Noranda reworks Lomas Bayas deal with Falco
The biggest news among Canada’s base metal producers over the May 2-8 report period was the revelation by Noranda that it is shuffling off its stake in the proposed purchase of the Lomas Bayas open-pi…
Kinross Gold Corporation
Base metal miners start year in the black
The April 18-24 report period saw Canada’s biggest base metal producers issue a string of relatively healthy first-quarter earnings reports.Inco announced it had earned US$85 million or US42 a share …
Silver Standard picks up mine
Vancouver — Silver Standard Resources (SSO-V) plans to move ahead with the purchase of Kinross Gold’s (K-T) past-producing Candelaria silver mine in western Nevada.The junior will pay $100,000 and is…
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…
Market unimpressed with US rate cut
In the wake of another cut in U.S. interest rates, investors north of the border knocked 3% off the Toronto broad market during the March 14-20 report period. The sell-off, which suggests that many we…
Golds make gains as TSE dives
The Toronto Stock Exchange treated investors to another wild ride over the report period March 7-13, as another blue Monday hit the telecom stocks. The TSE 300 composite index sank 205 points on March…
Precious metals producers sputter as prices sag
Gold prices fell back into the low US$260s in London during the Feb. 28-March 6 report period following a mid-February rally that saw prices shoot up from US$256 to US$268 per oz.There was a dearth of…
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…
Base metals survive sinking composite index
The Toronto Stock Exchange performed dismally during the report period Feb. 7-13, with the TSE 300 composite index sliding 359.27 points in five trading days and finishing at 8,942.13. The banks and t…
Mixed earnings polarize resource sectors
Erasing some of the gains made in the previous week, the Toronto Stock Exchange 300 index slipped 46.96 points over the Jan. 31-Feb. 6 report period to finish the week at 9,301.40.A flurry of mixed ne…
Kinross eyes Kubaka lookalike in Russia
A blind discovery in the Magadan region of northeastern Russia is looking more and more like the producing Kubaka gold deposit.Kinross Gold (K-T), which holds 54.7% interests in both projects, is unde…
Placer sinks as gold sags
Gold saw a little price action during the Jan. 17-23 report period as the Bank of England completed another gold auction, selling 803,600 oz. at US$268 per oz., with an over-allotment of 4.8 times.Ove…