kicked off each day of Mining Millennium 2000, a conference jointly sponsored by the Prosp…