Gold index loses lustre
The S&P/TSX composite index slipped 9.1 points during the May 8-14 report period, closing at 7,707.8 points.Gold yo-yoed itself to a US$308.40-per-oz. London afternoon fix on May 14, a net decrease of…
News
Junior golds add to recent gains
Vancouver — Canada’s junior exchange moved higher during the report period ended May 14, as investors continued to snap up shares in gold-related issues. The Standard & Poor’s-TSX Venture composite i…
Goldcorp cruises on Red Lake (May 20, 2002)
Despite lower revenue, Goldcorp (G-T) managed to post record first-quarter earnings, thanks to the performance of its Red Lake mine in northwestern Ontario.Revenue during the three months ended March …
Huaron powers Pan Am
Newfound production at the Huaron mine in Peru and La Colorada mine in Mexico enabled Pan American Silver (PAA-T) to boost revenue to US$10.2 million in the recent first quarter, compared with US$4.5 …
Olympus Pacific encouraged at Khe Rin
Olympus Pacific Minerals (OYM-V) is bullish about partial assay results from an 18-hole, 2,100-metre drilling program on the Phuoc Son gold project in central Vietnam.The drilling was aimed at testing…
Trading Summary (May 17, 2002)
The S&P/TSX Composite Index slipped 11.08 points to finish the week off at 7,727.03 points. The Gold Index was the…
Moneta busy at Golden Highway
Moneta Porcupine Mines (ME-T) has cranked up exploration on its Golden Highway project on the Destor Porcupine faul…
Writedowns sink Ivanhoe in 2001
Ivanhoe Mines (IVN-T) ended 2001 with a net loss of US$85 million thanks to US$59.2 million in writedowns on its ir…
Anglo’s Zambian exit draws nearer
The government of Zambia said on Friday that it had agreed to a basic framework for the exit of Anglo American (AAU…
European Goldfields eyes $13.5 million
European Goldfields (EGU-V) has reached a deal with Dundee Securities and Sprott Securities to complete a best effo…
Trading Summary (May 16, 2002)
All of the Toronto Stock Exchange’s subindices finished modestly higher on Thursday. The Gold index led the way wit…
Bema, Kinross win US$20 m at Refugio
An arbitrator has ruled in favour of equal partners Kinross Gold (K-T) and Bema Gold (BGO-T) in a case related the…