Cambior Inc

Vancouver — Southwestern Resources (SWG-T) has entered into two joint ventures to explore for gold and copper in southern Peru.

Antofagasta — Jean-Paul Luksic appointed chairman; Marcelo Awad appointed CEO of subsidiary Antofagasta Mining South America.

Cambior (CBJ-T) has abandoned plans to acquire a 55.3% stake in Peruvian-based miner Compania Minera Poderosa (CMPSA).

The Toronto Stock Exchange edged 3.81 points higher to end the Nov. 3-9 report period at 8,845.16. The gold index rose 4.4% to 221.20 points, as the yellow metal entrenched itself above the US$430-per-oz. level, closing at US$432.65 per oz. in New…

The 7-day report period beginning Oct. 20 saw the price of gold rise US$8.15 to close at US$427.50 per oz. in the afternoon of Oct. 26 in London. During the week, gold hit a near 16-year peak; on Oct. 26, however, it fell $1.65. The gold index ro…

The report period Sept. 29-Oct. 5 saw the price of gold rise to close US$3.70 higher at US$415.40 per oz. in the afternoon in London. In New York, oil prices were still hovering around US$50 a barrel; the energy index was up another 4 points at 19…

Golden Star Resources (GSL-T) has transferred its production royalty on the Rosebel gold mine in Suriname to 52.8%-owned subsidiary Guyanor Ressources (GRL.B-T) in return for US$12 million in cash.

Shares in Cambior (CBJ-T) fell nearly 5% in Toronto on Sept. 13, after the company said that the lagging effects of a rock fall earlier this spring has forced the layoff of some 130 employees at its Doyon mine in northwestern Qu…