TSE finds footing before closing bell
Despite some teeter-tottering, and no thanks to the golds, the Toronto Stock Exchange composite index ended the Sept. 10-16 period 28.98 points ahead at 7,625.37.Precious metal prices were down across…
Inco Limited
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…
Mustang gallops into Manchester
Mustang Minerals (YMU-T) has inked a deal to explore for nickel on Inco’s (N-T) Manchester property covering a 2.5-km stretch of the Manchester Offset dyke on the south range of the Sudbury igneous co…
Inco, union reach deal
Inco (N-T) and the United Steelworkers of America locals 6500 and 6200 have reached a tentative agreement after resolving a 13-week stalemate that centred on health-care and pension benefits.The union…
Bulls charge, gold bugs fly higher
The “Blackout of 2003” failed to darken the mood of investors, who pushed the Toronto Stock Exchange composite index 128.80 points higher over the Aug. 13-19 report period. The benchmark finished at 7…
LionOre posts record profit (August 25, 2003)
Vancouver — The second quarter of 2003 was a stellar one for LionOre Mining International (LIM-T), as the nickel-gold miner exceeded its production targets.LionOre earned US$11.1 million (or 7 per s…
Metals Commentary: Demand for refined nickel grows in China
(The following excerpt from The Commodity Refiner, a monthly publication of Barclays Capital Research, provides an overview of current nickel and zinc markets.)There are reasons to argue that nickel p…
Base metal mining proves profitable
The period ended July 22 was highlighted by several positive earnings reports from some of Canada’s biggest base metals companies.Inco rose 64 to $30.09 as it announced net second-quarter earnings of…
Canico steps up nickel exploration at Ona Puma
Ourilandia, Brazil — With eight drill rigs on site and four more on the way, Canico Resource (CNI-T) is intensifying exploration of the Ona Puma nickel laterite project in Brazil’s Para state.Engine…
Nevada Star kicks off geophysics at Man property
Vancouver –Nevada Star Resource (NEV-V) has started a ground geophysical survey on its 100% owned Dunite Hill project in Alaska.The MAN project is situated in east-central Alaska, south of Fairbanks …
Strikes take their toll on Canadian miners
A flurry of strikes around the world created havoc in the mining industry for the 1-week period ended June 10.Inco said a strike launched June 1 by 3,300 members of the United Steelworkers of America …
Partners test McCreedy’s PM zone (June 16, 2003)
Underground drilling by partners FNX Mining (FNX-T) and Dynatec (DY-T) at the McCreedy West mine in Sudbury, Ont., continues to return high-grade values of copper, platinum, palladium and gold.The lat…