Broad market flops as gold surges
The S&P-TSX composite index continued its downward spiral over the Feb. 19-25 report period, slipping 89.45 points to 6,503.10.Not even a surge in spot gold could save producers: Placer Dome plummeted…
Agnico Eagle Mines Limited
Kinross jumps to senior ranks as gold soars
Although it came as no surprise, Kinross Gold made headlines over the Jan. 28-Feb. 4 report period by concluding its long-awaited 3-way merger with TVX Gold and Echo Bay Mines to become Canada’…
From foxes to flowcharts Hall of Fame inductees run the gamut of the mineral industry
A hundred years of mining were distilled into a few hours at the fifteenth annual induction ceremony and dinner of the Canadian Mining Hall of Fame in Toronto on January 16.In the hundredth anniversar…
Golds rebound, base metals sink with broad market
The S&P-TSX composite index traded in a narrow range over the Jan. 15-21 report period, closing down 70.58 points at 6,740.40.The golds fared better, rising 5.7 points to 193.40. The sub-group got a p…
Agnico finds gold at Lapa
Drilling by mid-tier gold producer Agnico-Eagle Mines (AGE-T) at the Lapa property of Breakwater Resources (BWR-T), 11 km east of Agnico’s LaRonde mine in northwestern Quebec, has intersected extensio…
Golds retrench but base metals higher
The Toronto Stock Exchange was only fractionally higher through the trading period Jan. 8-14, with the composite index up 8.2 points, or 0.1% of value, at 6,810.98. Most of the market sectors moved si…
Resource stocks turn cold in new year
Although still 14% lighter than a year ago, the Toronto Stock Exchange composite index gained a hefty 155.16 points over the Dec. 31-Jan. 7 report period to finish at 6,772.66.Gold nosedived at first,…
2002 marked by further consolidation
It did not feel as momentous as 2000 or 2001, when we saw the creation of several global mining giants, but 2002 was full of smaller-sized mergers, particularly in the precious metals sector.Among the…
TSE composite ends flat as gold rallies
The Toronto Stock Exchange moved sideways over the holiday-shortened report period, gaining a piddly 35.21 points. The composite index ended the Dec. 23-27 period at 6,595.83.Gold maintained its momem…
Gold shines as Iraqi stalemate continues
Profit-takers outnumbered investors over the Dec. 4-11 report period, causing the Toronto Stock Exchange composite index to lose 43.41 points. The index finished the week at 6,597.20.Gold, buoyed by n…
Altius-Barrick deal triggers gold rush in Newfoundland
St. John’s, NFLD — An increased level of exploration activity in Newfoundland and Labrador has resulted in 30,500 new claims being staked this year (to the end of October), surpassing the previous hi…
Botwood lures juniors to The Rock
St. John’s, NFLD — Recognizing the merits of a new geological concept for Carlin-style mineralization in a belt of rocks in central Newfoundland, Barrick Gold (ABX-T) struck a deal with Altius Minera…