McWatters trims production estimate
Lower-than-expected-grades at its Sigma-Lamaque open-pit operation in Val d’Or, Que., have McWatters Mining (MWA-T) looking to raise up to $7 million to remove troublesome waste.A syndicate, led by Du…
McWatters Mining Inc
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…
McWatters raises more cash (May 26, 2003)
The underwriters of a public equity offering have exercised an over-allotment option, netting McWatters Mining (MWA-T) another $639,200 in proceeds.In early April, McWatters issued 136.2 million treas…
Broad market stages rally
Fueled in part by gains in the gold and base metal sectors, the Toronto Stock Exchange rocketed 148.32 points over the April 30-May 6 report to land at 6,693.71.By the period’s end, the gold group had…
Profit-takers step in
The Toronto Stock Exchange moved lower over the report period April 23-29, with profit-taking marking the end of a rally that lasted more than three weeks. The TSX Composite index fell 37.53 points to…
McWatters eyes $25m for Val d’Or deals
McWatters Mining (MWA-T) has agreed to sell 125 million shares for 20 apiece to a syndicate of underwriters led by National Bank Financial. The deal will raise $25 million in proceeds.McWatters will …
Croinor deposit grows
A slew of new drill results and an ongoing campaign are keeping South-Malartic Exploration (MSU-V) as determined as ever as to advance the venerable Croinor gold deposit to production.Situated 70 km e…
McWatters acquires East Malartic mill
Two transactions, one with Quebec government-owned Soquem and another with Barrick Gold (ABX-T), will give McWatters Mining (MWA-T) a major position in the Val d’Or region of northwestern Quebe…
Broad market flops as gold surges
The S&P-TSX composite index continued its downward spiral over the Feb. 19-25 report period, slipping 89.45 points to 6,503.10.Not even a surge in spot gold could save producers: Placer Dome plummeted…
McWatters director opens own account
Recent insider trading transactions reported by the Ontario Securities Commission include the following:q Anatolia Minerals Development (YMC.U-V) — Erden Yuksel, who is an insider under the Ontario S…
Resource stocks turn cold in new year
Although still 14% lighter than a year ago, the Toronto Stock Exchange composite index gained a hefty 155.16 points over the Dec. 31-Jan. 7 report period to finish at 6,772.66.Gold nosedived at first,…
Gold and diamonds took spotlight in 2002
Vancouver — Market-watchers are optimistic the resurgence in the price of gold will help transform prospective properties into producing mines over the next few years.During 2002, Canadian companies …