ODDS ‘N’ SODS — Return of the ’60 Pontiac
In 1958, my dad was working at the Quirke uranium mine of Rio Algom in Elliot Lake, Ont., as a raise miner and, later, a shift boss.For a number of years, he made the journey every second week from Ki…
Rio Algom Limited
STOCK MARKETS — TSE 300 composite claws back above 6,000 mark — Bre-X blackens eyes of jungle explorers; Inco, Rio hitched to nickel’s rise
Not since the report period of March 19 has the Toronto Stock Exchange 300 composite index risen above the 6,000 mark.It returned to that peak during the report period ended May 6, rising 226.4 points…
Rio Algom aims for top producer status
Lower copper prices over the past year may have contributed to a sluggish year for Rio Algom (ROM-T), but Chairman Gordon Gray is confident the company will eventually become Canada’s premier copper p…
STOCK MARKETS — Toronto composite index climbs despite dismal week for golds — Base metals suffer as juniors regain lost ground; Loony down against greenback
Riding on the back of the transportation and environmental sub-group, the Toronto Stock Exchange 300 composite index rose for a second consecutive week to close the report period ended April 29 at 5,9…
Flooding, claims, taxes boost cost of Alumbrera — Rio Algom still predicts startup in third quarter
The cost of the Bajo de la Alumbrera copper-gold project in Argentina has surged to nearly $200 million as a result of record rainfall and additional expenses.The mine is still slated to open ahead of…
STOCK MARKET — Toronto composite index recovers strength as index rises — Base metals fare well; signs of life on the Bre-X Minerals front
Rebounding from a 2-week slump, the Toronto Stock Exchange 300 composite index gained a healthy 111.82 points (or 1.9%) over the report period ended April 22 to close at 5,855.37. Due in part to the w…
STOCK MARKETS — Toronto composite index on the mend as gold jitters continue — Some base metals gain momentum lost in previous weeks
The Toronto Stock Exchange 300 composite index took a nose-dive during the report period ended April 16, dropping 77.46 points (or 1.3%) to 5,743.55.However, a jump of 64.22 points in trading on April…
STOCK MARKETS — Rise in U.S. interest rates deflate TSE still further
More than 54 million shares of Bre-X crossed the trading floor as investors continued to bail outBase metal companies rolled with the punches over the report period ended April 8, as U.S. interest rat…
STOCK MARKETS — Base metals catch on in solid market
The TSE metals and minerals sub-index at last caught up with its cousins on the Toronto Stock Exchange over the report period Oct. 16-22. With the TSE 300 composite index sliding into record territory…
Yamana hooks new partner for Santa Cruz
Spokane-based Yamana Resources (YRI-T) has found a new partner to explore its Vanguardia project in the Argentine province of Santa Cruz.Picking up where Noranda left off, Rio Algom (ROM-T) has agreed…
STOCK MARKET — Mines left gasping as TSE sets records
The Toronto Stock Exchange composite index set four records in five trading days over the report period Sept. 18-24, to finish at 5299.66 points, up 31.18 points, or 0.6%, on the week.Trading volumes …
James takes helm at Inmet Mining
If William James lives up to his reputation as savior of struggling Canadian mining companies, Inmet Mining (IMN-T) may finally succeed in fulfilling shareholders’ expectations.The board of Inmet has …