Profit-taking grabs hold of broad market
Profit-takers went away happy as the Toronto Stock Exchange composite index dipped 24.76 points over the Jan. 7-13 report period, ending the week at 8,380.34.Gold also reversed course, retreating US$3…
Goldcorp Inc
Planet cashes up, McEwen cashes out
Vancouver — The closing of a $6-million bought-deal financing has given Goldcorp (G-T) a 13.4% equity stake in junior Planet Exploration (PXI-V).The high-grade gold miner picked up $2.5 million, or 4…
Goldcorp sells gold hoard
Goldcorp (G-T) has sold off its gold hoard and intends to distribute most of the profits to its shareholders in the form of a special dividend.Debt-free and a long-time true believer in a nascent bull…
Price squeeze has base metal issues jumping
Toronto equities were little-changed over the report period Dec. 3-9, a modest gain of 48.34 points putting the TSX Composite index at 7,975.94. The base metal and gold stocks headed in opposite direc…
Madsen program shapes up for Claude, Placer
Red Lake, Ont. — The Red Lake gold camp of northwestern Ontario had, over the years, come to look fairly simple: two big mines, one very big orebody, and very little going on outside the fences at Ca…
Gold breaks barrier as silver, nickel soar
A strong rally sent gold US$9.55 higher over the five trading days to a London morning fix of US$401.05 per oz. on Dec. 2. It’s the first time the yellow metal has surpassed the psychological barrier …
Partners fizzle at Headway property
A second phase of drilling at the Headway property in the Red Lake camp of Ontario has returned mixed results for King’s Bay Gold (KBG-V) and Solitaire Minerals (SLT-V).The highest reported result was…
Eastmain shares soar on GoldCorp alliance (November 24, 2003)
Eastmain Resources (ER-T) has partnered with mid-tier producer Goldcorp (G-T) to acquire, explore and develop gold deposits in Quebec.Goldcorp recently subscribed to a private placement of 2 million E…
Haywood buys piece of Planet (November 17, 2003)
A bought-deal financing with Haywood Securities all but assures Planet Exploration (PXI-V) of $5 million in gross proceeds.The private placement, which requires exchange approval to proceed, entails 3…
Goldcorp cashes in on gold rally
Higher gold prices and a slew of encouraging earnings reports augured well for Canadian producers over the Oct. 21-28 report period. The Toronto Stock Exchange’s gold sub-group climbed 10.71 points to…
Barrick re-shuffles management deck
The gold companies took centre-stage during the report period ended Sept. 23, as the yellow metal resumed its bull run by lunging forward $12.35, or 3.3%, to US$385.25 per oz., pulling the S&P-TSX Gol…
Metal price rally sends producers higher
A rally in metal prices pushed both gold and base metal producers to higher ground over the holiday-shortened Aug. 27-Sept. 2 report period. The Toronto Stock Exchange gold subgroup tacked on 5.38 poi…