It’s not quite as exciting as a new mine built from scratch on a substantial mineral discovery but, in dollar terms, the recent expansions announced by majors active in eastern Canada all add up significant economic activity.
Shares of Kimber Resources (KBR-T, KBX-X) jumped 9.2% or 15¢ to $1.78 today following news of the latest two assay results from the Carmen deposit at its Monterde project in Mexico.
The abbreviated May 24-27 trading week saw the TSX Composite Index gain 145 points to close at 13,797.59. The lift came as the Bank of Canada contemplated interest-rate hikes, while the U.S. dollar fell on lower-than-expected U.S. consumer…
U.S. markets closed their fourth week of losses with the Dow Jones Industrial Average shedding 0.56% to close at 12,441.58 and the S&P 500 index dropping 0.16% to 1,331.10. Weaker-than-expected U.S. consumer spending and housing data didn’t…
Copiapo, Chile – Andina Minerals (ADM-V) hopes to supercharge its promising Volcan gold project as it explores a number of high-grade targets around its initial Dorado deposit, situated 120 km east of this mining centre in Chile’s Atacama…
Capstone Mining (cs-t) bulked up measured and indicated resources by 219 million lbs. at its wholly owned Minto copper-gold mine in the Yukon. The miner also combined two deposits at the project, which were once thought to be separate, into…
The S&P/TSX Venture Composite Index rose 69.23 points to 2,100.67 over the May 24-27 period, as slightly higher metals prices buoyed many junior mining companies. Many Venture companies enjoyed a small rally over the short trading week…
ArcelorMittal (MT-N) is spending $2.1 billion to expand its Mont-Wright mining complex and Port-Cartier pellet plant near Fermont in northern Quebec.
The 1970s were not kind to the Anaconda Copper Company. Its properties were expropriated in Chile and the company was eventually taken over by Arco, an oil and gas company that wasn’t interested in the copper producer’s mineral assets, which…
Toronto Stock Exchange
Tuesday, May 17, 2011
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