CDNX stalls on low volume
Vancouver — Canada’s junior exchange failed to generate any excitement as all indices traded in a narrow range and on low volume. The Canadian Venture Exchange composite index added 0.08 of a point t…
Canyon Resources Corporation
Canyon posts loss
After producing 23,180 oz. gold and 5,000 oz. silver from the Briggs mine in California, Canyon Resources (CAU-A) posted a net loss of US$1.8 million (or 14 per share) for the second quarter.The comp…
Market weakens entering summer
Denver — The Dow Jones industrial average slumped 351.71 points, or 3.2%, to 10,596.67 for the report period ended June 19, as the market slipped into the summer doldrums. The Nasdaq dipped below 2,0…
Cordero shows gallium values
At the Cordero property, near McDermitt, Nev., Gold Canyon Resources (GCU-V) has uncovered gallium values in the range of 200 grams per tonne — purportedly the highest such grades so far encountered …
Canyon ponders underground mine at Briggs
Denver — Low gold prices are putting a damper on the North Briggs project, in southeastern California, reducing the size of what was to be a real cost-saver for owner Canyon Resources (CAU-X).The Den…
Canyon reaches reclamation agreement
Denver — Canyon Resources (CAU-X) has reached an agreement with the Montana Department of Environmental Quality (DEQ) for the final reclamation of the Kendall mine, near Lewistown.The company, throug…
Dow, gold continue climb
Denver — The Dow Jones industrial average climbed 113.99 points, or 1.1%, during the holiday-shortened report period April 11-17 to close at 10,216.73.Comex spot gold on the New York Mercantile Excha…
US$12 million writedown pushes Canyon into the red
Denver — After writing down the value of the Briggs gold mine in southern California, Canyon Resources (CAU-X) posted a loss of US$12.1 million (or $1.03 per share) for 2000.Despite the loss, which c…
Mergers dominate lacklustre year in US mining
Denver — The year 2000 began on a note of optimism for mining in the U.S. The Washington Agreement, an accord of Europe’s top bullion-holders that aims to regulate and limit sales, promised to revive…
Dow, Nasdaq continue to slide
Denver — With the U.S. presidential election still unresolved, the Dow Jones industrial average continued its fall, sinking 186.56 points, or 1.7%, to finish at 10,681.06 at the end of the report per…
Dow leaves miners behind
Denver — The Dow Jones industrial average bounded up 578.07 points, or 5.6%, during the report period ended Oct. 31, erasing losses from two weeks ago, though mining issues were mixed.Spot gold on th…
Dow pulls back from big loss
The Dow Jones industrial average suffered a staggering drop during the report period ended April 18, though late-week trading cut the losses to 4.6%. The Dow ended the week down 519.66 points at 10,76…