News


Higher Metal Prices propel Teck Cominco

Vancouver — Record first-quarter earnings posted by Teck Cominco (TEK-T) were overshadowed by the company’s decision to halt development of the Pogo gold project in Alaska.


Inmet triples profits

Increased production of pricier copper and zinc enabled Inmet Mining (IMN-T) to more than triple its earnings to $22.9 million (or 49 per share) during the first quarter.




Cameco subsidiary opens Boroo mine

In a development that marks the first successful Canadian foray into Mongolia, production is under way at the Boroo gold mine, northwest of Ulaanbaatar.


Canadian Stock Exchange Indices (May 10, 2004)


Miners help clear Nortel landslide

After being blindsided by an accounting scandal at Nortel Networks, the S&P-TSX composite index recovered to end the April 28-May 4 report period 221.05 points higher at 8,455.85.



Nuinsco sizes up projects

Nuinsco Resources (NWI-T) has tabled independent resource estimates for two of its gold deposits in northwestern Ontario.


China Diamond boosts output at 701 mine

Diamond mining is not new to China. The 701 Changma mine has been operating for decades, and is China’s largest diamond producer. It is an old mine currently profiting from new management and technological upgrades.



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