WMC eyes nickel-copper project
Australia’s WMC (WMC-N) is aggressively exploring its Quebec 7 project, situated about 300 km north of Schefferville.An extensive airborne electromagnetic geophysical survey of some 16,000 line km has…
WMC International Limited
Gold hangs on as market teeters
Denver — The Dow Jones industrial average fell 472.36 points, or 4.4%, to 10,175.64 in the U.S. holiday-shortened report period ended July 10, amid warnings of poor second-quarter earnings. The Nasda…
Market waits for Fed cut
Denver — The prospect of an interest rate cut by the U.S. Federal Reserve held back the Dow Jones industrial average, which sank 124.19 points, or 1.2%, to 10,472.48 for the June 20-26 report period….
Market weakens entering summer
Denver — The Dow Jones industrial average slumped 351.71 points, or 3.2%, to 10,596.67 for the report period ended June 19, as the market slipped into the summer doldrums. The Nasdaq dipped below 2,0…
Partners hit sulphides at Boyongan
Drilling at the Boyongan copper-gold prospect in the Philippines continues to yield impressive results for partners Anglo American (AAUK-Q) and Philex Gold (PGI-V).Boyongan is part of the North projec…
Gold regains lost ground
Denver — The Dow Jones industrial average sunk 227.46 points, or 2%, to close at 10,948.38 for the report period ended June 12, while spot gold on the Comex division of the New York Mercantile Exchan…
Few bright spots in down market
Denver — The Dow Jones industrial average climbed 136.70 points, or 1.2%, to 11,175.84 during the report period ended June 5, while spot gold slumped to US$265.70 on the Comex division of the New Yor…
Cumberland gets nod for exploration upside
Despite considerable exploration success at two gold projects in Nunavut, Cumberland Resources (CBD-V) is trading at a 5-year low of 80, down even from its 52-week high of $1.55. Graeme Currie, analy…
WMC takes flight in Quebec
An airborne electromagnetic survey flown by WMC over an area of northeastern Quebec reveals several promising anomalies that the Australian major will follow up with ground geophysics.WMC has been exp…
Meliadine West put on block
Australia’s WMC has notified its two Canadian partners, Cumberland Resources (CBD-T) and Comaplex Minerals (CMF-T), that the Meliadine West gold project in Nunavut will be included in the packa…
Market rally gathers steam
Denver — The Dow Jones industrial average chugged ahead, gaining 444 points, or 4.2%, in the April 25-May 1 report period to close at 10,898.34, its highest point since mid-February.Most issues were …
Dow, gold continue climb
Denver — The Dow Jones industrial average climbed 113.99 points, or 1.1%, during the holiday-shortened report period April 11-17 to close at 10,216.73.Comex spot gold on the New York Mercantile Excha…