Summertime, and the gold bugs are biting
The onset of summer and the recent spike in gold prices are making some brokerage firms more optimistic that a U.S.-led economic recovery could lead to improved demand fundamentals for jewelry and, co…
2001
Tri Origin explores Kazan
Junior Tri Origin (TOE-V) has completed a private placement with Britain’s Billiton.The major bought 800,000 units at 25 apiece and exercised 274,511 Series G warrants it acquired through its takeove…
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…
Starfield ramps up drilling
Vancouver — With two rigs turning and a third slated to be added next month, the latest results tabled by Starfiel…
Algoma protection extended
Algoma Steel (ALG-T), Canada’s third-largest integrated steel producer, has been granted a two-month extension of i…
Novagold takes aim at Shotgun (June 22, 2001)
Vancouver — Novagold Resources (NRI-T) has completed an agreement with Cominco (CLT-T) to earn the 52.5% it does n…
Golden signs Prestea deal with Barnex
Denver — Golden Star Resources (GSC-T) has cleared another hurdle in its acquisition of the Prestea gold mine in s…
Alcoa to close magnesium smelter
Due to high production costs and poor market conditions, Alcoa (AA-N), the world’s largest producer of aluminum, ha…
Teck and Inco to test Tucuma
Vancouver — A newly completed airborne geophysical survey has diversified miners Teck (TEK-T) and Inco (N-T) explo…
Partners test Railroad
Eastmain Resources (ER-T) has two drill rigs running on its 5-sq.-km Railroad property in the Bathurst camp of nort…
Andacollo liquidation begins (June 22, 2001)
Dayton Mining’s (DAY-T) wholly owned subsidiary, Compania Minera Dayton (CMD), has been granted bankruptcy protecti…
Trading Summary (June 22, 2001)
Bargain hunters helped the Toronto Stock Exchange end the week on a slightly high note on Friday. The TSE’s 300 com…