Northern opposes TSE-CDNX deal
Vancouver — A shareholder of the Canadian Ventures Exchange (CDNX) is opposing the Toronto Stock Exchange’s (TSE)…
2001
Trading Summary (May 28, 2001)
The Toronto Stock Exchange slipped 1.74 points on Monday to end a very quiet trading day at 8,291.1. Investors rema…
Minera seeks PGMs
Vancouver — With Pacific North West Capital (PFN-V) drilling its Janes-Davis property, Minera Capital (MNL-V) has launched a 750-metre drill program to the north, on its Murray Lake-Jane Township pla…
Morgain refurbishes plant
With government and environmental approvals in hand, Morgain Minerals (MGM-V) is gearing up to begin production at La Sauceda, a silver vat-leach project in Mexico’s Zacatecas state.The vat-leach plan…
River slips deeper in red
Low gold prices and grades combined with higher fuel prices to land River Gold Mines (RIV-T) $1.9 million in the red during the first quarter.The 6-per-share loss compares with a loss of $500,000, or…
Echo Bay improves performance
Denver — Higher gold output, offset by declining silver production, contributed to an improved first quarter for Echo Bay Mines (ECO-X).Gold production during the first three months of 2000 reached 1…
Producer and Dealer Prices (May 28, 2001)
Antimony: Mid-mkt US$1,245/t.Bismuth: Mid-mkt US$3.80/lb.Cadmium: Mid-mkt US$0.27/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$10.25-12.25/lb.Copper: Comex July US$0.7915/lb.Indium: I…
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…
First Quantum eyes Kansanshi deposit
Vancouver — In keeping with its philosophy of growth through acquisition, First Quantum Minerals (FM-T) has signed a letter of intent with Phelps Dodge (PD-N) to earn an 80% stake in the Kansanshi co…
Market catches gold fever
Denver — The Dow Jones industrial average surged again after a brief respite, climbing 384.27 points, or 3.5%, to 11,257.24, its highest point in 15 months. The Nasdaq hit 2313.85.Spot gold on the Ne…
Soquem, Eastmain drill deep at Clearwater
Exploration drilling by Quebec-government-owned Soquem at Eastmain Resources’ (ER-T) Clearwater (or Eau Claire) property in Quebec’s James Bay region has extended several known gold veins at depth.The…
MOST ACTIVE ISSUES, MAY 16-22
ExchgVol(000s)HighLowCloseChangeKinross GoldT 302251.550.981.39+0.44…