Resource indices breach 7000 mark
Vancouver — The resource indices fueled the continued bull run on Canada’s junior exchange over the holiday-shortened week ended May 22. The Canadian Venture Exchange composite index soared 100.28 po…
Platinum Group Metals Ltd
Placer Dome unveils value-creation strategy
Low prices have forced most gold companies to focus on their bottom line rather than on top-line growth, and Placer Dome (PDG-T) is no exception. Although this strategy produced record revenue of US$1…
Golds picking up in quiet market
The report period ended May 1 was a quiet one for the Toronto Stock Exchange, with the TSE 300 composite index up fractionally at 7,946.33 points for a gain of 54.66 points, or 0.7% of value.What was …
Harmony may pull plug on Bissett mine
Unable to turn a profit at the Bissett underground gold mine in Manitoba, South African-based Harmony Gold Mining (HGMCY-Q) is considering shutting down the operation.”We will probably put Bissett on …
Strike clips Falco’s wings
The good times did not last long for Falconbridge (FL-T), which barely squeaked out a profit in the first quarter.Pinning the blame on falling metal prices, a strike in Sudbury and production difficul…
Spending steadied in 2000
The steady decrease in domestic exploration spending that has plagued the industry since 1997 began to slow in 2000, according to a study compiled by the Department of Natural Resources.Exploration sp…
Rockwell starts drilling at Pedra Branca
Vancouver — Rockwell Ventures (RCW-V) and its Denver-based partner, Solitario Resources (SLR-T), have commenced drilling at the Pedra Branca platinum-palladium-rhodium project in northeastern Brazil….
Christian von Hessert
Christian von Hessert, chairman of Toronto-based Laramide Resources, has died. He was 59.Born in 1941 in New York, N.Y., von Hessert was a graduate of Columbia University and in 1971 received his mast…
Port Colborne residents sue Inco
A group of residents from Port Colborne, Ont., have filed a class-action lawsuit against Inco (N-T), the Ontario Ministry of the Environment, the region of Niagara, the city of Port Colborne and the c…
PDAC outlook: diamonds and PGMs lead way in today’s marketplace
Diamonds and platinum group metals (PGMs) took centre-stage during a round-up of metals and minerals markets at the annual convention of the Prospectors & Developers Association of Canada, held recent…
PDAC showcases global mining
Delegates attending the annual convention of the Prospectors & Developers Association of Canada (PDAC) in Toronto seemed more optimistic about their industry’s prospects, despite weakness in metal pri…
Aurora Platinum shows potential in Sudbury basin
Junior Aurora Platinum (ARP-V) is embarking on a 20,000-metre drill program as it searches for copper-nickel-platinum group metals (PGM) on projects in Ontario and Quebec.Having run up as high as $8.1…