Financings the fashion on TSX
The Toronto Stock Exchange composite index regained lost ground, and then some, ending the Aug. 6-12 report period 214.96 points higher at 7,354.02.The surge was powered by gold, which jumped US$8.10 …
Kinross Gold Corporation
Lupin down for the count
A particularly bad quarter for Kinross Gold’s Lupin gold mine in remote western Nunavut, 400 km northeast of Yellowknife, is pushing the mine closer to closure.The company acquired a 100% stake in Lup…
Golds, base metals end mixed
The broad market attracted more buyers than sellers over the July 9-15 report period, causing the composite index to finish ahead 26.48 points at 7,166.08.The TSX gold index reversed 2.34 points as th…
Modest gains for base metals
The Toronto stock market continued its upward trend over the reporting period June 30-July 8, with the TSX composite index rising 106.50 points to close at 7,089.60 for a gain of 1.5%.The TSX gold ind…
TSE suffers holiday blues as gold claws back
The Toronto Stock Exchange composite index moved sideways over the holiday-shortened June 25-July 1 report period, finishing at 6,983.14, for a loss of 74 basis points.Gold regained some of the ground…
Golds slump as base metals follow suit
The Toronto Stock Exchange’s composite index lost 114.61 points, or 1.6% of its value, during the June 18-24 report period, largely as a result of the weaker gold price. The yellow metal lost US$11.50…
Gold shines on long-term dollar weakness
Investors in gold stocks have taken profits in one of the best years for investing in the precious metal in more than a decade.The high price of gold has been linked to the tensions with Iraq, but thi…
Base metals surge as golds fizzle
The Toronto Stock Exchange’s composite index continued its upward climb over the May 28-June 3 report period, ending 95.04 points higher at 6,931.25.The gold index fared poorly despite a surge in pric…
Midway cuts more gold in Nevada
Vancouver — Midway Gold (MDW-V) has been focusing its efforts on its namesake gold property in Nevada’s Nye Cty., where it is engaged in a joint venture with Newmont Mining (NEM-N).Midway lies betwee…
Junior explorers target Tonopah district
Vancouver — LEH Ventures (LEH-V) has become the latest junior exploration company to join the hunt for gold in the Tonopah region of Nevada.The company inked a deal to earn a 60% stake in the Baxter …
Bema adds South African production
The acquisition of the Petrex mines in South Africa is expected to provide Bema Gold (BGO-T) with an additional 200,000 oz. of gold production per year, adding to its 100,000-oz. annual production bas…
AngloGold sells Amapari to Eike Batista (June 02, 2003)
AngloGold (AU-N) will sell its Amapari project in northeastern Brazil’s Amapa state to Eike Batista’s Mineracao Pedra Branca do Amapari for US$18.2 million.AngloGold acquired Amapari in 1998 as part o…